Espirito Santo plunged 11 per cent to 39.6 cents, its lowest price since June 2012. Photograph: Mario Proenca/Bloomberg

Markets went into retreat yesterday on renewed fears about Portugal’s Banco Espirito Santo and comments from Federal Reserve chairwoman Janet Yellen (...)

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(...)

Ryanair closed at €6.54. Photograph: Alan Betson

After the big moves of Monday, markets experienced some pullback yesterday, especially in Europe where most national benchmarks slipped, albeit by ver(...)

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(...)