Europe

Zuckerberg 'happy' for Facebook to pay more taxes in Europe

Facebook founder and CEO Mark Zuckerberg has accepted that tech giants should pay more tax in Europe.He said he understands people's "frustration" over the issue and added that he would...... [continue reading]

Alstom confirms talks to buy Bombardier's train business

French train company Alstom has that it is in talks with Canada's Bombardier about a possible acquisition of its train business."Discussions are ongoing," Alstom said, adding that no fi...... [continue reading]

Volvo receives Europe’s largest order for electric buses

Volvo Buses has received the largest single order for electric buses in Europe. Volvo Buses will deliver 157 electric articulated buses to Transdev starting in 2020. The buses will operate on a num...... [continue reading]

PPHE Hotel to develop new hotel in Croatian capital

Hospitality real estate group PPHE Hotel has announced plans to develop a new city centre hotel in the Croatian capital of Zagreb through its subsidiary, Arena Hospitality.PPHE has ente...... [continue reading]

Jaguar Land Rover CEO Ralf Speth to step down

Jaguar Land Rover's chief executive Ralf Speth will step down in September after leading the luxury carmaker for a decade.The company said Speth would quit as CEO and executive director at t...... [continue reading]

GSK and Gilead Sciences join race to find coronavirus treatment

Top pharmaceutical companies around the world, including GlaxoSmithKline and Gilead Sciences, are increasingly banding together to try and develop vaccines against the new Chinese coronavirus.... [continue reading]

Galliford Try secures 11 lots in £20bn govt procurement framework

British construction firm Galliford Try has successfully secured a place on 11 lots for the government's £20bn procurement deal for public sector construction.Galliford Try said that the lot...... [continue reading]

Electrocomponents pleased with performance amid 'challenging' markets

Service Distributor, Electrocomponents updated the market on its overall trading for the four months ending 31st January, saying its performance remained consistent with the first six weeks of...... [continue reading]

Gem Diamonds recovers 183 carat diamond from Letseng mine

Gem Diamonds has recovered an exceptional 183 carat white Type IIa diamond from its Letseng mine in Lesotho.The company has also recovered two different high-quality diamonds, one of 89 cara...... [continue reading]

UK wholesaler Booker rations sales of beer and cider amid CO2 shortage

UK wholesaler Booker has begun to ration sales of beer, cider and pop because of a shortage of carbon dioxide gas used in carbonated drinks amid a spike in demand from the recent heatwave and...... [continue reading]

Nestlé to market Starbucks products in deal worth $7bn

Nestlé have been granted perpetual rights to market Starbucks consumer and foodservice products globally, outside of the company’s coffee shops. This transaction provides Nestlé with a strong platf...... [continue reading]

Moneysupermarket to buy Decision Tech for £40m

Price comparison website Moneysupermarket has agreed to buy home communications and mobile phone comparison business Decision Tech for £40m.Mark Lewis, Moneysupermarket Chief Executive...... [continue reading]

Shire’s angioedema treatment fast-tracked by EU and Canada

Shire has gained approval from the EU and Canada for accelerated assessments of its lanadelumab treatment for hereditary angioedema (HAE). The European Medicines Agency has validated...... [continue reading]

Qantas complete first ever Perth to London direct flight

Qantas’ first Perth to London flight has taken off, marking the start of the only direct air link between Australia and Europe – and the fastest way of traveling between the two continents.O...... [continue reading]

Taylor Wimpey makes strong start to 2018

Taylor Wimpey said it has made a good start to 2018 as the housebuilder reported a rise of more than 10% in underlying annual profit. Pre-tax profit before exceptional items for...... [continue reading]

Heathrow reports 15th consecutive record month for passengers

Britain's primary air hub reported a flying start to the year on Monday, with 5.8 million passengers passing through Heathrow Airport in January. The hub's owner, Heathrow Airport Ho...... [continue reading]

Redrow report record interim results

UK house builder Redrow has posted record interim results, with profit and revenue up as completions rose amid robust demand. In the six months to the end of December 2017, pre-tax p...... [continue reading]

Rio Tinto receives offer for Aluminium Dunkerque

Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500 million. In accordance with French law, Rio Tinto will launc...... [continue reading]

Unibail-Rodamco to acquire Westfield for $24.7bn

Unibail- Rodamco is acquire Westfield and create the world’s premier developer and operator of flagship shopping destinations. The proposed transaction has been unanimously recommended by Westfield...... [continue reading]

