The plan, to raise about €4 billion from listing a 40 per cent stake in Poste Italiane on the Milan stock exchange in October, is the main plank of prime minister Matteo Renzi’s stalled drive to sell off state assets. Photograph: Alberto Pizzoli

Italy will fire the starting gun on the flotation of its 153- year-old national post office in early August, kicking off a widely anticipated €12 bill(...)

In London, Royal Mail fell 4.9 per cent after chancellor of the exchequer George Osborne said the state would sell its 30 per cent stake in the postal operator. Photograph: Leon Neal/AFP/Getty Images

European markets slid to their lowest level in a month after talks failed to resolve the Greed stalemate and a broad sell-off of ex-dividend stocks(...)

Shares in Italy and Spain, heavily indebted countries that are seen as coming under market pressure if Greece were to leave the euro zone, outperformed

Greek stocks helped push a key pan-European share index to a seven-year high on Wednesday on fresh optimism that Athens would reach an agreement with (...)

Aer Lingus ends day up at €2.14 on the back of about 730 trades. Photograph: Alan Betson

Mark Paul The Iseq in Dublin rose by 0.3 per cent as European stocks advanced for a fifth day, with banks contributing the most to the gains.Most US s(...)

Centrica,  owner of Bord Gáis Energy and British Gas, fell 1.6 per cent in brisk volume after it cut its full-year earnings outlook on the back of a steep drop in energy demand. Photograph: Nick Ansell/PA Wire

Mining stocks led a fall across Europe after manufacturing data missed economists’ estimates for the region and China. A purchasing managers index for(...)

Helge Lund, chief executive officer of Statoil. Photograph: Andrey Rudakov/Bloomberg

Statoil, Norway’s largest t energy company, again delayed a development decision for the Johan Castberg project in the Arctic Barents Sea as it consi(...)

Hassan Rouhani, Iran’s president,  leaves a session on the opening day of the World Economic Forum  in Davos, Switzerland, today.  Photograph: Jason Alden/Bloomberg

Iranian president Hassan Rouhani said today it was possible to turn more than three decades of enmity with the US into friendship if both sides made a(...)

The state Treasury holds 4.34 per cent of Eni and state lender Cassa Depositi e Prestiti holds another 25.76 per cent, bringing the state’s total holding to 30.1 per cent. Photograph: Anatoliy Ustinenko

Italian oil major Eni will start a planned share buyback programme worth up to €6 billion ($8 billion) on Monday, the company said.The programme cover(...)

Italian prime minister Enrico Letta:  says that half of the amount raised from the state sales will  be used to reduce Italy’s debt in 2014,

Italy will sell stakes in public entities including oil and gas company Eni to raise up to €12 billion next year and help cut public debt, prime minis(...)

 Volkswagen gained 5 per cent to €183.50 after posting quarterly earnings before interest and taxes that jumped 20 per cent to €2.78 billion, exceeding average analyst estimates. Photograph:  Matthias Rietschel

European stocks were little changed at a one-week high, while the FTSE 100 index of London-listed blue chips nudged up to a five-month high, as invest(...)