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ITC Global invests in West Africa

US-based ITC Global, a provider of satellite communications to the mining, energy and maritime sectors, has acquired the remaining 10 per cent interest in ITC Guinee.

Rhenus to acquire WincantonÔÇÖs European operations

Germany’s Rhenus Group has agreed to acquire the mainland European activities of UK-based Wincanton Group, it has been announced.

Samsung take a serious bite out of Apple

Samsung has officially overtaken Apple to become the most profitable mobile phone company in the world

Landmark airline merger given the all clear for take off

A merger between US Airways and American Airlines has been given the go ahead, creating the world’s biggest airline

Merger set to create worldÔÇÖs biggest banana business

The creation of the world’s largest banana company is a step closer with the news that Chiquita and Irish firm Fyffes are to merge

Finance: Europe

American financial institutions hold very little Greek debt compared to European banks, but they are major issuers of credit default swaps, a device used by bondholders to cover

Ububele Holdings

ShellÔÇÖs profits double to $18.6 billion

Dutch oil giant Shell has reported profits of $18.6 billion (£11.5 billion) for 2010, on the back of increased production and rising oil prices.

Revealing survey on CEO succession planning

A Korn/Ferry Executive Survey released today reveals that the majority of global companies do not have a CEO succession plan in place.

Goldcorp: Profits up but production forecast down

Goldcorp, the world’s second largest gold producer, has revealed mixed fortunes in its second quarter results.

Massive Canadian pipeline plans revealed

Plans have been unveiled for the building of a multi-billion dollar pipeline from western Canada to the country’s Atlantic coast

Strong first half growth for Eurostar

Eurostar, the high-speed passenger rail service, has reported strong growth in first half sales revenues and passenger numbers.

Rio Tinto announces an increase in shareholder dividend

Rio Tinto has celebrated the news that higher iron ore prices and cost cutting helped return it to profit by raising its dividend