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Unexpected loss for Sony Ericsson blamed on the Japanese natural disaster and nuclear meltdown

Friday, 15 July 2011
Mobile phone manufacturer Sony Ericsson reported a loss before tax of €42 million for the second quarter of 2011. This compares with profits of €31 million corresponding periods of 2010.

Volvo Cars continues to impress Europe despite uncertainty in that market

Friday, 15 July 2011
After having a buoyant European car market in May, markets have turned around to back side in June, but Volvo car is still doing well.

Rise in SKF's profit despite uncertainties

Friday, 15 July 2011
Bearings giant SKF reports a profit before tax of Skr2.446 million for the second quarter of 2011. That compares with profit of Skr2.047 billion for the corresponding periods of 2010.

Bankruptcies in the construction industry is blamed on government’s tax relief

Thursday, 14 July 2011
The Swedish economy is performing well and bankruptcies in companies are falling, but not in the construction sector, which will see increased bankruptcies, according to business and credit information company UC.

Bank Panic on SEB's figures on the Stockholm stock market as analysts not impressed
Thursday, 14 July 2011
SEB CEO Annika Falkengren has triggered a banking chills on the stock market after the bank's interim report have not fallen on fertile ground among professional investors. SEB’s shares took a lead down among the major banks and reached a new low point for this year.

Giant banking group, SEB post better results than expected but is it enough

Thursday, 14 July 2011
Swedish giant banking group, SEB reported an operating profit of Skr4.278 million for the second quarter of 2011. This compares with Skr2.675 million in the corresponding periods of 2010.

Airliner, Norwegian turned into profit

Thursday, 14 July 2011
The Norwegian budget airline, Norwegian reported a profit before tax of Nkr 75 million for the second quarter.

Finnair will begin using bio fuels

Thursday, 14 July 2011
The airline Finnair will start flying on biofuel for the first time next week. According to reports from Finland’s national broadcaster Yle,  which also report that Finnair tested biofuel in an Airbus 320 recently.

Saab sells C3 Technologies

Thursday, 14 July 2011
Defence group Saab sells its stake in C3 Technologies AB for more than a Skr1billion.

Saab automobile aspirant, Antonov rejects criticisms levelled against him and his bank
Wednesday, 13 July 2011
Vladimir Antonov’s Swedish spokesman, Lars Carlstrom has rejected reports earlier today that his bank in Lithuania had committed misgivings and has been called to order by the Lithuanian Central Bank.

Saab messes with the most dangerous department in Sweden and the price could be very high and very painful

Wednesday, 13 July 2011
The Swedish tax authority has no sole and is ready to help vulnerable companies with a quick burial even if they have not finally died. According to the Swedish Tax Authority, Saab automobile, which is struggling to build up financial resources, is wasting time in paying its taxes and various contributions. The department does not like it.

Norwegian billionaire missing after a boat accident - feared dead

Wednesday, 13 July 2011
One of Norway's wealthiest businessmen, Per Erik Burud, is feared dead in a boating accident that happened last Tuesday to Wednesday night, according to news reports in Norway and Sweden

New all time low for Finnish mobile phone giant Nokia

Wednesday, 13 July 2011
It is not going well with thought of Nokia renaissance. The company saw its shares fell today over under €4, reaching its lowest level in 13 years.

Global Health Partner buys Danish Specialist healthcare firms

Wednesday, 13 July 2011
Listed company, Global Health Partners buys 70 percent stake of the Danish Orthopaedic Private Hospital, Aarhus, and a specialist clinic in orthopaedics and spine surgery in Aarhus, Denmark.

Kungsleden divests properties for Skr 65illion

Wednesday, 13 July 2011
Kungsleden AB (publ) is divesting two of its commercial properties for a total sales price of approximately SEK 65 m including transaction costs.

SIBA and NetonNet can be the electronic retailers to follow Onoff

Wednesday, 13 July 2011
Reduced sales and increased losses have affected many of the leading chains in the consumer electronics industry in Sweden. Another company in the bad side of the price war in the Swedish electronic market is Siba and internet electronic retailer Net on Net. Fears now is that they to could be following Onoff.

How Swedish mortgage customers are paying for banks’ borrowing bills

Wednesday, 13 July 2011
Swedish mortgage rates increase more than the banks' borrowing costs, even if one look at the repo rate. The difference is very glaring. New rules in recent years have led to banks' borrowing costs rising even more but that is no problem to the banks because customers can pay the bills passed to them by the banks.

Antonov’s organisation criticised by Lithuanian authorities for reckless lending

Wednesday, 13 July 2011
Bank of Lithuania accuses the Lithuanian bank Snoras, which is co-owned by Russian the businessmen who also have interest in Swedish automaker Saab, Vladimir Antonov, for breaking the lending law and engaged in reckless lending.

New large order for Andritz Hydro

Wednesday, 13 July 2011
Things are going well for Andritz Hydro AB, formerly known as Vaplan Mechanical, in times like these when a various Swedish hydropower plants have reached maturity and needs renovation. As such the company benefited from an order is worth over Skr100 million.

Stockholm Stock Exchange's shareholders under the investigation for bridge of competition guidelines

Tuesday, 12 July 2011
The Swedish Competition Authority suspects that the Stockholm Stock Exchange, OMX owners have created a situation where competitions in trade in Nordic securities have been constricted to give then unfair advantage. As such the market is being look into.

Reports of the availability of ‘serious bidders’ sparking speculation that Onoff may change ownership and survive

Tuesday, 12 July 2011
The in charge of the bankruptcy management of the electronic giant undergoing  bankruptcy application, Lars Eric Gustafsson, says that a handful of serious bidders have expressed an interest in taking over all or part of the affected home electronics chain.

Collapsed Swedish home electronic giant Onoff has debts of Skr800 million

Tuesday, 12 July 2011
The Swedish home electronic giant that collapsed yesterday, Onoff is reported to have a debt of Skr800million.

Lundin Petroleum finds gas in Malaysia

Tuesday, 12 July 2011
Lundin Petroleum has in a drilling deposit Tarap in Malaysia found gas, the company said on Tuesday.

