Business News in Brief: Good news for DFDS

No Washington state fair would be complete without it (all photos: Luisa Kyca)
August 28th, 2014 10:16 am| by admin
facebooktwittergoogle_pluspinterestmail

Good news for DFDS
Stringent sulfur regulations surrounding diesel fuel may cause some ferry operators to abandon some northern routes. DFDS boss Niels Smedegarrd said that his company is in a good position to take over those routes in 2015. DFDS increased its profit before tax by 133 percent in the second quarter of 2014.

Downsizing in the US
Maersk Oil is downsizing its workforce in Houston, Texas by over 25 percent. The company said that it will be focusing its efforts in other parts of the world. Eight employees will be transferred to Copenhagen, 54 will be laid off and the remaining 150 will be reassigned within the Houston office.

Vestas looking strong
Vestas posted a net profit of over 700 million kroner for the second quarter, compared to a loss for the same period last year. Vestas, which saw a 13 percent increase in operational revenues, has increased its forecast for the full year on the back of the results.

Nykredit solid
Nykredit has posted satisfactory results for the first half of the year. Core income from business operations improved by eight percent while costs have declined. The company has upwardly revised its full-year expectations. Home loans remain at the centre of Nykredit’s business.

Historic route could close
The Næssundfærgen ferry route between Thy and Mors in Jutland is losing money and could close. Affected locals suggested that the ferry could continue, but take a break in the summer when it operates at a loss. There has been a ferry service in the area for over 400 years.

Jeffrey Hunter and his dog Butch
July 4 special: Americans living the dream in Denmark
The US is admired the world over for the many liberties and freedoms deno...
No Washington state fair would be complete without it (all photos: Luisa Kyca)
Washington State Fair comes to Rydhave for early July 4 party
The who's who of Copenhagen’s diplomats and celebrities gathered in the g...
Your kids could have an upbringing rich in culture, but bereft of their own (photo: istock)
Mental Floss: What about the children?
When you move around the world as an expat and are a parent at the same tim...
The South Korean festival was a great success (Photo: South Korean embassy)
Getting quizzical at the Korean Kimchi Festival
We all know the Danes like to do it ‘Gangnam Style’, but from June 26-2...
Wash the dust with some Jazz (photo: istock)
Jiving with junior at Jazz for kids
  Cph Jazz Festival for Kids July 6-10; Søndermarken, Frederiksbe...
Lars Løkke has his claws on power again (photo: Johannes Jansson)
How Lars Løkke defied the odds to return to power
If Lars Løkke Rasmussen was an animal, he would surely be a cat. Not ev...