FRANKFURT, Oct 23 (Reuters) – Germany’s MTU Aero Engines
reported better than expected results on Wednesday,
helped by demand for engines for new passenger jets, and
affirmed its outlook for the year.
Global airlines will buy more than $3.5 trillion of aircraft
over the next 20 years, to meet demand for travel to and from
emerging markets and renew ageing fleets in the West, according
to the world’s big two planemakers, helping suppliers such as
GKN and MTU.
ZURICH, Oct 15 (Reuters) – Swiss elevator manufacturer
Schindler cut its 2013 profit forecast again on
Tuesday as weak currencies and overseas expansion took their
toll on third-quarter results, sending its shares down 6
The group, which competes with ThyssenKrupp, Kone
and Otis, said it now expected 2013 net
profit of between 500 and 550 million Swiss francs ($551-$606
million), compared with an already-lowered forecast of between
550 and 600 million made in August.
Munich (Reuters) – A decade ago, waitresses at Oktoberfest were the only ones in dirndls, the Bavarian peasant-inspired, corseted dresses featuring white blouses and colored aprons, and trendy Berliners wouldn’t dream of dancing to oompah music in public.
Now, Munich’s annual beer festival is a sea of traditionally-clad tourists, with revelers from as far away as Canada, Mexico and Iran donning dirndls or the equivalent outfits for men – lederhosen and checked shirts.
FRANKFURT (Reuters) – Reebok is turning to sponsorship deals with prominent fitness groups to try to revive a venerable name that has faded since it became part of Germany’s Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) sportswear group eight years ago.
The sports shoe and clothing brand is winning converts among hardcore sports enthusiasts and aims to build on this support to make up ground it has lost to rivals such as global market leader Nike (NKE.N: Quote, Profile, Research, Stock Buzz).
LONDON/FRANKFURT (Reuters) – Can a British food chain with U.S. origins sell Italian pizza to the Germans?
Domino’s Pizza (DOM.L: Quote, Profile, Research) is sure it can, but two years after launching a drive for explosive growth across Germany, Britain’s biggest pizza delivery firm accepts that expansion will take longer and be harder than first expected.
LONDON/FRANKFURT, Sept 25 (Reuters) – Can a British food
chain with U.S. origins sell Italian pizza to the Germans?
Domino’s Pizza is sure it can, but two years after
launching a drive for explosive growth across Germany, Britain’s
biggest pizza delivery firm accepts that expansion will take
longer and be harder than first expected.
FRANKFURT, Sept 19 (Reuters) – German sports apparel maker
Adidas warned on 2013 profit on Thursday, saying
adverse currency effects, a distribution problem in Russia and
poor trading at its golf business meant targets were no longer
The group, second behind market leader Nike in the
$245 billion global sportswear market, had already lowered its
2013 sales target last month after weak European trading and
unfavourable currency movements hit second-quarter results.
MANNHEIM, Germany (Reuters) – German analyst and investor sentiment jumped more than expected in September thanks to the improved outlook for the euro zone, a survey showed on Tuesday in welcome news for Chancellor Angela Merkel who is seeking a third term in an election on Sunday.
A monthly poll of economic sentiment rose to 49.6 from 42.0 in August, ZEW economic think tank said, reaching the highest level since April 2010 and surpassing the consensus forecast in a Reuters poll for a rise to 46.0.
FRANKFURT/LONDON (Reuters) – Violence sweeping Egypt hit the nation’s tourism industry on Friday as European governments warned holidaymakers to stay away from its Red Sea resorts, prompting some travel agents to stop all trips to Egypt.
German tour operators Thomas Cook Germany and TUI Germany, part of Europe’s largest tour operator TUI Travel, canceled all trips to Egypt after the German foreign ministry advised against travelling to the beach resorts popular with European sun-seekers and divers.
FRANKFURT (Reuters) – German sporting goods firm Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) cut its sales forecast for 2013 after weak European trading and adverse currency movements took their toll in the second quarter.
The world’s second largest maker of sportswear and goods after Nike (NKE.N: Quote, Profile, Research, Stock Buzz) said it now expected group sales to rise by a low to mid single-digit percentage in 2013, compared with previous guidance for a mid single-digit rate.