European Technology, Media and Telecoms Correspondent
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Mar 30, 2015

McDonald’s starts table service in Germany

FRANKFURT (Reuters) – McDonald’s Corp is introducing table service in Germany as it reinvents itself as a “modern, progressive burger company” under new Chief Executive Steve Easterbrook.

The world’s biggest fast-food chain has been testing myriad new ideas, including kiosk ordering, custom burgers and even a completely new restaurant brand in a bid to revive slumping sales and better compete with more nimble chains ranging from Chipotle Mexican Grill Inc to Burger King.

Mar 26, 2015

Sky Deutschland CEO Sullivan quits for Fox -sources

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.

Mar 19, 2015

Kion’s cautious forecasts hit shares after record year

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
efficient.

Mar 18, 2015

Bilfinger CEO sees no breakup despite crisis

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.

Mar 17, 2015

Siemens CEO plays down idea of rail venture with Alstom

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.

Mar 5, 2015

Kloeckner & Co sees higher 2015 core profit despite tough Q1

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.
steel prices.

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.

Feb 26, 2015

Kloeckner & Co sees U.S. as its most attractive market

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.

Feb 26, 2015

Hochtief targets 2015 profit jump after 2014 beat

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.

Feb 24, 2015

German court rules Nespresso mechanism patent invalid

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.

Feb 24, 2015

German court rules Nespresso capsule patent invalid

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
working.

“The patent was declared void,” the federal German patent
court said in a statement on Tuesday announcing a decision of
Feb. 12.

    • About Georgina

      "Currently based in London, with particular responsibility for professional publishers and the European activities of global technology, media and telecoms firms. Previously European technology correspondent based in Frankfurt. Began career in local radio in Glasgow and then worked in TV news for many years for Reuters, the BBC and Sky News in London and Moscow."
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