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The financial turmoil forcing Swedish banks from lending to companies

Friday, 28 October 2011
The uncertain economic situation has started forcing banks from lending to companies according to a so-called credit barometer carried out by the bank, Danske Bank.

The future looks bright for Saab and the purchase price is right  - Saab CEO Muller told 
Friday, 28 October 2011
The two Chinese car companies Pang Da and Youngman are to take over Saab Automobile.  Victor Muller says he is happy, although he is no longer to become the owner of Saab again.

Saab re-organisation authority Guy Lofalk confirms Saab – Chinese affair
Friday, 28 October 2011

Saab Automobile's administrator withdraws his request for the reconstruction of the company. It comes from a press release from Vänersborgcourt that supposed to authorise the reorganisation of the ailing car maker.

Saab said to be quite on Chinese purchase of the company
Friday, 28 October 2011
Two Chinese car companies are now close to reaching an agreement with Saab Automobile to take over the Sweden-based automaker, said a source familiar with the ongoing talks between the companies to Reuters on Friday.

Muller bought Saab from borrowed money as reports show that his personal risk in Saab is very minimal as well as confusing internal financial reports

Thursday, 27 October 2011
Saab's CEO Victor Muller has taken a relatively small financial risk in Saab. Instead, the Swedish tax payers and the Russian banker, Vladimir Antonov, are the ones who could be the big losers if the company goes bankrupt.

Analysts see new window phones to break Nokia's fall it is too early to call? Thursday, 27 October 2011
Some analysts believe that the launch of the new smart phones by Nokia would see the firm returning to its glorious lead in the market but with its shares wobble in yesterdays’ launch, question still remains as to how far the company will go to regain its leading position.

DnB NOR reports higher rise in income and higher write-downs in Latvia
Thursday, 27 October 2011

Norwegian banking giant DnB NOR achieved a profit of Nkr 2 493 million in the third quarter of 2011, compared with Nkr 3 038 million in the third quarter of 2010. Total income rose by Nkr 803 million from the year-earlier period.

ABB Welcomes Euro-zone Bailout Package Thursday, 27 October 2011
Power and technology firm ABB Ltd. (ABBN.VX) Thursday welcomed the euro-zone bailout package, saying it hoped it would bring stability to the region that is a key revenue stream for the company.

Swedish banking group, SEB reports higher than expected earnings

Thursday, 27 October 2011

Banking group SEB's reported operating profit of Skr3.712 billion for the third quarter of 2011. That compares with profit of Skr2.847 billion in the corresponding periods of 2010.

Struggling Swedish yellow pages company, Eniro acquires 118 800

Thursday, 27 October 2011
Eniro, the leading Swedish search engine company is to acquire the directory enquiry company, 118 800, and thus strengthen its position in the Swedish market for personal search engines.  

Ericsson and Sony go their separate ways

Thursday, 27 October 2011
Telecom giant Ericsson sells half its stake in mobile manufacturer Sony Ericsson to Sony for €1.05 billion. The purchase price, payable in cash is equivalent to Skr 9.5 billion.

Handelsbanken takes the bold step and design different strategy - aims to grow in Holland Wednesday, 26 October 2011
All Swedish top banks have reported impressive third quarter results amidst growing economic uncertainty. But among the three top Swedish banks, one of them has stood out as an outward facing bank with bullish attitude. That bank is Handelsbanken.

Holmen reports boosts in profit
Wednesday, 26 October 2011
The forest company Holmen's operating profit was Skr519 million for the third quarter of 2011 against Skr383million in the same period last year. This gives an operating margin of 11.5 percent unlike 9.1 in the past.

Nokia unveiled its first Microsoft platform phones Wednesday, 26 October 2011
Nokia unveiled its first phones using Microsoft software on Wednesday in a hope to kick-start a rescue of its ailing smartphone business.

Finally more engineers have decided to leave the end-of-the-road Saab automobile to Volvocars

Wednesday, 26 October 2011
Why should highly sought after engineers plead too much loyalty to a company that give them persistent uncertainty when next door they are highly sought after. This is that tale to limping Saab automobile and Volvocar Corporation in Sweden.