Sappi expands European presence

JSE listed Sappi Limited, a leading global producer of dissolving wood pulp, speciality and packaging papers, graphic (printing and writing) paper and biomaterials, has signed an agreement to acqui...... [continue reading]

Ryanair succumbs to CAA demands

Irish budget airline Ryanair has agreed to comply with demands made by regulators to inform customers of their full compensation rights after it cancelled thousands of flights in recent weeks.... [continue reading]

Flybe announce £20m loss as capacity exceeds demand

Regional airline Flybe announced a £20m loss in what has been a turbulent year for the carrier. Flybe reported a pre-tax loss of £19.9m in the year to 31 March, despite revenues ri...... [continue reading]

Spire Healthcare opens new hospital in Nottingham

FTSE 250 private hospital group Spire Healthcare has opened a new hospital in Tollerton, South Nottingham, following successful registration with the Care Quality Commission. The 58-b...... [continue reading]

Qantas to fly direct from Perth to London

Qantas is set to add to its list of aviation firsts, with the national carrier confirming it will operate non-stop flights from Perth to London using the 787-9 Dreamliner. The 14,498...... [continue reading]

GE and Baker Hughes to create new oilfield technology services company

GE has agreed to merge its oil and gas business with Baker Hughes to create a new oilfield technology services company creating annual revenues of $32bn from providing physical and digital technolo...... [continue reading]

Gina Rinehart invests $395m in UK fertiliser business

Gina Rinehart’s Hancock Prospecting has invested AU$395M in a natural fertilser business, owned by UK based Sirius Minerals. Sirius is developing the North Yorkshire Polyhalite...... [continue reading]

Heathrow Airport expansion approved by Ministers

The UK government has agreed to expand Britain’s airport capacity by approving a third runway at Heathrow Airport. Transport Secretary Chris Grayling called the decision "truly momen...... [continue reading]

Mondi set to expand its presence in Eastern Europe

International packaging and paper Group Mondi has signed an agreement to acquire 100% of Russian packaging company LLC Beepack for €41m. Beepack's plant in Lebedyan (400 km south of...... [continue reading]

Volvo Cars and Uber join forces to develop autonomous driving cars

Volvo Cars and Uber are to join forces to develop next generation autonomous driving cars. The two companies have signed an agreement to establish a joint project that will...... [continue reading]

Amplify Snack Brands purchase UK crisp maker Tyrrells

American based Amplify Snack Brands, who’s best known brand is SkinnyPop has purchased UK crisp maker Tyrrells for £300m. Under the terms of the deal, Tyrrells' current owner Investc...... [continue reading]

Chief Executive of Moneysupermaket.com steps down

Moneysupermarket.com Chief Executive Peter Plumb has announced his intention to step down as Chief Executive of the Group. This will happen on or before the Group's AGM in May 2017, to ensure smoot...... [continue reading]

Qatar Airways increases stake in BA owned IAG

Qatar Airways has announced that it has increased it's holding in British Air...... [continue reading]

Experian unaffected by Brexit as revenues increase

Information services firm Experian have issued a trading update, with total revenue growth of 5% at constant exchange rates in the three months to 30 June and 1% a...... [continue reading]

Ascendis Health increases it's European presence

Ascendis Health have bolstered their international growth strategy with the announcement of separate acquisitions of two major European health and care businesses, Remedica Holdings and Scitec Inte...... [continue reading]

Mondi Group signs an agreement to acquire Uralplastic

Mondi Group has signed an agreement to acquire 100% of Russian company ZAO Uralplastic-N ("Uralplastic") from Joint Stock Company Rusnano and a private investor. Uralplastic operates...... [continue reading]

Balfour Beatty awarded £170m Heathrow Airport contract

International infrastructure group, Balfour Beatty has been awarded a £170 million contract to upgrade baggage screening and handling systems at Heathrow Airport. The project, w...... [continue reading]

Smart Metering Systems sign agreement with First Utility

Smart Metering Systems (AIM: SMS.L), an integrated metering services company that connects, owns, operates and maintains over one million current generation smart meter and data assets in the UK, h...... [continue reading]

Spectris completes Capstone acquisition

FTSE 250 precision instruments maker Spectris has completed the acquisition of the software and associated assets of the privately-held US company Capstone Technology Corporation ("Capstone") for a...... [continue reading]

