Tesco Extra store in Gorey, Co Wexford: Igal Ahouvi’s investment will show a return of just over 7 per cent

A wealthy Israeli investor has bought the newly opened Tesco Extra store in Gorey, Co Wexford, for a price believed to be in the region of €21 (...)

The Vatican Bank. From day one it was clear Pope Francis was no friend of deregulated capitalism, let alone murky financial speculation.  Photograph: Gabriel Bouys/AFP/Getty Images

As tourists walk past the Porta Sant’Anna in Rome, just off St Peter’s Square, few pay much attention to the strange-looking, rounded tower that sits (...)

Generali: The company, which manages almost €500 billion in assets, said it wanted to keep a stable exposure to equity and fixed income while upping its stake in high-quality real estate.

Italian insurer Generali is aiming to pay higher dividends to investors as its turnaround plan to cut debt through a string of asset disposals and hef(...)

The European Union is close to agreeing new rules that will force insurers to hold enough capital to keep policyholders safe, after years of delay.T(...)

Telecom Italia is seen as a potential takeover target due to its prized Tim Participacoes mobile unit in Brazil. Photograph: Marc Hill/Bloomberg

Spanish telecoms group Telefonica has struck a deal which could eventually see it take control of Telecom Italia and its lucrative south American bus(...)

Josef Ackermann, the former chairman of Zurich Insurance, is seen in a camera viewfinder during a news conference in Frankfurt. Mr Ackermann resigned from the insurer earlier this week following the death of Zurich finance chief Pierre Wauthier, who named Mr Ackermann in his suicide note. Photograph: Johannes Eisele/Files/Reuters.

The chief financial officer of Zurich Insurance, Pierre Wauthier, named chairman Josef Ackermann in his suicide note, the company confirmed today as i(...)

Josef Ackermann is resigning from the board of Zurich with immediate effect after the company’s finance chief probably committed suicide. Photograph: Hannelore Foerster/Bloomberg

Josef Ackermann, the chairman of Zurich Insurance and former Deutsche Bank boss, resigned today over the apparent suicide of the insurer’s chief finan(...)

Italian bank Mediobanca plans to sell stake sin a number of major Italian businesses

Mediobanca, under pressure to improve returns for shareholders, plans to sell almost all of its stakes in major companies, ending half a century of i(...)

Stock retreated after European Central Bank president Mario Draghi said economic recovery in the euro area remains subject to downside risks. Photograph: Lisi Niesner/Reuters

European stocks retreated, posting the biggest two-day slump in more than four months, as European Central Bank pres(...)