Sweden leads in high corporate taxes
Wednesday, 26 October 2011

Corporate tax rate is considerably higher in Sweden than in many countries. This year the tax rate of 26.3 percent in Sweden compared with an average of 22.96 percent in the world.

Agreement between Saab and the Chinese seem to stand despite all the misunderstanding

Tuesday, 25 October 2011
Saab's two Chinese partners, Youngman and Pang Da, said that the agreement they signed with Saab Automobile in July still apply according to the latest report carried on various Swedish media networks.

Volvo's AB profit below expectations
Tuesday, 25 October 2011
Heavy vehicle manufacturer AB Volvo reports a profit before tax of Skr5.443 million for the third quarter of this year.

Swedbank's earnings impressively higher than expected Tuesday, 25 October 2011
Banking group Swedbank reported an operating profit of Skr4.313 million for the third quarter of 2011. That compares with profit of Skr3 236 million corresponding periods of 2010.

Saab CEO Muller lambast the Chinese for not keeping their own side of the terms
Monday, 24 October 2011
With no option left, the CEO of Saab automobile, Victor Muller and the Board of Swedish Automobile had to tear up the agreement earlier entered with the Chinese Youngman and Pang Da. At least they have the money now and they had to play the game within their own camp after realising that Saab was encircled.

Skanska in a new US building deal

Monday, 24 October 2011
Construction Company Skanska has been commissioned to build a surgical centre in San Antonio in the U.S. state of Texas.

ABB a Skr billion orders from Norwegian gas giant, Statoil
Monday, 24 October 2011
ABB has won an order worth around $ 270 million, close to Skr1.8 billion from the Norwegian gas giant Statoil.

The bid which Saab automobile rejected stood at 200 million
Sunday, 23 October 2011

The Chinese companies which Saab automobile was counting to act as rescuers, Young Man and Pang Das placed a bid for the whole company at Skr200 million.

Truck and bus maker, Scania's earnings in line with forecasts
Friday, 21 October 2011
Bus and truck manufacturer Scania reported a profit before tax of Skr2 977 million for the third quarter of 2011. That compares with profit of Skr3.352 million a year ago.

Lundin oil discovery more than previously thought

Friday, 21 October 2011

The oil company Lundin Petroleum AB announce that following the drilling of appraisal well 16/2-10 located in the Norwegian North Sea the operator of PL265, Statoil ASA, has announced a material increase to the resource estimates for the Aldous Major South discovery.

Alfa Laval's reports close to a billion SEK profit

Friday, 21 October 2011
Industrial group Alfa Laval made result after financial items Skr1 113 million for the third quarter of 2011. That compares with profit of Skr1.044 million a year ago.

Head of listed corporations targeted by hackers Friday, 21 October 2011
The hackers who broke into the Nasdaq's computer servers last year installed a software program that made it possible to spy on directors of listed companies, according to sources familiar with the matter.

Muller rejected the Chinese offer to buy the whole company
Friday, 21 October 2011
Saab's CEO, Victor Muller, told Reuters that he rejected an offer from the Chinese companies Youngman and Pang Da to buy the entire Saab Automobile. He would not disclose the size of the bid.

Sony still wants to work closer to Ericsson

Friday, 21 October 2011
It looks like Sony still wants to work closer with Ericsson despite recent news that they could be heading towards a split.

Saab shifting more closer towards bankruptcy Thursday, 20 October 2011
Saab Automobile is about to be thrown into bankruptcy gap again as the company’s application for re-organisation seem to be on its way to be thrown out of court.

Third quarter Loss for the Volvocars corporation  but full year expects to be profitable
Thursday, 20 October 2011
Volvo made a loss of Skr763 million during the third quarter. The company explains the red figures with seasonal variations. CEO Stefan Jacoby describes the outlook for the remainder of 2011 as positive.

Nokia results remain negative in Q3 but it is seen an better than expected earnings
Thursday, 20 October 2011
Finnish mobile phone maker Nokia posted weak results for the third quarter of 2011 on Thursday, reporting losses of 71 million euros. This follows losses of 487 million in the second quarter.

Finland steel maker, Outokumpu to slash 1300 jobs with 600 to go in Sweden
Thursday, 20 October 2011

Finnish stainless steel manufacturer, Outokumpu plans to cut 1300 jobs jobs worldwide, up 300 of them in Finland and 600 in Sweden.

