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SAAB promise corruption -free business in relation to the new Brazilian deal

Thursday, 19 December 2013
Bribery and corruption are seen as something that drive developing economies and the expectation is that a supposedly cleans country such as Sweden should do business void of being tarred with corruption.

Brazil confirms the purchase of Swedish fighter jets - Gripen from Saab as the USA start paying the price of political over reach

Thursday, 19 December 2013
Brazil is reported to have confirms that it will buy 36 Gripen fighter jets from the Swedish defence manufacturer Saab. Media reports hold that it was confirmed by the country's government on Wednesday evening. The deal was announced at a press conference in Brazil at 20 hours on Wednesday evening, Swedish time.

Norwegian Air Shuttle acquires two new, large Dreamliners

Wednesday, 18 December 2013
The Norwegian budget airliner, Norwegian Air Shuttle announced that has acquired two new Boeing Dreamliner.

Telia dismisses top managers as it tries to clean it face

Friday, 29 November 2013
Swedish / Finnish telecoms company, TeliaSonara has decided to dismiss some core executives also known as “absolute elite”. Four people were forced out, including vice president and CFO Per-Arne Blomquist.

Saab’s secret strategy in to diversification as it looks to tap into the expanding drone market

Monday, 25 November 2013
Military equipment manufacturer Saab is now trying to break into the growing multi-billion dollar market for unmanned aerial vehicles, known as drones. As the market for these unmanned systems look to expand, Swedish media sources reports that Saab has already gone deeper into the market for the product.

Falling tax evasion from Swedish companies

Wednesday, 20 November 2013
All what the Swedish tax authority have done in properly managing the Swedish tax system seem to be bearing fruits. Latest reports hold that tax evasion among Swedish companies and Swedish entrepreneurs have decreased  in the past years.

Kongsberg Automotive wins contracts in Brazil and India Worth 33MEUR (NOK 272 million)

Wednesday, 20 November 2013
Kongsberg Automotive (KA) announced that it has been awarded a contract for the supply of a complete manual gearshift system from a major European OEM. The shifter system will be used in B Segment cars which will be sold in India and South America.

Statoil sued for discrimination in a case against the Gypsy

Wednesday, 20 November 2013
Oil and gas company, Statoil is being sued for discrimination after it emerged that the petrol company denied Romani customers access to car rental services. The Swedish Equality Ombudsman has decided to pursue the case.

Volvo cars maybe on the way to really crack open the Chinese market

Sunday, 10 November 2013
That Volvocars has had it tough in the Chinese market is nothing new according to past news reports but there seem to be a strategy on the way for the Chinese owned Swedish brand to finally break into the Chinese auto market and really get big.

Profitability among Swedish farmers depressed

Friday, 08 November 2013
Only one in four farmers in Sweden sees the possibility of making real profitability in 2013, according to a report from the consulting firm LRF Konsult which also give the impression that that this is bad year for farmers.

Swedish micro business environment continues to improve as business failure continues to fall

Tuesday, 05 November 2013
The number of corporate bankruptcies in Sweden reached 589 in October, representing a slight decrease compared to the same month in 2012 and which suggest that the Swedish business environment continues to improve.

Rich Chinese buys Swedish clothing line JC

Friday, 01 November 2013
The sales of clothing line JC to a Chinese has been confirmed on Friday. The buyer is said to be a company owned by one of Hong Kong's richest men.

Competitiveness: a  major competitor to Swedish fighter jet, Gripen reportedly in serious trouble

Tuesday, 29 October 2013
One of the main competitors to the Swedish fighter aircraft brand, Gripen, the German based Eurofighter has reportedly gotten into big problems.

Catastrophic 3rd quarter results from Volvo group

Friday, 25 October 2013
Truck maker Volvo group reports operating profit was Skr2.398 million for the third quarter of 2013, something described as catastrophic by analysts.

Norwegian loses Dkr93 million on Dreamliner’s problems

Thursday, 24 October 2013
Cost of delayed to passengers and rental of replacement planes has now been accounted and shows that the cost to Norwegian, the budget airliner as a result of failure to its Dreamliner project has been higher than expected.

