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Europe News Netherlands

  • European stocks rose slightly Tuesday, snapping a three-day losing streak, as investors embraced some upbeat earnings reports from the likes of Swiss Reinsurance and U.K. retailer Marks & Spencer.

  • European shares declined for a third straight session on Monday, with banks again topping the losers' list as Citigroup's warning of loan losses sparked fresh worries over the impact of credit market woes.

  • Global banks are going to take far longer than previously imagined to clear away debris left by a receding tide of U.S. subprime mortgages which has played havoc with balance sheets, a top investment banker said on Monday.

  • Shares in British bank Barclays fell heavily in morning trade Friday and were among the biggest losers in Europe on market talk of funding worries and concern that Britain's third-biggest bank was guiding down numbers.

  • Euro zone factory growth sank to its slowest pace in over two years in October, led by a sharp slowdown in Germany and a contraction in Spain, final figures from a key monthly survey showed on Friday.

  • European bank stocks took a dive on Thursday as fear spread among investors that the U.S. subprime crisis will take another huge chunk out of profits in the fourth quarter.

  • Consumer goods giant Unilever reported a 4.5 percent rise in third-quarter underlying sales on Thursday, and said it was confident of meeting its sales and profit margin targets for 2007.

  • 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.