FRANKFURT (Reuters) – Sky Deutschland Chief Executive Brian Sullivan is leaving the company and two sources familiar with the matter said he was headed for a senior post at Rupert Murdoch’s 21st Century Fox [NWSNA.UL].
The German pay-TV operator, which is also part of the Murdoch empire, said on Thursday Carsten Schmidt, currently in charge of sports, advertising sales and Internet, would succeed Sullivan when he left for the United States on June 24.
FRANKFURT, March 19 (Reuters) – German forklift truckmaker
Kion gave a conservative forecast for 2015 on Thursday,
saying it expected only slight increases in orders, sales and
profits after a record 2014.
The world’s second-biggest forklift truck maker after Toyota
Industries said it expected a flat operating margin
this year in the face of fierce price competition in western
Europe, its main market, and investments to make its plants more
MANNHEIM, Germany, March 18 (Reuters) – German engineering
and services firm Bilfinger has no plans to split off
businesses that pushed the company into a deep crisis last year,
its interim chief executive said.
Bilfinger issued a string of profit warnings in 2014 as
first utilities and then oil and gas customers slashed spending
as a result of Germany’s switch to renewable energy and the
plunging oil price.
MUNICH, Germany (Reuters) – German industrial group Siemens (SIEGn.DE: Quote, Profile, Research, Stock Buzz) is not discussing a joint venture in trains with French peer Alstom (ALSO.PA: Quote, Profile, Research, Stock Buzz), its chief executive Joe Kaeser said.
Kaeser had told French daily Le Figaro earlier this month that a consolidation between European transport companies was still possible.
FRANKFURT, March 5 (Reuters) – German steel distributor
Kloeckner & Co said it saw core profit rising in 2015
thanks to restructuring and possible acquisitions, even after an
expected tough first-quarter afflicted by steep declines in U.S.
Kloeckner had told Reuters last week profits this quarter
would be “clearly below” those of a year ago but it expected
steel prices in the United States to bottom out and rise again
towards the end of the first half.
DUESSELDORF, Germany, Feb 26 (Reuters) – German steel
distributor Kloeckner & Co expects profits this
quarter to be clearly below those of a year ago as price
pressure remains intense in North America, its chief executive
told Reuters in an interview on Thursday.
Gisbert Ruehl said although demand was healthy in North
America the market was oversupplied, with high domestic prices
attracting imports from China and even the European Union. “It’s
not a demand shock, it’s a supply shock,” he said.
FRANKFURT, Feb 26 (Reuters) – German construction group
Hochtief targeted a jump of up to 37 percent in
underlying net profit for the coming year as a restructuring
programme under new Chief Executive Marcelino Fernandez Verdes
takes hold, pushing its shares higher.
Hochtief, controlled by Spain’s ACS, said 2014
underlying net profit rose 46 percent to 252 million euros
($286 million), beating its own guidance and the average
estimate of 239 million euros in a Reuters poll.
ZURICH/FRANKFURT (Reuters) – A Nestle patent for a
mechanism in its Nespresso coffee machines has been ruled
invalid by a German court, the latest blow to Nestle’s dominance
of the fastest-growing part of the coffee market.
The ruling is a victory for Switzerland’s Ethical Coffee
Company and others trying to grab a bigger piece of the
single-serve coffee market. It follows other cases in recent
months that have also gone against Nespresso.
ZURICH/FRANKFORT, Feb 24 (Reuters) – A Nestle
patent for a mechanism in its Nespresso coffee machines has been
ruled invalid by a German court after a rival claimed the
mechanism blocked its Nespresso-compatible capsules from
“The patent was declared void,” the federal German patent
court said in a statement on Tuesday announcing a decision of
ZURICH/FRANKFURT, Feb 23 (Reuters) – Swiss cement maker
Holcim said its merger with Lafarge was on
track to complete in the first half of the year as it reported a
6 percent rise in fourth-quarter core operating profit on
Monday, outpacing growth at its French peer.
Holcim’s fourth-quarter operating profit (EBITDA) rose to
1.01 billion Swiss francs ($1.06 billion), helped by
faster-than-expected cost-cutting and strong cement sales in
North America, slightly above analysts’ estimates.