Business in brief: The power of Lego

Tops international ranking

Lego has overtaken Ferrari as the world’s most powerful brand, according to rankings by the consultancy Brand Finance. Branding expert Robert Haigh told the Telegraph that the success of 'The Lego Movie', along with the fact that the product appeals to both sexes and all ages, contributed to the triumph. Apple retains its title as the most valuable brand in a parallel study.


Green business
Almost two thirds of municipalities have programs to improve energy efficiency in the business community and more than half of them expect these activities to intensify. Municipalities in the Copenhagen area make the biggest efforts. Initiatives include advising on energy use, developing tools and running information campaigns. Businesses typically account for between 30 and 60 percent of municipalities’ CO2 emissions.


Pandora share spike
Pandora’s share price jumped 16 percent following the announcement of its most recent results. Turnover for the fourth quarter of last year was up by 3.961 billion kroner and pre-tax profit came in at 1.444 billion kroner. “Turnover from charms and armbands increased by 25 percent, while turnover from rings increased to over a billion kroner,” CEO Allan Leighton said in a statement.


William Demant buyout
The hearing aid company William Demant has entered into exclusive negotiations to acquire the French listed company Audika. The company is discussing buying shares representing 53.9 percent of Audika’s share capital from the majority shareholder Holton SAS for a price of up to 1.2 billion kroner. Audika has 460 shops in France and about a ten percent share of the country’s market.


FCK sponsorship
FC Copenhagen has raked in around 250 million kroner in sponsorship, according to BT. Deals with the club’s four biggest sponsors – with Telia, Carlsberg, Unibet and Jyske Bank – account for some 200 million kroner and the balance comes from smaller financial supporters. Depending on how the team performs in the Danish and European leagues, the number could rise during the remainder of the season.


DONG Energy bid
DONG Energy has submitted a bid to the energy authority Energistyrelsen to build the Horns Rev 3 wind farm in the North Sea. None of the other companies with approval to bid – Sweden's Vattenfall, Germany's Eon and Norway's Statoil – have revealed if they did so before the deadline on Monday. The project is planned to run until 2017.

 




  • Chinese wind turbine companies sign pact to end race-to-the-bottom price war

    Chinese wind turbine companies sign pact to end race-to-the-bottom price war

    China’s 12 leading wind turbine makers have signed a pact to end a domestic price war that has seen turbines sold at below cost price in a race to corner the market and which has compromised quality and earnings in the sector.

  • Watch Novo Nordisk’s billion-kroner musical TV ad for Wegovy

    Watch Novo Nordisk’s billion-kroner musical TV ad for Wegovy

    Novo Nordisk’s TV commercial for the slimming drug Wegovy has been shown roughly 32,000 times and reached 8.8 billion US viewers since June.

  • Retention is the new attraction

    Retention is the new attraction

    Many people every year choose to move to Denmark and Denmark in turn spends a lot of money to attract and retain this international talent. Are they staying though? If they leave, do they go home or elsewhere? Looking at raw figures, we can see that Denmark is gradually becoming more international but not everyone is staying. 

  • Defence Minister: Great international interest in Danish military technology

    Defence Minister: Great international interest in Danish military technology

    Denmark’s Defence Minister Troels Lund Poulsen attended the Association of the Unites States Army’s annual expo in Washington DC from 14 to 16 October, together with some 20 Danish leading defence companies, where he says Danish drone technology attracted significant attention.

  • Doctors request opioids in smaller packs as over-prescription wakes abuse concerns

    Doctors request opioids in smaller packs as over-prescription wakes abuse concerns

    Doctors, pharmacies and politicians have voiced concern that the pharmaceutical industry’s inability to supply opioid prescriptions in smaller packets, and the resulting over-prescription of addictive morphine pills, could spur levels of opioid abuse in Denmark.

  • Housing in Copenhagen – it runs in the family

    Housing in Copenhagen – it runs in the family

    Residents of cooperative housing associations in Copenhagen and in Frederiksberg distribute vacant housing to their own family members to a large extent. More than one in six residents have either parents, siblings, adult children or other close family living in the same cooperative housing association.


  • Come and join us at Citizens Days!

    Come and join us at Citizens Days!

    On Friday 27 and Saturday 28 of September, The Copenhagen Post will be at International Citizen Days in Øksnehallen on Vesterbro, Copenhagen. Admission is free and thousands of internationals are expected to attend

  • Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

    Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

    Chisom Udeze, the founder of Diversify – a global organization that works at the intersection of inclusion, democracy, freedom, climate sustainability, justice, and belonging – shares how struggling to find a community in Norway motivated her to build a Nordic-wide professional network. We also hear from Dr. Poornima Luthra, Associate Professor at CBS, about how to address bias in the workplace.

  • Lolland Municipality launches support package for accompanying spouses

    Lolland Municipality launches support package for accompanying spouses

    Lolland Municipality, home to Denmark’s largest infrastructure project – the Fehmarnbelt tunnel connection to Germany – has launched a new jobseeker support package for the accompanying partners of international employees in the area. The job-to-partner package offers free tailored sessions on finding a job and starting a personal business.