Ole Mikkelsen

Denmark's DSV eyes more big acquisitions in fragmented freight market

Oct 04 2016

COPENHAGEN Denmark's DSV, which became the world's fifth largest freight transportation company by buying up competitors, is considering more large acquisitions to expand in a fragmented market despite weak growth in global trade.

Freight rates jump as Hanjin collapse spurs supply shock

Sep 02 2016

COPENHAGEN The cost of transporting containers from ports in Asia to Northern Europe and the United States jumped this week after the collapse of South Korean Hanjin Shipping Co Ltd. | Video

Payments company Nets to set listing plan in motion next week

Aug 26 2016

COPENHAGEN Denmark-based card payment services company Nets aims to publish its plan for an initial public offering (IPO) next week, two people involved in the process told Reuters.

In surprise move, Iceland cuts interest to tame its currency

Aug 24 2016

Iceland's central bank on Wednesday cut its key deposit interest rate by 50 basis points to 5.25 percent because monetary policy earlier this year has been more successful than expected, the central bank said.

Maersk Line quits 10 Chinese ports, to focus on profitable ones

Aug 09 2016

COPENHAGEN Maersk Line, the world's biggest container shipper, has decided to stop services to and from 10 ports in China as part of a drive to reduce costs.

DONG Energy shares jump after biggest European IPO this year

Jun 09 2016

By Jacob Gronholt-Pedersen, Ole Mikkelsen and Nikolaj Skydsgaard

DSV beats first-quqarter forecasts, says preparing for Brexit vote

May 12 2016

COPENHAGEN Danish transport and logistics group DSV reported a first-quarter operating profit before special items slightly ahead of forecasts on Thursday despite costs from the integration of U.S. unit UTi.

Maersk set fair for consolidation after surprise shipping profit

May 04 2016

COPENHAGEN A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter, putting the cash rich company in a strong position as the struggling industry consolidates.

Arla CEO says world dairy market in crisis, upturn seen end-2016

Feb 17 2016

COPENHAGEN, Feb 17 Arla Foods, one of Europe's biggest dairy companies, said on Wednesday the global milk market was in crisis due to oversupply, but it expected demand, particularly from China, to pick up at the end of the year.

Saxo Bank to focus on long-term investors with BlackRock deal

Jan 20 2016

COPENHAGEN Online forex brokerage Saxo Bank will increase its focus on long-term investors via a deal with asset manager BlackRock after it was hit hard by the Swiss central bank's decision to abandon an exchange rate cap on the franc last year.

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