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Swiss Port to manage Finnair baggage

Thursday, 15 September 2011
Finnair has begun negotiations with the Swiss company Swiss Port to take over baggage handling and ground handling at Helsinki-Vantaa Airport.

Volvo truck sees growth in supplies as persistent shaky markets still have the zeal to grow

Thursday, 15 September 2011
Good momentum in the U.S. and European market means that the Volvo Group's truck is showing a hefty delivery lift.

The Chinese promised to invest Skr8 extra Billions in Saab

Thursday, 15 September 2011
Saab Automobile's Chinese partner, Youngman has really seen something unique about the brand and is working hard to keep the company.

A Swedish Bank manager and three accomplices arrested and remanded for fraud

Wednesday, 14 September 2011
A former manager of the Swedish bank,  Handelsbanken arrested suspected of having cheated at least some Skr9.5 million from his employer.

Swedbank halt repurchase of own shares

Wednesday, 14 September 2011
Given the intensified financial anxiety in Europe, the bank’s management has suggested to the Board that further repurchases are being halted for the time being.

Alfa Laval wins Skr 100 million baby food order in India

Wednesday, 14 September 2011
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order for supply of a complete process solution to a baby food manufacturer in India.

Shrinking profits for Swedish state owned companies

Tuesday, 13 September 2011
The Swedish state-owned companies are also being affected by the financial crisis. First half profits fell by nearly one third, Skr12.5 billion, compared to same period in 2010, according to media reports.

Swedish city has some of the most expensive hotels

Tuesday, 13 September 2011
Hotel Prices in Gothenburg has increased by eight percent in one year and is now the highest in Sweden, confirming the argument that Sweden has some of the priciest hotel rates

Saab presents a news re-organisation plan and opens about the future

Monday, 12 September 2011
Saab automobile which is tussling with time and its workers for survival presents today a new business plan to re-organise its company along with the Chinese vehicle manufacturer Youngman to develop three new car models.

Evidence of a strong relationship between IKEA and Tax havens: IKEA Denmark sends millions to secret fund in tax havens

Monday, 12 September 2011
IKEA Denmark has kept Dkr750 million from the tax authority there. The money is reported to have been channelled to secret funds in Liechtenstein, Danish media reports on Monday.

Saab signs contract worth €70 million with one of its prospective Chinese partners

Monday, 12 September 2011
Saab Automobile has completed an agreement whereby the company's Chinese partner Youngman, will lends EUR70 million, just over Skr620 million to her.

Swedish Banks expected to raise various forms of fee as the crisis bites

Monday, 12 September 2011
Almost every other Swede thinks the debt crisis will affect their private economy, according to a survey conducted by the online broker Nordnet.

Saab Employees may have a salary raise

Monday, 12 September 2011
The future of Saab Automobile is anything but safe. But in the midst of the crisis, the workers union, IF Metall successfully negotiated their members' salaries by Skr500.

Swedish Automotive industry will remain strong amidst global financial uncertainty

Monday, 12 September 2011
Bil Sweden reiterates forecasts for 2011 of 310,000 new passenger cars and 45,000 light trucks to be sold. In 2010 newly registered cars in Sweden were 290,000 cars and 38,000 light trucks.

Swedish government wants help Saab automobile – is it too late?

Sunday, 11 September 2011
Saab automobile seem to be breathing a news sigh of life as the company could now have the help of the Swedish government.

Advances in military technology – Invisible tanks in development

Sunday, 11 September 2011
How a Swedish-British company was to develop chameleon technology that can make tanks either invisible or make them look like a car.

Chinese Volvocar Corp., owner, Geely interested in Saab automobile
Saturday, 10 September 2011
The owner of Volvo Cars Corporation, Chinese Geely has a spotlight placed on Saab Automobile, should the company go bankrupt.

Saab Collapse Alert: High state of readiness at the Swedish employment office in Trollhattan

Friday, 09 September 2011
As the collapse of Saab get real, the Swedish employment services in  Trollhattan is worried that it might not be able to manage in case of  fast and quick fall of Saab.

Increased order intake for Swedish industries

Friday, 09 September 2011
New orders to Swedish industries increased by 0.6 percent from June to July, according to preliminary figures from Statistics Sweden.

Saab to appeal the rejected case of re-organisation on Monday

Friday, 09 September 2011
Saab Automobile owner,  Swedish Automobile will on Monday submit its appeal of Vänersborg district court's decision to deny the company voluntary re - organization to the Court of Appeal. The company expects that the Court would take a new and quick decision.

It will be a NO for Saab’s reconstruction application – Next stop Bankruptcy application?

Thursday, 08 September 2011
Vänersborg district court where Saab applied for voluntary reorganisation on the company has rejected Saab Automobile's request for reconstruction. Now chances are that the company pull will be shifting towards bankruptcy application.

Saab to appeal the decision court decision

Thursday, 08 September 2011
Saab Automobile will appeal the decision in Vänersborg not to allow a reconstruction of the company.

Saab subcontractors ready to accept impairment

Thursday, 08 September 2011
Subcontractors supplying Saab automobile would likely agree to a remission of debts at a reconstruction of the Saab, according to industry organizations.

Volvo AB investing one billion in India

Wednesday, 07 September 2011
VE Commercial Vehicles, a joint venture company equally owned by Volvo and Eicher Motors, plans to invest 8 billion rupees, equivalent to Skr1.1 billion, to increase the production capacity of trucks and buses to 9,000 trucks per month by 2013.

Saab applies for reorganization – buys time to avert full blown bankruptcy

Wednesday, 07 September 2011
Saab Automobile applies for reorganization on Wednesday morning. It comes from the holding company Swedish Automobile in a statement.

Continued reduction in bank robberies in Sweden

Wednesday, 07 September 2011
Bank robberies in Sweden continue to decline. So far this year the reduction is 35 percent and the average number of robberies per month is the lowest in 20 years, figures from the Swedish Bankers' Association show.

