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Inbev targets raising W Europe share of 2006 group EBITDA to above 1 pct

Inbev targets raising W Europe share of 2006 group EBITDA to above 1 pct Belgian brewer InBev SA said it is targeting a share of group EBITDA growth for the Western Europe region of over 1 pct in 2006, and in coming years. The region posted a share of just 1 pct of group EBITDA growth in 2005. The group also said it expects new products launched in last year and this year to generate around 4 pct of total group regional volumes in 2006. Steffan Descheemaeker, InBev president for western Europe, told reporters that the brewer is committed to turning

Samsung looking to expand lead in Europe

Samsung looking to expand lead in Europe South Korea's Samsung Electronics aims to become the clear No. 2 cell phone vendor in Europe in 2006, it said on introducing three new models including a thinner successor of its fast-selling D600 slider model. "Depending on what market data you use, what we found last year is that we achieved the No. 2 position in Europe but very close to the No. 3. We want to be the definite No. 2 this year," Samsung's European mobile communications chief Juha Park said in an interview at technology trade fair CeBIT on Thursday. Samsung competes for the

GENEVA AUTO SHOW Renault sees ’mediocre’ 2006 Europe sales

GENEVA AUTO SHOW Renault sees 'mediocre' 2006 Europe sales Renault expects 2006 sales in Europe to be 'mediocre', with the European market remaining 'subdued' or possibly even 'shrinking slightly', the company's deputy managing director and director of sales Patrick Blain said at the Geneva Auto Show. The copying, republication or redistribution of AFX News Content,inculding by framing or similar means, is expressly prohibited without the prior written consent of AFX News. Source: forbes.com

OECD sees Europes economy strong

OECD sees Europes economy strong The Organisation for Economic Development (OECD), the Paris-based think tank, has raised its forecast for European economic growth for 2006. Europes recovery seems sufficiently robust, the organisation says, to boost eurozone growth to 2.7% in 2006 - up from its May forecast of 2.2%. Growth of that magnitude would justify higher interest rates, OECD chief economist Jean Philippe Cotis said. More : news.bbc.co.uk

Korea firm sees gains in Europe

Korea firm sees gains in Europe The head of the European operations of LG Electronics on Tuesday outlined ambitious goals for the company, saying that it aimed to sell almost 30 percent more mobile phones this year by making deals to sell advanced models through more European operators. LG, based in South Korea, hopes to sell 70 million phones this year compared with 55 million in 2005 and was looking to move into third place among handset manufacturers within the next few years, James Kim, LG's chief executive for Europe, said during an interview at the 3GSM World Congress