Europe Top News and Analysis Denmark

  • COPENHAGEN, Oct 3- Danish wind turbine manufacturer Vestas expects to achieve a medium term operating margin in the high single digits, its chief financial officer said at the group's capital markets day on Wednesday.

  • HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.

  • HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.

  • BRISBANE, Calif.-- InterMune Inc. said Tuesday that Canadian regulators approved its lung-disease drug Esbriet. InterMune said Health Canada approved Esbriet as a treatment for mild-to-moderate idiopathic pulmonary fibrosis in adults.

  • JERUSALEM-- He has been the poster boy for Israel's powerhouse technology industry and a leading proponent of a great dream _ to end the world's addiction to oil. But on Tuesday, Shai Agassi stepped down as chief executive of Better Place, the Israel- based electric car company he founded with great fanfare five years ago.

  • JERUSALEM, Oct 2- Electric car venture Better Place said it had replaced chief executive officer Shai Agassi with the CEO of its Australia unit, five years after Agassi founded the company. Agassi set up Better Place with the aim of using new technology to make electric cars more affordable and more convenient than gasoline-powered cars.

  • COPENHAGEN, Oct 2- Denmark's foreign exchange reserves, a monetary policy tool, fell by 0.9 billion crowns in September to 513.5 billion Danish crowns, the central bank said on Tuesday. The Nationalbank said it intervened in the foreign exchange market in September, buying a net 0.6 billion crowns for other currencies to steady the crown in line with its mandate.

  • COPENHAGEN, Oct 2- Danish engineering group FLSmidth& Co A/S said on Tuesday it has acquired unmanned operation technology for stackers and train loading systems from the German firm iSAM.

  • LONDON, Oct 2- Banks are offering up to 500 million euros of debt to bidders in private equity firm CVC's sale of Danish store group Matas, as retail deals continue to dominate the European leveraged buyout market this year.

  • COPENHAGEN, Oct 2- Danish wind turbine manufacturer Vestas said on Tuesday it had received a 68 megawatt turbine order for a wind project in Britain. The order was for 34 units of the V90-2.0 MW turbine for the Keadby Wind Farm project in Lincolnshire, Vestas said in a statement.

  • OSLO, Oct 2- Nordic spot power prices are expected to fall on higher wind and nuclear output, and lower exports to Germany, analysts said on Tuesday. Wednesday's delivery is expected to settle at 30.1 euros a megawatt-hour, down from 31.8 euros on Tuesday, analysts at Point Carbon said.

  • LONDON, Oct 2- Emerging stocks hit 11- day highs on Tuesday and emerging debt spreads tightened on mounting expectations of an imminent bailout request from Spain, while the forint weakened on expectations of lower interest rates in Hungary.

  • *Extend maturities for $1.8 bln debt to December 2016. COPENHAGEN, Oct 2- Banks are taking control of Danish shipping group Torm A/S in a rescue deal that extends repayments on $1.8 billion of debt and provides fresh funds, giving the firm time to wait for the tanker market to improve. "This deal is the rescuing of Torm," said Sydbank analyst Jacob Pedersen.

  • COPENHAGEN, Oct 2- Denmark's Novo Nordisk, the world's biggest insulin producer, said its insulin degludec had shown 43 percent lower rates of night-time low blood sugar levels than glargine from rival drugmaker Sanofi. Novo Nordisk said in a statement the data was presented on Tuesday at the Annual Meeting of the European Association for the Study of Diabetes.

  • *Lundbeck, Takeda submit vortioxetine for FDA approval. *Lundbeck gets 250 mln DKK from Takeda if FDA. Lundbeck hopes the new antidepressant- vortioxetine- will provide a new source of revenue as its key anti-depressant, Cipralex, sold as Lexapro in the United States and Japan, comes off patent protection.

  • COPENHAGEN, Oct 2- Debt-stricken Danish shipping company Torm A/S does not see a turnaround of the struggling tanker market soon, its chairman said after announcing it had struck a long-awaited deal with its banks to secure future operations.

  • *Extend maturities for $1.8 bln debt to December 2016. COPENHAGEN, Oct 2- Debt-laden Danish shipping group Torm A/S has struck a long-awaited deal with its banks that will see them take a majority stake in the firm in exchange for extending $1.8 billion of debt and giving it access to fresh funds.

  • COPENHAGEN, Oct 2- Shares in Danish shipping company Torm A/S jumped 36.5 percent after it said banks had thrown it a lifeline consisting of a $100 million new working capital facility and deferred installments on its $1.8 billion of debt.

  • HELSINKI, Oct 2- The following stocks may be affected by newspaper reports and other factors on Tuesday:. The Danish pharmaceutical group and its Japanese partner, Takeda Pharmaceutical Co, have submitted an application to the U.S. Food and Drug Administration for approval of its antidepressant, vortioxetine, Lundbeck said on Tuesday.

  • OSLO, Oct 2- Aker Solutions. *Aker Solutions will deliver electrical wireline logging services and wireline tractor services at the oil and gas fields where Dong Energy operates on the Danish and Norwegian continental shelves. *Aker Solutions estimates that the contract will generate revenues of approximately NOK 40 million annually.