Laura Board is The Deal’s international editor. Based in London, she leads a team producing news and features on corporate finance and regulation from Brussels to Brisbane. Board joined the The Deal shortly after its 1999 launch from the Financial Times. Before that, she worked at Bloomberg News in Frankfurt and London and at Retail Week. She speaks French, Italian, German and Spanish.
Better-than-forecast German data was offset by a surprise stagnation in Italy, leaving the overall figures unchanged from a July 29 estimate.
Recently arrived CEO Greco wants to accelerate cost cuts.
Oil continues to slide, while house builders take a battering in the U.K. after a report of slowing house price growth.
The German utility maintains its 2016 forecast but says earnings from trading will be significantly lower.
The target says the $1.3 billion offer is too low, while its suitor gives no indication on whether it plans a sweetener.
The 0.8% month-on-month contraction points to a 0.1% second-quarter decline, Insee says.
The company, which was tainted by the June Orlando night club shooting, says its turnaround program is on track.
The utility stands by its full-year forecast as revenue declines by 11%.
Lloyds emerges as the clear winner in the U.K., while on mainland Europe UBS pulls further ahead of Credit Suisse despite return on equity niggles.
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