Atlas Copco receives a new record order in Mexico

Tuesday, 12 July 2011
Atlas Copco has received an order from the Mexican mining group Peñoles. Valued at about MUSD 67 (MSEK 420), it is one of the largest underground mining equipment contracts ever for Atlas Copco, and the company’s second very large order in Mexico this year.

DNB Nor shows better than expected performance

Tuesday, 12 July 2011
The large Norwegian bank,  DnB NOR made a profit before tax of Nkr4.7 billion for the second quarter. During the same quarter of 2010, earnings reached Nkr4.4 billion.

Which are some of the best global 15 cities in the world for business start-ups? Stockholm is one them

Tuesday, 12 July 2011
If the Idea is to start a business, then Stockholm is a place to be according to latest assessments of the best cities to start a business in the world.

Patent application Sweden falls while patent application choose to apply elsewhere

Tuesday, 12 July 2011
Swedish companies are seeking patents abroad rather than in Sweden. Applications to the Swedish PRV have reduced to a large extent so far this year.

Fears that the Danish biotech sector is gradually disappearing

Monday, 11 July 2011
The Danish biotech sector had been identified as the new wind industry and one of the areas in which Denmark will rely on growth in the future. But right now it does not feel as if that reality is being made possible.

On of Sweden’s leading electronic dealers, Onoff could not stand the pressure - throw in the towel

Monday, 11 July 2011
We learn today that one of Sweden’s leading electronic retailer chains, Onoff has throws in the towel and bow out of the market on Monday. On it way out it filed for bankruptcy at the Attunda District court in Sweden.

Saab automobile has received money for the sale of its factory

Monday, 11 July 2011
Saab Automobile has now received money from its property sales. This was confirmed by the car manufacturer's information chief, Eric Geers according to the Swedish business daily, Dagens Industri

Big is better for the Swedish Education sector

Monday, 11 July 2011
Sweden love big companies and here it comes in the education sector. In order to strengthen their grip in the Swedish school business market, independent schools, Academedia and Pysslingen Preschools are to merge.

Electrolux buys Olympic Group

Sunday, 10 July 2011
Electrolux has signed an agreement to buy 52 percent stake in the Egyptian white goods giant Olympic Group. Majority stake si sold by the Parent Paradise Capital and the final bill for the new Electrolux acquisition is expected to reach Skr2.1 billion.

Talks of expanding investment in Nuclear power stirs up quarrel within the Swedish government

Friday, 08 July 2011
Vattenfall, the Swedish state owned Energy Company made a statement yesterday that they want to increase investments in nuclear energy. This will means that the company will build new nuclear power stations for Skr50 billion. This has stirred up a brawl within the Swedish government.

Talks of expanding investment in Nuclear power stirs up quarrel within the Swedish government

Friday, 08 July 2011
Vattenfall, the Swedish state owned Energy Company made a statement yesterday that they want to increase investments in nuclear energy. This will means that the company will build new nuclear power stations for Skr50 billion. This has stirred up a brawl within the Swedish government.

Challenges to the Swedish Pharmacies market after deregulation – How to make a profit

Friday, 08 July 2011
The largest player in the Swedish pharmacy market, Apotek Hjärtat, reported a loss of Skr358 million after tax, indicating something that might not have been known about the Swedish pharmacy market in its first year operation. It looks like the market for new pharmacies is rough out there.

Saab’s property sales cover only two months wages so how can the company get more money to start production

Thursday, 07 July 2011
The sale of Saab’s real estate is aimed at raising money for the cash strapped company so as to pay suppliers and workers. But Skr 255 million which the company will receive after Swedish government approval of the transaction will pay worker only for two months.

Danish airline Cimber Sterling bought over by Ukrainian business consortium

Thursday, 07 July 2011
The Danish airline Cimber Sterling has been bought by investment company Mansvell, led by Ukrainian Igor Kolomojskij.

Question: Is the rail link between Stockholm city and Arlanda airport operated by a monopoly? Yes. What do Swedish opposition parties want to do about it?

Thursday, 07 July 2011
The Swedish opposition parties have a little distrust of the government’s policies with some types of big companies. They feel that the government could be giving concessions to some companies to become too dominant and gain monopoly power.

Record traffic for Oslo based Norwegian, the airliner

Thursday, 07 July 2011
The Norwegian budge airline Norwegian has seen its passenger traffic (RPK) rose by 25 percent in June, compared to the same month last year.

Swedish government gives thumbs up to Saab real estate business

Thursday, 07 July 2011
Gradually Saab automobile is seeing its fortune changing gradually, The Swedish government has finally confirms that the company’s real estate sales business should go ahead.

swedish Tourist companies believe in a better future

Wednesday, 06 July 2011
One in four entrepreneur of the Swedish tourism sector is planning to hire new employees and more than 80 percent are in a favourable future.

The rise and fall of Nokia: How Nokia’s top engineers pushed the company to the brink

Tuesday, 05 July 2011
In the heydays of Nokia, which is in 1997s, suddenly 45 Nokia’s top engineers created their own companies, with the intention to work for Nokia's biggest competitors but that move later backfire. This was a bold move that would have tipped Nokia off the cliff long ago.

Swedish Debt Office approves Saab Business

Tuesday, 05 July 2011
Just as we reported in the morning, the Swedish debt office has approved Saab automobile’s business just after the EIB approved its operations.

Nokia finally decides to slash prices of its mobile phones

Tuesday, 05 July 2011
Finnish mobile giant, Nokia has started dumping prices of its several mobile phones to as much as 15 percent.

Ikea gets rid of IT professionals

Tuesday, 05 July 2011
Ikea outsources parts of its IT operations to three external companies, HCL, IBM and CAP.

Widespread cheating and corruption in the Swedish construction sector

Tuesday, 05 July 2011
Once against there is bad news coming from the Swedish construction sector which is challenging the Swedish model of low corruption. More allegations of graft and bribery which have been described as being commonplace in the construction industry have been unearthed.

EIB finally approves Saab's sales of property Business

Monday, 04 July 2011
The thorn in the flesh of Saab, the European Investment Bank (EIB), has finally approved the Saab's property sale business, said the bank and reported by most Swedish media networks. The deal will give Skr255 million to the ailing financially tight car manufactuere.

