Portuguese Bank Espirito Santo’s then chief executive Ricardo Salgado. Photograph: Jose Manuel Ribeiro/Reuters

Ricardo Espirito Santo Salgado, patriarch of Portugal’s beleaguered Espirito Santo banking family and former chief of Banco Espirito Santo, was detain(...)

In a late-night statement that paved the way for the bank’s shares to resume trading on Friday, BES attempted to diffuse a situation that many feared was spiralling out of control

Losses on loans to the troubled business empire of its founding family will not put Banco Espirito Santo (BES) at risk of running short of capital, th(...)

In Dublin, Ryanair was up 1.03 per cent to €6.80 in a busy day’s trading in aviation stocks across Europe and in the United States. Photograph: Rui Vieira/PA Wire

Investors took the opportunity to reflect yesterday on recent gains, particularly with the US corporate results season looming into view.China’s seco(...)

There were mixed fortunes for Aer Lingus and Ryanair yesterday. Aer Lingus rose by 2.1 per cent to €1.43 on low volumes but Ryanair declined by 2.7 per cent to €6.346. Photograph: Rui Vieira/PA Wire

European stocks were little changed this week, following four weeks of gains, as euro- area economic growth missed estimates, and investors weighed eq(...)