Spain's Telefónica takes the pain

Spain's Telefónica takes the pain

Recovery has necessitated thousands of job cuts, cutting subsidies for handset upgrades, a sharply reduced dividend and disposals

VW looks east with management shake-up

VW looks east with management shake-up

Carmaker looks to strengthen the importance of its fast-growing China subsidiary and accelerate integration of the group's truckmaking businesses

Spain reveals €100bn capital flight

Spain reveals €100bn capital flight

The ECB president presses for the regulation of Europe's most important banks to be taken out of the hands of national supervisors

KPN battles América Móvil bid

KPN battles América Móvil bid

Dutch telecoms group advises shareholders to reject offer from Latin American mobile group, saying premium is not high enough

Gunvor buys second Petroplus refinery

Gunvor buys second Petroplus refinery

Swiss-based trader says it has signed agreement to acquire assets of 100,000bpd Ingolstadt plant and related German marketing activities

Dealer and investor talks over liquidity fears

Dealer and investor talks over liquidity fears

The largest Wall Street securities dealers held talks with institutional investors to discuss concerns over shrinking liquidity and the rise of electronic trading

Executive pay: no super-capitalists

Executive pay: no super-capitalists

As a misnamed ‘shareholder spring' takes shape, it seems bosses are as confused as everyone else when it comes to devising the best pay structure

HMV sells Hammersmith Apollo for £32m

HMV sells Hammersmith Apollo for £32m

Sale to Stage C, jointly owned by Anschutz's AEG and ticketing group CTS Eventim, allows the UK entertainment retailer to focus on restructuring

BP to pursue sale of stake in Russian arm

BP to pursue sale of stake in Russian arm

Oil group confirms receipt of ‘unsolicited' approaches from state company to buy half of troubled joint venture that accounts for 29% of its production

Repsol declares YPF partner in default

Repsol declares YPF partner in default

Despite losing control of Argentine oil company following renationalisation, Spanish group lifts stake to 12% after Eskenazi move
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