South Africa's Imperial acquires UK based Palletways Group

Imperial Mobility International, a wholly-owned subsidiary of listed Imperial Holdings, has acquired UK-based Palletways Group and its subsidiaries for £162.9 million (R3.7 billion), subjec...... [continue reading]

Ascendis Health to make two major international acquisitions for R7.3 Billion

Ascendis Health (JSE: ASC) have announced the separate acquisitions of two major European health and care businesses, Remedica Holdings and Scitec International, as the group’s international g...... [continue reading]

Quixant signs multi-year contract with Ainsworth Game Technology

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, has signed a multi-year contract with Ainsworth Game Technology (ASX...... [continue reading]

Qatar Airways increases it's stake in IAG

Qatar Airways has increased its shareholding in International Consolidated Airlines Group (IAG) to 15.01%. Qata...... [continue reading]

Vodafone returns to growth

Vodafone's organic sales have returned to growth and beat expectations after a strong performance in the fourth quarter, hiking the final dividend 2% to celebrate completing its Project Spring...... [continue reading]

BT to invest billions on Fibre Broadband, 4G and Customer Service

BT is to make significant investments to help the UK remain the leading digital nation in the G20. Its Openreach and EE businesses will between them spend around six billion pounds in capital...... [continue reading]

Finnair and Swissport sign contract extension for Helsinki

Swissport International has already been providing ramp handling services for Finnair in Helsinki since December 2011. The companies are now extending their partnership for another five years. Impr...... [continue reading]

Vodafone's mobile money transfer service exceeds 25 million customers

Vodafone's mobile money transfer business M-Pesa has exceeded 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service. ...... [continue reading]

Wood Group awarded TAQA contract extension in the North Sea

Wood Group has been awarded a two year contract extending its service provision for TAQA in the North Sea. Under the contract, which has the option of three, one year extensions, Wood Group PSN wil...... [continue reading]

Wood Group awarded Shell industrial services contract

Wood Group has secured a new three year contract with Shell, to deliver industrial services to the St Fergus gas processing plant in Aberdeenshire and the Mossmorran gas processing plant and Braefo...... [continue reading]

Ryanair launches corporate jet service

Budget airline Ryanair has launched a corporate jet charter service with a Boeing 737-700 customised to...... [continue reading]

Amazon to enter fresh food market with Morrisons

Morrisons and Amazon have announced that hundreds of Morrisons products will be available to Amazon Prime Now and Amazon Pantry customers. Morrisons will provide a wholesale supply service to Amazo...... [continue reading]

Hansford Sensors opens new office in South Africa

Leading UK based manufacturer of industrial accelerometers, Hansford Sensors, is continuing to develop its global business, with the opening of a new office and customer support cent...... [continue reading]

Aston Martin to create up to 4,000 UK jobs

Aston Martin has announced significant new investments towards its long-term future in the United Kingdom. The company has confirmed that St Athan in Glamorgan has been chosen as the location...... [continue reading]

JDR awarded Middle East subsea umbilical contracts

JDR, a leading UK based supplier of subsea umbilicals and power cables to the offshore energy industry, has been awarded two umbilical contracts by McDermott Middle East Inc., for undisclosed opera...... [continue reading]

Liberty Global and Vodafone to merge Dutch operations

Vodafone is to merge with international cable company, Liberty Global in a 50-50 joint venture to create a national unified communications provider in the Netherlands with complementary strengths a...... [continue reading]

HSBC headquarters to remain in the UK

HSBC has concluded its review of the best location for the headquarters of the Group, and has decided to remain headquartered in the United Kingdom. HSBC’s strategy is founded upon supporti...... [continue reading]

British Gas cuts gas prices by a further 5.1%

British Gas is to cut gas prices for customers by 5.1%, becoming the latest company to announce cuts for the start of the year. Commenting on the announcement, Mark Hodges, CEO, Energy Supp...... [continue reading]

BA launches flights from fourth London airport

British Airways is to start flying from Stansted this summer adding a fourth London airport to its network. From May 28 the airline will launch flights to the popular holiday sunspots of F...... [continue reading]

Just Eat expands international footprint

JUST EAT, the world’s leading digital marketplace for takeaway food delivery, has agreed the acquisition of four businesses from Rocket Internet and foodpanda for €125.0 million in aggregate (£94.7...... [continue reading]

Ericsson opens 20,000 square meter Global ICT Center in Sweden to drive innovation