Lower earnings for Norwegian
Thursday, 20 October 2011
The airline Norwegian reported a profit before tax of Nkr686 million for the third quarter.

Ericsson surprises with a profit of 5.9 billion Thursday, 20 October 2011
This indicates that Ericsson continues to grow rapidly and as the telecommunications company reports a profit that exceeds expectations. Changes in business mix, however, takes on profitability.

Defence group Saab reports impressive profit Wednesday, 19 October 2011
Aerospace & defense company Saab reported a profit before tax of Skr1.2 billion for the third quarter of 2011.

Giant bank, Nordea seens profits dive beyond expectation Wednesday, 19 October 2011
Giant banking group, Nordea reports a profit of 566 million euros, corresponding to approximately Skr 5.2 million, for the third quarter of 2011. That compares with profit of 960 million euros a year ago.

Earnings short fall for Swedish – Finnish telecom supremo, TeliaSonera

Wednesday, 19 October 2011
TeliaSonera reports a profit before tax of Skr7,251 million for the third quarter of 2011. That compares with profit of Skr8,251 million a year ago.

More businesses in Finland find it hard to pay their bills

Tuesday, 18 October 2011
More businesses in Finland are facing difficulties in paying their bills. Over 28,000 firms defaulted on payments during the third quarter of this year. This is a 6.5 percent increase over the same period last year.

Finnish wood processor, Ahlstrom to lay off 163 workers

Tuesday, 18 October 2011
The wood-processing company Ahlstrom is to stop production of glass fibre and glass fibre mats at its Karhula factory in Kotka in south-east Finland at the end of this year.

Forex buy Western Union stores

Tuesday, 18 October 2011
Forex Bank buys Western Union owned stores in the Nordic countries, 13 of them in Norway, two in Sweden and in Finland.

Giant bank, SEB in insider fraud probe as some staff got entangled in million thefts

Tuesday, 18 October 2011
Four people were charged on Monday for involvement in fraud against SEB's customers. In the whole it is reported that they tried to help themselves to more than Skr138 million from various SEB's customers, according to a lawsuit.

Swedes stealing most of the Nordic countries as baby cloths and meat attract more thieves

Tuesday, 18 October 2011
Forget the hype! The Swedes shoplift more in the Nordics as shopliftings in Swedish stores have been accounted to be on the increases. Total stuff stolen from stores hit Skr6.4 billion each year.


Volvo cars improving market share in the sluggish Euro auto market

Tuesday, 18 October 2011
Volvo car sales in Europe have increased this year giving it an improving market share in Europe. This comes at a time when car sales overall have taken some knocks this year than last year.

Danish Dong Energy to buy British based Shell Gas Direct
Tuesday, 18 October 2011

DONG Energy and Shell UK have signed a Sales and Purchase Agreement to acquire Shell Gas Direct for GBP 30 million equivalents to approximately Dkr 260 million, the company announced.

Swedish rail company, SJ launches new flagship fast train SJ 3000
Monday, 17 October 2011

Today, the Swedish state owned rail company, SJ, launched its new flagship SJ3000 train which aims to speed up the official time taken by the current X2000 and withstand the harsh Swedish winter. It is expedited to enter service gradually when inspections and tests are completed.

Norwegian submarine component order from company Saab

 Monday, 17 October 2011
Swedish defence industry group, Saab has received a Norwegian order for control panels for submarines worth Skr105 million.

H & M's sales record for September – slow sales development
Monday, 17 October 2011

Hennes & Mauritz Sales in comparable stores declined by 7 percent in September (compared to similar period last year when it grew by +8 percent.

Free paper company, Metro reports losses
 Monday, 17 October 2011
Newspaper company Metro International reported a profit after tax for continuing operations, up to EUR -6.2 million for the third quarter of 2011
Volvocars corp is planning third Chinese factory Monday, 17 October 2011
Volvocar corporation is has launched the construction of the promised second factory in China.

Oil, Africa, poverty, dictatorship, are all related. Why is Swedish Lundin petroleum involved in this mix? Is the company even really there?
Sunday, 16 October 2011
For a while now, the Swedish oil company, Lundin petroleum has been under the spot light, being observed for atrocities associated with oil exploitations in Africa. This is why this company has been associated with the dirty side that dog the African powerful people.

