The CEO of Royal Bank of Scotland told CNBC that the bank's $95.7 billion bid for Dutch Bank ABN Amro is more attractive than Barclays' rival bid because it offers a higher premium and will result in fewer lost jobs with more market synergies.
A consortium led by Royal Bank of Scotland launched a 71.1 billion euro ($95.7 billion) bid for Dutch group ABN AMRO, trumping Britain's Barclays in a battle for the world's biggest bank takeover.
A consortium led by the Royal Bank of Scotland seeking to buy ABN Amro is keeping all options open on a possible offer and will clarify its position on Sunday, consortium member Fortis's chairman said.
Dutch food retailer Ahold reported a slight dip in first-quarter group sales on Friday, in line with market expectations, but analysts said underlying sales growth boded well for a recovery.
Belgian bank KBC Group said it has acquired 92.5% of Russian bank Absolut for 761 million euros ($1.03 billion), subject to regulatory approval by the Central Bank of Russia.
The Belgian government agreed on fresh budgetary measures to cut pollution and counter climate change, yet kept its overall 2007 target on a surplus of 0.3% of gross domestic product.
Here some of Friday's big movers on European stock markets: Boehler-Uddeholm, Verbund, Thomson, Bekaert, Imperial Tobacco, Unilever, TUI, Dexia and Pirelli.
InBev, the world's largest brewer by volume, said Thursday fourth-quarter profit more than doubled as the company increased sales across all regions except Western Europe
A court on Tuesday ruled in favor of Belgian newspapers that sued Google, claiming that the Web search Internet search leader infringed copyright laws and demanded it remove their stories.