Allianz leads service station buyout

Terms of Tank & Rast’s sale not disclosed

UK begins process of selling RBS stake

Initial tranche of £2bn of shares to be placed with institutions

Exploration well, Taq Taq

Kurds to begin regular oil payments

Announcement boosts operators’ share prices

French centre probes mystery of MH370

Military facility examines wing part found on island of Réunion

‘Whoever says he only has success is lying’: Mondragon’s Javier Sotil
©Alfredo Caliz

A balance between solidarity and survival

What Basque co-op Mondragon learnt from failure of a key unit

Exor wins battle for PartnerRe

Agnelli-controlled company scuppers Axis Capital’s merger plans

Europe’s banks need coherent business mix

Investors want to see a long-term plan, not a list of operations

Auditors go high-tech to win new business

As competition hots up, firms are turning to data analytics

Strong Latin America sales boost Heineken

Dutch brewer lifts first-half profits despite Africa instability

Renewables risk overpowering the market

Falling costs mean groups may be victims of their own success

Carmakers agree €2.8bn Nokia Here deal

Acquisition is attempt to head off Silicon Valley rivals

Commerzbank profits driven by retail unit

German lender touts turnround and reiterates dividend pledge

Commodities fall hits capital expenditure

S&P predicts spending will fall more than 10% this year

ITV Studios in focus as audience share falls

Some of the biggest flops produced in-house

UniCredit chief explores strategy options

Italian lenders brace for results of European health check

Enoc boosts offer for Dragon Oil

Cash bid raised for 46% of Turkmenistan-focused explorer

Illycaffè sells €70m bond to fund growth

Italian family business adapts to rapid industry consolidation

Centrica CEO plots a reversal of fortune

Oil man Iain Conn to pull back energy group’s upstream business

Hester to strengthen hand as Zurich circles

UK insurer’s chief to show turnround efforts bearing fruit as Swiss suitor considers making offer

Ralph Hamers, ING: Down-to-earth digital

Dutch banker is borrowing much from tech, but not its hyperbole

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