AMSTERDAM, April 13 (Reuters) – The Dutch government and its
ally are near to agreeing a multi-billion euro package of budget
cuts, media reported on Friday, a temporary respite in
political tensions that could have major repercussions for
Europe’s crisis-fighting fiscal pact.
The aim is to cut 10 billion to 16 billion euros ($13
billion to $21 billion) to curb a bloated deficit that is in
danger of putting the Netherlands in the same boat as Spain and
AMSTERDAM, April 10 (Reuters) – Dutch maritime oil and gas
engineer SBM Offshore, which recently posted losses
arising from disputes with clients, on Tuesday warned it had
found evidence of possibly “improper” sales practices involving
SBM said last year its management board had launched a
review of the company’s compliance procedures, including
anti-corruption guidelines, and their implementation.
AMSTERDAM (Reuters) – Child psychologist Denise Dulcic has suffered first-hand the economic downturn and fiscal squeeze that is gripping the Netherlands and says she is “just surviving”.
When the government cut back on subsidies for the disabled in a package of austerity measures intended to bring a bloated budget deficit under control, Dulcic’s contract working with disabled youths at a secondary school was not renewed.
AMSTERDAM, March 23 (Reuters) – Anti-immigration politician
Geert Wilders holds in his hands the fate of the Dutch
government and of austerity measures meant to save the country
from economic crisis. Immigrant groups fear, however, they could
pay the price he demands for his support.
“It is threatening,” said Ahmet Azdural, director of Turkish
lobby group IOT which was set up to promote minority issues. “In
the last 10 years, the climate has really changed for immigrants
and people who are different.”
AMSTERDAM, March 1 (Reuters) – Dutch grocer Royal
Ahold NV warned that first-quarter sales growth would
reflect the difficult economic environment after a slow start to
2012 as a weak domestic economy and high fuel prices in the
United States constrained consumer spending.
Ahold, which owns leading Dutch supermarket chain Albert
Heijn and makes about 60 percent of its sales in the United
States, said shoppers would remain cost-conscious, and
competition in the food retail industry was likely to be
AMSTERDAM (Reuters) – When Dutch mail firm PostNL NV (PTNL.AS: Quote, Profile, Research, Stock Buzz) reports results on Monday it will be its comments on a multi-billion euro bid situation that are most likely to grab investors’ attention.
PostNL is the biggest single investor in freight and delivery firm TNT Express NV (TNTE.AS: Quote, Profile, Research, Stock Buzz), subject of a 9 euros per share approach from United Parcel Service Inc (UPS.N: Quote, Profile, Research, Stock Buzz).
AMSTERDAM (Reuters) – Dutch freight and delivery group TNT Express (TNTE.AS: Quote, Profile, Research, Stock Buzz) posted weaker-than-expected results and highlighted a bleak economic outlook, undermining its attempts to extract a higher price from suitor United Parcel Service (UPS.N: Quote, Profile, Research, Stock Buzz) and attract others.
TNT, which said on Friday it was still in talks with UPS after rejecting a 4.9 billion euro ($6.5 billion) bid, swung to a fourth-quarter operating loss, hit by an impairment charge at its troubled Brazilian business, where it has struggled to integrate acquisitions.
AMSTERDAM, Feb 21 (Reuters) – Dutch freight and
delivery group TNT Express posted weaker-than-expected
quarterly results and highlighted a bleak economic outlook,
undermining its attempts to extract a higher price from its
suitor and attract others.
TNT, which said on Friday it was still in talks with United
Parcel Service after rejecting a 4.9 billion euro ($6.5
billion) bid, swung to a fourth-quarter operating loss, hit by
an impairment charge at its troubled Brazilian business.
AMSTERDAM/LONDON, Feb 20 (Reuters) – Investors in
Dutch freight and delivery firm TNT Express (TNTE.AS: Quote, Profile, Research) are
pressing for a higher offer from U.S.-based United Parcel
Services (UPS.N: Quote, Profile, Research), driving shares up more than 50 percent on
TNT said on Friday it had rejected an offer from UPS, the
world’s largest package delivery company, of 9 euros per share
which valued the company at 4.9 billion euros ($6.45 billion),
but that both companies were still in talks. [ID:nL5E8DH455]
AMSTERDAM, Feb 20 (Reuters) – With TNT Express
in play after rejecting United Parcel Service’s
4.9 billion euro offer, the stock will be in focus on
Monday, and investors will look beyond the numbers when the
Dutch freight and delivery firm reports results on Tuesday.
TNT said on Friday it is still in talks after turning down
UPS’s offer of 9 euros per share, a 42 percent premium to TNT’s
closing price of 6.343 euros.