The increased value of jewelry maker Pandora this year gave investors something to smile about. Pandora showed investors that they had something to smile about in 2013.
Europe
WISeKey closes third pre-IPO investor round
The third tranche of its pre-IPO investor round was completed by WISeKey raising an additional USD40 million.
EADS exec says company in no hurry to enter fresh M&A deals
EADS Chief Strategist Marwan Lahoud said EADS would take its time in making new mergers and acquisitions as the company restructures.
Acquisitions drive value of hearing-aid makers- Nordea
Nordea Bank said acquisitions had driven the growth of two European hearing aid manufacturers, William Demant Holdings and Sonova Holding.
Barclays reveals it will spend GBP 1.4 billion in consumer bank overhaul
Barclays said would spend GBP 1.4 billion to revamp its consumer banking unit. London-based Barclays Plc said it would be spending an estimated GBP 1. 4 billion or USD 2.
Latest News
The projected savings for the merger of Glencore and Xstrata was at UDD500 million but nearly a year later, the savings is worth four times that projected amount.
Nestle SA said that it would keep all possible options open as it considers the sale of its 29.4% stake in L'Oreal SA.
Orange SA sees market consolidation as the next wave should Telefonica SA and Royal KPN NV merge. The largest phone company in France, Orange SA, said that if the Telefonica SA and Royal KPN NV bid to merge their German assets receives regulatory approval, there would be a major shake up in the telecommunications industry in Europe.
The higher interest rates imposed on small businesses hurt the Spanish recovery program. Despite the expansion of Spanish manufacturing and services sectors of the country, which is the first time in the past two years, the lack of available funds for lending clearly hindered the growth of the country.
The benchmark debt from Russia has now been made available expecting a windfall after US Fed Reserve remarks on scaling back stimulus expenditures.
Tyres on the Drive scored GBP 1.5 million in a round led by MMC Ventures. Tyres on the Drive (TOTD) announced that it received an additional GBP 1. 5 million in a funding round.
Standard and Poor's analysts have criticized the practice of Scandinavian banks. The biggest banks of Scandinavia have failed to curb risks of financial innovation and would avoid downgrades unless national regulators requiring stricter measures, according ratings agency to Standard & Poor's.
Apollo Global Management would be buying Evo Banco for USD 79 million. Apollo Global Management agreed to acquire Evo Banco for EUR 60 million or USD 79 million.
LeapFrog Investments gathered USD 204 million in capital commitments for Fund II. LeapFrog Investments collected USD 204 million for its second fund in just eight months.
