BRUSSELS, May 30 (Reuters) – Recticel sees
Europe’s insulation market expanding by five to 10 percent each
year and its polyurethane sector growing even faster following
increases in heating costs and the introduction of tighter rules
on energy efficiency for new houses.
Insulation is the smallest of the Belgian foam producer’s
four divisions, but it has posted the fastest growth since 2006,
with annual sales more than doubling in six years.
The Belgian city of Ghent has scrapped its ban on civil servants wearing headscarves after its Socialist and Green majority overturned a measure imposed in 2007 when center-right parties dominated the city council.
BRUSSELS, May 23 (Reuters) – SABMiller, the world’s
second-biggest brewer, forecast margin expansion in the year
ahead after profit grew in line with expectations thanks to a
surge in earnings in Latin America and Africa.
The maker of Grolsch, Peroni and Pilsner Urquell, said on
Thursday it expected trading conditions to be broadly unchanged
in the next 12 months, with strong growth in developing markets
and difficulties in Europe and the United States.
BRUSSELS (Reuters) – ArcelorMittal (ISPA.AS: Quote, Profile, Research, Stock Buzz), the world’s largest steelmaker, defied fears of a profit warning on Friday and kept its earnings forecast for this year, helped by deep cost cutting in Europe.
Shares in the firm, which makes 6-7 percent of global steel, jumped as much as 7.5 percent after it posted a smaller-than-expected fall in first-quarter core profit and said the cost savings and its mining activities would help earnings improve in the months ahead.
LUXEMBOURG, May 8 (Reuters) – The world’s largest steelmaker
ArcelorMittal suffered in the first quarter from “very
weak” demand in Europe and falling iron ore prices, its chief
executive said on Wednesday ahead of results due on Friday.
The company, which makes some 6-7 percent of the world’s
steel, has said it sees global steel consumption up 3 percent
this year, but European demand falling by between 0.5 and 1.5
percent after a 9 percent drop in 2012.
BRUSSELS, April 30 (Reuters) – Anheuser-Busch InBev
, the world’s largest brewer, cut its sales forecast for
Brazil, its second-biggest market, in part because rising food
prices are reducing the amount of money that consumers there
have to spend on beer.
Shares in the maker of Budweiser, Stella and Beck’s fell
around 3 percent on Tuesday after it missed first-quarter profit
forecasts and said Brazilian sales volumes were likely to be
flat or down by a low-single-digit percentage this year. It had
previously forecast low-to-mid single digit growth in Brazil.
BRUSSELS, April 24 (Reuters) – Heineken, the
world’s third largest brewer, said austerity-hit Europe and
inflation in Nigeria had lowered its expectations for growth
this year, after its beer sales fell in every region except Asia
in the first three months.
The Dutch brewer, which along with rivals is looking
increasingly to Asia for growth, said on Wednesday that sales
volumes and revenues would grow this year, but probably at rates
lower than in 2012.
DUBLIN (Reuters) – Companies would race to profit from a free trade agreement (FTA) between the European Union and the United States, bringing a near instant boost to both economies, the head of the U.S. Chamber of Commerce said.
“If they made a deal tomorrow, U.S. and European companies are sitting on a boatload of cash and they’d be moving this thing up as fast as they can move,” Thomas Donohue, president of the U.S. Chamber of Commerce, said after a EU-U.S. trade conference in Dublin.
DUBLIN (Reuters) – France said on Thursday it would block proposed negotiations on a free trade agreement between the European Union and the United States unless cultural sectors, such as television and radio, were excluded from the talks.
Trade ministers held an unprecedented informal meeting in Dublin on Thursday on the negotiations, which the Commission and most member states want to launch by the end of June. The talks are likely to last two years.
DUBLIN, April 18 (Reuters) – France said on Thursday it
would block proposed negotiations on a free trade agreement
between the European Union and the United States unless cultural
sectors, such as television and radio, were excluded from the
Trade ministers held an unprecedented informal meeting in
Dublin on Thursday on the negotiations, which the Commission and
most member states want to launch by the end of June. The talks
are likely to last two years.