Thursday, 08 August 2013
The Danish pharmaceutical group Novo Nordisk reported on Thursday it
accounts for the second quarter of 2013, which turned out to be better
than expected.
Tuesday, 06 August 2013
The number of corporate bankruptcies in Sweden have been reported to
have dipped because they reached a total of 456 in July, a decrease of
3 percent compared with the same month in 2012.
Tuesday, 06 August 2013
Modern Times Group or MTG announced that it has signed an agreement to
acquire 70percent of the merged assets of Darik News and Net Info
Monday, 05 August 2013
Volvo Cars Corporation's main product, Volvocars is doing well in
China, and it has helped pulls the cars world sales to new heights.
Friday, 02 August 2013
Volvo Cars corporations did their best in the last month of July in the
United States in terms of sales since 2009.Yet it slipped compared to
its competitors.
Friday, 02 August 2013
Although the number of members in the Church of Sweden is steadily
decreasing, so does revenue. Last year, the Church of Sweden was in the
black financially though with a profit of Skr1.3 billion.
Friday, 02 August 2013
Pharmaceutical company Meda reports an EBITDA profit of Skr922 million in the second quarter of 2013.
Thursday, 01 August 2013
Swedish renal care specialist Diaverum broadens footprint by
cooperating with a House of Mercy on the construction of a dialysis
clinic in Campos dos Goytacazes, in the State of Rio de Janeiro, Brazil.
Thursday, 01 August 2013
Artimplant, a biomaterials company focused on solutions to problems in
orthopaedic announced that its Board of Directors and the CEO have
decided to apply for its own bankruptcy.
Thursday, 01 August 2013
Cash handling company Loomis reports a operating income (EBITA)1) for
the second quarter amounted to Skr 276 million compared to
Skr225million same period a year ago and the operating margin improved
to 9.8 percent (against 7.8).
Wednesday, 31 July 2013
Crisis hit Airliner SAS announced that it had lend EUR 35 million,
corresponding to Skr 304 million worth of its aircraft through a
so-called private placement of a bond. At the same time it strengthens
its checkout with a half billion Swedish Krona.
Wednesday, 31 July 2013 - Geneva, Switzerland
Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX),
an independent solar power producer, announces it has entered into a
Power Purchase Agreement (PPA) with Atacama Minerals Chile S.C.M.
(“Atacama Minerals”), to provide electricity to its Aguas Blancas
iodine mine in Chile (the “Aguas Blancas Mine”).
Wednesday, 31 July 2013
Sweden's Local search engine and yellow pages company, Eniro
announces that it has received permission from the Swedish Companies
Registration Office, pursuant to a resolution made by the Annual
General Meeting on April 25, 2013, to carry out a reduction of the
company’s share capital.
Monday, 29 July 2013
DiaGenic the Norwegian medical company announces that the validation
study for MCItect®, a blood based diagnostic test for Alzheimer’s
disease in the pre-dementia stage, has failed to reach the study goals.
Friday, 26 July 2013
AAK, leading producers of high value-added vegetable oils and fats, has acquired Unipro from Unilever.
Friday, 26 July 2013
AstraZeneca and Bristol-Myers Squibb Company today announced that the
U.S. Food and Drug Administration (FDA) has acknowledged receipt of the
New Drug Application (NDA) resubmission for investigational drug
dapagliflozin for the treatment of adults with type 2 diabetes.
Wednesday, 24 July 2013
The final bill for Vattenfall's bad business looks set to land at about
the same level as the cost of building a new nuclear plant. Then the
question is if Vattenfall can afford both. The answers vary depending
on the attitude to nuclear power.
Wednesday, 24 July 2013
Truck giant Volvo's reports a sharp fall in profits in the second
quarter. Earnings in the period was however much better than expected.
Wednesday, 24 July 2013
Volvo Group North America is planning a $15 million office building near the Greensboro-High Point border.
Tuesday, 23 July 2013
Swedish state owned Energy Company, Vatenfall AB, the Nordic region’s
largest utility company, writes down the value of its assets by Skr29.7
billion.
Monday, 22 July 2013
Pharmaceutical company AstraZeneca's office in Shanghai was visited by
police on Friday, and one of the employees was questioned.
Monday, 22 July 2013
Swedish IT companies are having trouble finding badly needed skills in
Sweden. Therefore, many are now recruiting from abroad - not within the
EU but around the world. Nevertheless, the Swedish Migration Board's
long turnaround time of work is hindering company's ability to gain
access to these skills bring them to Sweden.
