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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.

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.

    • 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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