Maersk open for the sale of supermarket giant in Denmark

Thursday, 24 October 2013
Danish industrial giant, AP Moller-Maersk Group is prepared to off load some of its supermarket portfolios such as Netto, Føtex and Bilka. If a suitable buyer interested in taking the stores is found.

Pressure on Ericsson as profits fail to be impressive

Thursday, 24 October 2013
Ericsson's profitability has failed to lift expectation as was reported on Tuesday.  At the same time the telecom company's turnover fell as "The sale is under some pressure," says CEO Hans Vestberg.

SEB reports better than expected financial performance

Thursday, 24 October 2013
The Swedish banking group SEB's operating profit of Skr4 618 million for the third quarter of 2013. That compares with profit of Skr3.857 million corresponding period in 2012.

Handelsbanken reports increased third quarter performance

Wednesday, 23 October 2013
Swedish bank, Handelsbanken reported operating income for the third quarter of 2013 of Skr4.571 million. That compares with profit of Skr 4.289 million corresponding period in 2012.

Nordea reports increased profits

Wednesday, 23 October 2013
Nordic biggest bank, Nordea reports operating income for the third quarter of 2013 of 1.021 million euros, against 910 euros same period a year ago.

Swedbank reports higher than expected their quarter results

Tuesday, 22 October 2013
Swedish banking group, Swedbank reports an operating profit was Skr5.191 million in the third quarter compared with expected Skr4.777 million, according to analysts’ consensus survey.

Denmark showing signs of interest in the Swedish fighter jets Grippen.

Monday, 21 October 2013
Denmark's defence minister Nicolai Wammen on Monday visited Sweden to learn more about Jas 39 Gripen, making a sign of U-turn for Denmark, to show interest in the Swedish fighter jets.

A tale of a Swedish municipality where there are lots of jobs but no one to fill them

Monday, 21 October 2013
A Swedish municipality, Sandviken has a very high unemployment rate of about 13 percent. Paradoxically, the municipality's largest company, mining giant Sandvik, is facing a crisis of labour shortage and desperately seeking workers.

Thailand interested in buying more Swedish fighter jets Gripen

Monday, 21 October 2013
Thailand is said t be interested in buying six Swedish Gripen fighter aircraft within the next ten years.

Volvo closes cab production in Umeå, Sweden as it shift production

Thursday, 17 October 2013
The Volvo Group announced that it has made a directional decision to implement changes in the European industrial structure for truck manufacturing.

Danish Fraud Squad accuses eight bank chiefs of manipulating the market and earning big

Wednesday, 16 October 2013
Eight former bank executives are accused of market manipulation in Denmark worth some Dkr 6.9 million a legal prosecution just open was made public today.

Fake news about Samsung-buying a Swedish company brought confusion on the Swedish share of rushing

Friday, 11 October 2013
A scandal has occurred in the morning during trading period in the Stockholm Stock Exchange that has brought intense confusion and consternation to the market.

Two Swedish banks finance nuclear weapons

Thursday, 10 October 2013
Swedish banks, SEB and Handelsbanken are said to have provided financing for nuclear industry by presenting themselves as favourable lenders to new investments.

Some 13000 Finn flee from Nokia profolio

Thursday, 10 October 2013
Over 13,000 Finns have gotten rid of their Nokia shares after Microsoft usurped the company. 

Swedish bankruptcies continues to fall

Thursday, 03 October 2013
The number of companies going bankrupt in Sweden fell for the third consecutive month.

Saab sells Acro seats to Norway

Thursday, 03 October 2013
Defence and security company Saab announces that it has received an order for new Acro seats in Braathens Regionals 340/2000 fleet, and thereby will Braathens Regional be the launch customer for the modification.

Norwegian, the airline company wants to launch a new airline

Wednesday, 02 October 2013
Norwegian Airline Company, Norwegian has applied to start a new airline company from the Norwegian Civil Aviation authority. The Company will primarily invest in new markets in Europe.