Friday, 19 July 2013
The price for peace is the loss for Defence Company such as Swedish
military hardware maker, Saab. Its earnings came in far below
expectations with the defence group making a profit before tax of Skr11
million for the second quarter.
Friday, 19 July 2013
Truck manufacturer Scania reported operating income of Skr2.038 million for the second quarter of 2013.
Nokia reported no earning in the second quarter
Thursday, 18 July 2013
Finnish mobile phone manufacturer, Nokia reported earnings per share
excluding extraordinary expenses (non-IFRS) at 0:00 euros for the
second quarter of 2013
Thursday, 18 July 2013
Swedish stocks are now back to business with the Norwegian and the
Middle East oil fund weighing in for more big buys after a period of
slump. Norway's Oil fund is now one of the biggest money houses
increasingly owning Swedish assets but the Middle East oil money is
also competing strongly.
Thursday, 18 July 2013
Despite the strong gross margin, telecom company Ericsson fails to reach up to expectations in terms of earning.
Wednesday, 17 July 2013
Swedish furniture giant, Ikea has been identified as the largest
foreign landowners in the China. According to Swedish daily Dagens
Nyheter citing the Chinese Times Ikea possesses a total of 640,000
square meters of land.
Wednesday, 17 July 2013
The scandal surrounding TeliaSonera's business in Uzbekistan has led to
major changes in its management but the stigma of corruption and
bribery does not seem to had scared off subscribers. The company posted
profit before tax of Skr5.519 million for the second quarter
Wednesday, 17 July 2013
Svenska Handelsbanken reported a EBIT of Skr4.723 million for the
second quarter of 2013, which is better than last year's Skr 4,412
million in the same period.
Wednesday, 17 July 2013
Atlas Copco announced that it won a second major order in Turkey to
deliver equipment for two renewable energy geothermal power plants. The
order value is circa MUSD 23 (MSEK 150).
Wednesday, 17 July 2013
Nordic region's biggest bank Nordea made an operating
profit of Skr9.1 billion during the second quarter of 2013. That was
higher than what the analysts who monitor the company had expected.
Expectations was for Skr 8.9 billion.
Tuesday, 16 July 2013
Swedish Ball bearing manufacturer SKF reports a profit before taxes
including non-recurring items of SEK 1.627 million for the second
quarter of 2013.
Tuesday, 16
July 2013
Swedish banking group Swedbank posted a second-quarter operating profit
that missed forecasts on weaker-than-expected net items at fair value
and on an unexpected write-down related to its IT system.
Monday, 15 July 2013
Swedish industrial production decreased by 2.6 percent in May compared
to April in seasonally adjusted figures. Compared with May 2012,
industrial production decreased by 7.3 in calendar adjusted figures.
Monday, 15 July 2013
The Stockholm District Court has ruled that ContextVision is the real
owner of a key patent application filed by Sapheneia in its own name in
September 2006. The patent application identifies two former employees
of ContextVision as inventors.
Monday, 15 July 2013
Fashion chain H&M reports June sales that have reportedly failed to
meet expectations. Total sales rose 13 percent compared with the same
month last year when sales growth was 13 percent. Sales figure is
excludes of currency fluctuations and including VAT.
Monday, 15 July 2013
SEB reports an operating profit of Skr4.8 billion in the second
quarter. That compares with an expected Skr4.0 billion.
Saturday, 13 July 2013
The U.S. e-commerce giant Amazon is approaching Sweden. This week the
company is said to have started a partnership with the mobile operator
"three" reports the Swedish business daily, Dagens Industri on Friday.
Thursday, 11 July 2013
Although the economic crisis has meant that many have had to tighten
their belts, there are other places where there is not feeling of hard
times - plastic surgeons.
Wednesday, 10 July 2013
An Ikea furniture site, has been found disturbing by some a user who
posted a comment about it on the GIZMODO site.
Wednesday, 10 July 2013
Landline telephone continues to shrink rapidly pushing telecom
companies out of profitability.
Wednesday, 10 July 2013
Scandinavian airlines system SAS has found it hard to keep up to its
traditional punctuality leadership.
Wednesday, 10 July 2013
The Norwegian oil fund continues to increase its investments in Sweden
and has now expanded its ownership in the Swedish property company,
Wihlborgs.
Tuesday, 09 July 2013
Investment AB Öresund , owned largely by financier Mats Qviberg,
reported a net asset value on June 30 at Skr121 per share.
Monday, 08 July 2013
New orders for Swedish industrial sectors continue to struggle
following the decrease in April with decreasing new orders also in May.