The first pharmacy bankruptcy in Sweden just a short while after deregulation of the sector.
Friday, 14 October 2011
Signs that smaller pharmacies will find it hard to find their feet in the Swedish market became a reality when the first small pharmacy to apply for bankruptcy protection was known today.

Svanberg seen as favourite to take over the Volvo dynasty

Friday, 14 October 2011
BP chairman Carl-Henric Svanberg is a hot name for the Chair of the Board of AB Volvo, according to reports from various Swedish media sources.

Swedish Companies that habitually ignore customers' contacts identified

Friday, 14 October 2011
Most Swedish companies that are just too bad in responding to emails from their customers have been identified.

Sony Ericsson post better than expected performance report
Friday, 14 October 2011
Mobile phone manufacturer Sony Ericsson reported a profit before tax of EUR 31 million, about Skr284 million, for the third quarter of 2011. That compares with profit of €62 million a year ago.

Impressive initial sales on Nokia N9 could bring back life into the some what weaken giant

Thursday, 13 October 2011
Initial sales reports regarding Nokia's new smart phone N9 is positive. At least during the launch days, the phone seems to have sold well. But fears of price pressures with impressive cheaper competitors could be a reminder to Nokia that the market is changing from its hay days.  

The Chinese Saab have been running after have posted a million in its account
Wednesday, 12 October 2011
Chinese vehicle manufacturer Youngman has paid about Skr100 million to Saab Automobile, according to Dagens Industri on Wednesday night.

Danish port management giant to take over Swedish Goteborg port Skandiahamnen

Wednesday, 12 October 2011
APM Terminals, part of the Danish giant AP Moller-Maersk, will take over Skandiahamnen (Skandia port) of Gothenburg. The company promises to make large investments in the operations.

Test for Swedish environmentally friendly aviation fuel

Wednesday, 12 October 2011
Airline Company, Virgin Atlantic has teamed up with Swedish technology company, Swedish Biofuels, to develop and test more climate-friendly fuel.

Iraq increasingly important for Swedish companies Wednesday, 12 October 2011
Swedish companies are investing in war-torn Iraq, latest reports suggest including that safety problems remain, but the oil-rich country is regarded as a key growth market.

Swedish transportation sector falls flat
Wednesday, 12 October 2011
Economic activity in the Swedish transport sector falls sharply, according to latest assessment.

Saab in very deep problems as Pang Da makes it clear that their agreement did not extend to reorganisation

Wednesday, 12 October 2011
Chairman of the Chinese company, Pang Da, which supposed to be in a growing and thriving relationship with Saab automobile has declared that the contract with Saab Automobile is not holding because Saab decided to carry out reorganisation.

As expected Saab shares is falling on the Stock Exchange like a piece of rock

Wednesday, 12 October 2011
Swedish Automobile, Saab's owner company, plummeted by 29 percent on the stock Amsterdam exchange at the opening of trading on Wednesday morning.

Saab could be forced to cancel the re-organization today

Wednesday, 12 October 2011
The hours are now being counted before Saab Automobile is expected to have been finish with the re-organisation, according to latest reports from various media sources in the morning. Although Saab's Chinese partner Pang Da says that the agreement with Saab does not apply, Saab CEO Victor Muller is claiming that the company "is on track" with both its Chinese partners.

Vattenfall near Finnish – EUR billion deal

Tuesday, 11 October 2011
Swedish state own energy giant, Vattenfall, is about to sell its electricity and heat distribution networks in Finland.

Muller in Stockholm for the emergency meeting of Saab
Tuesday, 11 October 2011

Saab has an extremely short time to solve the immediate crisis that engulfs its throat. Various Swedish news networks reports that the Chinese company, Youngman that was suppose to pair with the company has withdrawn and there is no further funding for the company’s reorganisation bid.

Ericsson is accused of paying bribes in China Tuesday, 11 October 2011
Swedish telecom giant, Ericsson and its Chinese counterpart, Huawei, have been accused of paying bribes to a Chinese government official in charge of procurement.

BAIC finds it hard to help Saab automobile
 Tuesday, 11 October 2011
Saab's old partner in China, BAIC, has no interest in getting involved in any rescue plans for Saab, said car manufacturers chairman on Tuesday.

