The Edwards Group;s purchase price was pegged at GBP1 billion for Atlas Copco. In a report from Sky News, it was revealed that the Edwards Group, which is based out of Sussex, is the subject of a GBP1 billion takeover bid.

Europe's equities have earned better in the past week compared to the US stocks. The mood now for investors is upbeat as it searches for a rebound from the previous week's drubbing on Wall Street and the Dow Jones average.

The leading Hungarian tour company, Best Reisen Ltd announced bankruptcy after big losses on its Egypt and Tunisia tour packages.

The Bank of England's record low interest rates were doubted after an unexpected dissent from its policymaker and its robust jobs data.

General Electric pursued its renewable energy program in Estonia after abandoning a solar plant project in the United States.

German bonds declined on its second week signaling an improved damp demand for the euro region's safest fixed-income assets.

A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.

Greek politicians are coming to a head on the issue of home foreclosure auctions. Greece would be lifting its restrictions on the implementation of home foreclosures in order to give banks the leeway to recover its bad loans.

Raifeisen Bank International CEO said financial investors would prop up its capital requirements. Raiffeisen Bank International, one of Austria's foremost banks, has said that part of its capital requirements would be met by financial investors.

BBlackstone entered into talks with Goldman Sachs to purchase a minor stake in pensions and insurance company Rothesay Life.