Agreement between Saab and Chinese collaborators finally signed.

Monday, 04 July 2011
Swedish Automobile, Saab manufacturer, has signed a definitive agreement for cooperation with Chinese Pang Da and China Youngman. It will secure Skr245 million to the ailing car maker in Trollhättan.

More and more new companies in Sweden

Sunday, 03 July 2011
One reports show that the Swedes are not taking more risks in starting their own business and yet anther report emerge that more new businesses are being created in the country. This makes it hard to understand which direction Swedish entrepreneurial development is moving.

Saab worker to get vacation immediately production starts even though they have not been working

Sunday, 03 July 2011
Saab workers are going back to work on Monday but there is likely no work to be done again in its factory in Trollhattan, near Gothenburg in Sweden. In fact, no production is expected after the company tried to pay workers after it money really went dry.

Volvo Cars sales in North America increase sharply especially in the U.S.

Saturday, 02 July 2011
Volvo Cars is doing well and is gradually cracking the American market after it was dumped by Ford.

Russian billionaire Antonov want to cut Saab’s ties with the EIB

Saturday, 02 July 2011
The Russian financier Vladimir Antonov wants Saab to cut ties with the European Investment Bank (EIB).

Defence group Saab has received one billion orders

Friday, 01 July 2011
Aerospace & defense company Saab has received an order from the Swedish Defence Materiel Administration (FMV), valued at Skr1.034 billion.

Vattenfall sells district heating projects

Friday, 01 July 2011
Swedish state energy giant Vattenfall's Dutch subsidiary, Nuon sells three small-scale district heating projects in energy and waste management company HVC.

Danish Windmill Company, Vestas enters into a gigantic contract with the French

Friday, 01 July 2011
Danish wind Power Company, Vestas will gets busy supplying turbines to French EDF Energies Nouvelles in the coming years.

Swedish Shipping companies opting for arms against pirates

Friday, 01 July 2011
In April the Swedish government launched a rapid investigation, to find out if the Swedish ships should use armed guards to protect themselves against pirates.

Volvo Cars on its way to record growth while Saab’s bad PR stakes effect on sales

Friday, 01 July 2011
Volvo cars sales are better than expected and the Volvo car Corporation is looking at hitting record growth since the Chinese took over.  After the holiday season tempo in the factories have increased. Whereas the other Swedish automaker, Saab is seeing its sales plummet as bad PR continues to fly out from the company damping sales.

Swedes are not good starting new businesses – contrary to previous perception

Thursday, 30 June 2011
It was at first thought that Swedes were great at starting their own businesses and very dynamic in entrepreneurial related activities. But it turns out that starting a business is not a thing for the Swedes.

Swedish-Danish Postnord buys NH Logistic

Thursday, 30 June 2011
The Swedish-Danish postal group Postnord (Post North) buys NH Logistics from Nordstjernan Industrial Development for a sum not specified.

Astra Zeneca to stops program where doctors are invited for trips
Thursday, 30 June 2011
The move where Pharmaceutical giant for years have been inviting doctors to travel to conferences around the world will be stopped.

Antonov write a personal letter to Swedish industry minister, Olofsson

Thursday, 30 June 2011
The Russian financier, Vladimir Antonov, who wants to become part owner of Saab, is appealing in a personal letter to Maud Olofsson, Swedish minister of industries to do all she can to save Saab from collapse.

How Ford was desperate to offload a great brand, Volvo car corp., sold for Eleven billion.  A gift to the Chinese

Wednesday, 29 June 2011
When the crisis hit, it is not clear whether Ford lost composure or there was something about Sweden that made them wanted to separately offload a great brand and hope out.

Defence group Saab purchase U.S. air Solution Company
Wednesday, 29 June 2011
Swedish defence Group, Saab acquires the U.S. Company Sensis Corporation, which provides solutions for air traffic control and monitoring technology.

Social Democrats criticise the Swedish government's handling of the Saab crisis
Wednesday, 29 June 2011
The Swedish social democrat leader Hakan Juholt has attacked the Swedish palying joke with Swedish industry by not taking Saab’s problem close at heart.

Saab Automobile is now paying the salaries of its workers

Wednesday, 29 June 2011
Saab Automobile said on Wednesday afternoon that they have taken a loan of EUR 25 million from the fund Gemini Investment Fund. This money is said to being used to pay its workers who could not be paid at the end of the month.

Nokia to cuts large amount of its workers in its Salo production unit in Finland

Wednesday, 29 June 2011
According to Finnish national broadcaster, YLE , they have information that redundancy notices have already been given out at Salo plant of the Finnish mobile phone giant Nokia.

Electrolux Egyptian business will soon be a reality
Wednesday, 29 June 2011
White goods giant Electrolux purchase of Egyptian Olympic Group is on its way to realisation, according to the chairman of Olympics Parent Paradise Capital.

Ekfors Kraft, Energy Company bankrupt
Wednesday, 29 June 2011
Ekfors Kraft, the Swedish energy company declared bankrupt last Monday by Stockholm District Court, reports Swedish media regional sources in Norrbotten.

Three percent of Swedes have web surfing Tablet

Wednesday, 29 June 2011
Three percent of Swedes now owns an Iphone or a different type of internet surf board.
Hottest is the new technology gadget in metropolitan areas, according to a survey conducted by TNS Sifo and presented by the Association of Swedish Advertisers.

Securitas extends bid for Niscayah

Wednesday, 29 June 2011
Swedish security giant, Securitas extends its offer for the industry colleague Niscayah until 12 August.

SCA hygiene shops in Turkey

Wednesday, 29 June 2011
Forest Group SCA buys 50 percent of Komili, which is the fourth largest producer of baby diapers and feminine hygiene products in Turkey.

GM accepts Antonov into Saab’s management. EIB next huddle

Wednesday, 29 June 2011
Saab's previous owner, American General Motors (GM) has changed and now gives the green light for Russian Vladimir Antonov to become part owner of the car manufacturer, according to reports in Swedish press.