Ericsson has officially inaugurated its Global Information and Communication Technology (ICT) Center in Rosersberg, Sweden. The purpose-built, highly scalable and sustainable facility reflects Eric...... [continue reading]

Reliable performance leads McFadyens to treble its Bell ADT fleet

Scottish civil engineering firm McFadyens Contractors has renewed its relationship with Bell Equipment with the purchase of two Bell Articulated Dump Trucks (ADTs). The latest machines – a...... [continue reading]

Orion Health boosts offering to largest health provider in UK

Orion Health has significantly increased its offering to the United Kingdom’s largest healthcare provider, the NHS Greater Glasgow and Clyde Health Board (NHS GGC). The publicly funded NHS...... [continue reading]

Australia's Wesfarmers buys Homebase for £340m

ASX Listed Wesfarmers Limited has entered into an agreement to acquire Homebase from Home Retail Group for £340 million (A$705 million). Homebase is the second largest home improvement and garden r...... [continue reading]

Airbus achieves record aircraft sales in 2015

Airbus has exceeded sales targets for 2015, achieving a new record of 635 aircraft deliveries for 85 customers of which 10 are new. These deliveries comprise: 491 A320 Family aircraft; 103 A33...... [continue reading]

Just Eat delivers tasty growth

Leading digital takeaway food delivery group, Just Eat has seen growth in the number of online takeaway orders grow strongly in the last 12 months, rising to 57% from 52% in the first half of the y...... [continue reading]

Majestic Wine reports big jump in Christmas sales

The UK's largest wine specialist, Majestic Wine PLC has announced that total sales growth was 42.6% for the 10 weeks of Christmas trading from 27th October 2015 to 4th January 2016 compared to...... [continue reading]

Persimmon identifies compelling reinvestment opportunities

Leading UK house builder Persimmon has confirmed that they opened over 250 new development sites across the UK during 2015. The improved land recoveries on legal completions from these new sites, a...... [continue reading]

First gas flows from Shell’s Corrib gas field in Ireland

Natural gas has started to flow from Ireland’s Corrib gas field, marking an important milestone for the country and Shell’s upstream operations. Located 83 kilometres off Ireland’s northwes...... [continue reading]

AA signs three-year contract with Lex Autolease

The UKs largest breakdown service, the AA PLC, has signed a major new B2B partnership contract to provide roadside assistance to Lex Autolease, the UK’s leading fleet management and fleet fund...... [continue reading]

Diageo completes sale of Chateau and Estate wine brands and Percy Fox

Global leader in beverage alcohol, Diageo, has announced that it has completed the sale of its major wine interests, the US based Chateau and Estate Wines and the UK based Percy Fox businesses, to...... [continue reading]

Intertek acquires Food International Trust in Italy

Intertek, a leading quality solutions provider to industries worldwide has announced that it has agreed to acquire Food International Trust ("FIT-Italia"), an Italian company specialising in provid...... [continue reading]

npower to pay £26m for its billing and complaint handling issues

npower has agreed to pay £26m following failures in its billing and complaint handling processes between 2011 and 2014. The money will be paid to domestic customers who have been affected and to pr...... [continue reading]

National Express begins operating its first German rail services

National Express has started rail operations in Germany for the first time as the company begins running services on the Rhine Munster Express (RME). National Express became the first Briti...... [continue reading]

Shell to build solvent deasphalter unit at Pernis refinery in the Netherlands

Shell has announced it has taken the final investment decision to build a major new unit at the Pernis refinery in Rotterdam, the Netherlands. The solvent deasphalter (SDA) unit will remove heavier...... [continue reading]

Lydian to invest in Armenia Gold Project

Lydian International Limited has announced it has entered into definitive agreements related to a $325 million construction financing package for Lydian's 100%-owned Amulsar Gold Project in south-c...... [continue reading]

Old Mutual appoints former SA finance minister as non-exec director

Old Mutual has announced the appointment of former SA finance minister, Trevor Manuel as a non-executive Director and member of the Board Risk Committee of the Old Mutual Board with effec...... [continue reading]

Department for Transport renews London Midland contract

The Department for Transport (DfT) has announced that train operator London Midland will continue to run services between London, the West Midlands and the North of England until October 2017....... [continue reading]

Balfour Beatty to enhance efficiency of Norfolk Road Network with £104 million road scheme

International infrastructure group, Balfour Beatty, has announced it has been awarded a £104 million road scheme by Norfolk County Council to complete works on the Norwich Northern Distributor Road...... [continue reading]

