FRANKFURT, Aug 9 (Reuters) – German air traffic controllers
will not strike on Tuesday morning, after their employer agreed
to mediation at the last minute.
Shortly after midnight, a judge in Frankfurt rejected an
appeal from the air traffic controllers’ authority, the DFS,
thus allowing a six-hour strike planned by air traffic
controllers’ union GdF for 0400-1000 GMT on Tuesday to go
FRANKFURT, Aug 8 (Reuters) – A Frankfurt court said
Germany’s air traffic controllers can strike for six hours on
Tuesday morning in a dispute over pay and conditions, a move
which will disrupt thousands of flights in a busy summer week.
The DFS air traffic authority said on Monday it would appeal
the decision by the court to reject calls for an injunction to
prevent the stoppage, which will take place from 0400 GMT until
1000 GMT on Tuesday.
FRANKFURT (Reuters) – Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) raised its year forecasts again on Thursday after demand for its three-stripe branded sportswear from Chinese and U.S. customers led to a 5 percent rise in second quarter sales.
Adidas, the world’s second-largest sports clothing company after Nike (NKE.N: Quote, Profile, Research, Stock Buzz), has already raised its sales outlook twice this year as demand for sportswear soars.
LONDON/FRANKFURT (Reuters) – Some of Europe’s biggest consumer goods groups defied high input costs and tepid demand to report higher sales.
Unilever, Adidas and Beiersdorf raised prices, saw strong demand in China and benefited from a warm spring in Europe.
Aug 4 (Reuters) – * Q2 sales 1.495 bln eur vs Rtrs poll
avg 1.48 bln
* Q2 adj EBIT 183 mln eur vs poll avg 172 mln
* Sees slight increase in 2011 sales
* Shares rise over 5 percent
(Adds CEO comment, shares, Tesa unit)
FRANKFURT, Aug 4 (Reuters) – Beiersdorf reported a
return to growth at its core consumer division in the second
quarter as a massive marketing drive to entice customers back to
its Nivea skincare brand took effect.
Beiersdorf, which has launched a 100th anniversary campaign
for Nivea featuring singer Rihanna, said sales at the consumer
division rose 1.6 percent after having fallen by the same
percentage in the first quarter.
DUESSELDORF (Reuters) – Metro (MEOG.DE: Quote, Profile, Research, Stock Buzz), the world’s No.4 retailer, said it was getting harder to meet its full-year profit target as the global economic recovery falters and shoppers fret about the European debt crisis and higher food prices.
The German group, which runs cash and carry wholesale outlets, hypermarkets, electricals shops and department stores, missed forecasts on Tuesday with an 8 percent drop in second-quarter underlying earnings.
FRANKFURT, July 28 (Reuters) – Lufthansa joined
other airlines in reporting results battered by high fuel costs,
and said capacity would not grow as quickly as previously
planned over the winter.
Fuel costs soared 24.6 pct to 3 billion euros ($4.3 billion)
in the first half, Lufthansa said in its interim report on
FRANKFURT, July 26 (Reuters) – German sportswear maker Puma
chalked up record sales in the second quarter, as
consumers across Asia and Latin America stocked up on running
shoes with the jumping cat logo.
FRANKFURT, July 26 (Reuters) – Group earnings at German
retailer Metro AG will not be affected by a weaker
than expected second quarter at its electronic goods division
MediaMarkt-Saturn (MMS), it said on Tuesday.
“Except for Media-Saturn, all sales divisions of Metro Group
are within market expectations,” Finance Director Olaf Koch said
in a statement on Tuesday as the group reaffirmed its forecast
of a rise of around 10 percent in its full-year profit before
FRANKFURT, July 19 (Reuters) – Sportswear group Adidas
(ADSGn.DE: Quote, Profile, Research, Stock Buzz) is confident of meeting its guidance for 2011 its
chief executive told Reuters, in spite of concerns that rising
material costs could affect the sector.
“I am confident we will deliver another year of strong
financial performance in line with the guidance we have provided
for the full year 2011,” Herbert Hainer said in a statement
emailed to Reuters on Tuesday.