Germany's BMW, the world's largest premium carmaker, said on Thursday its 2006 pre-tax profit rose by a quarter to a record 4.124 billion euros ($5.4 billion) on buoyant demand for its top selling 3-Series sedan.
Here some of Wednesday's big movers on European stock markets: Telekom Austria, Scania, Resolution, MAN, Iberia, Endesa, Vallourec, Lloyds TSB, RBS and ITV.
German utility E.On, which is trying to acquire Spain's Endesa in a 41 billion euro ($53.71 billion) deal, on Wednesday reported a 32% drop in net profit in 2006 from the year before, when the bottom line was bolstered by special items.
Shares in Adidas edged lower in Frankfurt on Wednesday after the company posted full-year earnings slightly below analysts' expectations and the order backlog at its Reebok business also disappointed investors.
Volkswagen said Wednesday it has increased its holdings in Swedish truckmaker Scania to more than 35% of the voting rights, in an attempt to pave the way for a friendly alliance with German rival MAN.
The chief executive of DaimlerChrysler, Dieter Zetsche, said it would be difficult to break up Chrysler, as analysts and other experts have speculated recently, due to an integrated production system that binds together its various brands, The New York Times said.
DaimlerChrysler Chief Executive Dieter Zetsche said last month's announcement that all options are on the table for Chrysler has hurt the U.S. car maker's sales, CNBC's Phil LeBeau reported. "Yes, we have seen an impact," Zetsche told LeBeau in a 30-minute interview at the Geneva Motor Show.
Enel shares outperformed a falling European stock market on Monday on a report Germany's E.ON could buy shares in its Italian rival as a bargaining tool in their battle over Spanish power firm Endesa.
Private equity buyout firm Silver Lake Partners is interested in buying a part of SAP, Germany's leading business software company, German magazine Wirtschaftswoche reported Monday.
German retail sales fell 1.4% in January from the same month last year as a hefty increase in value-added tax took effect, according to government figures released Friday.
Deutsche Telekom said on Thursday it was seeking acquisitions to fuel growth as Europe's largest telecoms operator blamed fierce competition and staff costs for a 43% drop in annual net profit.
German carmakers BMW and DaimlerChrysler have agreed to co-develop hybrid transmission systems for rear-wheel-drive premium cars, they said on Thursday.
Germany's Cabinet on Wednesday approved a plan to ban smoking on public transport and in federal buildings, but left open the possibility of special rooms being set aside for smokers.
Germany's unemployment rate fell in seasonally unadjusted terms to 10.1% in February from 10.2% the month before, the country's Federal Labor Office said Wednesday, a sign that companies continued to hire more workers.
Volkswagen said Tuesday it has increased its stake in German truckmaker MAN to nearly 30%, a move that would give it a better say in guiding the company toward a friendly alliance with Swedish truckmaker Scania.
Consumer confidence in Europe's biggest economy fell despite Germany's economic upswing, as higher value-added tax discouraged spending, according to a forecast of consumer sentiment for March.
German business sentiment for February dipped further than analysts’ expectations, with the retail sector showing the bulk of the weakness, according to the Ifo economic research institute’s data released Friday.
Germany's budget deficit in 2006 fell even lower than predicted to 1.7% of gross domestic product, a government agency said Thursday.
Broadcaster proSiebenSat.1 said Thursday its fourth-quarter profit was up 17% because of increased advertising but the figure was still shy of what analysts had expected.
Insurer Allianz on Thursday said fourth-quarter profit rose 57% as fewer claims were made.