In its ruling, the regulator has left the state little leeway for buying Alstom shares in the open market. Photograph: Simon Dawson/Bloomberg

The French government has had its ability to buy Alstom shares in the open market capped by regulators, raising the potential cost of becoming an anch(...)

Stock markets fell sharply in Europe as Middle East crisis intensifies. Photograph: EPA

European stocks fell sharply as violence in the Middle East escalated and a report showed the US economy shrank in the first quarter by the most sinc(...)

Investors turn away from airlines on the back of concern over oil prices arising from the ongoing crisis in Iraq. Photograph: Reuters

European stocks declined yesterday, after posting a ninth weekly gain in 10, as investors watched developments in Iraq and as euro-zone manufacturing(...)

France’s cconomy minister, Arnaud Montebourg, said yesterday that Alstom’s lucrative gas turbines arm would be purchased by GE and said there would be discussions on the shape of joint ventures in other energy areas ranging from renewables to nuclear. Photographer: Chris Ratcliffe/Bloomberg

France chose General Electric to form an alliance with Alstom yesterday, rejecting an offer from Siemens and Mitsubishi Heavy Industries – but said(...)

Siemens said its offer for Alstom’s power business was ‘superior industrially, financially and socially’ to that of General Electric, and reaffirmed pledges to create new jobs in France. Photograph: Chris Ratcliffe/Bloomberg

Siemens and Mitsubishi Heavy Industries added a billion euros to their offer for French multinational Alstom’s energy business today, hoping to see of(...)

Ryanair and Aer Lingus were dragged down in a sector-wide slide in airline stock linked to Germany’s Lufthansa lowering of its profit forecast earlier in the week.

European stocks were little changed yesterday despite poor retail sales and jobs data from the US, while oil prices hit a three-month peak on escalat(...)

Photograph: Dara Mac Dónaill

Construction group Sisk has won a €20 million-plus contract to build a laboratory for Britain’s Pirbright Institute which will conduct research into (...)

About 2.2 million CRH shares changed hands in Dublin yesterday, slightly more than usual. Photograph: Alan Betson

Tumbling technology share helped trigger the biggest decline in European markets in a month yesterday. Traders in Dublin said w(...)

Numericable’s billionaire backer Patrick Drahi (above) told a news conference, saying his victory was down to preparation and seven years’ work on the project.   Photograph: Ivan Guilbert /Bloomberg

French companies Iliad and Bouygues weighed on European equities yesterday, on expectations that a failed acquisition bid by Bouygues would hur(...)

The agreed sale of SFR also promises to reshape Europe’s third-biggest telecoms market after two years of fierce price competition. Photographer: Balint Porneczi/Bloomberg

France’s Vivendi said it had accepted cable company Numericable’s bid for its (...)