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Nov 13, 2012

Sinking German investor morale fuels recession talk

MANNHEIM, Germany (Reuters) – Morale among Germany’s analysts and investors sank in November as the crisis in the euro zone pounded its top economy, which looks increasingly at risk of joining the region’s periphery in recession.

Tuesday’s unexpectedly gloomy survey from the ZEW think tank followed a run of domestic data showing the private sector contracting, business sentiment plummeting, jobless rates rising and industrial orders dropping.

Nov 13, 2012

German investor morale slips as euro crisis takes toll

MANNHEIM, Germany, Nov 13 (Reuters) – German analyst and
investor sentiment unexpectedly fell in November as the euro
zone crisis pounds Europe’s largest economy and optimism spurred
by the European Central Bank’s announcement of an unlimited
bond-buying programme wanes.

The main reading from the ZEW think tank’s monthly poll
showed economic sentiment fell to -15.7 from -11.5 in October,
coming in well below the consensus forecast in a Reuters poll of
38 analysts for a reading of -9.8.

Nov 12, 2012

Taylor Swift dominates MTV Europe awards with 3 gongs

FRANKFURT (Reuters) – Taylor Swift made up for disappointment at the Country Music Association awards with three prizes on Sunday at the MTV Europe Music Awards, one of the biggest nights in pop outside the United States.

Swift, who left the Country Music awards empty-handed less than two weeks earlier, picked up honours for Best Female, Best Live and Best Look, her haul of three matching that of teen heartthrob Justin Bieber.

Nov 12, 2012

Swift, Bieber win three apiece at MTV Europe awards

FRANKFURT (Reuters) – Taylor Swift and Justin Bieber shared the spoils in Frankfurt on Sunday at the MTV Europe Music Awards, each scooping three prizes at one of the biggest nights in the pop calendar outside the United States.

American country singer Swift, who left the Country Music Association awards empty-handed less than two weeks earlier, picked up honours for Best Female, Best Live and Best Look.

Nov 11, 2012

MTV awards bring pop glitz to Frankfurt

FRANKFURT (Reuters) – The MTV Europe Music Awards bring the pop circus to Frankfurt on Sunday, with Barbadian R&B singer Rihanna leading the nominations and the late Whitney Houston to be honored with a Global Icon award.

Houston, who was found dead in a Beverly Hills hotel bathtub on February 11, will be the third artist to be given the award, following Bon Jovi and Queen in 2010 and 2011.

Nov 9, 2012

Frankfurt gears up for Gangnam Style at MTV awards

FRANKFURT (Reuters) – The MTV Europe Music Awards will rock Frankfurt’s Festhalle concert venue on Sunday, with Barbadian R&B singer Rihanna leading the nominations and all eyes on Korean dance sensation Psy.

Psy’s hit “Gangnam Style”, which is up for the Best Video award, has been viewed more than 670 million times and received a record-breaking 4.9 million “likes” on Facebook since being released in mid-July.

Nov 8, 2012

Adidas cuts 2012 sales forecast on Reebok woes

FRANKFURT (Reuters) – German group Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) has trimmed its 2012 sales forecast amid a continuing sales slump at Reebok, whose sales have fallen sharply for a second quarter.

The world’s second-largest sportswear group after U.S. rival Nike (NKE.N: Quote, Profile, Research, Stock Buzz) said on Thursday it now expected 2012 sales to rise by a high single-digit percent, compared with a previous forecast for a rise of almost 10 percent.

Nov 2, 2012

Beiersdorf raises outlook as Nivea strategy bears fruit

FRANKFURT, Nov 2 (Reuters) – Nivea cream maker Beiersdorf
raised its sales growth forecast for the year after a
strategy to pursue new markets and products paid off in a
larger-than-expected 30 percent rise in third-quarter profit.

Shares in the group, controlled by the Herz family, jumped 6
percent on Friday after new CEO Stefan Heidenreich said the
company’s Blue Agenda plan “is starting to bear fruit” and that
group sales are now expected to rise by between 3 and 4 percent,
compared with a previous target of 3 percent.

Oct 30, 2012

Metro profits fall 35 pct as shoppers trim budgets

FRANKFURT, Oct 30 (Reuters) – German retailer Metro
reported a bigger-than-expected plunge in quarterly
profit as it cut prices to lure crisis-hit customers, and warned
the outlook, even at home, was worsening.

Retailers across Europe have been feeling the pain as
shoppers hit by rising unemployment, higher prices and low wage
growth hold back on spending on non-essential items, especially
on non food purchases such as electronics.

Oct 24, 2012

Weak Europe and revamp costs hammer Puma profit

FRANKFURT, Oct 24 (Reuters) – Sportswear brand Puma
posted an 85 percent plunge in quarterly earnings, hit
by weak European markets, slowing growth in Asia, and the cost
of a revamp aimed at boosting innovation and future profits.

The German company, a distant third in the sporting goods
industry behind Nike and Adidas, said on
Wednesday it was cutting more costs in a bid to protect
earnings, without giving details.

    • About Victoria

      "Based in Frankfurt, covering German companies in the retail, travel and leisure sectors. In my previous Reuters incarnation in London, I focused on green tech firms, utilities and an array of smallcaps that came my way on the Breaking News team. I started my career as a translator with the Financial Times in London before switching into journalism."
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