FT.com - Companies, Europe
FT.com - Companies, Europe


Ferrovial objects to BAA break-up plan
Spain's Ferrovial said a proposal by UK regulators to break up its subsidiary BAA would lead to poorer standards of services and a delay in the delivery of new runways. But investors were initial cheered by the prospect of a lighter debt load

Ericsson and STMicro form mobile venture
Ericsson and STMicroelectronics announced the formation of a joint venture that will supply semiconductors and other technology to mobile phone manufacturers

Mecom faces 'challenging' market
The newspaper group reported a 3 per cent fall in like-for-like operating profits and said it planned to transform its business model

General Dynamics takes over Jet Aviation
General Dynamics, the US defence group and maker of Gulfstream business jets, is taking over Zurich-based Jet Aviation for SFr2.45bn ($2.25bn)

Xstrata suspends ferronickel mine
Xstrata said it had shut down a ferronickel mining and processing operation in the Dominican Republic for at least four months due to soaring energy costs and lower nickel prices

NOL hints at keeping Hapag-Lloyd brand
Neptune Orient Lines could retain the Hapag-Lloyd brand name after a takeover, the Singapore-based container carrier's chief executive has hinted, as it tries to calm German hostility to a potential deal

3i in deal to take over Acciona's funeral operator
UK-listed private equity group, 3i, plans to re-enter the European funeral services market following a deal to acquire a 75 per cent stake in Spain's Memora Inversiones Funerarias

Schaeffler bid sparks shareholder outcry
A German shareholder lobby group urged Berlin to improve regulation of capital markets amid rising investor irritation about "creeping takeovers" such as Schaeffler's hostile move on Continental, the car parts and tyre maker

Venetian buzz to spread to Murano
The Venetian island of Murano, where for a thousand years native craftsmen have passed on from father to son the art of blowing and shaping glass, is on the verge of a transformation

Rising rail demand pulls Deutsche Bahn ahead
Record petrol prices appear to have spurred hundreds of thousands of Germans to ditch their cars for the train, a trend that has buoyed state railway Deutsche Bahn ahead of this autumn's flotation of its train operations

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