Saab automobile’s Muller wants to dump Guy Lofalk and get new administrator
Tuesday, 11 October 2011
Saab automobile’s CEO Victor Muller is dissatisfied with Guy Lofalk, the administrator designated to assist the company go through the process of reorganisation. He wants him replaced and will be going to the district court to make that request.

Serious suspected corruption in Finnish military hardware case Monday, 10 October 2011
Ten people in Finland are suspected of serious rendition of a bribe in connection with the Finnish defence manufacturer, Patria deals in Slovenia.

Scania reduces the rate of production, share fell in Stockholm
Monday, 10 October 2011
The vehicle manufacturer, Scania is lowering from the November the rate of production at its factories in Europe.

Slight increase in new orders in August

Monday, 10 October 2011
New orders for Swedish industry decreased by 0.5 percent in seasonally adjusted figures in August compared to July.

Swedish industrial production fell in August Monday, 10 October 2011
Industrial production decreased by 3.1 percent in seasonally adjusted figures in August compared to July.

Geely vehemently denies interest in Saab automobile
Sunday, 09 October 2011

All our writings and speculations about Geely’s interest in Saab automobile seem to have come to clarity today.
Swedish banks weaker than previously though and this is privately worrying
Sunday, 09 October 2011
Swedish banks are not as strong as they - and the Swedish financial services authority, Finansinspektionen (FI) portrays. The effect of this is that mortgage rates become too expensive and that is worrying.

Trouble in the Danish Banking sector as another Danish bank close to collapse Sunday, 09 October 2011
Danish small bank, Max bank will most likely be phased out and operations taken over by the state, Danish banking emergency organisation. Finansiel stabilitet, a Danish- state company that assembles collapsed banks, gave the announcement late Saturday night.

How the Swedish Finance Minister Anders Borg turned down Geely  and tried to kill  Saab automobile

Saturday, 08 October 2011
Chinese financier had €50 million ready to start a down payment for Saab automobile but  they got up and went left back to China because the Finance minister, Anders Borg was not interested and failed to attend a meeting on the issue.

Fall in Swedish Corporate lending

Saturday, 08 October 2011
Swedish banks no longer lend out as much money to businesses as would have been expected.

Despite Geely’s refusal, Saab confirms their interest from Saab
Friday, 07 October 2011

Saab is still clinging on hopes that Youngman will send the Skr640 million agreed upon to support the ongoing re-organisation of the company.

Saab Cars under bailiff control attracting more buyers

Friday, 07 October 2011
There is a real pressure on the demand of Saab cars. People are calling daily to try to get access to some older Saab cars.

SAS grew in September

Friday, 07 October 2011
SAS Group's total passenger traffic, RPK, rose 5.4 percent in September, compared to the same month last year, according to number presented by SAS in its monthly performance.

Finnair struggles to make a profit and warns of profit hardship in the future

 Friday, 07 October 2011
Finnair will not achieve profitability in the second half of 2011.The results for the second half is expected to be slightly negative and it is above all cargo sector that puts more pressure on the flyer

Impressive strong growth for airliner Norwegian Friday, 07 October 2011
Norwegian airliner, Norwegian reports increase in passenger traffic by 27 percent (RPK) for September, compared with same month a year earlier.

Is the Swedish Government ready to help Saab automobile?

 Friday, 07 October 2011
The Swedish government is reported to be ready to give Saab automobile a helping hand in its reorganisation process.

Ericsson soon to be bought out by Sony

Thursday, 06 October 2011
Sony said to be close to buying out Ericsson from mobile phone manufacturer Sony Ericsson. Ericsson's shares are valued at Skr9 to Skr11 billion. Analysts are surprised that a separation has not already happened by now.






