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Business

Prada sales soar as it eyes Versace acquisition despite luxury crunch

Robust earnings place the brand in a stronger position to acquire Versace from Capri Holdings.

Business

Shares soar in Just Eat Takeaway.com as Prosus announces acquisition

Prosus already holds stakes in food delivery operations in India, South America, and Southeast Asia.

Business

Italy’s UniCredit beats profit estimate as it continues takeover drive

The bank reported higher-than-expected profit but forecasts a modest revenue slowdown in the year ahead as net interest income falls.

Business

Sabadell Bank raises shareholder payout promise as BBVA eyes takeover

The Spanish lender aims to offer shareholders €3.3 billion, including more than €1bn in buybacks this year.

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Business

Vodafone EU chief: Telecoms barriers can't just be blamed on Brussels

The EU is failing to support large telecoms firms, says one of Vodafone's senior directors, adding that Brussels isn't the prime target for blame.

Business

UniCredit dives in to take minority stake of Italian insurance group

UniCredit has been involved recently in a flurry of dealmaking activity, including a bid for Banco BPM and a raised stake in Commerzbank.

Business

Commerzbank announces share buyback and record earnings

The update comes as the bank is fending off a takeover from Italy’s UniCredit.

Business

Italy’s oldest bank makes multi-billion takeover bid for Mediobanca

The deal could potentially help both Monte dei Paschi and Mediobanca maintain a robust capital position, as well as deliver profits.

Business

IAG emerges as major contender for stake in Portuguese airline TAP

A number of aviation firms, including Lufthansa and Air France-KLM, have also shown interest in the Portuguese carrier but BA owner, IAG, is widely viewed by analysts as the frontrunner.

Business

Sabadell considers move back to Catalonia as BBVA takeover bid looms

The bank did not give a reason for the potential relocation, although it has previously stressed its importance to the Catalan economy.

Business

Getty Images announces merger with rival content firm Shutterstock

The union of the two major content firms comes as artificial intelligence is shaking up the image market.

Markets

US Steel and Nippon file lawsuit after Biden blocks merger deal

The firms accuse the Biden administration of blocking the merger for "purely political reasons".

Economy

Banking mergers are hot - but cross-border deals still face hurdles

High interest rates have allowed banks to build cash reserves for takeovers, although national concerns could be hindering pan-European deals.

Business

Nissan's shares soar on news of potential tie-up with Honda

Japanese car makers Nissan and Honda have confirmed they are in discussion about closer collaboration but denied reports they are to merge.

Business

Germany’s Zalando to acquire rival fashion retailer About You

Zalando says the deal will help it to build a pan-European e-commerce platform.

Business

Shares jump in Italy's Banco BPM after Credit Agricole raises stake

The move from Crédit Agricole could complicate UniCredit's bid to take over the smaller Italian lender.

Business

UK insurers Aviva and Direct Line agree on sweetened takeover bid

The UK insurance firm Aviva has improved on an earlier deal rejected by its smaller competitor Direct Line.

Business

UniCredit takeover could cost thousands of jobs, warns Banco BPM boss

The smaller Italian lender had previously flagged "serious concerns" about the "employment and social impacts" of a potential merger.

Business

UniCredit makes surprise offer for Italian rival Banco BPM

The €10bn offer, which would merge two of Italy’s largest lenders, comes while UniCredit is building up its stake in Germany’s Commerzbank.

Business

Lufthansa reaches deal to secure stake in Italy's ITA Airways

The Italian Ministry of Economy and Finance has revealed that it has reached a deal with Germany's Lufthansa Group for a 49% stake in ITA Airways.