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Denmark

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  • France wants business world to help curb climate change Wednesday, 20 May 2015 | 12:29 PM ET

    France is to host the U.N. Climate Change Conference in December. Hollande stressed Wednesday that an agreement between 196 countries in Paris would have "extremely positive consequences on economic actors, technologies of the future, employment and growth." "You must make commitments, provide us answers, and the success will also be yours," he said at a Business...

  • COPENHAGEN, Denmark— Danish industrial designer Jacob Jensen, who gave ultramodern, minimalist forms to high-end products including consumer electronics and kitchenware, has died. Jensen belongs to Danish designers' golden era of the 1940 s and' 50 s, alongside Hans J. Wegner, Arne Jacobsen, Finn Juhl and Poul Kjaerholm. Some of his works are now part of the...

  • Shipper Moller-Maersk sees Q1 profit jump 18 pct Wednesday, 13 May 2015 | 3:52 AM ET

    COPENHAGEN, Denmark— Danish shipping and oil group A.P. Moller-Maersk says it saw its first-quarter underlying profit increase by 18 percent to $1.3 billion, impacted by an after-tax gain from the sale of shares in Denmark's largest bank, but revenues dropped due to low oil prices and low economic growth. The Copenhagen- based group said Wednesday that revenue...

  • Earnings before interest and tax swung to $30 million in January-March from a loss of $22.6 million in the first quarter of last year, topping the average forecast for a loss of $1 million in a Reuters poll of analysts. The Copenhagen- based still expects a full-year operating result between a loss of $40 million and a profit of $40 million. With 203 owned and...

  • Russia trouble still hurting beer maker Carlsberg Tuesday, 12 May 2015 | 4:12 AM ET

    COPENHAGEN, Denmark— Danish brewer Carlsberg says uncertainty in its vast Russian market continued to cause pain, contributing to a loss of 90 million kroner in the first quarter of 2015.. Last year, the Copenhagen- based brewer had a loss of 67 million kroner for the three-month period ending March 31. Excluding the acquisition and sale of new brands, sales...

  • Business events scheduled for Tuesday Monday, 11 May 2015 | 12:33 PM ET

    WASHINGTON— Labor Department releases job openings and labor turnover survey for March, 10 a.m.. WASHINGTON— Treasury releases federal budget for April, 2 p.m.. COPENHAGEN— Danish brewer Carlsberg presents first-quarter results.

  • COPENHAGEN, May 8- Investors have high hopes for Novozymes and the enzymes it makes to improve chemical processes in a variety of industries, but analysts warn of pitfalls in a growth strategy reliant on a biofuel sector still in its infancy and unproven farming biotechnology. Having built on mother company Novo's work in the 1940 s to produce biological...

  • COPENHAGEN, April 30- Novo Nordisk's chief operating officer, a 26- year company veteran who had been expected to become CEO, quit unexpectedly after the board said the current chief should stay until 2019.. Chief Executive Lars Rebien Sorensen had been expected to step down from the world's largest insulin maker well before the end of his contract in 2019. When...

  • COPENHAGEN, April 30- Novo Nordisk's chief operating officer, a 26- year company veteran who had been expected to become CEO, quit on Thursday after the board decided the current chief should stay on for now. Chief Executive Lars Rebien Sorensen had been expected to step down from the world's largest insulin maker well before the end of his contract in 2019. When...

  • LONDON, April 28- An experimental shingles vaccine from GlaxoSmithKline is effective across all age groups, researchers said on Tuesday, boosting the prospects of a key product in the British drugmaker's development pipeline. Goldman Sachs analysts said in a report on Tuesday that efficacy across age groups could give HZ/su a meaningful edge over Zostavax,...

  • COPENHAGEN, April 22- On Valentine's Day, two weeks after his release from prison, Omar Abdel Hamid El-Hussein walked up to a Copenhagen cafe hosting a debate on freedom of speech and sprayed it with bullets. The country was further confounded when it emerged that prison officials had warned Denmark's domestic intelligence agency that Hussein was at risk of...

  • European stocks boosted by telecoms, China stimulus Monday, 20 Apr 2015 | 11:54 AM ET

    *Telenet, KPN shares rise after Belgian deal. LONDON, April 20- European shares made a positive start to the week on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though gains were not enough to entirely erase the losses from Friday's sharp sell-off. Volkswagen, the only German blue-chip stock to fall, was depressed after Scania order...

  • *Telenet, KPN rise after Belgian deal. LONDON, April 20- European shares got the week off to a positive start on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though it was not enough to erase the losses from Friday's sharp sell-off. Telecoms stocks including Belgacom, Deutsche Telekom and Numericable were up 2 to 3 percent after...

  • OSLO, April 15- Average carbon dioxide emissions from new cars sold in the European Union fell 2.6 percent last year, beating goals set for 2015 as part of efforts to slow climate change, the European Environment Agency said on Wednesday. The most carbon-efficient cars were bought in the Netherlands, Greece and Portugal with the least efficient in Estonia, Latvia...

  • *To spend most in China and Russia. COPENHAGEN, April 15- IKEA, the world's biggest furniture retailer, plans to spend up to 3 billion euros on new shopping centres over the next 5-7 years, aiming to cash in on the popularity of its stores by collecting rent from retailers keen to set up nearby. Several supermarket groups such as France's Carrefour have pursued a...

  • This pressured Asian stocks, taking the MSCI emerging equities index further off recent six-month highs. But crude prices approached $60 a barrel on signs of falling U.S. production, benefiting Gulf markets such as Dubai and Saudi Arabia that rose as much as 1.9 percent. "The Chinese slowdown is real and permanent and that's a fundamental headwind for countries...

  • WASHINGTON, April 2- In a decision that could reshape U.S. tobacco regulation, a health advisory panel will vote next week on whether Swedish Match AB, a Stockholm- based maker of smokeless tobacco products known as snus, can claim they are less harmful than cigarettes. The closely watched vote could pave the way for the first Food and Drug Administration approval...

  • *Marks& Spencer surges after posting a rise in sales. LONDON/ PARIS, April 2- European equity indexes closed broadly flat on Thursday as losses among metals and energy stocks offset sharp post-results gains in retailer Marks& Spencer. "There is likely to be some debate about how the... sales figure has been achieved in light of highly visible late-year promotional...

  • European shares tread water ahead of Easter break Thursday, 2 Apr 2015 | 10:05 AM ET

    LONDON 1/ 4 PARIS, April 2- European shares dipped on Thursday, trading in a tight range ahead of the Easter break, with Greece still at the forefront of investors' minds after its lenders said Athens needed to do more to unlock financial aid. European Union officials said more work was needed on new measures that Athens sent to its creditors on Wednesday.

  • LONDON 1/ 4 PARIS, April 2- European shares dipped on Thursday, trading in a tight range ahead of the Easter break, with Greece still at the forefront of investors' minds after its lenders said the country needed to do more to unlock financial aid. European Union officials said more work was needed on new measures that Athens sent to its creditors on Wednesday.