Government needs to increase labor flexibility and overhaul its tax system if it is to remain competitive, chief tells CNBC.» Read More
Frans van Houten, CEO of Philips told CNBC that the new affordable care act in the United States is proving beneficial to the sector.
Carrefour said sales at its French hypermarkets returned to growth in the third quarter while China also improved, further reassuring investors.
J Sainsbury, Britain's third-biggest grocer, met forecasts with a pick-up in quarterly sales driven by growth at local convenience stores and online, outperforming rivals including market leader Tesco.
U.K. supermarket WM Morrison on Thursday posted first-half profit below expectations, but Trevor Strain, the chief financial officer told CNBC that it is only "mid-flight" on its journey into two new key growth areas.
Carrefour reported a 4.9 percent rise in first-half recurring operating profit as a sharp improvement in the profitability of its core French business offset weakness in Spain and Italy, and in Asia.
G4S said it would sell businesses and issue new shares to strengthen its balance sheet, allowing its new boss to clean up the company's reputation.
Commerzbank Chief Financial Officer Stephan Engels said the default of Detroit had dented second-quarter earnings, adding that the lender had made "adequate" provisions.
Underlying sales at Nestle grew 4.1 percent in the first half, missing forecasts and lagging growth of rivals Danone and Unilever, as price erosion continued in Europe.
Global miner Rio Tinto signaled it has given up hope of ditching its Pacific Aluminium business, as it reported an 18 percent drop in first-half underlying earnings.
Credit Agricole reported a more than twelve fold gain in quarterly profit on Tuesday from a year-ago period, depressed by Greece and Italy-related provisions.
Goldman Sachs said Wednesday that it will make some changes to its commodities warehousing business to assuage concerns that the warehouses are limiting aluminum supplies.
German business morale improved in July, figures from the German Ifo institute released on Thursday showed.
Economic activity in the euro zone expanded in July, purchasing managers index (PMI) readings showed on Wednesday, marking the first uptick for business activity since January this year.
Swatch's chief executive said on Tuesday he did not care about the company's falling share price, stressing he is "quite bullish" on growth for the company.
Vodafone posted an as expected first-quarter 3.5 percent drop in its key organic service revenue as increasing competition in Germany and Italy wiped out improvements in India.
In the first big day of earnings in Europe there was one word on every CEO's lips: China.
Publicis CEO Maurice Lévy said on Thursday that growth in U.S. ad spending and digital had helped the company's sales accelerate in the second quarter.