VIENNA, Sept 6 (Reuters) – Alexander Proschofsky is happy to
be one of a kind but would sometimes welcome company from others
prepared to campaign against underperforming corporate
executives in Austria.
The 43-year-old founder of Cube Invest, best known for his
leadership of a 2007-08 shareholder revolt against Julius Meinl
over the management of his namesake bank, is a rare example of
an activist investor in a culture where consensus is the norm.
VIENNA, Sept 3 (Reuters) – Nokia’s $7.2 billion
sale of its core phones division to Microsoft leaves
three disparate high-quality business units whose value should
benefit from the deal.
The central operating business will now be the cleaned-up
networks unit NSN – once again profitable and wholly owned by
Nokia after buying out former partner Siemens – along
with a mapping unit and a valuable collection of patents.
ALPBACH, Austria, Aug 29 (Reuters) – Major central banks’
reassurances that interest rates will stay low for some time are
giving markets “a certain security”, a European Central Bank
policymaker said on Thursday.
Another European official, however, warned against
complacency and said it was too soon to say the euro zone crisis
ALPBACH, Austria (Reuters) – The fragile European economic recovery seen in the second quarter should continue into next year and become more solid, the European Commission’s top economics official told Reuters on Thursday.
Olli Rehn said greater fiscal credibility in euro zone countries, action by the European Central Bank to stabilize markets and better economic governance had all strengthened the currency bloc’s ability to withstand political shocks.
ALPBACH, Austria (Reuters) – Major central banks’ reassurances that interest rates will stay low for some time are giving markets “a certain security”, a European Central Bank policymaker said on Thursday.
Another European official, however, warned against complacency and said it was too soon to say the euro zone crisis was over.
VIENNA/DUBLIN, Aug 20 (Reuters) – Two major European
building suppliers said on Tuesday they saw only gradual
stabilisation in Europe, disappointing markets that had expected
better news given recent positive economic data.
Wienerberger, the world’s largest brickmaker, said
construction activity in its major markets of France, Benelux
and eastern Europe was lagging the United States and Britain,
and Ireland’s CRH cut its full-year earnings outlook.
VIENNA, Aug 13 (Reuters) – Surprisingly strong refining and
marketing results helped take the sting out of a
steeper-than-expected drop in second-quarter underlying profit
at Austrian oil and gas group OMV on Tuesday.
OMV said its results were hurt by lower sales volumes and
crude prices, a weak dollar and write-offs, mainly in the
exploration and production areas on which it is focusing.
VIENNA, Aug 12 (Reuters) – Telekom Austria
sidestepped suggestions on Monday that major shareholder Carlos
Slim might try to take the company over after the Mexican tycoon
bid for the rest of its Dutch peer KPN.
Unveiling results showing competition remained cutthroat,
Chief Executive Hannes Ametsreiter declined comment on bid
speculation that pushed Telekom Austria’s share price sharply
higher on Friday.
VIENNA (Reuters) – Austria’s Voestalpine (VOES.VI: Quote, Profile, Research, Stock Buzz) said it saw the first signs of stabilization at a low level in the steel market, lifting its confidence in its forecast for stable profit this year.
The specialized steel products maker continued to show resilience to the downturn that has afflicted the $500 billion steel industry, a gauge of broader economic health, as demand drops in Europe and Chinese growth momentum slows.
VIENNA (Reuters) – Austria’s Green party is counting on its squeaky-clean image to propel it into the next government after a run of successes in provincial elections that few had predicted, its leader told Reuters on Tuesday.
The Greens hit home this year with an anti-corruption campaign that directly targeted the establishment parties and their corporate interest networks, a system that has dominated in Austria since World War Two.