Saab Employees called in to work on Wednesday

Wednesday, 07 September 2011
Saab has called its factory staff to work from seven o'clock today, reports Swedish television channel TV 4.

Increased profits for Clas Ohlson

Wednesday, 07 September 2011
Retail Company Clas Ohlson reports a profit before tax of Skr116 million for the period May-July, the first quarter in the company's broken business year.

Hundreds of executive pay in Gothenburg Sweden re-examined

Monday, 05 September 2011
Runaway salaried to CEOs in state controlled companies in Gothenburg, Sweden will have to be re-examines as it turns out that they are over paying themselves. It returns out that there is also a growing sense of greed in the Swedish public sector that must be stemmed

Swedish companies doing business in Egypt again

Monday, 05 September 2011
Swedish companies are gradually resuming businesses in Egypt as some sort of calm returns to the country and more business opportunities open up.

Saab automobile now clearly on the brink of bankruptcy…except otherwise

Monday, 05 September 2011
The Swedish worker’s union, IF Metall branch based in Saab factory in Trällhattan near Gothenburg wants to wait until tomorrow before it can push Saab automobile into bankruptcy.

Atlas Copco wins order for turnkey geothermal plant

Monday, 05 September 2011
Sweden, September 5, 2011:
Atlas Copco’s Gas and Process division has won an order to deliver equipment to a turnkey geothermal power plant in Turkey’s Aydin province.


Also Record number of new companies formed in Sweden

Monday, 05 September 2011
During the first eight months, in Sweden, there some 47,836 new companies created in the country. That is some 20 percent more than during the same periods of 2010. 6 out of 10 new companies is a limited liability company.

Corporate failures in Sweden rose in August

Monday, 05 September 2011
After a period of continuous decline in corporate failures in the past periods in Sweden, the trend has now been broken and corporate bankruptcies have not turned up and are rising.

More signs that Swedish economy is halting: Volvocar production put brakes

Monday, 05 September 2011
Volvo Cars Corporation will cut back on production rate of 275 cars per week, starting on 3 October. The reason is the increased uncertainty surrounding the global economy.

Facebook may have violated Swedish law – what next?

Sunday, 04 September 2011
Social network site, Facebook and Google preach openness. But to contact them have proved to be more or less impossible. Now, Swedish Television shows that the firms may have violated Swedish laws.

ICA retailer had returns of 100 million in 2010 – 25 per cent less than previous year

Saturday, 03 September 2011
The owners of the Sweden’s ten largest stores under the ICA banner, last year received Skr100 million in dividends. This was down 25 percent compared to 2009.

Continued growth of new business creation in Sweden

Friday, 02 September 2011
New business creation in Sweden continues to increase compared to the previous year, according the data on new businesses carried out by the organisation, Nyföretagarcentrum (Centre for new companies).

Swedish police withdraw order of 50 Saab vehicles as production show no future

Friday, 02 September 2011
The lengthy production shutdown at Saab in Trollhattan means that the Swedish police had now withdrawn an order for 50 custom-built vehicles.

250 jobs to go at Volvo Car starts slowing down production

Friday, 02 September 2011
Volvo Cars Corporation sees incipient stormy clouds in the horizon and is taking strategic precaution – to reduce weekly production by 275 cars. This means that 250 jobs will disappear.

Volvo Cars are gaining more popularity in the U.S.

Thursday, 01 September 2011
Volvo Cars continues to sell well in the U.S.. In August, 5215 cars were sold, growing up 17.4 percent from the same month last year. So far this year, sales have gone up by 27.4 percent.

Swedish automobile also had it hard to hard to sell Spyker to Vladimir Antonov

Thursday, 01 September 2011
Saab Automobile's uncertain situation has made it hard for Swedish Automobiles sale of Spyker sports car Company to freeze inside.

Another hot air from Saab? Billions on the way to boost flagging Saab financial resources! Where and when have we heard this before?

Thursday, 01 September 2011
Saab Automobile is close to getting a loan of Skr1 billion, according to U.S. media reports.

Hygienist, SCA invests in Brazilian diaper

Thursday, 01 September 2011
Hygiene Company, SCA is to acquire the Brazilian health company Pro Descartes for the equivalent of Skr 450 million on a debt free basis the group said in a statement.

Arla lowers the price of milk

Thursday, 01 September 2011
Arla Foods has decided to cut the price of milk it pays to farmers by Skr15.5 Swedish per litre as of September 5, writes dairy giant said in a statement.

Saab automobile finally releases reports showing billions of Losses

Wednesday, 31 August 2011
Automaker Saab made a loss during the first half of the year 2011 to the equivalent of Skr2 billion after tax, according to the company’s report published on Wednesday night.

Thousand of workers in Swedish state companies could be sacked as the companies start intense reviews to meet government’s returns expectations

Wednesday, 31 August 2011
A dozen of the Swedish state- owned company are been deemed not living up to their economic expectation as intense restructuring seems to be on the way which would likely see many people being axed from their jobs.

Ericsson Expands in China

Wednesday, 31 August 2011
As a result of increased demand for its services in the area,  telecoms giant Ericsson opens a new business in China, which initially will employ around 300 staff.

Volvo and Siemens in agreement in ongoing development in electric cars production

Wednesday, 31 August 2011
Volvo Car Corporation and Siemens have agreed a comprehensive strategic cooperation on technological development of electric cars, writes automaker in a statement.

Ikea donates record amount to famine victims in the horn of Africa

Tuesday, 30 August 2011
Ikea Foundation has decided to donate $62 million, corresponding to approximately Skr 390 million to victims of the drought disaster eating the horn of Africa and eastern Africa.

Saab automobile could be coming up with something great for the company soon.

Tuesday, 30 August 2011
New money may be moving into the Saab in further attempts to save the short-term economic troubles in the form of wages and debts that has grounded the company for months. Reports hold that Saab CEO, Victor Muller, is to discuss the crucial loan with a strong financier.

