Business News in Brief:

Busy week for pension funds

PFA’s 2014 profits
Pensions provider PFA has reported a 21 percent return from its Danish share portfolio over the first six months of 2014: a profit of 2 billion kroner in absolute terms. Its investment division particularly attributed the success to the performance of Novo Nordisk, Danske Bank and Coloplast.

Veolia offloads stake
The French waste management and recycling company Veolia Environnement has sold its 65 percent stake in Danish counterpart Marius Pedersen Group to the Marius Pedersen Foundation for 1.79 billion kroner as part of its debt reduction strategy. The sale means the foundation now owns 100 percent of the company.

Brightpoint got it wrong
An audit by PwC has discovered that Danish IT company Brightpoint Europe overstated its net income for 2013 by 688 million kroner – a miscalculation that will swallow up a third of the profits of its parent company Ingram Micro. Brightpoint listed the amount as receivables, but PwC said it should have been valued at zero.

Keep it in Germany
Pension funds administrator PKA and life insurer Topdanmark have found the perfect buyer for their German residential property portfolio: the German property company Immeo. The 1.8 billion kroner sale price represents a 30 percent profit since the pair took over ownership in 2007. The properties were located in Berlin and Dresden.

US pharma deal
Xellia Pharmaceuticals, a Copenhagen-based pharma company that specialises in providing treatments against life-threatening infections, has signed a deal with US business partner Fresenius Kabi to take over its manufacturing plant in Raleigh, North Carolina. The deal means Xellia now has plants in Denmark, China, Hungary and the US.

Double deal for LD
Danish pension fund Lønmodtagernes Dyrtidsfond has agreed contracts with two US investment companies. Boston-based MFS Investment Management will manage 6 billion kroner in global equities for the fund, while Californian-based Fisher Investments will have 2 billion to play with in emerging market equities.

TOP STORIES

  • “No one seems to stand up for internationals”

    “No one seems to stand up for internationals”

    “To some extent, Denmark is not fair to internationals.” Nichlas Walsted, 34 years old, is the CEO of Swap Language, a provider of Danish lessons to more than 10,000 internationals. Tens of thousands of people follow him, and he advocates for internationals: “Because no one else does. I can’t think of a single politician or well-known person in Denmark who stands up for them,” he says.

  • Busy Copenhagen Airport nets a nice profit for the Danish State

    Busy Copenhagen Airport nets a nice profit for the Danish State

    Almost 30 million passengers travelled to or from Copenhagen Airport in 2024. The profit was 1.4 billion DKK and both figures are expected to grow in 2025. Expansions continue, and investments are being made in continued progress

  • Copenhagen ranked 4th for career growth

    Copenhagen ranked 4th for career growth

    Copenhagen is ranked as the fourth-best city in the world for career growth, according to an analysis by EnjoyTravel. This ranking considers various factors such as living costs, salary levels, workforce availability, and overall quality of life. Copenhagen is noted for its blend of historical and modern elements, particularly in the green energy sector, which influences job opportunities.

  • Greenlandic election seen as positive by experts

    Greenlandic election seen as positive by experts

    Last night’s Greenlandic election resulted in a surprising landslide victory for the moderate party Demokraatit, who won 30 percent of the votes – a 20 percent rise for the party since the last election.

  • Greenland moves to the right

    Greenland moves to the right

    A very surprising election gives victory to the right-wing opposition party Demokraatit. The incumbent center-left coalition loses spectacularly. Greenland – and Denmark – anxiously await upcoming government negotiations

  • Raise the voice of internationals. Take the survey and share your experience in Denmark.

    Raise the voice of internationals. Take the survey and share your experience in Denmark.

    Copenhagen Capacity has launched a survey for all internationals living in Denmark to find out if they are happy here and what challenges they face. The Copenhagen Post is the media partner for this initiative. You can find the survey below in the article.

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Career

  • Copenhagen ranked 4th for career growth

    Copenhagen ranked 4th for career growth

    Copenhagen is ranked as the fourth-best city in the world for career growth, according to an analysis by EnjoyTravel. This ranking considers various factors such as living costs, salary levels, workforce availability, and overall quality of life. Copenhagen is noted for its blend of historical and modern elements, particularly in the green energy sector, which influences job opportunities.

  • Data shows that non-Western immigrants have saved local economies in Denmark

    Data shows that non-Western immigrants have saved local economies in Denmark

    A study reveals how only the massive influx of non-Western immigrants has saved many areas in Denmark from a decline in the workforce and a consequently shrinking economy

  • Long-term unemployment is double for non-Western immigrants

    Long-term unemployment is double for non-Western immigrants

    An analysis from the Labour Movement’s Business Council shows that the rate in long-term unemployment for non-Western immigrants is 1.8 times higher than for Danes. In other words, a chronic unemployment situation is way more probable for non-Western internationals.

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