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Business News in Brief: Pandora stock drops 43 percent since May

Ross McPherson
November 6th, 2018


This article is more than 6 years old.

In other news, Lego wins legal battle in China and more money to fight tax fraud.

The jewellery chain was founded in 1982 (photo: Wikimedia/Spi3Opule)

After more disappointing quarterly results, Pandora has downgraded expectations yet again, causing stock prices to plunge.

Pandora stock value has dropped 43 percent since May 2018 alone, falling from its peak at 700 kroner to just under 400 kroner currently. The jewellery manufacturer continues to struggle into the winter months.


Breaking Lego walls in China
Lego has won a court case against Chinese knock-offs. The court ruled that the company Lepin must stop producing the 18 sets under scrutiny and pay 4.3 million kroner in compensation to Lego. Copies of Lego have hindered growth in Asian markets, making this ruling critical for the company. Niels B. Christiansen, Lego CEO, suggested that the ruling sends “a clear warning to companies that may copy Lego products.’’

Danish pork manufacturer joins Chinese e-commerce
Danish Crown has agreed to sell all products manufactured in their Chinese plant to Win-Chain, a company associated with Alibaba. The new plant, currently under construction outside Shanghai, will be able to produce 14,000 tones of product annually. The new deal is valued at 2.3 billion kroner over the 5 year period. This agreement will see Danish pork products delivered right to the door of Chinese customers.

More cash to fight fraud
The government has allocated an additional 435 million kroner to fight tax fraud. The Danish Tax Authority will receive 127 million this year and the rest in years to follow. The extra money will be used to develop a new strategy for taxing dividends. The increased budget is in response to the 12.7 billion kroner tax fraud that occurred since 2015.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”