Volvo truck’s deliveries up 18 percent - rosy market out look

Tuesday, 30 August 2011
Volvo Group total truck deliveries rose 18 percent in July to 16,898 vehicles, compared to the same period last year, according to data from Volvo.

Swedish postal service, Posten will save one billion, fires workers

Tuesday, 30 August 2011
Despite a solid profit in the second quarter the Swedish postal service, Posten’s parent company is launching an efficiency program that will reduce administrative costs by about a billion Swedish Krona.

SAS classified outside the top ten safe global airline companies

Tuesday, 30 August 2011
The Scandinavian Airway System, SAS has a lot of work to do to regain its prestigious position in the market – a place it had a decade ago. Despite its inability to make money, its reputation as one of the ten safest airliners has been weaken by latest classification.

Starbucks steps into Swedish towns of Malmo and Gothenburg

Monday, 29 August 2011
American Starbucks, the world's largest coffee shop chain, will soon be opening along with its partner in Sweden SSP, two cafes at the central station in Gothenburg and Malmo, writes the U.S. Company in a statement.

Saab automobile to probable undergo intense reconstruction: Muller confirms

Monday, 29 August 2011
Saab CEO Victor Muller is considering a reorganization of the company, despite earlier reports rejecting such as proposals.

Nordea may dump off to 2000 workers to improve question to compete well

Monday, 29 August 2011
Ginat bank, Nordea will reduce the number of its workers in the Nordic region with 2,000 as from 2011 and 2012, according to the company.

Swedish finance minister, Anders Borg gives Swedbank a stark warning

Sunday, 28 August 2011
Instead of designing saving plans, Swedbank is to spend billions on share dividends and share repurchases. “Irresponsible,” says Swedish Finance Minister, Anders Borg, and warns the bank in strong terms.


Saab automobile’s Bankruptcy might not wipe out the company but restructure it

Friday, 26 August 2011
Saab automobile is having it really hard to meet its operational expenses such as paying its employees and suppliers, but this company seem to have an underlying secret. It continues to keep up itself and not falling into bankruptcy.

Did pressured desperate search engine company Eniro tried to force sales on some uninterested buyers of its services? Now Swedish police called in!

Friday, 26 August 2011 Struggling search engine company, Eniro seem to be devising a new strategy – that by selling its services to organisations by force. Such a case has led to the company being reported to the police accused of attempted fraudulent sales.

Swedish workers demand higher wages despite the stock market collapse

Friday, 26 August 2011 Despite the fall in global stock markets five industrial unions in Sweden are seeking pay increases for this year.

Lack of spare parts for the Saab cars in Sweden

Friday, 26 August 2011 Not only is Saab automobile crisis grounded the company from making any production possible in building new cars, those who own a Saab cars would not be able to repair it if it break down because of lack of replacement parts.

Danske Bank cancels loan talks with government

Friday, 26 August 2011 Danish bank, Danske Bank cancels attempt to reach a settlement with the Danish state on the early payment of the support loan the bank had in 2009, a total of Skr24 billion Danish kroner, writes the bank in a stock exchange release.

Swedish Rail Company, SJ reports lower profits as losses mount.

Thursday, 25 August 2011 The Swedish state rail transport company, SJ reports a profit before tax of Skr 94 million for the second quarter. That compares with profit of Skr340 million in the corresponding periods of 2010.

Depression starts affecting Swedish export managers

Thursday, 25 August 2011 The Swedish trade Council's recent export managers' index, which was presented on Thursday, landed at 52.1. It is the lowest outcome since the second quarter of 2009. In the previous survey in May the index was at 63.9.

Difficult for Volvocars to recruit engineers despite abundance of engineers lurking in the shadows on an uncertain Saab

Thursday, 25 August 2011 Volvo's quest to expand its engineer’s base through a strong recruitment is slow despite the fact that there are lots of engineers idle in a Saab automobile company that does not look to start product in the nearest future. Loyalty is the key in Saab but why?

A Swedish Caravan Manufacturers laying off its staff

Thursday, 25 August 2011 Caravan manufacturer SoliferPolar in Dorotea in Västerbotten is to shed a quarter of the workforce, approximately 25 people.

Saab can’t pay salaries for doing nothing as salaries delayed again

Thursday, 25 August 2011 Signs are that the Saab automobile is doomed and there is nothing emerging from somewhere within the company signalling otherwise. Now Salaries for its workers are being unpaid again, second month in a row.

Lower profits for the burger company Nordic Service Partners

Thursday, 25 August 2011 Nordic Service Partners (NSP), which operates Burger King Restaurants in Sweden and Denmark, reported a profit before tax of Skr0.9 million.

Swedish staffing sector breaks growth record

Thursday, 25 August 2011 The Swedish staffing industry is enjoying a record growth. The first half of the year, recruitment companies sold services for half a billion Krona and hired services for Skr10 billion.

Loss for research company, Karolinska Development

Thursday, 25 August 2011 Researcher, Karolinska Development Company reported a loss before taxes of Skr98.1 million for the second quarter of 2011.

Ikea Founder, Ingvar Kamprad was deeper a Nazi than previously thought. Swedish secret police had to monitor him for fear of his radicalism.

Tuesday, 23 August 2011 It is an open secret that Ingvar Kamprad had a past as a Nazi sympathizer. But that the Swedish security police set up a separate file on him as a Nazi activist is a new news.

Waterfall sells Polish subsidiary for billions so as to focus on core business

Tuesday, 23 August 2011 Swedish state-owned energy company, Vattenfall sells its Polish Gornslaski Zakland Electroenergetycznu (GZE) for Skr10.2 billion in cash to the electricity generator Tauron.

Volvo Cars Corporation takes managers from Saab and Scania

Tuesday, 23 August 2011 China-owned Volvo Cars Corporation has recruited two new to management officials, one from Saab Automobile and the other from Scania.

