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Europe Top News and Analysis Denmark

  • COPENHAGEN, Aug 31- A group of institutional investors in OW Bunker said they plan to sue Morgan Stanley and Carnegie for about $80 million, accusing the two investment banks of misleading them ahead of the 2014 listing of the now bankrupt marine fuel oil supplier. Denmark's OW Bunker was valued at $1 billion when it floated in March 2014, but the company filed for...

  • *Denmark's ATP moves investments to cash shares from derivatives. COPENHAGEN, Aug 30- Denmark's largest pension fund, ATP, said on Wednesday it will seek more active ownership of companies by pushing management to practice good governance and consider their social and environmental impact. "We want to be more active at annual meetings, we want to be more active in...

  • *Next targets for spot gold at $1,337 and $1,375- analyst Palladium hits more than 16- year high. LONDON, Aug 29- Gold jumped to its highest since November on Tuesday as investors bought bullion as insurance against falling prices of other assets after North Korea tested a missile over Japan. "Funds and traders are filling their boots with gold at the moment and so...

  • The four men, one of whom was fined 486,500 Danish crowns, were charged in March for failing to have permits and for violating a law introduced in February that imposed extra rules on taxis operating in Denmark, police said. Another 1,500 Uber drivers also faced charges of illegally operating taxis, Vibeke Thorkil-Jensen, head of public prosecution for...

  • COPENHAGEN, Aug 28- Four Danish Uber drivers were on Monday found guilty of illegal taxi driving by a Copenhagen court, with one driver fined about $78,000. The four drivers were charged in March after the Danish tax authorities received a list from the Netherlands of around 1,500 Danish Uber drivers' names, Danish police said in a statement.

  • COPENHAGEN, Aug 25- Denmark's largest commercial pension fund, PFA, plans to keep investing in assets such as infrastructure projects and unlisted companies even once bond yields start to recover. PFA, which handles pensions savings for 1.2 million of Denmark's 5.7 million population, increased its own investments in alternative assets by 43 percent to 60...

  • Shares of Signet rose 23 percent to $63.74 in morning trading, while Tiffany was marginally up at $88.77. Tiffany signed on pop star Lady Gaga to launch the Tiffany Hardware collection, which features items like the $13,500 Wrap necklace in 18 k gold, while Signet sells items like the $10,999 Le Vian diamond earrings in 14 k pink gold at its stores.

  • LONDON, Aug 24- Gold prices drifted lower on Thursday, pressured by a firmer dollar as investors awaited signals on interest rates from central bankers meeting in Jackson Hole. Key to the direction of the market were funds holding huge long positions in Comex gold futures, said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.

  • LONDON, Aug 24- European cities from Amsterdam to Zagreb have lined up sweetheart deals including free rents, landmark buildings and tailor-made relocation services in a race to house two prestigious EU agencies that will leave London after Brexit. The European Medicines Agency and European Banking Authority are both prize spoils from Britain's decision...

  • LONDON, Aug 24- Gold drifted lower on Thursday, pressured by a firmer dollar as investors waited for signals about interest rates from central bankers meeting in Jackson Hole. Key to the direction of the market were funds holding huge long positions in Comex gold futures, said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.

  • Moller-Maersk has been fortified by the $7.5 billion sale of its oil and gas business to France's Total, but the company's main sea freight business faces the threat of a new price war in a consolidating industry. But competitors including Ocean Alliance-- a newly-created partnership between France's CMA CGM, China's Cosco, Hong Kong's OOCL and Taiwan's...

  • Vestas' CEO spoke about the U.S. leaving the climate accord.

  • ZURICH, Aug 17- Sonova on Thursday launched a new hearing aid microchip capable of streaming audio directly from wireless devices as the Swiss company tries to close the gap with Danish competitors that pioneered similar technology years ago. "We needed a solution that works for everybody," Sonova Chief Executive Lukas Braunschweiler told Reuters in an...

  • ZURICH, Aug 17- Sonova on Thursday launched a new hearing aid microchip capable of streaming audio directly from wireless mobile devices as the Swiss company aims to close the gap to Danish competitors that pioneered similar technology years ago. "We needed a solution that works for everybody," Sonova Chief Executive Lukas Braunschweiler told Reuters in an...

  • *June cyber attack to cost $200- $300 mln. *Shares 4.5 pct higher by 1056 GMT. COPENHAGEN, Aug 16- Denmark's A.P.

  • *June cyber attack to cost $200- $300 mln. *Shares up 1.15 percent at 0904 GMT. COPENHAGEN, Aug 16- Denmark's A.P.

  • Green technologies are becoming price competitive, the CEO of Dong Energy told CNBC on Thursday.

  • COPENHAGEN, Aug 9- Novo Nordisk, the world's leading maker of diabetes drugs, reported better than expected profit on Wednesday driven by new diabetes and obesity drugs though it said sale prices would remain under pressure in the United States. "Although the formulary negotiations in the USA reflect the tough competitive environment, we remain confident that...

  • *South Korea leading charge, U.S. plans to follow. South Korea is developing an alternative system using an earth-based navigation technology known as eLoran, while the United States is planning to follow suit. Britain and Russia have also explored adopting versions of the technology, which works on radio signals.

  • TORONTO/ FRANKFURT, Aug 3- The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come. Six more major international companies, four based in Europe and two in Russia, which...