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Financial News
FT.com - European Equties
- BAE flying high as defence cutbacks look less ominous Bid speculation helps London shares stay positive and to extend winning streak
- Strong earnings drive Europe's carmakers European equities had their biggest weekly gain for eight weeks as the region's carmakers led the way with a strong performance against the backdrop of improving sentiment from more positive global economic data
- Tycoon moves closer to Karstadt takeover German department store chain Karstadt is set to emerge from insolvency after investor Nicolas Berggruen struck a deal with the retailer's biggest landlord and a court approved the restructuring plan
- Italian betting shop operator targets rival Italy's €48bn gambling market could be poised for consolidation after Snai, the country's biggest betting shop operator, received a takeover approach from its rival Sisal
- Roche to cut jobs after setbacks for drugs Roche confirmed speculation about significant job cuts to tailor its spending to tougher market conditions, but said it would not give details until later this year
- ABB chief plugs into the developing world Joe Hogan, chief executive of the Swiss-Swedish electrical engineering group, assesses its differing markets, from US-Europe sluggishness to Asian exuberance
- EADS rises as Paris reassures on A400M European equities held levels attained during the previous session's strong advance on Thursday, with carmakers able to extend their recent strong run
- Swatch suit ratchets up UBS dispute Swiss watchmaker files for SFr30m compensation from the country's biggest bank over an unspecified investment in a UBS absolute return fund made in 2009
- Norske Skog calls for newsprint capacity cuts The world's second-biggest newsprint producer warns that Europe risks falling behind North America in efforts to restructure its paper industry if more radical action is not taken
- Lenders shunned on stress tests doubts Leading UK and continental European companies eschewing banks from Spain, Italy and even Germany because they do not believe the Europe-wide assessments gave a true picture of their financial health
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