The jobs will be more throughout the country

Wednesday, 29 June 2011
There’ll come a time when almost all in Sweden will have a job and the government will be making lots of money from taxes and reduced spending in unemployment benefits. This is a dream but also might be an expectation.

Russian billionare, Antonov standing with money in hand while his interest Saab goes bankrupt

Tuesday, 28 June 2011
The Russian billionaire financier, and investors, Vladimir Antonov is still ready to go in as the owner of Saab. "If we are approved today the money will be here in the morning," said Antonov’s Swedish representative.

Saab will finally sells property

Tuesday, 28 June 2011
Saab Automobile sells 50.1 percent stake in Saab Automobile Property to a consortium led by Hemfosa Properties. This has been one of the strongest crave of Saab to pursue this move so as to raise badly needed short term cash.

Veolia takes over Swedish side of Øresund Traffic

Tuesday, 28 June 2011
Veolia Transport is reported to gradually taking over Öresund traffic on the Swedish side in the autumn. The solution is made public according to a press release. Trains train will continue as usual in southern Sweden and over the Oresund Bridge.

Ailing Danish rail company DSBFirst had very rotten accounting results – now wants to blame Swedish side for Losses

Monday, 27 June 2011
DSBFirst presents the worst accounting for the Danish state railways history. DSBFirst Denmark A / S, DSBFirst Sweden AB and DSBFirst Väst AB had a total deficit of almost Dkr582 million in 2010.

Finnish Nokia no longer on top FT 100 companies. Previously weaker opponent have zoomed passed Nokia

Monday, 27 June 2011
Nokia's position in the Financial Times list of big companies have fallen dramatically over the past year.

Billionaire Russian Investor Antonov still interested in Saab

Monday, 27 June 2011
Saab's employees would have received their pay in the Russian financier Vladimir Antonov, had been accepted as part investor or owner of the company according to Antonov Swedish representative, Lars Carlstrom.

Danish Shipping giant Maersk to buy more giant ships

Monday, 27 June 2011
Danish AP Moller-Maersk will buys ten additional ships of the world's largest container ships from South Korean Daewoo Shipbuilding & Marine Engineering.

Electrolux wants to discuss Daewoo purchase

Monday, 27 June 2011
The Swedish appliance manufacturer Electrolux has agreed to begin negotiations with South Korean Daewoo Electronics' creditors on a takeover of Daewoo.

More Chinese orders for the Saab cars could give the company a turn around

Monday, 27 June 2011
A Chinese company has ordered 582 cars from ailing Saab Automobile. The order is valued at €13 million, approximately SEK 120 million, and Saab expects to receive the money this week, according to a press release from the company's owners Swedish Automobile (formerly known as Spyker).

More blows to Saab automobile as various board members resign and the Union call for the company to seek bankruptcy protection.

Sunday, 26 June 2011
There are no more board members left in the car manufacturer Saab Automobile's board, apart from Chairman Victor Muller. Saab's legal counsellor Kristina Geer as well as two members of the Union has resigned from the board and other positions they hold.

Pang Da stands by Saab despite standstill in Saab factory and the views of bankruptcy

Friday, 24 June 2011
A representative of the Pang Da, one of Saab Automobile's Chinese partners, said in an interview with Bloomberg News that it stands by the deal they made with Saab owners, Swedish Automobile (formerly Spyker), despite the stoppage of production in the factory.

That Saab CEO Muller chasing money in the U.S. – could get support from the Chinese Pang Da

Friday, 24 June 2011
Saab's communications director Eric Geers said to Swedish television that the Chairman Victor Muller is in the U.S. to find new financial solutions. There is also indication that Pang Da the Chinese partner could provide support

EQT V sells Securitas Direct to Bain Capital and Hellman & Friedman

Friday, 24 June 2011
EQT V has agreed to sell Securitas Direct to private equity funds managed by Bain Capital and Hellman & Friedman for an enterprise value of SEK 21 billion in cash plus a potential additional payment of up to SEK 0.9 billion.

IF Metall calls on the Swedish government to let in Antonov as partner in Saab

Friday, 24 June 2011
After yesterday's problems with missing wages payments to Saab’s worker, the Union of the workers of the automotive sector, IF Metall is now calling on the Swedish government to do all it can to allow the Russian financier Vladimir Antonov to be part of the Saab’s organisation.

Saab automobile could be placed on bankruptcy protection

Thursday, 23 June 2011
Saab troubles have take so much press time than marketing to see that the company becomes fully transformed and move on to become a leading brand as it supposed to be.

Saab’s crisis deepens to breaking point. Cannot pay workers’ salaries.

Thursday, 23 June 2011
Saab automobile is tumbling over as its crisis reaches breaking point. Today, the company said that it can not pay salaries to its employees. The company has come out clean to say that it has no money.

Volvo is planning a multi billion Kronor construction project in Daqing

Thursday, 23 June 2011
Volvo Cars China plans to roll on in China. The company's second factory in the country in the oil town of Daqing is planned to be finished 2013.

Canadian teachers want to buy Copenhagen Airport

Wednesday, 22 June 2011
The major shareholder of the Copenhagen Airports (CPH), the Australian Macquarie Capital Funds, is considering getting rid of the bulk of his shares in the company.

Energy giant Vattenfall loses Skr10 billion blamed on German decommissioning
Wednesday, 22 June 2011
Vattenfall's operating profit for the second quarter will be loaded with more than ten billion looses incurred in the Germany nuclear plants closure.

Energy giant Vattenfall loses Skr10 billion blamed on German decommissioning

Wednesday, 22 June 2011
Vattenfall's operating profit for the second quarter will be loaded with more than ten billion looses incurred in the Germany nuclear plants closure.

Saab automobile of little importance to Sweden

Wednesday, 22 June 2011
Saab Automobile's impact on the Swedish economy is limited and its value is only 0.11 percent of Swedish GDP. Therefore as Saab is dragging its feet in despair, it’s collapse will means nothing to the Swedish economy.

How Jacoby wants to make Volvocars strong and competitive with the Germans

Wednesday, 22 June 2011
Volvo Cars CEO Stephen Jacoby has presented a plan for the carmaker to grow faster even beyond all expectations.