MySale completes Australasian expansion

International online retailer MySale Group has confirmed the acquisition of three Australasian properties. The UK-based fashion retailer, which operates 15 websites in eight countries, firs...... [continue reading]

BAE Systems wins £1.3bn Ministry of Defence nuclear submarine contract

The UK Ministry of Defence has awarded BAE Systems a contract for the delivery of the fifth Astute Class submarine, taking the total value for work on the vessel to £1.3 billion. The full c...... [continue reading]

easyJet cabin crew to trial wearable technology uniforms

European airline, easyJet has unveiled a world first in airline uniforms on its 20th birthday by incorporating wearable technology into cabin crew and engineers’ uniforms to improve communication a...... [continue reading]

Ryanair announce half year profits rose 37%

European airline Ryanair, has announced H1 profits (pre-exceptions) rose 37% to €1,088m. Traffic grew 13% to 58m as load factor jumped 4% points to 93%. Ryanair’s CEO, Michael O’Leary, sai...... [continue reading]

Naspers Sells its stake in Netretail

South African-based global internet and media company, Naspers Limited, has announced a US$201m transaction to dispose of its holdings in Netretail and Heureka to Czech-based investment firm, Rocka...... [continue reading]

Airports Company South Africa signs sister airports agreement with Munich Airport Group

Airports Company South Africa has signed a strategic Sister Airports Agreement with Munich Airport Group. Airports Company S...... [continue reading]

Wood Group awarded $31 million coalbed methane contract in the US

Wood Group has been awarded a new $31 million contract by Carbon Creek Energy on their coalbed methane asset in the Powder River basin in Wyoming. Wood Group PSN (WGPSN) will deliver operations m...... [continue reading]

Vodafone to expand Partner Market Agreement with MTS Including the launch of its brand In Ukraine

Vodafone and MTS have agreed to extend their strategic partner market agreement and expand the scope of it in Ukraine, signifying a deeper relationship between the two companies in the country. Un...... [continue reading]

TWE buys Diageo's wine business in US$600m deal

Treasury Wine Estates has announced that it has agreed to acquire the majority of assets from Diageo Plc’s US and UK wine operations. The cash payment of US$600 million comprises $US552 mil...... [continue reading]

Carillion wins contracts worth £1.7bn

UK infrastructure services, Carillion and Carillion joint ventures have been selected by Network Rail for a number of frameworks and Early Contractor Involvement contracts from which Carillion expe...... [continue reading]

Deutsche Telekom and Inmarsat partner to deliver European Aviation Network

Deutsche Telekom and Inmarsat have announced a strategic partnership bringing unprecedented passenger connectivity to Europe’s aviation industry and its customers. A new innovative, combined LTE-ba...... [continue reading]

Wolf Minerals celebrate the official opening of its Drakelands Mine at the Hemerdon Tungsten and Tin Project

Specialty metals development company, Wolf Minerals Limited has celebrated a defining milestone in the United Kingdom’s mining industry with the official opening of the Drakelands mine constructed...... [continue reading]

Aggreko acquires Canadian temperature control business ICS Group

Aggreko has announced that, it has entered into an agreement to acquire substantially all of the assets associated with, and used in connection with, the equipment rental business of ICS Group, Inc...... [continue reading]

Carillion wins £4.1bn UK Government contract

Carillion is one of only three companies to be selected for all three “Lots” in the UK Government’s new Facilities Management Services agreement, namely, Total Facilities Management, Hard Facilitie...... [continue reading]

Michelmersh Brick Holdings names new joint CEO's

Building materials and landfill company Michelmersh Brick Holdings has named Frank Hanna and Peter Sharp as the joint chief executive officer. The London-listed group said that its current...... [continue reading]

Airports Commission recommend new runway at Heathrow

Britain should build a third runway at London's Heathrow Airport, a government-appointed commission into the country's airport capacity said in a report set to create a political headache for Prime...... [continue reading]

Rolls-Royce wins Finnair servicing contract

Rolls-Royce will provide long term TotalCare engine service support for Trent XWB engines that will power 19 Airbus A350 XWB aircraft to be operated by Finnair.Finnair was the first airline...... [continue reading]

Petrofac lands $900m contract

Oil and gas services provider Petrofac has landed a four-and-a-half year contract with Petroleum Development Oman (PDO) to provide services for its Yibal Khuff project.The total contract val...... [continue reading]

