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Reports, insights, analyses and opinions on Europe's biggest financial market.
CEO Evelyn Palla putting more decentralised structure in place
Deutsche Bahn’s new CEO Evelyn Palla is reshaping the group into a leaner organisation with more decentralised decision making. The reorganisation will see hundreds of senior managers lose their jobs.
Germany risks repeating its generics misstep with biosimilars
Low cost generics account for the lion’s share of Germany’s pharmaceutical supply, but this cost cutting in the healthcare system has resulted in a precarious dependence on China and India. Manufacturers now fear that the same pattern could be repeated with biosimilars.
Tether among investors in Italian robotics startup
Italian humanoid robots startup Generative Bionics has completed a 70 million euro funding round. Investors include crypto exchange Tether, and Eni Next.
Tui pays its first dividend since the coronavirus crisis
Travel group Tui has posted a strong set of results for its financial year ending 30 September. It has been reducing net debt – and will pay its first dividend since the corona pandemic crisis.
Rheinmetall partner Iceye secures fresh funding
Europe is investing heavily in defence – with space systems a big area of focus. Finnish satellite startup Iceye has recently completed a new funding round to speed up growth.
TKMS looking at acquisitions
The order books are filling up at naval yards, and consolidation is expected as the major players look for acquisitions. Thyssenkrupp spin-off TKMS will make a decision soon on an offer for German Naval Yards in Kiel.
Federal government seeks greater control over Tennet
The federal government is planning to acquire a stake in Tennet Germany, in order to strengthen its control over the transmission grid. The purchase will initially involve existing shares held by the Dutch parent company.
Jan-Oliver Sell appointed CEO of Qivalis
Qivalis, the European banking consortium behind a planned euro stablecoin, has launched operations under CEO Jan‑Oliver Sell. It aims to offer cross-border payments, DeFi applications and asset settlement from mid-2026.
From early start pension to false start pension
The pension reform package has been passed by the German Parliament. But the debate about retirement provision in Germany continues – and the so called early start pension has been scaled back because of budgetary constraints.
Real estate ELTIFs remain a niche product
Real estate European Long Term Investment Funds are still struggling to gain traction. Even though more ELTIFs than ever were launched in 2025, only a few focus on property. The podcast „Beyond Billions“ spoke about the latest trends with Hansainvest Managing Director Ludger Wibbeke.
Busy 2026 ahead for European payment system Wero
European Payments Initiative CEO Martina Weimert has been making good progress with the Wero payment system. But the real test of success will come at the checkout counter in mid-2026.
Setbacks continue for Stockholm based EQT
Difficulties are mounting for private equity firm EQT with its over-indebted portfolio companies: Deutsche Glasfaser may soon default on interest payments. In the case of French nursing home operator Colisée, creditors are now taking over the reins.
CEO Daniel Grieder sees reduced revenues and earnings in 2026 transition year
Hugo Boss's medium term growth strategy has failed to impress investors, especially since 2026 is viewed as a transition year with lower earnings. A takeover bid from Frasers Group of the UK remains a possibility.
Covestro aims to „continue producing in Europe in a very significant way“
At closing of the takeover, Covestro stands to receive a multi-billion-euro capital increase. For chief financial officer Christian Baier, this is a key factor in ensuring that the company can keep investing in its future despite the industry downturn.
Hazardous waste treatment a growing business segment
Multi-billion dollar acquisitions are reshaping the global hazardous waste business. Veolia is making a big move in the United States with its takeover of Clean Earth.
Almost as if it were Christmas
Pharmaceutical and agrochemical company Bayer may be at a turning point in connection with the multi billion dollar glyphosate lawsuits. A case review is now proceeding to the US Supreme Court.
Dax giants welcome longer Xetra trading hours
Dax heavyweights such as SAP and Deutsche Telekom have welcomed the extension of Xetra trading for retail investors until 10pm. The new trading hours began on 1 December.
BayWa making progress
The board of BayWa expects its core business to return to growth in the near term. The debt reduction programme has slowed after the sale of Cefetra failed to close, but negotiations are underway with new investors.
European universities strong in spinouts
Europe's universities and research institutes are particularly strong in biotech and pharmaceutical startups. A report from Dealroom shows that since 2022 there have been 244 academic spinouts in these sectors.
SAP and the challenge of digital sovereignty
SAP has announced various new partnerships to strengthen digital sovereignty in Europe. Yet despite these collaborations, the Delos Cloud continues to rely on Microsoft technology.
Leonardo targets European market with new air defence system
Italian defence group Leonardo has announced plans to develop an AI-based air defence system dubbed the Michelangelo Dome. The target date for the system to become operational is 2028.
Deutsche Börse brings Allunity on board for stablecoins
Deutsche Börse is integrating the euro stablecoin EURAU from Allunity into its infrastructure. The partnership aligns with the EU’s Markets in Crypto-Assets (MiCA) Regulation, providing a secure and regulated framework within established financial market infrastructure.
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