Gambling advertising on Swedish presses allowed

Wednesday, 22 June 2011
Swedish newspapers can continue publishing advertisements for foreign gambling companies.

Impressive sales a boost for H & M despite a picky market

Wednesday, 22 June 2011
Hennes & Mauritz reported a profit before tax of Skr 5752 million for the split fiscal second quarter against Skr7040million in the past similar period last year.

Nokia unveils new smartphone on the MeeGo operating system

Tuesday, 21 June 2011
Nokia has unveiled a new phone using the MeeGo operating system, just a few months before the company hopes to reveal its first Windows-based mobiles.

Stena Ferry to be run by wind power and to cut fuel consumption

Tuesday, 21 June 2011
Stena Line has equipped its ferry Stena Jutlandica with two wind turbines in the bow.

Ryanair to help COMAC in aircraft development

Tuesday, 21 June 2011
The Irish airline Ryanair announced on Tuesday that it will help the aircraft manufacturer, Commercial Aircraft Corporation of China (COMAC) to develop the new commercial aircraft type C, 919.

BP doing all to regain public confidence and to pay for disaster: Svanberg

Tuesday, 21 June 2011
BP will set aside some $41billion to act on the aftermath of the oil disaster in the Gulf of Mexico such as cleaning, rehabilitation, fines and compensation claims, said the company's Swedish chairman, Carl-Henric Svanberg.

Saab supplier forced to reconstruction

Tuesday, 21 June 2011
Saab automobile’s inability to pay its debts has made situations impossible for a supplier.

Arlanda express profits paid to tax haven in Luxembourg

Tuesday, 21 June 2011
Arlanda direct rail transport system, made record profits last year thanks to government subsidies. But the profits did not stay in Sweden. Instead it ended up in ends up in tax haven of Luxembourg.

A positive position for Saab automobile as IAC finds Saab’s proposal acceptable

Tuesday, 21 June 2011
One of Saab’s proposals to provide a 10 percent payment to its suppliers so that supplies could flow and production resumes has been positively received by IAC, one of Saab's many suppliers.

Norwegian expands aircraft orders

Tuesday, 21 June 2011
Norwegian budget airliner, Norwegian, orders 15 more planes from Boeing, the 737-800 model.

ABB builds in Algeria

Monday, 20 June 2011
Power and automation technology group ABB has won an order worth Skr269.2 million from Algeria's leading energy company Sonelgaz.

NCC to build highway in Norway

Monday, 20 June 2011
NCC Construction Norway has been commissioned to build a seven-kilometre highway in Norwegian Vestfold.

SAS to modernise fleet and places order for 30 Airbus planes.

Monday, 20 June 2011
SAS on Monday ordered 30 planes from European aircraft manufacturer, Airbus, with options for another eleven planes in the future. The model being sought after is the Airbus A320 neo said SAS in a press release.

Shortage of Pharmacists constrict the growth of the sector in Sweden

Monday, 20 June 2011
The Swedish pharmacy industry can not keep up with the opening of new pharmacies in the rate at which the companies themselves want. The market is increasing at such a pace that companies find it difficult to get hold of staff.

Saab automobile’s factory sale moving up the right direction as expected

Monday, 20 June 2011
A new buyer has emerged for the Saab automobile’s factory sale. The interested buyer is a Real estate company, Hemfosa, which is ready to pay more than Skr 290 million for the Saab factory in Trollhattan as Saab automobile continues the quest for funding.

Waterfalls accused of being Europe's worst nuclear power companies

Sunday, 19 June 2011
Vattenfall is Europe's worst nuclear power companies when it comes to efficient utilisation of reactors to produce maximum amount of energy.

Impressive production performance for Volvo trucks and its collaborators

Saturday, 18 June 2011
Volvo Trucks' deliveries increased by 74 percent to 10,228 vehicles in May compared to the same month last year. The increase included all major markets.

LinkedIn opens an office in Stockholm

Wednesday, 15 June 2011
The Professional Network site LinkedIn is expanding in Europe and is establishing an office in Stockholm.

Private equity firms want to buy Com Hem cable network

Tuesday, 14 June 2011
Private equity companies Nordic Capital and Cinven are getting together to jointly buy Swedish cable network, Com Hem,

Autoliv Presents New Safety Product - New windshield pillar for better driver visibility and better crash protection

Stockholm, 14 June, 2011
At the on-going international conference Enhanced Safety of Vehicles (ESV), Autoliv, Inc. – the global leader in automotive safety systems – presented the test results of the Company’s latest innovation.

Ericsson in a major buying deal in the U.S. Stock price rose in Stockholm upon the news

Tuesday, 14 June 2011
Telecoms giant Ericsson will pay approximately SEK 7 billion in cash for the U.S. telecom company Telcordia. A perfect combination considers Ericsson and the market responds positively to the purchase move.

Poor working condition in the Swedish cleaning sector
Tuesday, 14 June 2011
Cleaning is not a very attractive job but Sweden tried to make it attractive by legislating some years ago that clearers should be well paid and have great pleasure doing what they do.

TeliaSonera invests Skr8 billion in expanding Fibre optic internet connections most in Sweden

Tuesday, 14 June 2011
Telia Sonera will invest Skr8 billion in fibre – optic networks by 2014. Of these, Skr5 billion is to be invested in Sweden.

Okay! Some good news from Nokia for once

Tuesday, 14 June 2011
Nokia put some shine on its face with something of a good news for hard-pressed company in recent times. The Finnish telecom giant has reached an agreement with Apple and Steve Jobs in a long-running patent dispute.

Samsung to surpass Nokia as world number one smart phones company

Monday, 13 June 2011
South Korean Samsung is being tipped to pass Finnish current world mobile phone giant by the next quarter in the production of smart phone according to a prediction by the Japanese investment bank Nomura.

Electrolux to implement price increases in Europe

Monday, 13 June 2011
Electrolux plans to increase prices for appliances in the European market by 5-7%, effective as of October 1, 2011. The price increases will offset increasing costs for raw-materials and transportation.

