Sappi Reports Quarterly Profit as Cost Cuts Offset Weak Prices
Sappi Ltd., the world's biggest producer of dissolving wood pulp, reported a third quarter profit after cost cutting to offset price changes.
Shell : Second Quarter Earnings More Than Double
Royal Dutch Shell posted a jump in quarterly earnings on Thursday, as its newly-installed CEO works to cut costs and streamline projects.
Whirlpool Enters into Agreements to Acquire Majority Interest in Indesit
Whirlpool Corporation (NYSE: WHR) and Fineldo S.p.A. announce that they have entered into a binding agreement for the sale of Fineldo’s stake in Indesit Company S.p.A. (BIT: IND).
White Rose CCS Project Secures Crucial EU Funding
The UK’s carbon capture and storage (CCS) industry is celebrating today after the European Commission confirmed it is to award up to €300m to the proposed White Rose CCS project in Yorkshire.
Germany to Adopt Minimum Wage
Germany has introduced a national minimum wage, which has been long resisted by conservatives who say it will make industries uncompetitive, but which is hoped will help the poor and stimulate demand.
Helvetia Agrees to Buy Nationale Suisse for $2 Billion
Helvetia Holding AG (HELN) agreed to buy a majority stake in Nationale Suisse (NATN) in a transaction valuing the company at about 1.77 billion Swiss francs ($2 billion)
European Corporate Earnings Set to Boom
European companies are set to see almost 18 percent growth in their second-quarter earnings, compared to the same period last year, new data has shown, CNBC news reports.
Eurostat Reveals Eurozone Unemployment Falls, But Pace Slows
Unemployment in the eurozone continued to fall in May, but at a slower pace, raising fears that a fragile economic recovery in the single currency bloc could be stalling.
La Compagnie Airline To Sell Business-Class Seats for Economy Prices
A brand new French boutique carrier company, named La Compagnie, is striving to ‘democratise’ business-class by offering business-class seats for economy prices.
EU Becomes World’s Top Food Exporter
A report from the European Commission on the global farming market has revealed that the EU has beaten the US and become the world’s top exporter of agricultural and food products.
Huawei Signs Benchmark Deal with Euler Hermes
Euler Hermes, the global leader in trade credit insurance, and Huawei, a leading global ICT solutions provider, announced an agreement to cover the trade receivables for Huawei’s consumer device business in Europe.
Shire Rejects Takeover Offer from AbbVie
FTSE 100 pharmaceutical company Shire has rejected a takeover bid from US-based AbbVie. Shire’s shares price shot up by 13 percent in early London trading on 20th June following the announcement.
