An Alitalia logo sits on the wing of an aircraft operated by Alitalia during its flight from Fiumicino airport in Rome. Photographer: Alessia Pierdomenico/Bloomberg

Abu Dhabi’s state-owned Etihad Airways said today it had agreed principal terms and conditions to buy a 49 per cent stake in Italy’s loss-making airli(...)

A branch of UniCredit in Milan. A preliminary agreement on a new vehicle for bad loans is expected to be announced shortly.

Italy’s two largest banks, UniCredit and Intesa Sanpaolo, are teaming up with US private equity firm Kohlberg Kravis Roberts to pool some of th(...)

Netflix continued its downward trend, slipping 1.6 per cent to $358.50.

Stocks rose yesterday as data emerged showing confidence is up in a number of European economies and in the US. Traders (...)

Chief executive Carlo Messina presented a strategic plan  that includes closing 800 branches. Photographer: Alessia Pierdomenico/Bloomberg

Intesa Sanpaolo, Italy’s second-biggest bank, posted a €5.19 billion fourth-quarter loss, following UniCredit in a balance-sheet clean-up befor(...)

Minister for Finance Michael Noonan with ECB vice president Vitor Constancio at the IIEA conference on the future of banking in Europe in Dublin today. Photograph: Cyril Byrne/The Irish Times

European Central Bank vice president Vitor Constancio said today the region could see a wave of bank mergers as the presence of the Single Supervisory(...)

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(...)

Alitalia’s 21 Italian investors and Air France-KLM, the largest shareholder with a 25 per cent stake, have 30 days to decide whether to participate in the proposed capital increase – which will take the form of a share issue. Photograph: Reuters

Alitalia shareholders yesterday approved a rescue plan backed by Italy’s coalition government that includes a €300 million capital increase, partly un(...)

Shares in Grafton Group, which has a strong English presence, rose 7 per cent to €7 after the UK Builders Merchants Federation’s monthly sales figures highlighted improved conditions.

A possible ending to the deadlock in Washington lifted shares in both Europe and the US tonight. The Iseq closed the day up 1.6 per cent on the preced(...)

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(...)

Shareholders in biotech company Elan got an update on their opportunity to vote on Michigan-based pharmaceuticals group Perrigo’s proposed acquisition of the Irish company on November 18th in Dublin. Photographer: John Cogill/Bloomberg News

Investors worries that even a temporary US government shutdown could put a damper on an already weak economic recovery hung over global markets yester(...)