Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as Yemeni rebel attacks are forcing it to avoid the vital Red Sea route.
Danish pharmaceutical giant Novo Nordisk reported more soaring profits Thursday as it basks in the popularity of anti-diabetes and weight-loss drugs Ozempic and Wegovy which have turned it into Europe's most valuable company.
Denmark’s biggest company in one of its largest industries, meat producer Danish Crown has announced the closure of its factory in Zealand town Ringsted, meaning 1,200 jobs will be lost.
Tryg, the largest insurance company in the Nordic region, has been ordered to repay unannounced increases to its premiums which were charged to a number of customers between 2016 and 2020.
The Danish economy grew 1.9 percent last
year but would have flatlined without its pharmaceutical industry and the huge
success of weight-loss drug maker Novo Nordisk, official data showed on Wednesday.
The effect on the Danish labour market must be considered if the government goes through with a plan to extend military service, according to the Confederation of Danish Industry (DI).
Lego cemented its position as the
world's biggest toymaker last year despite logging its first decline in net
profit since 2017 and slumping sales in China, company results showed on Tuesday.
A British hedge fund trader accused of defrauding Danish tax authorities in a billion-dollar scam goes on trial in Copenhagen on Monday, just days after his associate was handed an eight-year sentence.
An experimental new weight loss pill from Danish pharmaceutical giant Novo Nordisk could be twice as effective as its blockbuster Ozempic and Wegovy jabs, early results from a small trial have suggested, sending the firm's shares soaring.
Some 58 of 200 existing state support arrangements for businesses should be partly or fully cut, an expert advisory group has recommended to the government.
Shipping giant Maersk reported on Thursday
a massive drop in net profit in 2023 and warned of "uncertainty" in 2024 due
to Yemeni rebel attacks on vessels in the Red Sea.
Danish company Vestas, the world's number one wind turbine
maker, said Wednesday it returned to profit in 2023 following a record number
of orders. But Ørsted, another Danish wind power giant, has ordered job losses after
reporting a $3 billion loss.
Denmark’s transport minister did not rule out a return for ride sharing service Uber in a recent interview, but the government is not unanimous on the issue.
Danish pharmaceutical giant Novo Nordisk posted bumper profits for 2023 on Wednesday, driven by surging sales of diabetes and obesity treatments that helped it become Europe's most valuable company.
Denmark is expected to enjoy the second highest growth rate in the EU in 2024, as the continuing success of Novo Nordisk's new weight-loss drug makes up for otherwise declining exports.
Shipping giant Maersk said Friday that it
would divert all vessels around Africa instead of using the Red Sea and Suez
Canal for the "foreseeable future" after Yemeni rebels attacked its merchant
ships.
French shipping giant CMA-CGM has resumed some transit through the Red Sea, days after Danish group Maersk announced it would return as a US-led naval coalition is now policing the maritime route against Yemeni rebel attacks.
Danes had spent about 290 million kroner on MobilePay by midday on Black Friday, according to Vipps, the company running the system, a three percent rise on last year.
Danes with one-, three- and five-year fixed mortages are set to see their interest rates jump to the highest level since the aftermath of the financial crisis in 2009.