The Chinese are here to stay: They want to take over majority control of Saab automobile

Monday, 13 June 2011
Despite depressing reports from various Swedish presses about Saab and the behaviours of their subcontractors, Saab automobile waxes on with its quest to grow and to build partnerships and relationships. New agreements are being signed with some Chinese.

Persistent talks of Saab automobile shifting to bankruptcy within weeks

Monday, 13 June 2011
The stresses in Saab automobile continue with yet dampening news from the Swedish presses. Reports hold that the company is still not yet out of the woods and the worst, the company could be shifting towards bankruptcy within weeks.

Volvo cars tries to perfect technology that slow down for Animals at night

Saturday, 11 June 2011
Continuous development in and the strengthening of the safety standards that made Volvo a global superstar continues with more improvements. The next step in that direction has to do with effecting the auto breaking system where by even in the dark, the car will be able to break on its own if it feels that it is about to collide with something.

Another explosion in an Ikea store in Europe- this time in Germany

Saturday, 11 June 2011
Two people received minor injuries when an explosive device detonated at an Ikea store in Dresden, Germany on Friday night.

European Unions worker organisations attack Ikea on worker’s rights

Saturday, 11 June 2011
The European trade unions demand that Swedish furniture giant, Ikea guarantees trade union rights for all employees.

Volvo hopes for rapid growth in China

Friday, 10 June 2011
The Chinese market is expected to become a leading world market as China juggles for position and creeps to over take the USA and Volvo wants to part of this growth.

Securitas buys Security Company in Jordan

Thursday, 09 June 2011
Security Company, Securitas buys more than half the shares in the security company Al Sharika Al Muatfawika Likhadamat Al Amin Wa Al Himaya in Jordan. Seller is the Jordanian company JoSecure.

Giant Arla wants to swallow smaller Milko in an attempt to merge

Thursday, 09 June 2011
The small Swedish dairy Milko is to be swallowed by the giant market leader, Danish – Swedish Arla Foods. The dairy companies said of the merger that it was a strategic decision in an announcement this morning at a joint press conference in Stockholm.

Volvo recall cars to corrects data errors

Thursday, 09 June 2011
Volvo recall of 7588 of the new Volvo S60 to review the software of the fuel pumps on the car, reported the Wall Street Journal. The cars were built between 18 November 2010 and May 5 this year.

Nokia's technology manager resigns

Thursday, 09 June 2011
Nokia's technology director Rich Green leaves Nokia for an indefinite period, writes the Finnish newspaper Helsingin Sanomat. Nokia confirms the news, but says nothing about how long Green will be gone.

Chinese working model practised on the Swedish shop floor - 80 hours working week not acceptable in Sweden

Wednesday, 08 June 2011
The emergence of China as an economic super power is great because it tries to create some competition and alternative to the traditional European and American incumbent. One reason why many people are scared of Chinese as employers is its deep rooted style of disrespect to other people especially its attitude towards people who work for her.

More Finns take a long term view of Nokia and hold their shares in the company despite all the noises

Wednesday, 08 June 2011
The Finnish mobile giant is very close to the Finnish people’s heart. This is why many Finns still struggle to seek ways of keeping their darling company afloat.

Sony Ericcson ponders taking over from where Nokia stopped in Copenhagen

Wednesday, 08 June 2011
Sony Ericsson's CEO Bert Nordberg will open a development centre in Copenhagen, according to media reports in Denmark. This means that he would love to seize the chance and benefit from the skills Nokia shaded when it closed its development centre there.

PA Resources Final planned production well at Azurite in the Congo in operation

Wednesday, 08 June 2011
Oil and gas group PA Resources announced on Wednesday that final production well on Azurite Field offshore Republic of Congo has today commenced oil production as planned.

Alfa Laval wins SEK 70 million energy efficiency order in Russia

Wednesday, 08 June 2011
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order for compact heat exchangers from a refinery in Russia. The order value is about SEK 70 million and delivery is scheduled for 2012.

Rumour in the vicinity that Samsung wants Nokia

Wednesday, 08 June 2011
The market is speculating that Samsung is planning to make a bid for the ailing Nokia.
Speculation is so strong that Samsung on Wednesday issued a press release in which the company declined to comment on the issues. Neither Nokia want to comment on the rumour, Dow Jones Newswires reported.

Wobbly Saab automobile more interruption in production and operations

Wednesday, 08 June 2011
At seven o'clock on Wednesday morning, parts of the production operations in the Saab Automobile’s factory in Trollhättan near Gothenburg, Sweden started as promised yesterday.

Saab automobile parent company, Spyker changes name to swedish automobile

Wednesday, 08 June 2011
Saab Automobile’s parent company, Spyker Cars changes its name to Swedish Automobile in June 15, according to a press release.

DSBFirst can continue operating in Sweden

Tuesday, 07 June 2011
The Swedish Transport Management has let DSBFirst to keep its license to run trains on the Swedish part Øresund services, writes the Danisy newspaper Politiken.

30 000 commuters may be affected by Debacles with DSBFirst

Tuesday, 07 June 2011
Now it depends on DSB First to retain the right to operate its Swedish side of its traffic which starts in Denmark and runs through the west coast of Sweden.  This traffic affects some 30 000 Swedish commuters between Sweden and Denmark. If the company’s licience is withdrawn, there will be massive interruption in the traffic in the sector.

New production interruption in the Saab factory in Gothenburg

Tuesday, 07 June 2011
Production in the Saab Automobile factory in Trollhättan once more came to an abrupt stop on Tuesday when car builders on the shop floor could not find some parts.

It looks like Swedish state company Vattenfall can emerge winner in German nuclear clamp down

Tuesday, 07 June 2011
The German government’s decision to abolish nuclear power in the nearest future has led to bruised shoulder with the Swedish energy giant Vattefall. But it looks like things are not as bad as the company previously feared. 

Tides turning in the Swedish business scene as bankruptcies rose in May

Tuesday, 07 June 2011
The number of corporate bankruptcies rose by 4 percent in May, according to statistics from credit agency UC which keeps the data.

Norwegian bankers to go on strike - a strange development in a profession thought to be safe in wealth

Monday, 06 June 2011
For the first time in modern times or since the1970s, there is a strange talk of bankers and bank workers going on strike. This is a very strange tale and where would this come from? Norway! The last time a bank strike took place in Norway was in 1976.

