Telecom Italia Revenue Boosted By Latin America
Italy's biggest telecommunications operator Telecom Italia SpA (TI) Thursday said its sales rose in the first half of the year as a decline in its Italian home market was offset by strong growth in Argentina and Brazil.
Beiersdorf Posts 1st Half Sales Rise, Net Profit Down
German maker of personal care products Beiersdorf AG (BEI.XE) Thursday largely confirmed its full year outlook after reporting an increase in sales due to strong performance in developing economies, but lower net profit for the first half year.
WPP Unit Buys Majority Stake in Fortune Cookie UK for Undisclosed Sum
Advertising firm WPP PLC (WPP.LN) said Thursday its global operating network Possible Worldwide, the interactive marketing agency, has acquired a majority stake in Fortune Cookie (U.K.) Ltd. for an undisclosed sum.
U.K. Mulls Nationalizing Royal Bank of Scotland
Senior U.K. government ministers are considering fully nationalizing Royal Bank of Scotland Group PLC (RBS), the Financial Times reports Thursday, without saying where it got the information.
GDF Suez, Partners to Invest EUR1.7 Billion in Cygnus North Sea Gas Field
French power company GDF Suez (GSZ.FR) and its partners will invest up to 1.7 billion euros ($2.07 billion) to develop the Cygnus gas field in the North Sea, the largest discovery in the region in 25 years, the company said Thursday.
UK Hedge Fund Moves Court Seeking Price Hike by Coal India
The Children's Investment Fund Management LLP, a shareholder in Coal India Ltd. (533278.BY), has filed a petition in an Indian court seeking an increase in coal prices by the state-run company.
Adidas Raises Earnings Forecast Amid Olympic Fever
Adidas AG (ADS.XE) Thursday lifted its full-year profit forecast as it bucked an otherwise weak sportswear sector to post strong second-quarter profit, with sales bolstered by its sponsorship of this summer's Olympic Games and Euro 2012 soccer competition.
SocGen CEO: To Give Long-Term Profit Guidance When More Visibility - Report
Societe Generale SA (GLE.FR) Chief executive Frederic Oudea said the French bank would detail its long-term profit guidance only when the lender has more visibility on the economic and regulatory fronts, according to an interview with French business daily Les Echos published Thursday.
Typhoon Saola Weakens After Pounding Taiwan, Killing Three
Debris flows, falling trees and objects have killed at least three people and injured a dozen in Taiwan as of Thursday, after Typhoon Saola swept across the island where financial markets, government offices, schools and most companies are closed due to attendant heavy rain and strong wind.
ING Reviews Strategic Options ING Direct Canada And UK
ING Group NV (INGA.AE) said Thursday is reviews the position and strategic options for ING Direct Canada and UK.