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Headlines from Confederation of Swedish Enterprise (External link)

“Swedish competitiveness is deteriorating, and without a swift change of course it will eventually start to hurt.” Stefan Fölster, Chief Economist at the Confederation of Swedish Enterprise in a serious and dismal economic analysis for Sweden more Read more here

The European debt crisis has reached Sweden. Many forecasters, including for the Swedish government, believe this downturn will be short. Read more

Sweden was recently ranked as the third most competitive country according to the World Economic Forum in its annual international competitiveness report. As goo as this looks, Malin Sahlén feels that as the same report highlighted a less appreciated assessment concerning the Swedish labour market, it is not a good impression of the Swedish economy in the future. Read more here

More headlines from Confederation of Swedish Industries 

Geely rejects having interest in bid to take Saab over
Norwegian Political party wants investigation of Lundin Petroleum in relation to Sudan accusation
Swedish Service Production Index increased by 3.7 percent
Majority of healthcare companies operating in Sweden reports profits
Saab China Process reported to be rolling on as planned but money is not coming in as planned
MTG launches pay-TV channels in Uganda and Tanzania

Swedish Service Index fell in September
Telia has received an order worth Skr100 million
Danish – German firm, Danfoss created cartels in the U.S. – guilty of price fixing


AB Volvo reshuffles in the leadership team

Ryanair could start flying internally in Sweden and dream of transatlantic routes to challenge SAS

Nokia on windows out soon – CEO Elop

Fall in Swedish corporate failures in September

Swedish companies are concerned for the future


Volvo closing a production centres in Uddevalla

Vattenfall plans to build wind power to expand on it Green renewable credentials

Vatenfall down graded credit ratings


Customers’ satisfaction in Swedish banking rests with the smaller banks not the big ones


Swedish Collective bargaining organisations and Unions lose billions on the stock exchange


Getinge to expand within cardiovascular area through acquisition of US company Atrium Medical Inc.


Increase foreign ownership take over Swedish Television market


Telia compensated for brawl over Turkish Turkcell

Lundin Petroleum makes more successful Oil discoveries, oil shares leap


Danish Jyske Bank buys collapsed FjordMors Bank

Doom and gloom faces Nokia workers as more job cuts rock the company once more

Saab owner, Swedish automobile, is to sell sport car portfolio, Spyker to American buyers
Inequality of taxation also rife in Sweden with lower taxes for those with high income

Better than expected for H & M as Asian Expansion the next big thing

Ikea breaks record at home and wants more aggressive expansion and employment

Saab automobile expect the Chinese money to fall in soon

SEB boss, Annika Falkengren does not rule out job cuts

Telia to speed up the deployment its 4G network
Practical signs of a Swedish economic fall or just change of shopping habits? More Stores are dying and the death is spreading

SAS mock competitors with new gaming app

Västtrafik warns DSBFirst to seat up or risk butted out of western Sweden

Husqvarna implements hiring freezes as the company’s economy weary 

Swedish Pension funds in trouble after the stock market collapse

Swedish state rail company, SJ's CEO leaves the company

Saturation of Chinese market now a threat to Saab’s future

Dark summer for Swedish hotels sector

Nordea to count huge cost of its play with jewellery in Denmark

Volvo AB sets new financial goals for growth and profitability

Few women in Sweden received the top wages unlike men


Nordic Postal giant buys Volvo Trucks

Assa Abloy closes factories

Bomb threats in Ikea stores - tools of extortion

Scania sees robust order intake as sales remain upbeat

The tale of a sick man that live on: Saab given another chance of life once more - reconstruction

Vattenfall under pressure to go Green

Danish rail way company, DSB to mass layoffs under the weight of DSBFirst debacle

Pang Da warns of Saab Depreciation as Workers union put the company in bankruptcy application

Swedbank starts withdrawing from aggressive eastern expansion as it reduces operation in Ukraine 

Saab’s appeal for reconstruction approved

Low confidence among Swedish domestic traders

Ikea owner Ingvar Kamprad buys into construction company, Peab

Saab CEO Victor Muller reveals next aggressive plan to not let Saab goes bacnkrupt


More Swedish Entrepreneurs now believe in lower growth

Swedish alcohol retail monopoly, Systembolaget could start home delivery of alcohol

SEBanken want to save billions

Swiss Port to manage Finnair baggage

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

The Chinese promised to invest Skr8 extra Billions in Saab

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


Swedbank halt repurchase of own shares

Alfa Laval wins Skr 100 million baby food order in India

companies





Karo Bio prepares spin-off of preclinical development
Tuesday, 25 October 2011
Karo Bio AB (publ) is preparing a better allocation of resources and competences by spinning off the company’s preclinical activities.