Statoil sells stake in Gasslan for Nkr17 billion

Monday, 06 June 2011
Norwegian oil company, Statoil, sells 24.1 percent of its stake in gas company Gassled for more than Nkr17.3 billion or some Skr20 billion.

Danish IT companies out for the hunt of inspiration and support in Silicon Valley

Monday, 06 June 2011
There is struggle in the Danish economy right now and creativity has to intensify. One such evidence in this line is the initiative taken by 20 young Danish IT companies whom will today Monday launch a week-long tour of Silicon Valley in California, USA in search for investors and partners.

Vattenfall tries to penetrate the Franch market with big investement

Saturday, 04 June 2011
The state energy company Vattenfall will invest up to nine billion Swedish Kronors in French hydro.

Saab to resign Next JAS aircraft in the UK so as to benefit from UK technology and expertise

Friday, 03 June 2011
An aircraft carrier version of the JAS 39 Gripen aircraft will be developed in London by British engineers in what is described as ‘in the first instance.’ Saab AB therefore will open new UK headquarters and draw on British engineering expertise in a new Saab Design Centre in London.

Saab automobile’s jobs stays with Saab as job retention remain high

Friday, 03 June 2011
Saab Automobile has had a period of black, bleak headlines, the outage and uncertainties has still not chased all its workers away despite rumour that some of them had started looking for work in rival Volvo.

Cairn Energy threatens Greenpeace with legal action if disrupted again

Friday, 03 June 2011
Cairn Energy which has been disrupted recently on almost a regular basis by Green peace activist in Greenland, has taken legal action in the Netherlands against them claiming damages of up to two million pounds a day if Greenpeace activists again disrupt  the company's drilling for oil in the Arctic.

Nokia reject speculation of a possible Microsoft Takeover

Thursday, 02 June 2011
Nokia CEO Stephen Elop has dismissed the idea as "baseless" a report that Microsoft had agreed to purchase the Finnish company's mobile business.

Volvo Cars' sales continue to increase in the U.S.

Thursday, 02 June 2011
Sales of Volvo Car Corporation in the U.S. rose by 58 percent in May, compared to the same month last year. May 2011 thus becomes the Volvo car’s best month since March 2008.

Boost for Saab as Pang Da places order for more Saab cars

Wednesday, 01 June 2011
Saab’s Chinese saviour and leading customer Pang Da has ordered another 630 Saab vehicles. The order is worth EUR 15 million, approximately SEK 133 million, and comes after the first sale of 1300 cars for 30 million euros.

Nokia to close down on line store in some international markets

Wednesday, 01 June 2011
As Nokia's share price plummets, the news that mobile giant will close its online retailers in an increasing number of countries is not being taken as strange but surprising as how a great company like nokia has come to a level that it has no strategy to revive itself.

Times are looking good and Sony Ericsson wants to recruit again

Wednesday, 01 June 2011
Following widespread layoffs during the crisis period Swedish – Japanese mobile phone company, Sony Ericsson is to start recruiting again. About 30 posts will be filled in Lund, Sweden according to various new networks.

Ericsson wins wireless broadband order from the Australian government

Wednesday, 01 June 2011
Swedish telecom giant Ericson has been approached by the Australian State-owned National Broadband Network (NBN) and they have both agreed on a deal worth around Skr7.4 billion.

Bomb explosions at Ikea shops in Europe

Tuesday, 31 May 2011
Smaller explosions occurred in three of the Ikea stores in the Netherlands, Belgium and France yesterday. Nobody was seriously injured but two employees are reported to have had ear pain after the explosions.

Nokia can’t sop falling – Now issued profit warning

Tuesday, 31 May 2011
Nokia will not honour the forecasts issued for revenue and operating margins, the company announced in a press release on Tuesday.

Expectation of fall in prices for long haul flights from Scandinavia by next year

Tuesday, 31 May 2011
The signs are it will be here finally next year. This we are referring to flight to well below half their today’s price when several low cost airlines in Scandinavia embark on long-haul flights. Two Norwegian players have already signed up on the pitch.

Smaller Danish banks caught in billion Krona bankruptcy struggle

Tuesday, 31 May 2011
As the Danish financial sector continues to reel from the effects of the last depression, the gloom is not yet over. It looks like its will really get worse before getting better. A leasing company which borrowed billions from Danish smaller banks is having financial distress. As it is expected that the company might collapse, the banks are holding their nerves for the worse.


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H&M Group sales development in June 2011
Friday, 15 July 2011
In June 2011, H&M group total sales including VAT increased by 5 percent compared to the same month previous year, calculated in local currencies.

Atlas Copco acquires Spanish generator manufacturer Gesan
Stockholm, Sweden, July 15, 2011
 Atlas Copco SAE has acquired Grupo Electrógenos GESAN S.A. of Spain, a manufacturer of diesel and petrol generators sold through a global distributor network.

Diamyd appoints Peter Zerhouni as President

Monday, 04 July 2011
The Board of Diamyd Medical has appointed Peter Zerhouni, Acting President of Diamyd Medical AB, as President of the Company.

Kungsleden divests properties to Hemsö

Monday, 04 July 2011
In the press release dated 12 April 2011, Kungsleden AB (publ) announced a property swap with Peab.

Alfa Laval wins major brewery order in Brazil

Monday, 04 July 2011
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order for a brewery solution from one of the largest global brewery groups.

Aspiro employees redeem stock options

Friday, 01 July 2011
Aspiro employees have requested redemption of 2,315,000 stock options in accordance with the stock option plan 2009/2011, which was decided by the AGM 2009 and had its closing date on 30 June 2011.

Electrolux: Jack Truong appointed Head of Major Appliances North America

Friday, 01 July 2011
Jack Truong is appointed new President and CEO of Electrolux Major Appliances North America and Executive Vice President of AB Electrolux, succeeding Kevin Scott, who will leave Electrolux after eight years with the company.

