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Aug 25, 2010

Belgium’s Ageas H1 inflows up 22 pct, surge in Asia

BRUSSELS, Aug 25 (Reuters) – Belgian insurer Ageas (AGES.BR: Quote, Profile, Research, Stock Buzz)
reported a surge of cash coming into its business in the first
half, particularly in Asia, and strong earnings from its life
insurance business.

The company, formerly known as Fortis, said on Wednesday
that inflows grew by 22 percent during the first six months of
2010 and by 59 percent in Asia.

Jul 15, 2010

Agfa Gevaert buys U.S.-based Pitman for $80 million

BRUSSELS, July 15 (Reuters) – Belgian industrial printer and
film maker Agfa Gevaert (AGFB.BR: Quote, Profile, Research, Stock Buzz) said on Thursday it had bought
U.S.-based Harold M. Pitman Co for about $80 million, giving it
distribution capability in the country.

Agfa forecast its U.S. sales would more than double to over
$500 million from about $200 million after the acquisition of
Pitman, a distributor of prepress, industrial inkjet, pressroom
and packaging printing products and systems.

Jun 24, 2010

Belgian church HQ, abuse commission searched

BRUSSELS (Reuters) – Belgian investigators looking into sexual abuse of minors by Catholic priests raided two main Church offices and the home of a former archbishop on Thursday, taking away computers and files in their search for evidence.

Police sealed off the offices of the Brussels archdiocese in Mechelen during a meeting of the country’s bishops there and barred them from leaving the premises or contacting outsiders while they searched, the Church news service Kerknet reported.

May 28, 2010

Tintin revival could be marred by race debate

BRUSSELS (Reuters) – As Belgium’s best-known reporter prepares himself for the silver screen, uncomfortable questions remain as to whether it is just his plus fours and quiff that need to be given a makeover.

Film director Steven Spielberg’s “The Secret of the Unicorn” is a tale of sunken ships and treasure which highlights Tintin as a swashbuckling hero ready to take on any villain.

May 27, 2010

Carrefour, unions reach Belgian restructuring deal

BRUSSELS, May 27 (Reuters) – Carrefour <CARR.PA> has reached
a deal with unions over restructuring in Belgium, potentially
ending several months of strikes and wildcat stoppages, the
company and union leaders said on Thursday.

Five hypermarkets have been saved from closure, meaning nine
hypermarkets will still be closed and seven supermarkets will
also be shut, said a spokesman for the BBTK union, which
represents around 65 percent of the company’s workers in
Belgium.

May 24, 2010

Small industrial, luxury stocks gain from euro, BRICs

BRUSSELS/FRANKFURT (Reuters) – Small engineering and luxury products companies in Europe could outperform larger competitors in the current market squeeze as the falling euro accentuates the benefits of emerging market demand.

Small-cap stocks tend to underperform larger peers during downturns and outperform during economic recoveries and since the Greek sovereign debt crisis has hit markets, small companies in Europe have lost almost twice as much as their bigger rivals.

May 11, 2010

Publigaz to sell stake in Belgian Fluxys

BRUSSELS/AMSTERDAM, May 11 (Reuters) – Belgian municipal
holding company Publigaz is in talks to sell up to 40 percent of
its stake in Fluxys <DIST.BR>, the operator of Belgium’s network
of natural gas pipelines, its chairman said on Tuesday.

“We are thinking of selling 30 or 40 percent of the stake we
have now, which is almost 90 percent at the moment, but we have
enough with 60 percent, so we are in the process of looking at
new partners either industrial or financial,” Daniel Termont,
chairman of Publigaz, told Reuters.

Apr 22, 2010

Belgian crisis threatens economy, EU role

BRUSSELS (Reuters) – The collapse of Belgian Prime Minister Yves Leterme’s five-month-old government risks paralyzing politics at a time when vital economic decisions need to be made and an agenda set for Europe.

These are the problems Belgium faces if the crisis drags on for weeks or months.

Apr 16, 2010

Arseus Q1 boosted by drug-making pharmacists

BRUSSELS, April 16 (Reuters) – Belgian Arseus <RCUS.BR> said
a trend towards bespoke prescribing by doctors helped the
dentist chairs-to-drug ingredients specialist boost first
quarter sales and reiterate its 2010 forecast.

The company said on Friday an 11.5 percent growth in its
Fagron drugs unit pushed first-quarter sales up 7.4 percent to
96.8 million euros ($132 million), in line with the average of a
Reuters poll.

Apr 6, 2010

Bio-coal maker 4Energy sees tenfold surge in sales

AMEL, Belgium (Reuters) – Belgian bio-coal maker 4Energy Invest expects earnings to rise 10 percent in the second half of 2010, and sees sales up tenfold within four years on a surge in demand for the CO2-neutral fuel.

The firm, which makes electricity and bio-coal by burning waste wood, is planning a major international expansion and has opened an office in Brazil, is building a site in Ham, in Belgium, and is looking at sites in Germany and the UK.

    • About Ben

      "I am based in the Reuters Brussels office and I cover small and mid-size companies in Belgium and The Netherlands. Before I moved to Belgium I was based in the Reuters London office and wrote about biotechnology and chemical companies."
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