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Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Bernard Arnault, chief executive of parent LVMH.
Ashok Shah, CIO at London and Capital, tells CNBC that banks have been given a ¿free lunch¿ borrowing at very low cost in order to boost their profitability.
UK authorities are probing an allegation that Barclays loaned Qatar money to invest in the bank as part of its cash call at the height of the financial crisis in 2008, which enabled the bank to avoid a UK government bailout.
Nigel Lawson, former Tory chancellor, has urged George Osborne to fully nationalize the Royal Bank of Scotland, attacking the banking industry's bonus culture and what he says are its overrated "star" traders, the Financial Times reports.
French bank Credit Agricole warned on Friday that its fourth quarter results would be battered by 3.8 billion euros ($5.16 billion) in charges as the French bank reels from ill-timed acquisitions from before the 2008 financial crisis.
Germany's Dax index has risen 20 percent over the past year, reaching new five-year highs, even as the economy has slowed in recent months, but analysts say German stocks are still attractive because of the export potential of many of the companies.
Spain's short-selling ban came to an end on Thursday but analysts say that although the lifting of the ban is a sign of improved sentiment, further downward pressure should be expected in the coming weeks.
Spain's ruling People's Party denied on Thursday that Prime Minister Mariano Rajoy and other leaders received payments from a slush fund after a newspaper published what it said were secret party accounts.
CNBC's Simon Hobbs reports on today's market action in Europe, as shares pared losses after a series of earnings weighed on market sentiment.
After a slowdown in the fourth quarter of 2012, Germany's economy seems to be getting back on track and some analysts now believe Europe's largest economy will go from strength to strength in 2013.
Spanish Prime Minister Mariano Rajoy is expected to announce stimulus measures as soon as Friday and the EU looks willing to ease budget deficit targets for Madrid, but it could all be in vain as the debt mounts up, according to an HSBC economist.
There are hardly any jobs, generally low wages and it rains all the time: Not the usual picture that a country wants to portray of its culture or economy. However, U.K politicians are considering launching a negative publicity campaign in Eastern Europe to deter potential migrants from coming to the U.K. in search of jobs.
CNBC's Ross Westgate reports on all the market moving events from Europe.
Structured finance deals of a type last seen before the financial crisis are set to come back in 2013, according to market experts, signaling a return to the credit boom in 2004.
Olly Burrows, senior banks analyst at Rabobank, tells CNBC that the vast amount of legislation brought in after the banking crisis is now affecting credit flow to the real economy.
European markets have opened flat, with a focus on earnings.
Economic hardship has inspired a full range of clandestine entrepreneurship in Spain. The combination of higher taxes and unemployment has pushed desperate Spaniards to convert their apartments and underused lofts and warehouses into jazz clubs, hair salons, restaurants and even flamenco halls.
Paul Walsh, CEO of Diageo, tells CNBC the company are increasing their dividend again by nine percent but continue to see difficulty with consumer expenditure in Southern Europe.
Diageo, the world's biggest spirits maker, reported slowing growth in earnings on Thursday and the CEO told CNBC the Europe market was lackluster.
The man who made some of the boldest contrarian bets in the bond market last year has a new message for investors: get out of supposedly safe government debt now, before it is too late.
The U.K. recovery remains fragile says BT chairman, Michael Rake, adding that weak investments and political instability continue to weigh.
BT chairman, Sir Michael Rake, tells CNBC that the group has improved its financial position and credibility by providing competition in the TV space.
CNBC's Julia Chatterley reports on the resignation of the Cypriot central bank governor, citing long-existing tensions between the governor and the government due to the handling of the island's bailout.