AMSTERDAM (Reuters) – Philips (PHG.AS: Quote, Profile, Research, Stock Buzz) raised most of its financial targets and announced plans to return 1.5 billion euros ($2 billion) to shareholders, saying it would reap the benefits of a two-year revamp to focus on healthcare, lighting and consumer appliances.
However, the Dutch group warned of tough conditions in many of its markets and the new goals fell short of some analysts’ hopes, sending its shares lower in early Tuesday trading.
AMSTERDAM, Sept 13 (Reuters) – It would be the envy of
forgers: a technology that can mint near-perfect reproductions
of Vincent Van Gogh’s paintings at a rate of three a day, with
differences only experts can detect.
So far, five of the Dutch painter’s best-known works,
including “Sunflowers” and “The Harvest”, have undergone the
treatment in a project backed by Amsterdam’s Van Gogh Museum
using technology developed by the Fujifilm unit of Fujifilm
AMSTERDAM/MEXICO CITY (Reuters) – An independent foundation tasked with protecting the interests of KPN (KPN.AS: Quote, Profile, Research, Stock Buzz) shareholders on Thursday moved to block Carlos Slim’s proposed 7.2 billion-euro ($9.52-billion) offer for the Dutch telecoms group, casting doubt over his expansion plans in Europe.
Slim’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) (AMX.N: Quote, Profile, Research, Stock Buzz) already holds nearly 30 percent of KPN, but the surprise move by the KPN foundation against his firm’s offer underlines the difficulty the tycoon faces in extending his telecoms empire outside of Latin America.
AMSTERDAM/MADRID (Reuters) – Telefonica has raised its bid for KPN’s German arm by 6 percent to 8.55 billion euros ($11.5 billion), winning over top KPN investor America Movil and setting the stage for consolidation in Europe’s largest mobile market.
The Spanish telecoms group’s original deal to buy KPN’s E-Plus unit was thrown into doubt earlier this month when Mexican billionaire Carlos Slim’s America Movil said it would launch a bid for the shares in KPN it does not already own.
AMSTERDAM/MADRID, Aug 26 (Reuters) – Spain’s telecom giant
Telefonica improved its offer for KPN’s German
unit E-Plus, winning support from the Dutch telecom group’s
biggest shareholder, America Movil.
Mexican billionaire Carlos Slim’s group, which now owns
29.77 percent of KPN, said it still plans to go ahead with its
separate 7.2-billion-euro ($9.65 billion) bid in cash for the
remaining shares in the Dutch group it does not already own.
AMSTERDAM, Aug 23 (Reuters) – State-owned Dutch lender ABN
AMRO warned on Friday that the weak domestic economy
would lead to higher bad debts, underlining the challenge the
government faces as it prepares for the bank’s eventual sale.
The Netherlands is expected to push ahead with an initial
public offering (IPO) despite current valuations pitching its
value at less than half the 30 billion euros ($40 billion) the
government poured into its 2008 rescue.
AMSTERDAM, Aug 22 (Reuters) – Rabobank, one of
several banks named by the authorities in the international
Libor interest rate rigging scandal, has made an unspecified
provision in its first-half results for settling with
The Dutch cooperatively-owned bank expects certain
regulatory agencies and authorities to conclude their
investigations this year, it said in a statement on Thursday.
AMSTERDAM/BRUSSELS, Aug 14 (Reuters) – An independent
foundation that can block a takeover of Dutch telecoms group KPN
has expressed concern over the proposed 7.2 billion
euro ($9.6 billion) bid by Mexican billionaire Carlos Slim’s
America Movil (AMX) said on Friday it wanted to buy the 70
percent of KPN that it does not already own, in a challenge to
its Spanish arch-rival Telefonica which last month
offered to buy KPN’s German business E-Plus – its crown jewel -
for $11 billion.
AMSTERDAM, Aug 7 (Reuters) – Dutch financial group ING
beat second-quarter profit forecasts at its main
banking business and said it was looking at further possible
cost savings as it continues to slim down in a drive to recover
from the financial crisis.
ING shares rose nearly 4 percent to 8.17 euros in early
Wednesday trading, their highest since 2011.
AMSTERDAM, July 25 (Reuters) – Anglo-Dutch information group
Reed Elsevier increased its share buyback
programme and announced a bigger than expected interim dividend
on Thursday as it continues to expand its electronic publishing
and professional events businesses at a faster pace than print
Shares in Reed, which competes with Thomson Reuters
and Dutch publisher Wolters Kluwer NV, were up 3
percent in London at 826 pence by 1032 GMT while the
Amsterdam-listed shares were up 2.6 percent at 14.06 euros.