European Markets
- The FTSE Eurofirst slips after PMI data revealing an unexpected contraction in eurozone business activity in February add to worries about Greece - Alessandro Profumo, former chief executive of UniCredit and one of Italy’s most high-profile bankers, is frontrunner to take over as chairman of the bank - TNT Express shareholders believe a higher than €9 bid will be made by the US logistics company after shares in the Dutch group rose to €10.08 - European equities edged down on Tuesday as the latest Greek bail-out deal left investors unimpressed - Danish jeweller allows retailers to swap unsold for better-selling items as company reports 39% drop in fourth-quarter operating profits - Attempted coup against the world’s biggest water utililty by sales offers a window into the inner workings of France’s grandest boardrooms - Dispute pits Mehmet Karamehmet, Turkey’s richest man, against Alfa Group of Russia and TeliaSonera, the Nordic telecommunications company - TNT Express jumped 60.5% on Monday after UPS launched a ‘highly attractive’ takeover bid for the Dutch mail group - Traders sense a value trade and look to short Hungary’s forint against the currency after sentiment turns towards emerging Europe - Former mentor Henri Proglio orchestrates attempt to oust Frérot, in a tale of intrigue typical of the highly political nature of big business in France
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