Sunday, 07 July 2013
The Sweden's pharmaceutical industry has shrunk dramatically since the
millennium as exports of medicinal products from Sweden dropped.
Saturday, 06 July 2013
H & M co-owner Stefan Persson pick out half a billion in dividends
from his holding in clothing chain, as the money rain into the
entrepreneur's pocket.
Wednesday, 03 July 2013
Stora Enso is strong Scandinavian company with a global face. It
describes its operation as a rethinker of the paper, biomaterials, wood
products, and packaging. Stora Enso operates worldwide and employs some
28 000 people and also in China, were the webs of corruption has caught
up with the company or not.
Tuesday, 02 July 2013
Sweden is seen as a very quirky cleans and organised country with low
corruption and high rule of law in the northern hemisphere, right?
Wrong. One sector shows just how corrupt Sweden might be - the building
and construction sector.
Tuesday, 02 July 2013
Chinese owned Swedish automaker, Volvocar Corporations VCC has finally
been given the green light by the Chinese authorities to start
production of Volvo cars in China.
Monday, 01 July 2013
Norway based automotive supplier, Kongsberg Automotive (KA) announced
that it has secured 3 new contracts with a combined value of
€116million over 5 years from various markets.
Saturday, 29 June 2013
So far, 66 international clothing companies have signed the agreement
that will improve building and fire safety, as well as strengthening
workers' rights for textile workers in Bangladesh. But only two Swedish
companies have signed.
Friday, 28 June 2013
Alfa Laval announces that it has won an order to supply Alfa Laval
PureSOx exhaust gas cleaning systems for retrofit installation onboard
vessels.
Thursday, 27 June 2013
Finance ministers from the European Union (EU) have agreed an outline
plan on how to rescue troubled banks - without leaving taxpayers to
face the bill. From the Swedish side of the agreement table, the
Swedish Finance Minister, acknowledged that it was a "compromise Sweden
can live with" but was not fully satisfied.
Thursday, 27 June 2013
Moody's lowers the long and short term rating of Swedish
Länsförsäkringar Bank to A3/P-2 from previous A2/P-1, with outlook
stable.
Wednesday, 26 June 2013
The founder of Ikea, Ingvar Kamprad, now wants to get closer to
my family and friends and thus decides to move back to Sweden after 40
years of self imposed economic exile abroad.
Tuesday, 25 June 2013
Up to 18 new Airbus aircraft are reported to be on the way, ordered by
Scandinavian airliner, SAS after signing a huge lease.
Tuesday, 25 June 2013
Ericsson has received an order for a "major" network expansion from
Azercell in Azerbaijan. The agreement covers 2G and 3G.
Monday, 24 June 2013
Finnair feels that there are potentials if it merges with SAS,
according to Finnair CEO Pekka Vauramo.
Monday, 24 June 2013
Watching television or films on personal computers in Sweden has now
attracted the Swedish government to stretch the television tax to PCs
blaming it on technological evolution. However, it remains unclear as
to whether it also applies to mobile phones and tablets.
Monday, 24 June 2013
Two months after a clothing factory in Bangladesh collapsed, killing
1,100 workers, Danish fashion companies are only now ready to commit
themselves to signing the agreements which aimed at improving
conditions for workers and guaranteeing their safety.
Friday, 21 June 2013
Analysts and financial officials in Denmark are worried that a serious
bank crisis may be looming in the horizon, because 21 banks have not
been visited by the Danish Financial Supervision Authority,
Finanstilsynet, (FSA) for three years. As a result of this loose
control, these banks and more may be on the verge of collapse without
the authorities know anything about it.
Friday, 21 June 2013
Danish wind turbine manufacturer, Vestas sells wind farms in Romania
and Bulgaria.
Thursday, 20 June 2013
The Associated Press buys into Swedish mobile video company Bambuser.
The company, which provides live video via mobile phones, has been
operating a small income and large losses.
Thursday, 20 June 2013
Nordea believed, along with the other major shareholders to sell
payment solutions company, Nets. The deal is expected to be worth
between Skr9 and Skr11.5 billion.
Wednesday, 19 June 2013
Clothing giant Hennes & Mauritz reported a profit before tax of
Skr6.125 million for the period from March to May, the second quarter
of its fiscal year. The corresponding period in 2012, earnings Skr7,053
million.
Wednesday, 19 June 2013
The Swedish government has put additional Nordea shares for sale this
morning, after the first put for sale last night saw record quick sell
out with interest to buy more.