Alfa Laval Group wins SEK 60 million heat exchanger order to the first nuclear power plant in the UAE

Monday, 22 August 2011 Alfa Laval Group – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order from a contractor in South Korea for heat exchangers to be installed in the first nuclear power plant in the United Arab Emirates (UAE).

Electrolux in big business in Chile - acquires Chilean appliance company CTI

Monday, 22 August 2011 Electrolux will acquire Sigdo Koppers’ controlling stake in Compañia Tecno Industrial S.A (CTI) as its strategy to grow in emerging markets.

Saab car dealers start ditching them as it looks like the company is a ‘waste of time’

Saturday, 20 August 2011 A big Saab dealer, Holmgrens Bil, decided on Friday to stop selling Saabs cars as the company deem that uncertaity  relating to dealing with Saab is so strng at the moment.

Saab automobile successfully paid it debts with the Swedish tax authority

Friday, 19 August 2011 Saab Automobile has paid their taxes and employer contributions for the previous month, the Swedish tax authority said.

Saab search for money continues and wants to enlist a consultancy to help search in the USA

Friday, 19 August 2011 Saab has turned to the U.S. financial consulting firm, Endeavour Advisor Group, to find out more banks, financial institutions or companies willing to invest in Saab.

Saab defends big raise in board payments while the company bleeds to financial extinction

Thursday, 18 August 2011 The fact that the Board of Saab Automobile’s holding company, Swedish automobile had a sharp increase in their pay in May while the company has been public crying of lack of money to finance in value chain is being defended by Saab's Chief Information Officer, (CIO) Eric Geers.

Who can have sympathy for Saab automobile after its Board members feed fat on the derelict motor maker?

Thursday, 18 August 2011 In Trollhattan, the home of Saab automobile, activities no car production is taking place there mainly because of lack of money, to pay sub contractors and other external aspects on its value chain.

Danish Nordea purge top management in reaction to Pandora's IPO fiasco

Wednesday, 17 August 2011 The head of the corporate finance department at Nordea in Denmark is to lose his job. The Danish FSA has recently reported to the police,  Nordea as we reported yesterday but according to the Bank the two events are not related, writes the Danish business daily Borsen on its website.

Continued impressive performances of Volvocars Corp. as profits increase

Wednesday, 17 August 2011 Chinese owned Sweden based Volvocar Car Corporation, reported an operating profit of Skr 600 million for the second quarter.

SAS turns to profit ushering a brighter future

Wednesday, 17 August 2011 SAS airline reports a profit before tax of Skr729 million for the second quarter, compared with a loss of Skr600 million the same period last year. Revenues rose from Skr9.979 million to Skr11.229 million.

Danish bank, Sydbank collapse in the stock market

Tuesday, 16 August 2011 Denmark's third largest bank, Sydbank, fell by 9 percent on the Copenhagen Stock Exchange on Tuesday after an unexpectedly weak report for the second quarter.

Nokia shares continues to do well as Google android moves means greater future for Nokia

Tuesday, 16 August 2011 The stock market scramble for Nokia continued on the Helsinki Stock Exchange when trading began this morning. Last night the share price rose by over 17 percent on the NYSE.

Nordea reported to the police in Denmark for misleading investors

Tuesday, 16 August 2011 Finanstilsynet, Denmark's equivalent of the FSA, had reported Nordea Bank in Denmark to the police fro gross misinformation that might mislead investors by not clearly making know its own interest in the company.

Huge Statoil oil find in the North Sea  

Tuesday, 16 August 2011 The Norwegian oil giant Statoil has discovered a huge oil pool  in the North Sea. The discovery is the largest since the 80's and one of the largest ever in Norwegian waters.

Norwegian offshore drilling in billion businesses

Monday, 15 August 2011 Norwegian oil drilling company, Aker Drilling is bought by the world's largest oil-drilling group, Transocean.

H&M group sales development in July 2011

Monday, 15 August 2011 In July 2011, H&M group total sales including VAT increased by 3 percent compared to the same month previous year, calculated in local currencies.

HiQ wins new Skr13.1 million order from Swedish Defence Materiel Administration

Monday, 15 August 2011 HiQ has received a new order from FMV, the Swedish Defence Materiel Administration. The SEK 13.1 million order is for the maintenance of simulators for training fighter pilots on the JAS 39 Gripen.

Fewer small businesses in Sweden to accept payment by cards as high fees put pressure on earnings

Monday, 15 August 2011 Several traders have completely stopped accepting cards as a means of payment on small purchases, to avoid constricting Swedish bank fees.

Chinese Huawei challenges Ericsson as the Chinese get nearer

Monday, 15 August 2011 Ericsson's competitor, Chinese Huawei, reports a sales increase of eleven percent to the equivalent of almost Skr100 billion during the first half. Ericsson had sales of 108 billion.

Saab on its way back? New rights issue will to give Saab a quick buck

Monday, 15 August 2011 Swedish Automobile, the owner of Saab Automobile had made another rights issue, this time on four million shares, the company writes in a statement.

Shell silent about the oil leak in the North Sea

Sunday, 14 August 2011 Oil giant Royal Dutch Shell on Saturday did not comment on the leak at an oil platform in the North Sea. The authorities did not know if the company have had the spill under control.

Saab dealers about to give up waiting to stock Saab cars

Saturday, 13 August 2011 After having barely received any car delivered for them to sell since April, the Swedish Saab dealers are about to give up.

Minister: Danish banks have difficulties obtaining financing

Friday, 12 August 2011 Several small Danish banks have difficulty obtaining financing in the market, said Danish Minister for Economy, Trade and Industry, Brian Mikkelsen on Friday.

H & M grows in Japan

Friday, 12 August 2011 Hennes & Mauritz is planning to more than double the number of stores in Japan over the next year.

Major US Allergy and Asthma Group Practice Adopts Aerocrine’s Technology

Friday, 12 August 2011 Aerocrine AB today announced that Allergy & Asthma Specialists, P.C. has adopted Aerocrine’s FENO technology for airway inflammation measurement as part of its clinical standardization on a system-wide basis.  