Borg and McEnroe take their rivalry to the next level

Friday, 01 July 2011
The greatest sports duo of all time, Björn Borg and John McEnroe, will now join forces through the launch of a limited edition underwear collection.

Hemsö purchases property for Skr 180 million
Friday, 01 July 2011

Diamyd increases shareholding in Protein Sciences Corporation

Thursday, 30 June 2011
Diamyd Medical AB announced today that the Company’s convertible promissory note in the US vaccine company Protein Sciences Corporation has been converted into shares.

ARTIMPLANT appoints new CEO

Tuesday, 28 June 2011
Kjell Thörnbring has been appointed to the new CEO of Artimplant AB. He has been acting CEO since May 4 and he has at the same time maintained the position of CFO.

Changes to legal structure and reduced capital in Swedbank AS

Tuesday, 28 June 2011
Swedbank AB has decided to undertake changes to its legal structure in reference to the bank’s three Baltic subsidiaries and make these directly owned by Swedbank AB.

Scania launches operations in Japan

Friday, 24 June 2011
Truck manufacturer Scania has created a sales and service companies in Japan, according to a press release.

HiQ commences collaboration with Porvoo energy and Kerava energy
Thursday, 23 June 2011
HiQ has strengthened its position in the energy sector by partnering with energy providers for the cities of Porvoo and Kerava in Finland.

Diamyd initiates closure of US Phase III study
Thursday, 23 June 2011
Diamyd Medical AB reports that the Company has decided to suspend dosing in a US Phase III study with the antigen-based therapy Diamyd® and to initiate closure of the study.

Medivir signs agreement with Daewoong to distribute Xerclear® in China and Hong Kong

Thursday, 23 June 2011
Medivir AB (OMX: MVIR), a research-based specialty pharmaceutical company focused on infectious diseases, today announced that it has signed an agreement with Daewoong Pharmaceutical Co. Ltd. to exclusively distribute Medivir’s unique cold sore treatment Xerclear® in China and Hong Kong.

Zyclara filed in Europe

Thursday, 23 June 2011
The marketing authorization application for the patented product Zyclara (imiquimod 3.75% cream) has been filed with the European Medicines Agency (EMA).

SKF receives order from Bombardier for CSeries products

Thursday, 23 June 2011
SKF and Bombardier Aerospace have entered into a long-term contract for SKF to supply over 40 different rod assemblies and titanium bearings for Bombardier's all new CSeries aircraft.


MTG prolongs exclusive broadcasting rights to UEFA Champions League football in Scandinavia

Tuesday, 21 June 2011
MTG AB today announced that it has prolonged its exclusive live broadcasting rights to UEFA Champions League football in Sweden, Norway and Denmark, until the end of the 2014/2015 championship in the Spring of 2015.


Elekta to acquire Nucletron, complementing its product offering with world-leading brachytherapy technology
Stockholm, Sweden, June 21, 2011
Elekta has agreed to acquire Nucletron for EUR 365 million in cash. The acquisition is expected to be accretive to Elekta’s cash earnings within twelve months. The transaction remains subject to regulatory approval and is expected to close in early autumn 2011.

Airliner Norwegian expands with new flights from Gothenburg

Monday, 20 June 2011
Three new direct flights from Gothenburg, Sweden have been inserted into the schedule of the Norwegian budget airliner Norwegian as from the beginning of October, as the company expands once more from Gothenburg, Sweden.

Potiga (ezogabine) receives FDA approval

Monday, 13 June 2011
Valeant Pharmaceuticals International Inc. (Meda’s partner for ezogabine - known as retigabine outside of the U.S.) has received approval from the U.S. Food and Drug Administration (FDA) for Potiga (ezogabine).

Autoliv expands in Brazil – increases steering wheel capacity

(Stockholm, June 13, 2011)
Autoliv Inc. (NYSE: ALV and SSE: ALIVsdb) The worldwide leader in automotive safety systems – announced earlier today that it is expanding steering wheel capacity at its location in Taubaté near Sao Paulo.

Scania received Arriva Order in Copenhagen

Thursday, 09 June 2011

Electrolux issues bond loan

Wednesday, 08 June 2011
Electrolux today issued a SEK 2,500m bond loan under its EMTN (Euro Medium Term Note) program.

JM Acquires Property at Brommaplan in Stockholm

Wednesday, 08 June 2011
Property Company, JM is purchasing the property Pundet 1 at Brommaplan in Stockholm from Pandox AB.

Swedbank’s early redemption and buyback of subordinated loans

Wednesday, 08 June 2011
Swedbank is working actively to manage the bank’s capital structure and as a part of this process has applied for, and been granted, approval by Finansinspektionen (SFSA) to buy back issued, subordinated Tier 2 loans amounting to SEK 5bn. SFSA’s approval is valid until 31 August 2011.

Kungsleden purchases property for Skr 194 million

Wednesday, 08 June 2011
Listed Swedish property company Kungsleden AB (publ) is purchasing a commercial property for Skr 194 million including transaction costs. The property yield is initially 7.6%. The rental value is Skr 29 million.

JM Negotiates Acquisition in Oslo

Tuesday, 07 June 2011
Real estate Company, JM is negotiating with the owners of ÖIE AS, Oslo, to acquire all shares in the company and a project portfolio for residential development of over 600 building rights.

Addnode acquires Danish operation

Tuesday, 07 June 2011
Addnode has acquired CDLight A/S, which has total sales of approximately SEK 30 M. The acquisition will broaden Addnode’s offering on the Danish market as a supplier of IT solutions for design, construction and product information.

Metro sells Hungarian operations
Tuesday, 07 June 2011

Daewoo-owner flirts with Electrolux

Friday, 03 June 2011
The main shareholders in South Korean Daewoo Electronics has been in a formal letter to the Swedish Electrolux requested that talks begin on a sale of Daewoo to Electrolux.

Thai places orders for defense group Saab

Friday, 03 June 2011
Defence group Saab has received two orders from the Royal Thai Navy worth a total of Skr454 million.

The sorry state of Nokia as it just continue to fall in the market

Wednesday, 01 June 2011
Nokia's share price continued to fall on the Helsinki Stock Exchange. During the morning, Nokia's shares lost more than eight percent.



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