SPAR to Acquire 80% Stake in BWG Group, Europe

SPAR Group planned to acquire an 80 percent stake in the BWG Group in Europe, a move that would position it for future expansion, the grocery retailer and wholesale distribution group said yesterday.

Walgreens to Buy Remaining Stake in Alliance Boots


Apollo Tyres to Expand into Eastern Europe

Apollo Tyres plans to invest Euros 500 million to construct a green field facility in Eastern Europe as part of its overseas expansion plans.

BMW Beats Profit Forecasts, See Record Sales

New models and strong sales in China have helped BMW to beat second-quarter profit forecasts and keep it on track to remain the world's biggest luxury car maker under the challenge of its German rivals.

Munich's Technical University Switches Masters to English Language

One of Germany's top universities wants to ditch German and switch almost all of its master's programmes to English in the next six years, prompting fears that the academic standing of the German language is under serious threat.

Shell's Second Quarter Earnings More Than Double

Royal Dutch Shell (Shell) posted a healthy jump in quarterly earnings on Thursday, as its newly-installed CEO works to cut costs and streamline projects.

Sappi Reports Quarterly Profit as Cost Cuts Offset Weak Prices

Sappi Ltd.

Park Inn Opens at Pulkovo Airport in St. Petersburg

The hotel offers 200 rooms and suites and has direct connection to the newly build Terminal 1 at Pulkovo Airport which provides convenience for early arrivals, late departures and travellers in transit.

BSkyB in £5 Billion Deal to Create Sky Europe

BSkyB is paying £4.

Tesco Chief Exec to Step Down

Britain's biggest retailer, Tesco, have announced that Chief Executive Philip Clarke will step down in the later part of 2014.

Cost of Living in UK Rises, Affects Young People

It has been reported that UK inflation rose much faster than expected in June, with consumer prices expanding by 1.

Italy's GTECH to buy IGT for $6.4 Billion

GTECH, Italy's lottery operator, said it will buy Las Vegas-based slot machine maker International Game Technology (IGT) for $4.

Google Launches Venture Capital Fund to Invest EU Tech Companies

Google will be launching a $100 million (£58 million) venture capital fund to invest in promising European technology companies.

Whirlpool Enters into Agreements to Acquire Majority Interest in Indesit

Whirlpool Corporation (NYSE: WHR) and Fineldo S.

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.

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.

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.

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.