Defence Saab receives ammunition orders worth Millions from anonymous customer

Thursday, 11 August 2011 Defence and security company Saab has received an order for ammunition for the portable weapon system Carl-Gustaf. The order is worth Skr362 million.

Volvo AB sees its credit rating raised

Thursday, 11 August 2011 Swedish Truck manufacturer, Volvo AB has seen its credit rating raised. Credit rating Company, Fitch has now placed the company’s credit position to BBB cancelling out the BBB- it previously held.

Finnish bank reviewed by Moody's and could lead to downgrade

Thursday, 11 August 2011 .Moody's is considering providing the Finnish baking group OP-Pohjola Group downgraded credit rating. Pohjola Bank has been deemed struggling with problems including problem loans, said Moody's.

Job layoffs in Danish banks to grow as earnings continue to grow weakly

Thursday, 11 August 2011 A new wave of job cuts is on the way into the Danish banking sector according to Danish media reports as incomes grow weakly whereas capital requirement increase.

New companies are threatening to bankrupt Saab Wednesday, 10 August 2011 Three foreign companies are preparing to drag Saab into bankruptcy, according to reports from Swedish newspaper, Svenska Dagbladet.

Swedish government pushes on Nordea sale for the future

Tuesday, 09 August 2011 Swedish Financial Markets Minister Peter Norman sees no crisis within the nature of the Swedish banks. But the sale of additional shares in Nordea has been postponed to a future date.

Spotify's valuation increases after U.S. launch

Tuesday, 09 August 2011 Since music service Spotify launched its service in the U.S.A., the value of the company has increased to over Skr7 billion according to news reports.

Securitas to provide security services to Canadian airports

Tuesday, 09 August 2011 Security Company, Securitas has received an order worth Skr3.1 billion. The contract extends to over 5.5 years starting from 1 November 2011.

Better than expected performance of Danske Bank as their profit grow

Tuesday, 09 August 2011 Danske Bank, the largest in Denmark, reported a profit before tax of Dkr2.081 million for the second quarter of this year.

Saab’s boss, Muller chasing money in Brazil

Tuesday, 09 August 2011 The week started as usual at Saab automobile with nothing happening in the factory. With increasing uncertainty for the employees and piling unpaid loans with the bailiffs,  CEO Victor Muller has been to Brazil looking for partners.

Swedish Corporate bankruptcies continues to decline

Tuesday, 09 August 2011 The number of business failures in Sweden continues to decline. In July, bankruptcies fell by four percent and the same figure was also accounted for the first seven months of the year.

Continued uncertainty in Saab automobile

Monday, 08 August 2011 The week has started like usual at Saab with no activity and no action in the factory. Besides that there is growing uncertainty for the employees and debts accumulate with the bailiff.

SAS world's most punctual airliner

Monday, 08 August 2011 Despite its internal economic performances, SAS is the most punctual airline in the world right now.

Management and strategy: China wages hikes pushing companies to rethink

Monday, 08 August 2011 Wages in China is rising and last year, wages rose so much that China's biggest company, Foxconn, has recently decided to buy close to a million manufacturing robots for their factories on the East Coast - labour has simply become just as expensive as machines.

Swedish charter plane emergency landed in Germany after crack emerges

Saturday, 06 August 2011 A Swedish charter plane run by the company Malmo Aviation was forced to an emergency landing on Saturday at Hanover airport after a crack emerged on the flight deck.

Big Swedish corporation makes profits despite concerns in the market turbulence

Friday, 05 August 2011 Despite the shaky stock market, things are still good for some companies on the exchange.

Securitas profit below expectations but plans profitability before market share

Friday, 05 August 2011 Security giant Securitas reports a profit before tax of Skr 526 million for the second quarter of 2011. That compares with profit of Skr671 million in the corresponding periods of 2010.

Finnair cuts down heavy looses but still made losses

Friday, 05 August 2011 The Finnish airliner Finnair reported a profit before tax of €-30.2 million for the second quarter 2011 (-37.9). Expected, was a profit before tax of €-22.6 million.

Rare good news from Saab pushed owner share up in a choppy stock market

Thursday, 04 August 2011 Swedish Automobile, formerly Spyker cars which owns Saab saw this morning its shares going up by over 40 percent on the stock exchange in Amsterdam, why because of the rare good news coming out of the company yesterday and today.

Rumours that Americans on the way to save Saab

Thursday, 04 August 2011 A major U.S. investor plans to become a part owner of Saab Automobile, which would provide opportunities to organize the plant. The Swedish daily, Dagens Industri reports on Thursday, quoting unnamed sources familiar with the Saab issues.

Saab affair to be referred to the Swedish parliamentary committee

Tuesday, 02 August 2011 Parliamentarian Jörgen Hellman from the social democrat party based in Lilla Edet near Gothenburg intends to report the Swedish industry minister, Maud Olofsson, to the Swedish constitutional committee (KU) relating to the way Saab has been treated.

Is China becoming a threat to innovation? Ikea next in line of China plagiarism

Tuesday, 02 August 2011 A 10 000 meter square building in the city of Kunming in China  containing furniture and furnishings that replicate Ikea style in every detail, from the blue and yellow bags to the cafeteria has bee identified.

Nokia’s credit rating lowered further and stocks continue to slide

Tuesday, 02 August 2011 The credit rating agency Standard & Poor's has lowered Nokia's credit rating from BBB to BBB +. It is the second time in a week that Nokia is classified downward.

ABB recruits 600 in Sweden on a $1 billion orders

Tuesday, 02 August 2011 Swedish-Swiss engineering giant, ABB will recruit 600 people in Sweden since the company scooped an order of Skr6.3 billion.

Uncertainty befalls the sales of bankrupt Onoff stores

Monday, 01 August 2011 Uncertainty has descended on the sale of the remaining 37 stores of the consumer electronics chain Onoff which went bankrupt recently.

