Peter Dixon, senior economist at Commerzbank Securities, discusses the latest euro zone flash composite PMI data and says it shows "significant regional differences".» Read More
France's PPR, owner of Gucci and Yves Saint Laurent, said Thursday its 2006 net profit rose 28% on strong momentum in the luxury division and said trading in its retail division in the first two months of 2007 was higher than in the fourth quarter.
Luc Vandevelde resigned as chairman of Carrefour in a shakeup that followed the disclosure that two new shareholders had acquired a nearly 10% stake in the world's second largest supermarket retailer.
Here some of Wednesday's big movers on European stock markets: Telekom Austria, Scania, Resolution, MAN, Iberia, Endesa, Vallourec, Lloyds TSB, RBS and ITV.
French media and telecoms group Vivendi on Wednesday posted an 18% rise in adjusted full-year net profit, pulled mainly by Maroc Telecom and its games, French mobile and pay-TV units.
France Telecom posted a sharp drop in 2006 profits on Tuesday, hit by restructuring and falling prices in top markets, but fuelled speculation it was saving up for acquisitions by keeping its dividend stable.
The French government holds crisis talks on job losses at Airbus on Monday as the ruling right's main candidate in presidential elections heads for Toulouse to build trust with workers on the eve of a strike.
The head of French carmaker PSA Peugeot Citroen told newspaper Le Figaro that job losses were likely to occur at the group.
French insurance giant AXA said Thursday that improving sales in its life insurance and asset management businesses helped lift 2006 profit 18%.
French state-owned electricity giant Electricite de France SA said Wednesday full-year net profit surged 74% as power prices rose across Europe.
Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.
French bank BNP Paribas beat forecasts with a 28.8% rise in fourth-quarter net profit on Thursday, but some analysts expressed concerns over the performance of its French retail banking division.
French state-owned power giant Electricite de France on Wednesday reported a 15% rise in full-year revenue in 2006, due to higher electricity prices throughout Europe.
Dynamic passenger traffic helped Air France-KLM triple its net profit in its third quarter despite a rising fuel bill, the world's largest airline by revenue said Wednesday, confirming its outlook for the fiscal year ending March 31.
Sanofi-Aventis posted higher-than-expected fourth-quarter current operating profit, despite healthcare savings in Europe as well as generic rivalry, and the drugmaker predicted more growth for 2007.
Alcatel-Lucent on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.
France's Defense Ministry said Friday it awarded a 7.9 billion euro ($10.4 billion) contract for nuclear-propelled submarines to state-owned warship builder DCN and nuclear energy group Areva.