Business  October 30, 2014
Technip sales up despite caution among oil industry players
This picture taken on July 3, 2009 shows the logo of Technip, a French group providing services to the oil industry, in the Business district of La Defense, outside ParisFrench oil services group Technip on Thursday reported soaring sales even though weak petrol prices have forced energy giants to be cautious about future investments.The engineering group, which provides engineering services to oil and gas giants such as Total, BP or Shell, said sales rose 17.8 percent to 2.82 billion euros.Net profit slid to 12.3 ...  Full Story
Jaguar Land Rover opens $800 mn factory in Britain
A Jaguar XE car is presented at the Paris Auto Show on October 3, 2014British luxury car manufacturer Jaguar Land Rover on Thursday opened a $800 million engine manufacturing centre in the Midlands, creating 1,400 jobs.The business, owned by Indian giant Tata Motors, will now manufacture in-house engines for new Jaguar Land Rover products, starting with the 2.0-litre diesel in the Jaguar XE, ending its current relian...  Full Story
Russian court orders seizure of oligarch's oil stake
Vladimir Yevtushenkov (C), president of Russian holding company Sistema receives a welcome plaque from  Clara Furse (C, R), the Chief Executive of the London Stock Exchange surrounded by traders after opening trading in London 14 February 2005A Moscow court on Thursday ordered the nationalisation of a stake in an oil firm held by a detained oligarch, raising concern about signs of a state-orchestrated grab of assets.A judge at Moscow's Arbitration Court ordered the return to the state of the stake held by billionaire Vladimir Yevtushenkov's holding firm Sistema in oil company Bashneft.T...  Full Story
Lenovo closes deal to buy Motorola from Google
A logo of Chinese computer giant Lenovo is displayed in Hong Kong on February 13, 2014Lenovo announced Thursday it has completed its acquisition of Motorola Mobility from Google, a move strengthening the Chinese giant's position in the smartphone market.The $2.9 billion deal, announced in January, ends Google's brief ownership of the onetime mobile phone star.By adding Motorola, Lenovo positions itself among the top global smartphon...  Full Story
Banking shares pull Lisbon stocks down more than 3.0%
People walking past the BES (Espirito Santo Bank) headquarters in Lisbon, August 7, 2014 Portuguese banking shares fell sharply during trading on Thursday, pulling the overall Lisbon stock index down more than 3.0 percent on renewed concern about the eurozone economy, traders said.In mid-day trading, the main PSI 20 stock index was down 3.14 percent to 5,034.22 points, as banking shares in Greece also slumped.Shares in BCP bank, the on...  Full Story
Athens stock market down 3.6%, bank index plunges 7.3%
A Greek flag waves outside the Athens stock exchange on April 10, 2014. The stock market sank 3.6 percent in early trading October 30 2014 over concern about the state of the economyThe Athens stock market fell 3.6 percent in trading on Thursday, with the banking index plunging 7.3 percent over concern about the state of the Greek economy.The stock market has been under pressure since three Greek banks were found to be short of capital on Sunday under stress tests of eurozone banks by the European Central Bank.The banks found ...  Full Story
Alcatel-Lucent surprises with recovery gains, shares jump
A picture taken on October 8, 2013 in Rennes, western France, shows the logo of French-US telecom-equipment maker Alcatel-Lucent on the facade of the RennesTelecommunications equipment group Alcatel-Lucent, fighting back from a series of crises, surprised with the extent of its success in cutting losses, in quarterly results on Thursday.The price of shares in the company, a leading provider of Internet and mobile phone technology, shot up by 9.15 percent to 2.23 euros in early trading.That compared wi...  Full Story
Shell posts mixed third-quarter earnings
The Shell logo outside a Shell petrol station in central London. Royal Dutch Shell posts mixed third-quarter earnings as it weathers sliding oil prices and is buoyed by improved capital efficiency and strong project deliveryRoyal Dutch Shell posted mixed third-quarter earnings on Thursday, as it weathered sliding oil prices but was buoyed by improved capital efficiency and strong project delivery.The Anglo-Dutch energy major also announced the appointment of Charles Holliday as chairman. Holliday, who previously held the same role at Bank of America, will take over fr...  Full Story