Swedish AP funds defects from investing in American chain, Walmart

Monday, 30 September 2013
Swedish wealth fund, the AP Fund which manages Swedish pension money, is not satisfied with the U.S. retail giant, Walmart's treatment of its employees. As such the fund is withdrawing its investments on from Wallmart.

Swedish newspapers corporations making massive looses

Friday, 27 September 2013
The big Swedish corporations, those that own Swedish newspapers are making money but not as it supposed to have been. Corporations in the newspapers business in Sweden are making losses.

Tax havens alive and kicking as over 200 Danish companies are registered in tax havens

Thursday, 26 September 2013
Danish Ferry Company, BornholmerFærgen, luxury Gift Company, Georg Jensen and Bianco Shoes, are example of Danish companies that are registered in tax havens. They lead some more than 200 Danish companies that have whole of part of their ownerships in various tax havens.

Securita's skeleton in the cupboard exposed - Company branch in Montenegro reveals dirty business

Thursday, 26 September 2013
The Swedish business magazine, business week, or Veckans Affärer is reporting on something that could tend to be disastrous to Swedish security company, Securitas.

H & M's Sales rose 12 percent in the 3rd quarter

Thursday, 26 September 2013
H & M 's sales in the quarter rose 12 percent in the 3rd quarter, measured in local currencies compared to the same month last year. Same-store sales increased 2 percent.

Persistent increase interest of the Nordea shares still in Swedish government's purse

Tuesday, 24 September 2013
The Swedish government has made it clear that it wants to ride of what it still owns as shares in the  Nordic country's biggest bank, Nordea. After the close of trading on Tuesday, the government announced its intention to sell the its entire remaining shareholding, just over 7 percent of Nordea. Reports hold that demand is expected to be great.

Nokia gave false information on Elop’s contract - Reports

Tuesday, 24 September 2013
Finnish media houses are reporting that the terms on the contract that engaged former Nokia CEO Stephen Elop contained false information.

Saab group announces jobs cuts Goteborg - efficiency measures

Monday, 23 September 2013
Defence and security company Saab announces that it is to reduce its headcount by 150-175 employees within Business area Electronic Defence Systems in Gothenburg, Sweden.

Customer receives compensation for Nordea typo

Monday, 23 September 2013
Typos are common everywhere even in banks. One such case in point, which happened in a Nordea branch in Denmark, led to a big payout to a customer.

Danish banks continue to struggle for their survival but the lack of evolutionary business models put more pressure

Monday, 23 September 2013
Analysis of the Danish banking scene shows that the way the banks have driven their businesses in the past is now pushing them deeper into severe pressure, something that started when the financial crisis hit in 2008. Since then, several Danish banks have collapsed and recent review suggest that more are still to go.

Who was behind the IT collapse that brought down Swedish rail operations on Thursday?

Sunday, 22 September 2013
We reported last Thursday on a cyber attack that brought the Swedish rail company, SJ, to a stand still. It emerged that a group of 16 years old Swedish kids have claimed responsibility for the attack.

Ikea founder, Kamprad rejects family Feud accusation

Sunday, 22 September 2013
It was reported recently that the founder and chairman of Ikea, Ingvar Kamprad and his three sons had been at logger head after it emerged that Komprad had a deal in which he would continue to earn big from the Ikea brand name. He had not disclosed this to his sons who now control the company. When it was realised it the sons ganged against their father in a legal dispute.

Swedish railway company, SJ says it was a victim of cyber attack

Thursday, 19 September 2013
SJ, the Swedish railway monopoly said it suffered from the effects of a cyber-attack yesterday and up until today it is still hard for customers to book tickets.

Troubles in the Kamprad-Ikea family as monetary issues pit father and sons

Thursday, 19 September 2013
It is being reported in Swedish press sources that there has been a serious family feud within the family of the founder of Ikea, the Kamprad family where  the father Ingvar Kamprad had to take on his three sons in a legal suit. He was forced through that suit to relinquish billions to the sons, a new book coming out soon reveals.