Swedish ship attacked by pirates

Monday, 01 August 2011 A Swedish tanker was last weekend attacked by pirates off Benin, in Africa. The crew is reported to have escaped without injury, but the attack raises again the question being posed in Sweden that Swedish ships should arm themselves in the fight against the pirates.

Investigation of potential bribery at the Jas - South African purchasing business resumes

Sunday, 31 July 2011 Police in South Africa will resume work on the investigation of bribery in connection with the purchase of Jas Gripen.

Technical failure in steering forces Volvo to recall S80 cars

Saturday, 30 July 2011 Success always comes with a heavy price. Just as Toyota has been struggling with meeting unexpected growth, now is the time for Volvo which recalls 8,406 cars of the Model Series S80 in the U.S. due to a potential fault in the steering.

BP's Swedish Svanberg criticized by shareholders

Saturday, 30 July 2011 Carl-Henrik Svanberg's role as chairman of the British oil company BP has fallen under the spot light again and questions are being raised.

H&M Team up with David Beckham to launch his new body wear range

Thursday, 28 July 2011 David Beckham will together with H&M make his Bodywear range for men available to millions of fans globally through a long-term partnership.

Russian billionaire, Antonov want to solve the EIB loan and chase them out of Saab

Thursday, 28 July 2011 Vladimir Antonov will know about the EIB's decision not to allow him as a partner of Saab in a few weeks according to his Swedish spokesman, Lars Carlstrom.

Lower profits for Astra Zeneca

Thursday, 28 July 2011 Pharmaceutical giant AstraZeneca reported a profit before tax of $2.858 million, equivalent to about Skr18 billion, for the second quarter of this year.

Record Earnings growth for Norwegian Statoil

Thursday, 28 July 2011 Norwegian oil company Statoil reported an adjusted EBITDA of Nkr43.6 billion for the second quarter of this year compared to corresponding period last year where earnings stood at Nkr36.5 billion.

Saab again hit by severe cash shortage

Wednesday, 27 July 2011 The uncertainty about the future of the Swedish car manufacturer, Saab has increased after the company today is unable to pay its employees salaries.

Moody’s sinks Nokia’s value

Wednesday, 27 July 2011 US ratings agency Moody's cut its credit rating on bonds of Finnish phone maker Nokia by two notches on Wednesday and said the outlook on the rating was still negative.

Meda responds to article in The Wall Street Journal

Wednesday, 27 July 2011 The Wall Street Journal has published an article that states that Valeant Pharmaceuticals International Inc. has made a takeover approach for Meda.

Vattenfall sells Belgian operation

Wednesday, 27 July 2011 Vattenfall sells its Belgian operations to Italian energy company Eni for €157 million, about Skr1.4 billion.

Danes to be chased away from the new Cimber Sterling leadership

Wednesday, 27 July 2011 As the former Danish airliner Cimber Sterling moves to the hands of the Ukrainians, both the Chairman and the CEO of the company is likely to move to move as the Ukrainian billionaire Igor Kolomojskij via company Mansvell Enterprises takes control over the ailing company.

Saab Engineers without salaries reflecting the hardship the company is still in

Tuesday, 26 July 2011 Saab Automobile was on Tuesday finding it hard to transfer salaries to their management teams. The ground for the difficulty is that automaker has not enough money and now postponed the payment of its management teams.

Skanska receives British orders

Tuesday, 26 July 2011 Skanska and Costain UK have been commissioned to oversee the building of Crossrail Paddington Station in London.

Norsk Hydro's profit better than expected

Tuesday, 26 July 2011 Norsk Hydro reported a profit before financial items of Nkr1.906 million in the second quarter of this year. Corresponding period last year the company saw it profit standing at Nkr1.11 billion kronor.

Nokia overtaken again in the smart phone arena

Monday, 25 July 2011 South Korean mobile phone giant, Samsung has now surpassed passed Nokia in terms of sales of the so-called smart phones according to latest assessment.

Saab has paid its workers wages this on time

Monday, 25 July 2011 Saab’s workers’ salaries have come in as it supposed to announce by Hakan Scotland, head of the union, IF Metall at Saab in Trollhattan, on Monday morning.

Autoliv becomes “Strategic Supplier” to Great Wall Motor

Sunday, 24 July 2011 Autoliv, Inc. (NYSE: ALV, and SSE: ALIV sdb) – the global leader in automotive safety – today announced that it has signed a Strategic Cooperation agreement  with Great Wall Motor Co., Ltd., in the area of automotive safety systems.

Saab automobile eminent fracturing averted as bankruptcy protection is withdrawn after agreement

Friday, 22 July 2011 Saab Automobile, Swedish owner has made up with Swepart Verktyg AB, which earlier on Friday asked one of the car manufacturer's subsidiaries in bankruptcy.

Analysts see the EIB saying “no” to the Antonov as part of Saab

Friday, 22 July 2011
Lars Holmqvist, CEO of European subcontractors’ organisation, CLEPA, which supplies parts to Saab automobile, said that the European Investment Bank will not accept the Russian businessman, Vladimir Antonov as co-owner of Saab.

Saab automobile start fracturing as subcontractor to subsidiary seeks bankruptcy protection

Friday, 22 July 2011 The car manufacturer Saab has now received its first request for bankruptcy against itself. It is the subcontractor SwePartVerktyg requesting subsidiary Saab Automobile Tools in bankruptcy protection. Bankruptcy petition was filed to Vänersborg, County court in Sweden on Friday, that is, today.

Steel maker SSAB reports doubles profit

Friday, 22 July 2011 Swedish steel manufacturer SSAB reports a profit before tax of Skr1.179 million in the second quarter, compared with profit of Skr624 million the same period last year.

Swedish Tele 2 buy Norwegian mobile operator

Friday, 22 July 2011 Swedish telecom company, Tele2 buys two-thirds of the shares in the Norwegian mobile operator Network Norway for about Skr 890 million.