DIBS E-Commerce Survey 2011 shows that European e-commerce continues to grow and that mobile commerce is reaching a breakthrough
Tuesday, 25 October 2011
Based on interviews with 9,000 consumers in nine countries, the study concludes that European e-commerce grew 14% in 2011 calculated in euro. In addition, the survey provides several observations that indicate that e-commerce via mobiles (m-commerce) is reaching a breakthrough.

Changes in the management of Swedbank LC&I and First Securities
Monday, 24 October 2011
Sindre Støer has been appointed new Global Head of Investment Banking in Swedbank and Ulf Hedendahl has been appointed new CEO in First Securities. Jörgen Ulvness will step down as CEO of First Securities and Global Head of Investment Banking.

MTG acquires exclusive distribution rights to NHL ice hockey
Thursday, 20 October 2011
Modern Times Group, MTG AB today announced that it has acquired the exclusive distribution rights to the National Hockey League (NHL) in Sweden, Norway, Denmark and Finland from Medge Consulting.

Aspiro completes sale of Mobile Solutions
Friday, 14 October 2011
Aspiro has today completed the sale of the business area Mobile Solutions to LINK Mobility AS, after the deadline for the competition authority's intervention expired yesterday.

Atlas Copco to develop high-speed geothermal drilling technology
Wednesday, 12 October 2011
Atlas Copco Secoroc LLC and Sandia National Laboratories have been awarded MUSD 3.4 (around MSEK 20) by the U.S. Department of Energy (DOE) for a joint research project.

Atlas Copco to acquire German calibration specialist
Stockholm,
Sweden, October 5, 2011

Atlas Copco-owned TBB Industrial Tools Services GmbH has agreed to acquire Kalibrierdienst Stenger, a Germany-based business specialized in calibration of measuring instruments for industrial tools.

KONGSBERG automotive announces two new contracts with total value of 10Million Eur (Nkr79 million)
Monday, 03 October 2011
Kongsberg Automotive’s (KA) Fluid Transfer business area announces contract awards for the Chinese and American markets worth a total of 10 MEUR.

Atlas Copco acquires provider of advanced drilling solutions for aerospace
Monday, 03 October 2011
Atlas Copco-owned ETS Georges Renault S.A.S., France, has agreed to acquire Seti-Tec S.A.S., a French manufacturer of advanced drilling equipment and solutions for the aerospace industry.

Loomis signs 4 year agreement with Bankernas Automatbolag
Monday, 03 October 2011

Elekta divests its Anatomic Pathology Information System
Monday, 03 October 2011

IFS signs € 2.4 million contract with European marketing communications group
Friday, 30 September 2011
IFS,  announced that one of Europe’s leading marketing communications groups has chosen to deploy IFS Applications to streamline its business systems and provide a platform for future growth.

Changes in management of Karo Bio AB
September 30, 2011
Karo Bio AB (publ) today announced that Chief Financial Officer, Erika Söderberg Johnson, leaves her position.

Bergteamet gathers strength for international expansion – Polaris goes in as co-lead along with Accent
Friday, 30 September 2011
Bergteamet AB, Sweden’s leading mining contractor is now looking to expand internationally.

Alfa Laval wins SEK 60 million water treatment order in Canada
Friday, 30 September 2011
Alfa Laval  has won an order to supply newly developed equipment for cleaning of industrial wastewater in Canada.
Electrolux Conversion of shares
Friday, 30 September 2011
According to AB Electrolux articles of association, owners of Class A shares have the right to have such shares converted to Class B shares.

Skanska invests in Boston
Tuesday, 27 September 2011
Skanska is investing approximately SEK 445 million in a new laboratory and office building in Cambridge, Boston, USA.

Saab Defence receives an order from Swedish FMV
Monday, 26 September 2011
Defence group Saab has received an order from the Swedish Defence Materiel Administration (FMV) for new marine sonar systems, valued at Skr400 million.

ABB received an order from the Indians
Thursday, 22 September 2011
ABB has received an order from Steel Authority of India Limited at substations to the steel plant Bhilai Steel Plant.

Norway Post buys Swedish company
Wednesday, 21 September
2011
Monday, 19 September 2011
Alfa Laval proposes to buy all outstanding shares in Alfa Laval India Ltd and seek delisting

Meda acquires rights to Nalox in Europe