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Europe News Netherlands

  • Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.

  • Dutch supermarket group Ahold said on Friday third-quarter sales rose 1.1 percent and it said an ongoing revamp of its stores in the United States would continue to hurt margins.

  • Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.

  • Dutch electrical parts distributor Hagemeyer rejected a breakup offer from French rivals Rexel and Sonepar, although analysts said the French camp remained well placed in its bid attempt.

  • Shell

    Royal Dutch Shell reported an 8 percent drop in third-quarter profit as oil and gas production and refining margins fell, but the underlying result beat all forecasts.

  • German business sentiment deteriorated in October as expected, pointing to a slowdown in Europe's largest economy, a closely watched survey showed on Thursday.

  • Euro zone services growth bounced back much more than expected this month after hitting a two-year low in September, but the manufacturing expansion waned further, a key survey showed on Wednesday.

  • TomTom, Europe's largest maker of car navigation devices, beat average analyst forecasts with a 43 percent rise in operating profit on Wednesday and raised its full-year outlook.

  • The chief executive of online gaming company Unibet Group has been arrested in the Netherlands on a French warrant, the company said Tuesday.

  • Dutch electrical parts distributor Hagemeyer posted third-quarter sales of 1.628 billion euros ($2.31 billion) on Tuesday, just below expectations, adding group organic sales grew 3.2 percent.

  • Dutch chemical group Akzo Nobel said on Tuesday its third-quarter core profit rose 11 percent, supported by its chemical unit and cost cutting at its decorative coatings business.

  • European Union leaders clinched final agreement on Friday on a treaty to reform the 27-nation bloc's institutions, replacing a defunct constitution and ending a two-year crisis of confidence in Europe's future.

  • One Bank of England policymaker wanted to cut borrowing costs this month, but was outgunnned by the other eight who argued new forecasts in November would  provide a better steer on how the economy was faring.

  • Euro zone economic growth will slow this year and next as fallout from the summer's financial market turmoil hits housing and a stronger euro crimps exports, the International Monetary Fund said on Wednesday.

  • Air France-KLM and Delta Air Lines said on Wednesday they would pool revenues and costs on transatlantic flights in a new joint venture that would take effect in April 2008.

  • TomTom, the world's biggest maker of car navigation devices, said on Tuesday US competition authorities had approved its planned takeover of digital map maker Tele Atlas.

  • Dutch Philips Electronics posted a quarterly core profit above analysts' average expectations on Monday, but its key medical systems unit showed a surprise decline in earnings.

  • Better-than-expected earnings from mobile-phone company Sony Ericsson boosted telecommunications stocks in Europe and added to a firm close for the major indexes Monday.

  • trichet2.jpg

    European Central Bank President Jean-Claude Trichet signaled the bank was still biased towards a rate hike, despite calls for action to curb the euro's rise against the dollar.

  • European Union finance ministers agreed on Tuesday to review a slew of financial rules in the light of the summer's credit squeeze that tipped securities markets into turmoil.