FRANKFURT (Reuters) – Airlines including Deutsche Lufthansa will have to cancel hundreds more flights to and from Frankfurt on Friday as a strike by airfield workers continues at the airport, Europe’s third-largest hub.
Trade union GdF on Thursday asked about 200 apron controllers who guide planes in and out of parking slots to walk off the job for 14 hours on Friday in addition to a seven-hour strike that started at 1400 GMT and resulted in 150 flight cancellations.
HANOVER, Germany, Feb 15 (Reuters) – German travel
group TUI AG is eyeing a new wave of holidaymakers
from emerging countries such as Brazil, Russia, India and China
for future growth after setting out plans to exit its shipping
TUI AG, which controls Europe’s largest travel group TUI
Travel, said a deal on Tuesday to sell part of its stake
in shipper Hapag-Lloyd with the option to either float
or sell the rest to other investors was an important step in its
long-held aims to cut debt and focus on tourism activities.
FRANKFURT, Jan 25 (Reuters) – German consumer goods
group Beiersdorf beat forecasts for 2011 profit,
helped by a restructure that axed unprofitable lines like
haircare and make-up and by heavy investment in its Nivea brand,
including campaigns that featured singer Rihanna.
After losing market share to rivals in recent years,
Beiersdorf, which also makes La Prairie luxury skincare and
Labello lip balm, refocused its product line last year.
GENEVA (Reuters) – Simple elegance for debt-ridden Europe, glitzy diamonds and gold for booming Asia.
The pieces being unveiled by Switzerland’s luxury watchmakers at the Geneva watch fair harked back to bygone eras with classic shapes, roman numerals and a good dash of gold to lend a sheen to troubled economic and political times.
GENEVA, Jan 18 (Reuters) – Swatch Group’s
decision to lower watch part supplies to rival watchmakers this
year has already impacted the industry, forcing some brands to
hold back production and others to scramble for alternatives,
executives told a fair this week.
The outlook for 2012 might be more gloomy than it was for
2011 but the Swiss watch industry is enjoying record demand,
having recovered much faster than expected from the 2008/2009
downturn, putting unprecedented pressure on its production base.
GENEVA (Reuters) – Swiss watchmakers expect slower growth this year after a record 2011 as strong demand from Asia is unlikely to make up for weakness in America and Europe, executives at the Geneva watch fair warned this week.
Demand might not have softened yet for some but many watch brands predict that worries about euro zone debt and unemployment in America will weigh on discretionary spending.
GENEVA, Jan 17 (Reuters) – Metro, the
world’s fourth-biggest retailer, has halted the sale of its
Kaufhof department stores, blaming a difficult economic backdrop
which also knocked fourth-quarter sales as cash-strapped
Europeans cut spending on non-essentials.
“We have always stressed that a sale must reflect the
potential of Galeria Kaufhof. Currently, the earnings potential
can be better tapped by us than by a sale”, chief executive Olaf
Koch said on Tuesday.
ZURICH/GENEVA, Jan 16 (Reuters) – Sales growth at
Richemont held up in the company’s third quarter,
easing fears the sector might be in for a marked slowdown this
year and allowing the Swiss luxury goods group to confirm its
profit goal for the year.
The maker of Cartier jewellery and IWC watches said on
Monday sales rose 24 percent at constant exchange
rates between October and December against the year before,
beating forecasts for a 20 percent rise in a Reuters poll.
FRANKFURT (Reuters) – The family of Douglas Holding AG (DOHG.DE: Quote, Profile, Research, Stock Buzz) Chief Executive Henning Kreke aims to take the German fragrance-to-jewelry retailer private with the help of financial investors.
“The Kreke family fully backs the Douglas Group and is considering raising its stake jointly with financial investors,” Kreke told Reuters in e-mailed comments on Thursday.
ABERDEEN, Scotland (Reuters) – The northern Scottish town of Aberdeen is much maligned for being as grey as its nickname of the Granite City suggests but its compact city centre can sparkle when the sun shines off its grey stone buildings.
The oil capital of Europe, a North Sea base for the likes of BP, Shell and Exxon and also home to a fledgling offshore renewables industry, is a useful starting point for exploring the whisky distilleries, castles, Highlands and golf links of the northeastern region of Scotland.