Tuesday, 18 June 2013
The Swedish government plans to sell up to 230 million shares it owns
in Nordea, the Scandinavian regions biggest bank. That will correspond
to 5.7 percent of its stake in the bank and will mean that Sweden will
cut its overall stake in the bank from 13.4 percent to 7.8 percent.
Tuesday, 18 June 2013
Forest products group Stora Enso plans to reduce its workforce by
approximately 2,500 people. 750 jobs lost in Sweden.
Monday, 17 June 2013
AstraZeneca today announced that MedImmune, its global biologics
research and development arm, and NGM Biopharmaceuticals, Inc. have
entered into an exclusive agreement to discover, develop and
commercialise novel therapeutics from NGM’s enteroendocrine cell (EEC)
programme for the treatment of type 2 diabetes and obesity.
Monday, 17 June 2013
Sweden based leading Nordic integrated investment bank Carnegie,
announces that it has signed an agreement whereby Carnegie will acquire
NRP Securities, a part of the Norwegian Group Ness, Risan &
Partners.
Monday, 17 June 2013
Swedish truck maker Volvo AB said Monday that it plans to launch a
buses system that glide noiselessly without emissions, pick up
passengers indoors and which are powered by a renewable source of
electricity. It comes as the company says its May delivery was down 9
percent.
Monday, 17 June 2013
Norwegian Engineering Company, Kongsberg Automotive announced that its
Driver Control Systems (DCS) gained a further EUR 20 million of new
business with one of the global leading manufacturers of Heavy Duty
Trucks.
Monday, 17 June 2013
Altor Fund III GP Limited (“Altor”) and Bain Capital Europe, LLP
(collectively, “Bain Capital”), have submitted an offer to Cermaq ASA
for EWOS, valuing the business at NOK 6.2 billion (Enterprise Value),
with the intent to sign definitive agreements by mid-July.
Sunday, 16 June 2013
Swedish - Finnish telecoms company, TeliaSonera has had an appointment
of a new CEO to replace Lars Nyberg, who resigned in February. He is
Johan Dennelind.
Saturday, 15 June 2013
Airliner, Norwegian has registered its new Dreamliner aircraft in
Ireland instead of Norway or any other Nordic country and more are said
to follow. Given that Norway is not a member of the EU but a member of
the Nordic Union, it could be easy to speculate the reason.
Friday, 14 June 2013
The Chinese owners of Volvo Cars Corporation, Geely, led by Li Shufu
has used his power as the strong shareholder and pumped in nearly
Skr1.8 billion into the company.
Wednesday, 12 June 2013
New figures from the survey of the Swedish media viewership and
readership from conventional news sources show that many Swedes are
opting out of TV channels and various official news programs such as
morning newspaper.
Wednesday, 12 June 2013
There was a large fire this morning at the nuclear power station in
Sweden. According to reports, a fire was discovered a turbine at the
Ringhals nuclear power plant which is said to be under control now.
Wednesday, 12 June 2013
H & M same-store sales were flat in May (+3). Total sales rose by 9
percent compared with the same month last year when sales growth was 12
percent.Sales figure is excluding currency fluctuations and including
VAT.
Tuesday, 11 June 2013
After first announcing the closure of some schools due to lack of
sufficient student enrolment, Swedish free school company, JB Group is
filing for bankruptcy, signalling the death of one of Swedish biggest
education companies.
Tuesday, 11 June 2013
The graduate dissipation of Nokia, Finland's strongest IT Company had
left a huge vacuum in the country's tech department. This has made the
former directors and specialists of the company to use their contacts
and connections to force moves to attract investment in to the country.
Tuesday, 11 June 2013
Scandinavia is reputed o its expensiveness but it turn out that other
cities around the world has tended to be more expensive than expected.
Monday, 10 June 2013
The largest internet network of DVD rental services, in Sweden,
LOVEFiLM has reportedly closed down.
Monday, 10 June 2013
Swedbank today announced a tender offer to the holders of certain
series of its outstanding notes which are guaranteed by The Kingdom of
Sweden.
Monday, 10 June 2013
Cash handing and security Service Company, Loomis announces that its
Norwegian subsidiary has been appointed by DNB, the largest bank in
Norway, to take over all their cash handling services in the country.
Sunday, 09 June 2013
The Danish tax authority is seeking Dkr5.5 billion in additional tax
from healthcare company, Novo Nordisk. The grounds for that is
accusation that the company has been channelling unaccounted amounts of
money abroad to tax havens. Novo however has rejected accusation.