Saab cars soon out of the factory once again - a premise is made

Wednesday, 18 September 2013
The Swedish Electric car company, Nevs which owns Saab automobile says it is ready to present its first Saab model from the factory in Trollhättan, near Gotheburg.

Nordic giant bank, state owned Nordea accused on helping African dictatorship

Tuesday, 17 September 2013
The Nordic regions biggest bank and part state owned, Nordea has been accused of assisting an African dictatorship transfer and hide wealth in their bank branches.

American intelligent organization, NSA accused of spying on bank transactions

Tuesday, 17 September 2013
The Americans intelligent organisation, NSA has been accused of spying on banking transaction in which Swedish and Scandinavian people and their business payments and money transfers might have been affected.

Ryanair in a ten-year deal with Stansted Airport that may result in some 7,000 new jobs being created.

Monday, 16 September 2013
The Irish budget airline Ryanair has agreed a ten-year major venture with London-Stansted, airport which according to Ryanair can generate up to 7,000 new jobs at the airport for five years, reports Sky News. Many Swedes fly to and from the UK with Ryanair via Stansted airport.

Danske bank forces out its CEO as Management change eminent in the bank

Monday, 16 September 2013
Danske Bank's Board of Directors has appointed Thomas F. Borgen as new CEO of the company, replacing Eivind Kolding whom the board thinks he does not have the required qualities to continue the banking operations.

Sales Growth for Fashion company H&M

Monday, 16 September 2013
H&M Group total sales including VAT in local currencies increased by 14 percent in August 2013, compared to the same month the previous year. According to analysts on average it was expected that comparable sales would increase by 2.5 percent and that total sales would increase by 12.6 percent.

Property company, Fabege invests in new podcast studio in Luma, Hammarby Sjöstad

Friday, 13 September 2013
In the past year, the podcast format has become very popular and Fabege is now opening a recording studio in Hammarby Sjöstad.

MTG included in Dow Jones Sustainability World and Europe indices

Friday, 13 September 2013
Modern Times Group,  MTG AB today announced that it has been included in the Dow Jones Sustainability Europe Index for the first time, following an 11% year on year improvement in the Group’s total Corporate Sustainability Assessment score.
by Scancomark.com

Atlas Copco again on Dow Jones Sustainability Index

Friday, 13 September 2013
Atlas Copco, a leading provider of sustainable productivity solutions, was included in the Dow Jones Sustainability Index for 2013/2014.
The index lists the world’s leading sustainability-driven companies.
by Scancomark.com

Impressive giant order on the way for the Swedish fighter jets gripen from the USA

Thursday, 12 September 2013
The Swedish arms manufacturer Saab continues to remain on the positive side of the news after it emerged today that through its  co-operations with the U.S. Boeing, it now plans to offer Gripen aircraft to the U.S. Air Force's educational TX future trainer requirement.

Slow recovery for Swedish engineering section

Thursday, 12 September 2013
The business activity in the Swedish engineering industry reflects a modest recovery during the third quarter 2013. New orders continue to grow, but at a slightly slower pace, according to Teknikföretagen's Business Activity Survey.

Switzerland continues forward in their approval for the purchase of 22 Gripen

Wednesday, 11 September 2013
The Swiss Parliament's main chamber, the National Council has voted positively in favour of buying 22 Swedish Saab made Gripen fighter jets. This vote has been highly anticipated by the Swedish authorities in order to have confident in the project.

As Brazil and the US entre a stress zone caused by the ears dropping issue, Sweden's Saab is holding its breath over the sale of Gripen

Wednesday, 11 September 2013
Swedish Defence group, Saab 's hopes of selling the Gripen fighter jets to Brazil in increasing as Brazil enters into a stress zone with the USA after it emerged recently that the USA could have been taping information for that country.

Norwegian airliner, Norwegian sees its future being thwarted by Boeing as the dream liner ushers in more problems than expected.  

Tuesday, 10 September 2013
Boeing is making Norwegian low cost carrier loose market competitiveness as its newly delivered Dreamliner is finding it hard to take off from the ground.

