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Dutch brewing giant Heineken NV yesterday said it would exit the Russian market after previously saying it would halt new investments and exports there, anticipating a charge of 400 million euros (US$439.5 million). “We have concluded that Heineken’s ownership of the business in Russia is no longer sustainable nor viable in the current environment,” it said in a statement, adding that it would not profit from any transfer of ownership. Heineken, which brews the Botsjkarev, Ochota en Tri Medvjedja brands in Russia, said it is aiming for an “orderly transfer” and that it would continue...

Danske Bank on Thursday maintained its 2023 profitability target and said it expected to increase profits this year, but uncertainty over dividend payments brought potential money laundering fines back in focus.

Novo Nordisk on Friday forecast its sales growth would slow by about 3% in 2022 because of lower prices and a drop in insulin sales volumes in China, denting the Danish diabetes drug maker's share price.

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Scandinavian carrier SAS has summoned its workers' largest unions to negotiations as part of the airline's efforts to cut costs and increase flexibility in its pandemic-hit business, Danish daily Jyllands-Posten reported on Monday.