Market Pulse - Europe
EU slaps Mondelez with €337.5m fine
Oreo cookie and Cadbury Dairy Milk parent Mondelez has been fined €337. 5m by the European Commission for hindering trade between European Union countries in order to keep prices high.
Oaktree Capital takes ownership of Inter Milan following €395m default
US investment fund Oaktree Capital revealed it has become the new owner of Italian football champions Inter Milan after the club's holding company defaulted on a €395. 0m payment.
Cazoo reportedly lining up administrators
Cazoo, the online car retailer once valued at over £5bn, looked set to enter administration on Tuesday, according to Sky News.
Richemont names Nicholas Bos as CEO
Luxury goods business Richemont re-established the role of chief executive officer on Friday as the Swiss group continues to navigate a market downturn.
Siemens revenue stable despite fall in orders
Siemens reported relatively stable revenue in its second quarter on Thursday, despite a 12% decline in comparable orders, reflecting a high volume of large orders in the mobility segment.
UBS reports first profit since Credit Suisse takeover
Swiss banking giant UBS announced its first quarterly profit since its takeover of Credit Suisse on Tuesday, sending its shares northward.
Credit Agricole Q1 earnings grow, corporate and investment units outperform rivals
French banking group Credit Agricole said on Friday that first-quarter earnings had grown as its corporate and investment banking units outperformed rivals.
Novo Nordisk posts Q1 beat on strength of weight-loss drug
Danish pharmaceutical superstar Novo Nordisk beat first-quarter profit projections, it reported on Thursday, as demand for its blockbuster weight-loss drugs soared.