Cash strapped Saab automobile borrows from its impressively performing subsidiaries

Friday, 22 July 2011 Saab Automobile has borrowed at least Skr800 million of its independent subsidiary Saab Parts and Saab Tools.

AB Volvo reports buoyant profit that beat expectations

Friday, 22 July 2011 The heavy duty vehicle manufacturer, Volvo Group, reports a profit before tax of Skr7.249 million for the second quarter, compared with profit of Skr4.541 million the same period last year.

How long will Nokia go before a giant Scandinavian pacesetter is finally wiped out?

Thursday, 21 July 2011 One can comfortable say that Nokia has got stock, stagnated and is now reversing.  This is very glaring when one looks at the speed at which Apple and Samsung are growing – companies which in the 1990s would wake up and give their seat to Nokia in the bus of train. The fear now is that Scandinavian might in the nearest future loose some of the leading companies that gave us modern day mobile phones.

British Private Equity Company buys Swedish cable network Comhem

Thursday, 21 July 2011 Private equity group BC Partners based in the UK has bought the Swedish cable television and internet company, Comhem.

Impressive performance from Swedbank

Thursday, 21 July 2011
Swedbank reported a more than doubling of net profit in the second quarter. The big Bank's net interest income continued to be strengthened, and beat analysts' expectations.


Saab still postpone production start date

Thursday, 21 July 2011 Operations in the factory of Saab Automobile will not get started on August 9 as previously scheduled.

How the Swedish Saab Subcontractors want to involve Antonov in Saab business

Wednesday, 20 July 2011
Saab Automobile’s contractors are tired with the problems tied to the car manufacturer’s persistent lack of capital and have come up with a cleaver way to flush Vladimir Antonov in to the blood stream.

Handelsbanken report an impressively better than expected performance

Wednesday, 20 July 2011
Handelsbanken reported an operating profit of Skr4.136 million in the second quarter. That compares with profit of Skr 3.539 million a year ago. handelsbanken

Electronic retailer Experts take over 30 of Onoff stores

Wednesday, 20 July 2011
Remember the Swedish consumer electronic we talked abut its demise, now it has emerged that one of its competitors, Norwegian owned  Expert is one of those buying some of its stores.


Nordea profit impressive profits but failed to meet analysts’ expectations

Tuesday, 19 July 2011
Nordea Bank Group reported an operating profit of €949 million or about Skr8.76 billion in the second quarter. That compares with profit of €730 million a year ago.

No price difference in Swedish pharmacies despite deregulation aimed to improve competition Sunday, 17 July 2011
When the Swedish pharmacy monopoly, state owned Apotek was broken down in a government deregulation of the sector, it was expected that prices will fall as a result of competition. It turns out that this has not really been the case.

Significant amount of bids for bankrupt consumer electronic dealer Onoff Saturday, 16 July 2011
Several bids have come in for the bankrupt consumer electronics chain Onoff. But not all creditors will get paid after the bankruptcy process is complete.


Four major Swedish banks pass EU stress test - Eight European banks failed

Friday, 15 July 2011
The four major Swedish banks perform well in the EU stress test carried out by the European banking authority on Friday. Eight other European banks failed signalling that they could not cope with an economic crisis.

Five Danish banks pass the EU stress test

Friday, 15 July 2011 All Danish banks have passed the EU's stress test. Both the Danske Bank, Jyske Bank, Sydbank, Nykredit Bank and Nordea can withstand financial stress test scenarios according to reports.

The lone Finnish bank passes EU stress tests
Friday, 15 July 2011 The results of European bank stress tests mean that Finland has no need to take any particular measures as regards its banks or banks that operate in Finland, says the Ministry of Finance.

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.




Telecom operator, Tele 2 takes over Norwegian operator

Monday, 12 September 2011
Swedish telecom operator, Tele 2 has taken controls of more than 99 percent of the shares in the Norwegian mobile operator Network Norway.

Senior chief of airliner, SAS suspected in one million theft

Friday, 09 September 2011
A senior manager at the airline SAS is suspected of having embezzled over a Skr 1million from the company and is now being prosecuted for breach of trust, writes news paper Metro.

Metro dives into Colombian publishing market

Wednesday, 07 September 2011
Free news paper company, Metro International enters in Colombia and is launching there this autumn to start delivering free newspapers in the capital, Bogota.

ASSA ABLOY acquires Korean company
Tuesday, 06 September 2011
Assa Abloy has signed an agreement to buy Angel Metal in Korea. Angel Metal sells locks and components in the Korean market.

Alfa Laval wins SEK 90 million natural gas order in the Middle East

Tuesday, 06 September 2011
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order from a Japanese engineering company to supply heat exchangers for a new major natural gas project in Qatar.

H&M ranked as the number one user of organic cotton worldwide 2010
Tuesday, 06 September 2011
H&M was the biggest user of organic cotton worldwide last year according to Textile Exchange, a global organisation designed to promote the growth of organic cotton and producer of the Global Sustainable Textiles Market Report each year. 

What to do with the Saab brand name should the company finally goes bankrupt…

Sunday, 28 August 2011
Chances that Saab automobile will finally go bankrupt are still not far from the equation of those analysing the direction of the company. Therefore, increased analysis is being determined on how the Saab brand will be managed in case the company finally collapse.

Earnings shortfall for Ica owners

Thursday, 25 August 2011 Dutch Ahold, which owns 60 percent of Swedish supermarket chain, Ica, reported a worse result than expected results for the second quarter.

Alfa Laval wins SEK 50 million energy efficiency order in China

Wednesday, 24 August 2011
Alfa Laval has received an order for compact heat exchangers for a petrochemical plant in China.

Skanska builds Finnish supermarket in a new order

Wednesday, 24 August 2011 Construction giant Skanska is continuing construction of the shopping centre Gamlas Shopping Center in Helsinki, Finland.

Staffing company Proffice doubles profit

Wednesday, 24 August 2011 Staffing company, Proffice reports a profit before tax of Skr 51 million for the second quarter of 2011.

