Edition:
United Kingdom

Nikolaj Skydsgaard

Danish authorities struggling with surge in suspicious money flows

24 Jan 2020

COPENHAGEN Reports of suspicious transactions submitted by banks and betting firms in Denmark have increased tenfold in recent years, straining anti-money laundering authorities which drew heavy criticism on Friday from a state auditor.

Danish watchdog faces surge in reports of suspicious money flows

24 Jan 2020

COPENHAGEN, Jan 24 Reports of suspicious transactions submitted by banks and betting firms to authorities in Denmark have increased tenfold in recent years, according to documents seen by Reuters, applying pressure on an already stretched anti-money laundering watchdog.

Maersk bets on cold storage to boost land transportation business

13 Jan 2020

COPENHAGEN Maersk , the world's biggest shipping company, plans to focus on premium services such as cold storage and digital solutions to avoid competing with its own freight-forwarding clients as it expands in the land transportation business.

Danish police arrest 20 in raids to thwart suspected Islamist attack

11 Dec 2019

COPENHAGEN Danish police arrested about 20 people on Wednesday after carrying out raids throughout the country to thwart what they suspected were preparations for an Islamist militant attack, police and security officials said.

Denmark weighs issuing green sovereign bonds

13 Nov 2019

COPENHAGEN Denmark's central bank is looking at ways to issue new debt earmarked for green investments, known as green bonds, it said on Wednesday, as the government looks to fund an ambitious goal of reducing carbon emissions by 70% by 2030.

Danske Bank tempers full-year profit expectations, unveils plan to control costs

01 Nov 2019

COPENHAGEN Danske Bank shares fell more than 4% on Friday after the troubled lender said its annual profit would come in at the low end of forecasts, and unveiled plans to get costs and compliance under control by 2023.

Orsted's lower output view eclipses strong third-quarter , shares fall

29 Oct 2019

COPENHAGEN Lower output forecasts and project returns from Orsted eclipsed a jump in third-quarter profit, sending shares in the world's largest offshore wind energy developer down as much as 10% on Tuesday.

Danish banks boost profit forecasts on mortgage boom, low rates

08 Oct 2019

COPENHAGEN Danish lenders Vestjyske Bank and Spar Nord raised their profit guidance on Tuesday, saying they expect a boost from high activity in the country's mortgage business, which has been fueled by negative interest rates.

Danish pension funds back 'green transition' with $50 billion

23 Sep 2019

COPENHAGEN Danish private pension funds on Monday pledged to invest more than $50 billion in green assets over the next decade to fight climate change, as part of Denmark's ambition to reduce greenhouse gas emissions by 70% in 2030.

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