Europe Top News and Analysis Denmark

  • LUXEMBOURG, Sept 8- Danish drugmaker Lundbeck lost an appeal against a European Union antitrust fine on Thursday when a court ruled its payments to rivals to delay sales of generic copies of a blockbuster anti-depressant were anti-competitive. Lundbeck shares fell as much as 3 percent to 263 Danish crowns after the verdict by the Luxembourg- based General...

  • COPENHAGEN, Aug 18- Wind turbine maker Vestas posted a much higher than expected second-quarter operating profit and lifted its forecasts for 2016 after deliveries rose and margins improved. By 0730 GMT Vestas shares traded 10.6 percent higher while the main Copenhagen index was up 1.35 percent. Vesta faces increased competition as a planned merger of...

  • COPENHAGEN, Aug 17- Danish hearing aids maker William Demant plans to shift production from Denmark and the United States to Poland and Mexico to cut costs by around 200 million Danish crowns a year, it said on Wednesday. The world's second-biggest hearing aids maker, behind Sonova, William Demant said it was also considering moving its research and development...

  • COPENHAGEN, Aug 17- Danish brewer Carlsberg promised to address poorly performing parts of its business after half-year results came in slightly below expectations on Wednesday, sending its shares down by 4 percent. The Copenhagen- based company said it was sticking to a forecast for full-year organic operating profit growth in the low-single figures in...

  • The Copenhagen- based company fired its CEO in June and replaced him with Soren Skou, head of its Maersk Line container business, indicating it could split it into separate companies and sell off part of the group, including its oil division. In 2018, it will produce only half of what it does today after losing a major contract to operate Qatar's largest offshore...

  • COPENHAGEN, Aug 10- Novozymes, a Danish maker of enzymes and micro-organisms used in agriculture and to produce fuel, is relying on new products to restore sales momentum, its chief executive said on Wednesday but warned investors that the process could take time. Chief Executive Peder Holk Nielsen said he was confident of returning to more typical sales growth...

  • "Sales have a solid growth of 25 percent in local currencies, but it is weaker than expected and the disappointment is broadly based on all three regions," Sydbank analyst Soren Lontoft said, referring to the Americas, EMEA and Asia/Pacific. He said there were economic challenges in Brazil, which put a damper on the sales growth, and a decrease in number of visitors in...

  • *Trump wants to tear up Iran nuclear deal if he wins. LONDON/ ANKARA, July 29- Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign...

  • *Trump wants to tear up Iran nuclear deal if he wins. LONDON/ ANKARA, July 29- Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign...

  • LONDON, July 6- Oil edged lower on Wednesday, extending losses to a third straight session, as investors grew concerned over consumption due to weaker demand from refineries and potentially slower economic growth after Britain's decision to leave the EU. Global benchmark Brent futures were down 75 cents, or 1.6 percent, at $47.21 a barrel at 1136 GMT after a 4.1...

  • LONDON, July 6- Oil prices edged lower on Wednesday, extending losses to a third straight session, as a stronger dollar weighed and economic concerns rose following Britain's vote to leave the European Union. Global benchmark Brent futures were down 30 cents at $47.66 a barrel at 0852 GMT after a 4.1 percent drop on Tuesday. "Oil once again is testing key support...

  • *EBA and EMA agencies seen leaving London post Brexit. *Milan mayor visits London as EU cities promote themselves. MILAN/ LONDON, July 5- Milan's new mayor Giuseppe Sala will fly into London on Wednesday, stepping up a battle between European cities competing to wrest two prestigious European Union agencies from London in the wake of Britain's vote to leave the...

  • *Nigeria, Canada production ramping up. LONDON, July 1- Oil prices eased on Friday as the market's focus returned to oversupply as production from Nigeria and Canada revived, and OPEC output reached a record high in June. "A rising contango indicates that the market is getting ready to absorb returning supply from Nigeria and Canada."

  • *Nigeria, Canada production ramping up. LONDON, July 1- Oil prices eased on Friday as the market's focus returned to oversupply as production from Nigeria and Canada revived, and OPEC output reached a record high in June. "A rising contango indicates that the market is getting ready to absorb returning supply from Nigeria and Canada."

  • *Nigeria, Canada production ramping up. LONDON, July 1- Oil prices eased on Friday as focus returned to oversupply as production from Nigeria and Canada revived and OPEC production reaching a record high in June. "A rising contango indicates that the market is getting ready to absorb returning supply from Nigeria and Canada."

  • *Nigeria, Canada production ramping up. LONDON, July 1- Oil prices eased on Friday as focus returned to oversupply as production from Nigeria and Canada revived and OPEC production reaching a record high in June. "A rising contango indicates that the market is getting ready to absorb returning supply from Nigeria and Canada."

  • LONDON, July 1- The British offshore wind industry, already bruised by subsidy changes, faces uncertainty after Britain voted to leave the European Union, with investors worried about future government incentives, exchange rates and export duties. Businesses in many industries have reported that the result of the June 23 referendum has created uncertainty...

  • BRUSSELS, June 28- World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe, three people familiar with the matter said on Tuesday. The other 13 firms are No. 3 player CMA CGM, Germany's Hapag Lloyd and Hamburg Sud, Taiwan's...

  • LONDON, June 28- Emerging markets rebounded on Tuesday, halting a two-session losing streak, with Eastern European stocks and currencies leading gains thanks to a weaker dollar and a pledge from China to counter further Brexit-related volatility. MSCI's emerging equity index rose 0.8 percent, having tumbled 5 percent since Thursday amid a global market rout...

  • *Italy's Northern League says: "It's our turn". LONDON/ BUDAPEST, June 24- Britain's vote to leave the European Union fired up populist eurosceptic parties across the continent on Friday, giving fresh voice to their calls to leave the bloc or its euro currency. Right-wing and anti-immigrant parties in the Netherlands, Denmark, Sweden and France demanded...