Building Energy awarded South African renewable energy contracts

South Africa has named preferred bidders for the fourth round of a series of renewable energy projects, that will add about 1,000 megawatts (MW) of power to its ailing grid. Africa's mo...... [continue reading]

Boots plans to cut 700 jobs

UK pharmacy chain Boots plans to cut 700 jobs as part of its restructuring programme after facing challenging market conditions.The plan, part of the Walgreens Boots Alliance cost restructur...... [continue reading]

Austal awarded contract to build 70 metre fast crew boat

Global defence contractor Austal has announced it has entered into a contract with Caspian Marine Services Limited of Azerbaijan to construct one 70 metre Fast Crew Boat.The contract is...... [continue reading]

Equinix agrees 2.3 billion pound deal to buy Telecity Group

U.S. data centre company Equinix Inc has agreed to buy British firm Telecity Group in a deal worth 2.35 billion pounds. The deal ends Telecity's pursuit of smaller Dutch firm Interxion Holding...... [continue reading]

Irish airline Ryanair reports big increase in full year profits

Irish airline Ryanair has reported a big increase in full-year profits.Net profit for the year to the end of March rose 66% to €867m (£614m; $948m), slightly ahead of analysts' expectations....... [continue reading]

UK should not fear EU exit says Chairman of JCB

Lord Bamford, the chairman of construction equipment company JCB has said the UK should not fear an exit from the European Union. "We are the fifth or sixth largest economy in the...... [continue reading]

London First members back Heathrow expansion

Members of London First, an influential group of businesses that seek to make London the best city in the world for commerce, have come out resoundingly in favour of Heathrow expansion.A sur...... [continue reading]

Highfield Resources Raises $101 million to develop Muga potash mine

Spanish potash developer Highfield Resources Ltd (HFR: ASX) (“Highfield” or “the Company”) is pleased to announce a placement (“Placement”) to raise approximately A$101 million via the issue of 56,...... [continue reading]

David Cameron wins second term as Prime Minister

Prime Minister David Cameron has won a stunning election victory in Great Britain, overturning poll predictions that the vote would be the closest in decades to sweep easily into office f...... [continue reading]

Delivery Hero to buy Middle East online food service for $589m

Delivery Hero, the global leader in online and mobile food ordering, has announced the acquisition of Yemeksepeti in a transaction valued at US$589 million. This is the largest acquisition eve...... [continue reading]

EDF Energy invests during planned maintenance shutdown at Dungeness B

ONE of the two nuclear reactors at Dungeness B power station in Kent will be taken out of service on 1 May for a major maintenance programme worth around £30m. Dungeness B’s other reactor is due to...... [continue reading]

Britain gives Zimbabwe $72 million to help increase food production

Britain has given Zimbabwe $72 million to help increase food production by rural farmers over the next four years, as the southern African country faces the prospect of poorer harvests this year du...... [continue reading]

ChemChina to buy Italian tire maker Pirelli for €7 billion

China National Chemical Corp (ChemChina) is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion euro ($7.7 billion/5.1 billion pounds) deal that will place one of the symbols of...... [continue reading]

Razrez Arshanovsky open largest coal mine in Russia

A new 167 year life coal mine has opened in Russia.The new Arshanovsky open cut mine, in south eastern Siberia, has set a goal of two billion tonnes of coal extracted over its mine life, at...... [continue reading]

Fonterra commissions new ingredients plant in the Netherlands

New Zealand-based Fonterra Co-operative Group Limited has commissioned its new dairy ingredients plant in Heerenveen, in the north of the Netherlands.The plant produces whey and lactose spec...... [continue reading]

Vestas wins 48 MW order in Poland, strengthening market-leading position

Vestas has received a firm and unconditional order for 24 V110-2.0 MW turbines for the Mycielin wind power project to be located in western Poland. The order was placed by Polenergia S.A., the larg...... [continue reading]

Ryanair raises profit forecast ahead of 30 year anniversary

Ryanair is planning the next big upgrade of its mobile app for April as it seeks to build on its ‘always getting better’ passenger proposition.The disclosure came as the Irish low-cost carri...... [continue reading]

German Unemployment Falls to Record Low

German unemployment fell for a third month in December to a record low, signaling that growth in Europe’s largest economy will accelerate in 2015.The number of people out of work fell a seas...... [continue reading]

Tesco to announce supplier contract revamp

British supermarket chain Tesco will on Thursday announce drastic changes to supplier contracts and job cuts to help rebuild its reputation after an accounting scandal and four profit warnings last...... [continue reading]