Friday, 07 June 2013
Talking about biting the figure that feed you, the Swedish national
state own television, Swedish television (Svt) seems to have made its
master angry when it exposed critical questionable ethical
behaviour
about one of Sweden state owned power companies, Telia Sonera.
Wednesday, 05 June 2013
The man who founded the globally known Swedish furniture giant, IKEA
back in 1943, Ingvar Kamprad will leave the Company finally. According
to Swedish news reports, his youngest son Mathias Kamprad, 44 takes
over as Chairman.
Wednesday, 05 June 2013
Volvo Car Corp., opened its doors for its new factory in Chengdu, China
that will employ 1,100 people and plans to produce for the Chinese and
Asian market.
Tuesday, 04 June 2013
There is increased evidence that his year, Volvocars has started seeing
increased car sales in China. According to reports, sales grew by 27
percent compared with the same period last year.
Sunday, 02 June 2013
Gothenburg is still the headquarters of Volvocar corporations even
though it has been owned by the Chinese now for a while. The automobile
company has been having some poor performances in the market of late
when it comes to sales.
Tuesday, 28 May 2013
Loomis announces that its Turkish subsidiary has signed a three-year
agreement with HSBC Turkey for cash handling services across Turkey.
Monday, 27 May 2013
In an exclusive news report, the British TV channel 4 known for its
in-depth investigative news reports has exposed in a first hand view of
how worker in Bangladeshi sweatshop factories work.
Monday, 27 May 2013
The Norwegian budget airliner, Norwegian has been tipped to become the
biggest Nordic airliner, surpassing SAS with 5 years.
Monday, 27 May 2013
Accused of tax fraud while CEO of Saab automobile, Jan-Ake Jonsson
leaves Vattenfall's board, not on his own though, but pushed by the
Minister for Financial Markets, Peter Norman who confirmed its.
Friday, 24 May 2013
Question have continued to be asked seeking clarification about where
all the money within the Swedish automaker, Saab automobile went to
just a few months before the company went under. It is being claimed
that the last bastion of money that was left was signed over by the CEO
and Chairman, Victor Muller in a buzzard and controversial fashion
Thursday, 23 May 2013
Former chairman and CEO of Saab automobile Victor Muller is said to be
among those the Swedish tax prosecutors want to speak to but it emerged
that he has not been contacted by the authorities.
Thursday, 23 May 2013
Telecoms giant Ericsson gave a Swiss agent a heavy plastic bag, which
was handed over in a park. This is just one of several points in which
the U.S. authorities are taking to examine the telecom giant in
relations to corruption and bribery allegations.
Wednesday, 22 May 2013
The former majority owner and CEO of Saab Automobile, Victor Muller,
will be questioned and likely be accused or indicted for economic
crimes.
Wednesday, 22 May 2013
Swedish industrial sector plans to decrease their investments as signs
show a growing planned fall in volumes of expected planned investments
such as in buildings and equipments. In 2013, some Skr53.7 billion in
current prices stand at to be at stake in.
Wednesday, 22 May 2013
Forex Bank in Sweden has been warned and penalised to pay Skr 50
million for failing to handle its financial operations with a failed
financial services organisation Panaxia. The Swedish Financial
Authority, Finansinspektionen (FI) made this knownin a press release
out today.
Wednesday, 22 May 2013
New information on TeliaSonera's controversial business in Uzbekistan
has emerged in which various Swedish media sources are reporting that
the company negotiated as recently as last August with Gulnara
Karimova, the daughter of the country's dictator for exclusive business
access.
Tuesday, 21 May 2013
Timber company, Holmen which previously announced closures of PM 3 at
Hallsta Paper Mill and PM 51 at Braviken Paper Mill says that will take
place towards the end of September.
Tuesday, 21 May 2013
The former boss of Saab automobile, Jan-Ake Jonsson and his former
chief Financial Officer, Karl G. Lindstrom are now confirmed to have
been the ones arrested as we reported yesterday.
Tuesday, 21 May 2013
Swedish Telecom company, Ericsson is suspected of have bribed a
Romanian cabinet ministers some 10 years ago.
Monday, 20
May 2013
Since the factory collapse that took 1,200 lives in Bangladesh, the
Swedish fashion giant H & M has begun to explore the possibilities
of production in South America and Africa.
Monday, 20 May 2013
Three people from Saab Automobile's former management is suspected of
serious evasion of tax for the period 2010 until 2011. Two persons have
been arrested.
Sunday, 19 May 2013
Swedish construction and transportation sectors have been calculated
to be worst exposed to the effects of extreme competition and
distortion from
various EU places such that it could heavily affect Swedish businesses
and companies.
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