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After the auto parts supplier warns of profits and free cash flow. Mario draghi defends his easing Monetary Policy as he warns about the risk of unwinding these policies too soon the ecba president will speak in a few moments time from sintra well bring you that speech live heres the latest on the heat map across europe a lot of red on the board. The latest in Bank Consolidation is that bankia is buying banco mare nostrum bankia plans to raise capital to fund the deal. A lot of red there except for bankia Banco Popular at zero. Schaeffler cuts its profit warning. They see the 2017 adjusted eby t ebi at 11 to 12 . Stada takeover bid fails the vote was close with support for the move falling just short of the 67. 5 required. The chief executive says the shareholders decision provides a mandate for the company to press ahead independently. Lets look at sistema shares theyre slumping after a Russian Court arrested some of its assets in an ongoing legal battle with rosneft. The country is s

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