BT enters into exclusive negotiations to acquire EE

BT Group plc (BT) announces that, further to its statement on 24 November 2014, it has entered into an exclusivity agreement with Deutsche Telekom and Orange in relation to BT’s possible acquisitio...... [continue reading]

Vestas receives order for largest wind power plant in Africa

Vestas has received an order for 365 V52-850 kW turbines for the 310 MW Lake Turkana Wind Power project in Kenya. The order is the largest in Vestas’ history i...... [continue reading]

Wood Group secures major BP contract

Wood Group has been awarded a five year contract with an estimated value of $750million from BP. Under the contract Wood Group PSN (WGPSN), will deliver engineering, procurement and construction se...... [continue reading]

Airline Profitability Improves with Falling Oil Prices

The International Air Transport Association (IATA) announced an outlook for improved industry profitability in its Economic Performance of the Air Transport Industry report. Airlines are expected t...... [continue reading]

German utility E.ON to split to focus on renewables, grids

Germany's top utility E.ON said it would split in two, spinning off power plants to focus on renewable energy and power grids, in a dramatic response to industry changes that could trigger similar...... [continue reading]

Santander names new CEO

Santander (SAN.MC) chief Ana Botin has overhauled the management of the euro zone's biggest bank (SAN.MC) , turning the page after her late father's 28-year leadership and giving the Spanish l...... [continue reading]

Belarus & Austria working on joint business projects worth over $700m

Belarus and Austria are developing joint business projects worth more than $700 million, First Deputy Chief of the Council of Ministers Office, the head of the Secretariat of Prime Minister Alexand...... [continue reading]

Steinhoff to buy 92% stake in Pepkor for $5.7bn

South African furniture firm Steinhoff International said on Tuesday it will buy a 92% stake in clothing retailer Pepkor, in a $5.7 billion cash and share deal that gives it exposure to the fast-gr...... [continue reading]

Dairy Crest agrees to sell its Dairies operations to Müller UK & Ireland Group

Dairy Crest has recently announced that it has agreed to sell the assets of its Dairies operations to Müller UK & Ireland Group (“Müller”) for a consideration of £80 million payable in cash on comp...... [continue reading]

INEOS Plans £2.5 billion shale gas giveaway

INEOS, one of the world’s largest chemicals company, has recently announced plans to give 6% of its Shale gas revenues to homeowners, landowners & communities who live above its Shale gas operation...... [continue reading]

EU budget talks drag on past deadline

Cost-conscious EU governments and a more generous-minded European Parliament failed to reach an eleventh hour agreement for the bloc's 2015 budget late Monday, forcing officials to draw up a new pr...... [continue reading]

IKEA Buys Second US Wind Farm

The IKEA Group has announced that it has purchased its second wind farm in the United States from Apex Clean Energy: a 165-megawatt wind farm in Cameron County, Texas. This represents the sing...... [continue reading]

Eurostar celebrates its 20th anniversary with the unveiling of its new e320 train

In the last two decades Eurostar has revolutionised cross-channel travel, providing a swift, seamless link between the UK and mainland Europe. With passengers increasingly choosing high speed rail...... [continue reading]

Spanish company opens $26m wind turbine facility in South Africa

GRI Renewable Industries, wind industry division, opened its new wind tower factory in Atlantis, Cape Town, South Africa. The project provides employment to over 200 people, supplying the South Afr...... [continue reading]

Telekom Austria, Telekom Slovenije in Macedonia mobile merger

Proposed tie-up will create country's largest mobile operator with a market share of 51.7%. Telekom Austria and Telekom Slovenije plan to merge their mobile operations in Macedonia, t...... [continue reading]

ETIHAD AIRWAYS PARTNERS UNVEILED

Etihad Airways has unveiled Etihad Airways Partners, a new brand which brings together like-minded airlines to offer customers more choice through improved networks and schedules and enhanced frequ...... [continue reading]

Shortlist for Northern and TransPennine Express rail operators revealed

Three companies have been shortlisted to run the Northern franchise and three are being considered for the TransPennine Express franchise. Train companies that are in the running to...... [continue reading]

Swedish pharma company Media buys Rottapharm

Sweden's specialty pharma company Meda has forged a deal to buy its Italian rival Rottapharm for 21.2bn kroner ($3.1bn). Meda said the deal would expand its portfoli...... [continue reading]