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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.

Sep 19, 2012

France, Germany to seek common position on EADS-BAE

BERLIN/FRANKFURT (Reuters) – The leaders of France and Germany will seek a common position at a series of meetings this week on a $45 billion defense merger that could involve them having to giving up strategic influence in aerospace group EADS (EAD.PA: Quote, Profile, Research, Stock Buzz).

After talks on a tie-up between EADS and Britain’s BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) were leaked last week, government officials from across Europe have this week been setting out their views on the deal.

Sep 14, 2012

Airlines grapple with food vs. biofuel debate

BERLIN (Reuters) – Airlines battling to cut costs and pollution may not find a quick fix in biofuels, as concerns grow that using feedstocks to create an alternative to kerosene will push food prices higher.

The European Union plans to impose a limit on the use of crop-based biofuels, in a major shift in the region’s much-criticized biofuel policy, according to draft legislation seen by Reuters.

Sep 14, 2012

BAE talks may spur European drone development

BERLIN, Sept 14 (Reuters) – A merger between EADS
and Britain’s BAE Systems could strengthen European
efforts to develop unmanned ariel drones, after competition
between the two firms allowed the United States and Israel to
dominate a growing market.

The attacks on the United States of Sept. 11, 2001 ended
official scepticism over the value of drones and Airbus maker
EADS has spent years and around 500 million euros ($645 million)
working on the Talarion drone in the hope of an order from the
project’s instigators France, Germany and Spain.

Sep 14, 2012

Airbus ministers seek EU CO2 plan delay: Hintze

BERLIN (Reuters) – Aerospace officials of the European countries where Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) makes its planes will push for a suspension of the European Union’s Emission Trading System (ETS) for airlines to avert retaliation from China, an official said on Tuesday.

The German government official in charge of aerospace policy, Peter Hintze, said after a meeting of the so-called Airbus ministers from Britain, France, Germany and Spain that they would propose to their national governments that payments under the ETS should be delayed beyond the planned April start.

Sep 14, 2012

Airbus ministers seek EU emission scheme delay-Hintze

BERLIN, Sept 11 (Reuters) – Aerospace officials of the
European countries where Airbus makes its planes will
push for a delay to the start of the European Union’s Emission
Trading System (ETS) for airlines to avert retaliation from
China, an official said on Tuesday.

The German government official in charge of aerospace
policy, Peter Hintze, said after a meeting of the so-called
Airbus ministers from Britain, France, Germany and Spain that
they would propose to their national governments that payments
under the ETS should be delayed beyond the planned April start.

Sep 13, 2012

Airbus ministers seek suspension of EU emissions plan -Hintze

BERLIN, Sept 11 (Reuters) – Aerospace officials of the
European countries where Airbus makes its planes will
push for a suspension of the European Union’s Emission Trading
System (ETS) for airlines to avert retaliation from China, an
official said on Tuesday.

The German government official in charge of aerospace
policy, Peter Hintze, said after a meeting of the so-called
Airbus ministers from Britain, France, Germany and Spain that
they would propose to their national governments that payments
under the ETS should be delayed beyond the planned April start.

Sep 13, 2012

Airbus ministers seek delay to EU emission trade scheme -Hintze

BERLIN, Sept 11 (Reuters) – Aerospace officials of the
European countries where Airbus makes its planes will
push for a delay to the start of the European Union’s Emission
Trading System (ETS) to avert retaliation from China, an
official said on Tuesday.

The German government official in charge of aerospace
policy, Peter Hintze, said after a meeting of the so-called
Airbus ministers from Britain, France, Germany and Spain that
they would propose to their national governments that payments
under the ETS should be delayed beyond the planned April start.

Sep 13, 2012

BAE talks show defence sector’s civil appetite

BERLIN, Sept 13 (Reuters) – Merger talks between Airbus
owner EADS and Britain’s BAE Systems highlight
the scramble for defence companies to offset shrinking revenues
from military budget cuts with more commercial civilian
activities.

In what could produce the biggest shake-up in Europe’s
aerospace and defence sector in more than a decade, the two
companies said on Wednesday they were in advanced talks, just as
global aerospace companies discussed ways to compensate for
elusive defence contracts at the ILA Berlin Air Show.

Sep 13, 2012

BAE, EADS talks may spur more mergers

LONDON/WASHINGTON (Reuters) – In the biggest shake-up in Europe’s aerospace and defense sector in more than a decade, Britain’s BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) and Airbus-owner EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) said they are in advanced talks to create an industry giant that would overtake rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz) in sales and contend with defense cutbacks in Europe and the United States.

The proposed deal, the biggest since a 2000 pan-European merger created EADS under joint French and German control, could kick-start a wave of consolidation in the sector, as companies vie for shrinking defense budgets.

    • 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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