Most hated Companies in Sweden

Monday, 09 September 2013
Reputation is a key to the success of a brand. For this reason, organisation and many companies in the past years have been working very hard or made to feel that they have been working hard to improve their reputation. Nevertheless, the question is emerging as have they really been doing what they say the do?

Karo Bio announced it has achieved first milestone in Pfizer collaboration

Thursday, 05 September 2013
The collaboration between Karo Bio AB and Pfizer Inc. has successfully resulted in a significant achievement within the RORgamma project triggering the first milestone payment to Karo Bio.

Gunnebo announces that it extending Reach in Southeast Asia with new offices

Thursday, 05 September 2013
Security company, Gunnebo announces that the Gunnebo Security Group has opened new offices in Bangkok, Thailand and in Yangon in the Republic of Myanmar.

Kongsberg Automotive driveline systems delivered shifter system to Volvo cars concept coupe

Thursday, 05 September 2013
Kongsberg Automotive (KA) delivers the “crystal shifter system” to Volvo’s latest concept that will be on display at IAA (Internationale Automobil-Ausstellung) in Frankfurt that opens next week, in a press release announcement.

New figures show how things are turning around for SAS

Wednesday, 04 September 2013
Airliner, SAS reported increased profits in the recent quarter. Profit before tax was Skr 1.1 billion, Skr 300 million better than analysts had expected and also a big improvement over a year ago.

Ryanair forced to cut prices as sales not reflecting their business model

Wednesday, 04 September 2013
As the lord of all low price carriers, Ryanair starts seeing the reaction of poor customer services and excessive additional costs affecting its bottom line, the top management is now warning of t profits shortfall for this year.

Atlas Copco to adjusts mining equipment capacity in Sweden as 163 employees might go

September 3, 2013
Compressors, expanders and air treatment systems, construction and mining equipment company, Atlas Copco announced that it is reducing capacity at its facility in Örebro, Sweden, in response to continued weak global demand for mining equipment.

A growing school of analysts feel that Nokia was sold for a very low price

Tuesday, 03 September 2013
A group of analysts in Finland are surprise at the sale of Nokia and also the price paid for the company.

Gone as Microsoft successfully usurped Nokia into its blood stream. Paid $7.1 billion for it

Tuesday, 03 September 2013
Microsoft said it has reached an agreement to acquire the handset and services business of Nokia for more than $7.1 billion, in an effort to transform Microsoft’s business for a mobile era that has largely passed it by.

Ericsson builds data centre in Sweden and North American

Monday, 02 September 2013
Telecoms giant Ericsson is to invest Skr7 billion in three new so-called data centres of which two will be based in Sweden.

IKEA expected expansion would now slow

Monday, 02 September 2013
The new Chief Executive Officer of Ikea, the world largest furniture retailer has decided to slow down the rate of growth of the company's expansion rate. This comes after his predecessor had pledge to double the pace of store openings something now being described as a power and strategy shift

Strike at Copenhagen Airport called off after a period of chaotic scenes

Monday, 02 September 2013
The strike this morning by security staff at Copenhagen Airport, which had paralysed the airport, making planes to fly empty to their destinations have now been called off. 

Saab Dynamics in Karlskoga will shed 70 jobs - implementing efficiency measure previously announced

Monday, 02 September 2013
Defence group Saab wants to do away with  70 employees in the business area Dynamics based in Karlskoga. The reason is the decline in orders. The negotiations will start today with workers and their representatives.

Pharmacy company MEDA acquires a US respiratory company

Friday, 30 August 2013
Pharmacy company, Meda announced that it has signed an agreement to acquire the US development company Acton Pharmaceuticals, Inc. (“Acton”) including the proprietary product Aerospan.

Agrokultura reports on winter crops harvest - point to positive fundamentals

Thursday, 29 August 2013
Agrokultura AB announces that it has almost completed the harvest of the winter planted crops for 2013 and the yields are up across the board compared to last year, with in particular notable improvements in the winter rape in Ukraine and the winter wheat in central Russia.

