CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Bank of England indicating interest rates in the UK can stay low due to inflation.» Read More
Shareholders in Borsa Italiana voted Wednesday in favor of a change in their rules necessary for a 1.63 billioneuros ($2.19 billion) takeover by the London Stock Exchange to go ahead.
Alitalia shares fell more than 3% Wednesday, following the resignation of Chairman Berardino Libonati after less than six months with the troubled airline.
Italy cannot hold private talks to sell Alitalia, the economics minister said, as the government struggles to decide what to do with the loss-making carrier.
Italian oil and natural gas company Eni said Thursday second-quarter net profit fell 1.5 percent due to an increase in exploration costs and warm weather cutting into demand at its gas and power division.
Air France-KLM declined comment on Tuesday on the latest in a series of newspaper reports that it remains interested in bidding for Alitalia.
Italy may still find a buyer for Alitalia after its auction to sell the company failed, but the government still faces the possibility of having to liquidate the country's flagship airline, analysts and officials said Thursday.
The Italian government said Wednesday that it was pressing on with its troubled plans to privatize Alitalia, with one potential bidder still in the running, but warned it may change its plans as it continues to seek a way to secure a future for the ailing airline.
Clothing tycoon Richard Caring is in talks to buy family-owned Italian fashion house Prada in a deal worth up to 2 billion euros ($2.7 billion), London's Sunday Times reported.
European Union antitrust regulators approved the takeover of Spain's largest utility Endesa by Acciona and Italian utility Enel on Thursday.
The Italian government is studying alternatives regarding the future of the troubled airline Alitalia if the privatization of the company fails, the daily Il Sole 24 Ore said without giving a source.
Parmalat can be sued by shareholders in a suit involving its predecessor company, Parmalat Finanziaria's collapse into bankruptcy in 2003, a judge ruled.
Russian airline Aeroflot pulled out of the bidding for Alitalia on Wednesday, leaving Rome's auction of the unprofitable airline in danger of collapse with just two players left.
The London Stock Exchange is to buy its Italian counterpart for 1.6 billion euros ($2.15 billion), the two exchanges confirmed in a statement on Saturday, the latest step in a global nsolidation of exchanges.
Borsa Italiana has backed a 1.6 billion euro ($2.14 billion) takeover by the London Stock Exchange, said a person close to the situation, bringing closer a deal that could boost the LSE's own bid defenses.
Alitalia's auction risks fizzling out altogether as it enters the final stretch, leaving the Italian government with the bleak prospect of pumping more cash into the unprofitable airline to keep it flying.
French Prime Minister Francois Fillon said in an interview published Friday that decisions on the future of state-owned Gaz de France -- including whether to go ahead with its merger with Suez -- will be made "in the coming weeks."
Four international banks were indicted in Milan Wednesday on charges related to the 2003 failure of the Parmalat dairy empire, Europe's largest corporate bankruptcy.
Big business is on the back burner at the Group of Eight summit. Instead of focusing on concerns about hedge funds, fluctuating currencies and better transparency in financial dealings, the world's eight wealthiest nations are putting their full focus on climate change and watching to see if a new spat between the U.S. and Russia could develop into another cold war.
Italy's Enel, which is poised to take over Spain's biggest utility, will expand its presence in Russia after it beat rivals to buy a one-quarter stake in the Russian wholesale generation company OAO OGK-5 for about $1.52 billion.
England's Premiership soccer players will earn more than 1 billion pounds ($1.97 billion) for the first time next season thanks to television, sponsorship and merchandising deals, a top accountancy firm said on Thursday.