SKF opens logistics center in Uruguay

Wednesday, 24 August 2011 Bearings giant SKF invests in Latin America and open a distribution center in Uruguay's capital Montevideo.

Atlas Copco enters the fast-growing market for adhesive assembly products

Stockholm, Sweden, August 22, 2011 Atlas Copco Beteiligungs GmbH, Germany, has signed an agreement to acquire the German adhesive equipment manufacturer SCA Schucker.

Electrolux confirms discussions with Sigdo Koppers

Friday, 19 August 2011

Cavotec and INET merge strengths in the global airport market through Cavotec’s acquisition of INET Airport Systems

Wednesday, 17 August 2011 Cavotec is pleased to announce that its Board of Directors has unanimously approved the acquisition of INET, a leader in the engineering and manufacturing of ground support equipment (GSE) based in USA.

Atlas Copco completes acquisition of Penlon Medical Gas Solutions

Wednesday, 17 August 2011 Atlas Copco Ltd has completed the acquisition of the Medical Gas Solutions business from Penlon Ltd, following clearance by competition authorities.

Atlas Copco appoints Nico Delvaux as President of the Construction Technique business area

Wednesday, 17 August 2011 Atlas Copco has appointed Nico Delvaux to be President of the Construction Technique business area and member of Group management, effective October 1, 2011.

Alfa Laval wins SEK 110 million heat exchanger order in Singapore

Tuesday, 16 August 2011 Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order to supply Alfa Laval Packinox heat exchangers to a petrochemical plant in Singapore.

Swedbank takes the next step – changes in management

Wednesday, 10 August 2011 The next step in Swedbank’s development involves a number of top management changes. Göran Bronner, Swedbank’s current Chief Risk Officer, will become the new Chief Financial Officer.

Swedish holiday homes facing a hard sell as uncertainty make people to scale back of such luxury Saturday, 07 August 2011 The demand and prices of Swedish holiday homes have been on the very high side of the market. This led to investors in the sector to step up supply which led to a record high this year compared to last year.

Lundin Petroleum makes another gas find off Malaysia

Thursday, 04 August 2011 The Swedish oil company, Lundin Petroleum has made a second gas discovery, with Cempulut-1 well that was drilled in Block SB303, offshore Sabah, East Malaysia.

Swedish Lundin petroleum makes new oil discovery

Tuesday, 02 August 2011 Lundin Petroleum and its partner Marathon Oil Norway has found oil and gas in the northern part of the Norwegian North Sea.

Meda: Sublinox approved in Canada

Monday, 25 July 2011 The Canadian regulatory authority (Health Canada) has approved Sublinox for treatment of insomnia.

Finnair finally flies on biofuel

Wednesday, 20 July 2011 The airline Finnair will flies in the evening on its first flight with biofuel.

Volvo's City safety system is praised as the best in US tests

Wednesday, 20 July 2011 Volvo Cars safety system, City Safety has been reportedly given high marks by analysts in the U.S.A.

Maersk increasing pollution of the North Sea

Tuesday, 19 July 2011 AP Moller-Maersk Group last year had major problems complying with the law of oil spill at the company's platform in the Tyra East field.

Nokia on a collision course with the Russian blogger

Monday, 18 July 2011 Nokia’s share price is increasingly affected by bloggers writing about the company’s new products.
Hemsö purchases properties for Skr 98 million
Monday, 18 July 2011

Low demand for Saab 9-4X begs the question whether it is the salvation dreamt of Saturday, 16 July 2011

Saab 9-4X The first samples of Saab’s U.S. crossover are now available at retailers. But only 100 are pre-ordered. The fear is that this might turnout to be the saviour Saab had hopped to turn it’s harden situation around.

Volvo Vehicle bodies to be slimed by new technology aimed at cutting fuel consumption Saturday, 16 July 2011
Volvo-new-suvVolvocar is carrying out an innovative approach in car building which will see the body of the new cars build slimmed so that it will reduce weigh and thus fuel consumption.
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Electrolux has completed the acquisition of Olympic Group

Friday, 09 September 2011

Axfood Närlivs AB and Statoil Fuel & Retail enter cooperation agreement

Wednesday, 24 August 2011 A cooperation agreement has been reached between Axfood Närlivs AB and Statoil Fuel & Retail's Swedish subsidiary, Svenska Statoil AB.

IK to sell Magotteaux to Sigdo Koppers

Tuesday, 23 August 2011 IK Investment Partners (“IK”) has reached an agreement with Sigdo Koppers, a leading Chilean mining supply and construction group, to sell Magotteaux for €550 million.

Betsson in B2B cooperation with Arsenal football club

Friday, 19 August 2011 Betsson Business Solutions has signed a three year B2B contract with one of the most prestigious Football clubs in the world, Arsenal Football Club (“the Gunners”).

Hexagon expands in South America

Friday, 19 August 2011 Hexagon has acquired all shares in the Brazilian software and services provider SISGRAPH.

Sweden’s Axfood supporting Save the Children's disaster relief in the horn of Africa

Tuesday, 16 August 2011 Together with customers, employees and suppliers, Axfood – along with the Willys, Hemköp and PrisXtra chains – is supporting Save the Children's relief work in the horn of Africa.
Loomis signs agreement with HSBC Monday, 08 August 2011 Cash handling company Loomis has entered an agreement with the British bank HSBC for management of the Bank’s remote ATMs across theUK.

Electrolux worse than expected

Tuesday, 19 July 2011 Appliance manufacturer Electrolux reported a profit before tax of Skr696 million for the second quarter.

Alfa Laval's profit reports ‘growth profit’

Tuesday, 19 July 2011 Industrial group Alfa Laval made a profit before tax of Skr1.175 million for the second quarter.

Saab defence group more than doubles profit

Tuesday, 19 July 2011 Aerospace & defense company Saab reports a profit before tax of Skr548 million for the second quarter, compared with profit of Skr211 million corresponding periods of 2010.


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