CNBC's Simon Hobbs reports on all the market moving events in Europe today, including short covering in the euro, and losses in euro zone bonds.» Read More
German media conglomerate Bertelsmann increased its operating profit by 16% in 2006, driven by a surge at broadcaster RTL Group, it said in a statement on Wednesday.
Metro, Germany's biggest retailer, said Wednesday that full-year net income almost doubled as recently acquired businesses contributed to earnings for the first time and the company sold its remaining stake in the Praktiker home improvement chain.
Here some of Tuesday's big movers on European stock markets:Whitbread, Storebrand, Iberia, ABN Amro, Barclays, Friends Provident, Technical Olympic and Deutsche Post.
We are on the verge of marking the 50th anniversary of the European Union -- taking as its birth the Treaty of Rome -- and politicians will spend this weekend in Berlin toasting the treaty.
German producer price inflation dropped to its lowest level in more than two years last month, helped by lower oil and energy prices, according to government figures released Tuesday.
Deutsche Post's fourth-quarter net profit fell by around a quarter, the German mail and logistics company said Tuesday, hurt by a cut in its stake in the country's biggest retail bank, Deutsche Postbank.
Ranbaxy Laboratories is no longer in the running to buy the generic drug business of Germany's Merck, India's CNBC TV18 reported Tuesday. Ranbaxy withdrew from the second round of bidding for the business, the television station said.
Deutsche Postbank said Monday that fourth-quarter profit more than doubled.
Germany's TUI unveiled a tie-up of its tourism unit with Britain's First Choice on Monday to boost its position as Europe's biggest travel firm in the face of new challenges from merging rivals.
Vivendi's Universal Music has offered major sell-offs to win Brussels' approval for its purchase of BMG Music Publishing, creating the world's largest music publisher, a source familiar with the case said.
Here some of Wednesday's big movers on European stock markets: Kingfisher, Carrefour, J. Sainsbury, HBOS, RBS, Deutsche Bank, SEB, Skanska and Holcim.
Two former managers of German industrial group Siemens denied charges of breach of trust and bribery but acknowledged making payments to employees of Italy's Enel to secure gas-turbines contracts.
Power supplier Enel said Monday it has signed a share swap deal with merchant bank Mediobanca to buy a further 2.98% of sought-after Spanish electricity company Endesa.
Volkswagen, Europe's largest automaker, said Friday its fourth-quarter profit nearly tripled on strong vehicle sales.
Here some of Wednesday's big movers on European stock markets: Alliance Boots, WM Morrison, Sainsbury, Tesco, Volkswagen, EADS, Xstrata and Deutsche Postbank.
Germany's trade surplus grew more than expected in January after a surprisingly big drop in imports, Federal Statistics Office data showed on Friday.
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.