Ryanair CEO, Michael O'Leary reacts to criticism of the carrier persistently hitting negative news reports

Thursday, 29 August 2013
Michael O'Leary, CEO of "budget airliner"  Ryanair  reacted on Thursday in a press conference in the Swedish capital Stockholm, to accusation meted on his company as being one of the worse in the industry in terms of safety and working conditions.

Volvocars to charm the car world with a news tool - releases a new concept Coupé car ahead of its debut at the Frankfurt motor show

Thursday, 29 August 2013
Chinese Swedish owned Volvo Cars Corporation  just unveiled veil its first example of the car which manufacturer's new design is expected to speak in the future.

Life Science company, Allenex receive approval for sale of antibody detection drug in Mexico

Thursday, 29 August 2013
Life science-company,  Allenex  announces that its application to sell AbSorbers product for antibody detection, XM-ONE®, in Mexico has been approved by local regulatory authorities.

H&M to start operating in South Africa - planning a new store

Thursday, 29 August 2013
Swedish fashion giant, Hennes & Mauritz is getting into the South African, confirming the company's news marketing and operations strategy in to the African continent.

Swiss parliament has now agreed to engage in the Swedish jet fighter Gripen

Tuesday, 27 August 2013
The Swiss political machinery has accepted that they would go ahead with the Gripen deal. That process took a step forward today when the security committee of the National Council voted yes to the deal.

Explosion of restaurants in Sweden 25 percent growth in 10 years

Tuesday, 27 August 2013
There are more restaurants in Sweden today than 10 years ago as the number of restaurants has increased by about 25 percent.

ABB moving production laying Czech Republic, laying off 57 people

Monday, 26 August 2013
Engineering firms, ABB is moving production the Czech Republic and the consequence is that 57 people will have to be let go from Nyköping.

Swedish government sets tougher requirements on banks as a buffer for a possible next financial crisis

Monday, 26 August 2013
The Swedish Financial Services Authority, Finansinspektionen (FI) is excited that it has been provided with a new powers to put pressure on Swedish banks to reduce their over reach and work harder to earn their huge profits.

Ikea founder Kamprad pays for equipment to the hospital - Ask and you will be answered

Friday, 23 August 2013
Ikea founder, Ingvar Kamprad is know for being very careful with the penny but what is not much talked about is his philanthropic heart especially in Sweden. A reminder of that came when a healthcare centre was shocked by a donation to them from eh Ikea superman.

Northland resource resumed trading

Thursday, 22 August 2013
The ailing Northland resources whose trading was halted in Oslo on Thursday morning, is said to have resumed trading, after share were halted from trading for three hours.

Trade in Northland Resource's shares halted on the Oslo stock exchange

Thursday, 22 August 2013
Trade in the shares of the mining company, Northland Resources on the Oslo Stock Exchange was halted this morning.

Alfa Laval wins SEK 185 million energy-efficiency order in India

Thursday, 22 August 2013
Nasdaq OMX listed company, Alfa Laval announces it has won an order to supply Alfa Laval Packinox heat exchangers to a petrochemical plant in India.

The Scandinavian companies on Forbes 100 top innovation List

Wednesday, 21 August 2013
Danish Coloplast is Scandinavia's most innovative companies as it emerged 12th of the world's 100 most innovative companies as classified as by the renowned business magazine,  Forbes as it list the world’s 100 most innovative companies.

Swedish school crisis just continues to get worse - Private schools are now 25 percent more likely to go bust

Wednesday, 21 August 2013
Swedish private school system has been hailed by the like of the UK as models to improve their own failing school system. However, the problem here is that the Swedish private school system is failing as most of the companies running these schools are going bust day by day.

Struggling Danish wind Power Company, Vestas recruits from Ericsson

Wednesday, 21 August 2013
Danish wind Energy Company Vestas Wind appoints Anders Runevad as new president and CEO. He succeeds Ditlev Engel who, after eight years is leaving the company.
Anders Runevad comes from Ericsson, where he was most recently head of Western, and Central Europe.
More reporting from Bloomberg News


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