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.
Profit at the bank beat forecasts by several measures but bottom-line earnings disappointed.
French consumer price and GDP growth disappoint, while German indicators continue to pick up pace.
Pharma group Sanofi rises on improved guidance and RBS gains after a third-quarter profit beat.
Shares in the lender rise more than 4% in early trading.
The buyer sees synergies of $500 million from the combination within two years.
The above-forecast results come two days after merger partner DuPont topped profit expectations.
Third-quarter growth of 0.5%, compared with expectations of 0.3% expansion, make an interest rate cut from Bank of England Governor Mark Carney next week unlikely.
Nokia falls 7% as the CFO quits and third-quarter mobile equipment weakness echoes Ericsson woes.
Shares erase early gains after news of an unexpected third-quarter net profit.
Decade-long board veteran Ekholm, a former CEO of the group's leading shareholder, will replace Frykhammar in January.
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