Air France-KLM has refused to take up its share of the cash call

Italian airline Alitalia received less than two-thirds of the €300 million it was seeking in an emergency cash call, and said it expected to raise the(...)

An Alitalia aircraft  approaches to land in Rome. The loss-making Italian airline risks having to file for bankruptcy if no deal on a proposed capital increase is reached in a couple of weeks. Photograph: Reuters/Max Rossi

Loss-making Italian airline Alitalia risks having to file for bankruptcy if it fails to agree a deal for a capital increase in the next couple of week(...)

Spain’s Abertis Infraestructuras saw the steepest vehicle volume fall of 9 per cent, while Portugal’s Brisa and Italy’s Atlantia reported 6.3 per cent and 2.6 per cent drops respectively. Photograph: Brisa

Toll traffic is declining across southern Europe as economic austerity forces cost-conscious drivers off the roads.Road charging companies in Spain, P(...)

European shares pulled back from five-year highs this morning, led lower by struggling lender Commerzbank. Photo: Bloomberg

European shares pulled back from five-year highs this morning, led lower by struggling lender Commerzbank and some technical selling on overbou(...)