Tui to appoint new chief executive Tui to appoint new chief executiveFriedrich Joussen, who led Vodafone's German unit for seven years, will replace Michael Frenzel as the travel group's new head in February 2013
Air France-KLM suffers €895m net loss Air France-KLM suffers €895m net lossShares rise after the Franco-German airline forecast that cost cutting will help improve its performance in the second half of the year
Metro defies tough consumer environment Metro defies tough consumer environmentGerman retailer confirms full-year guidance after revenues rose 2% in the second quarter, helped by growth in eastern Europe and Asia
EDF open to partners on UK nuclear scheme EDF open to partners on UK nuclear schemeState-backed French group seeks to ease investor concerns about the probable expense of the programme to renew Britain's atomic power plants
UBS hit by Facebook loss UBS hit by Facebook lossSwiss bank to take legal action against Nasdaq after taking SFr349m charge related to IPO that dragged its investment banking unit to a loss
BBVA absorbs Spanish provisions BBVA absorbs Spanish provisionsInvestors cheered despite profits halving in second half as the Bilbao-based bank sets aside €1.4bn against bad domestic property loans
Aer Lingus urges rejection of Ryanair bid Aer Lingus urges rejection of Ryanair bidIrish airline predicts that Brussels will block its low-cost rival's third takeover offer in six years over fears it could reduce competition
US distribution costs hit AB InBev US distribution costs hit AB InBevHigher distribution expenses in the US alongside bad weather in the UK and Belgium and regulation costs in Russia see brewer's earnings fall 4%
Alcatel at fault for problems, says chief Alcatel at fault for problems, says chiefBen Verwaayen tells FT that equipment maker was ‘too optimistic' on targets and must overhaul itself to compete in a smaller, less predictable market
Commerzbank to fall short in second quarter Commerzbank to fall short in second quarterLender to take hit from €286m in charges after offloading 96 per cent stake in Ukraine's Bank Forum to Ukrainian Smart Group
Navalny charged with large-scale embezzlement Navalny charged with large-scale embezzlementLeading Russian opposition leader Alexei Navalny calls charge ‘absurd' and claims prosecutors have changed previous accusation
UBS updates Facebook status UBS updates Facebook statusSwiss bank's SFr349m loss incurred as a result of Nasdaq's problems handling social network's listing is far greater than insiders expected