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Fortum puts its Swedish hydropower for sale

Thursday, 10 May 2012
The Finnish energy giant Fortum is planning to sell half of its hydropower plants in Sweden.

SKF plans to expand recruitment growth in Asia

Wednesday, 09 May 2012
SKF plans to annually employ about 1,000 people in Asia over the coming years, the company’s CEO Tom Johnstone said on its Capital market day yesterday, Tuesday.

More Swedish companies went into bankruptcy in April

Monday, 07 May 2012
The number of companies in Sweden that reportedly went into bankruptcies rose in April by 19 percent as 548 companies went bankrupt, according to business and credit information company UC.

Norwegian Telenor's chairman resigns

Wednesday, 02 May 2012
Norwegian Telenor chairman, Harald Norvik is leaving his job after  the Norwegian Economic Development and Trade Minister Trond Giske said he has no confidence in him.

Volvo cars sales in the USA falls

Tuesday, 01 May 2012
Volvo Cars sold 2.7 percent fewer cars in the U.S. market for the first four months of this year compared with same period last year, according to a press release.

Loss for Norwegian budget airliner Norwegian

Thursday, 26 April 2012
The airline Norwegian reported an increased turnover and a reduced net loss for the first quarter of this year.

1700 workers may leave ST-Ericsson

Monday, 23 April 2012
ST- Ericsson, jointly owned by Ericsson, aiming to achieve annual savings totalling approximately $320 million, equivalent to Skr2.1 billion, in new and ongoing restructuring program when they were finalized at the end of 2013.

Saab's former CEO creats a new company

Friday, 20 April 2012
Saab’s former CEO, Jan Åke Jonsson, who resigned as CEO of Saab Automobile in May last year, has become an entrepreneur and has created a new company.

Telia will charge for the use of Skype

Friday, 20 April 2012
Telia will start charging for mobile IP telephony such as Skype, even in Sweden. No more free calls from VoIP services such as Skype and Viber

Swedish Telecoms companies reported lower profits than expected

Thursday, 19 April 2012
Swedish telecom giants, TeliaSonera and Tele2 reported their performances this morning and it was not very encouraging as would have been expected.

Great expectations from SKF as profit reach expectations

Thursday, 19 April 2012
Bearings manufacturer SKF reports earnings in line with expectations. CEO Tom Johnstone paints, however, an unexpectedly bright picture of the situation.

Ericsson wins 4G contracts in Japanese

Tuesday, 17 April 2012
Ericsson has signed an agreement with Japanese telecom operator Softbank to build the company's 4G network.

Alfa Laval wins order to supply fresh water generators worth SEK 50 million to an oil platform in Norway

Tuesday, 17 April 2012
Alfa Laval has won an order to supply fresh water generators to an oil platform in the North Sea. The order is worth approximately SEK 50 million. Delivery is scheduled for 2012.

Two bidders for Saab Automobile considered to be more serious

Tuesday, 17 April 2012
Chinese Youngman has made a bid of around Skr3.2 billion for Saab Automobile. But the company is not the only stakeholder interested in buying over the bankrupt Swedish auto maker.

H & M's sales beat expectations

Monday, 16 April 2012
H & M outperformed expectations according to Mondays report with sales figures that no analysts expected.

More than 90 workers were given notice on SCA Hygiene in Gothenburg, Sweden

Tuesday, 03 April 2012
Another blow t a Swedish company as SCA Hygiene products in Mölndal, near Gothenburg, Sweden has issued notices to 94 employees.

Angry Birds Company buys competitor

Tuesday, 27 March 2012
Finnish Rovio, the company behind the extremely popular video game Angry Birds, is reported to have bought game developer, Futuremark Games Studio, which I behind games such as Unstoppable Gorg and Shattered Horizon.

Sony Mobile announces layoffs in Lund, Sweden

Tuesday, 27 March 2012
Mobile manufacturer Sony Mobile is laying off 150 employees in Lund, Sweden according to news reports in Sweden.

Volvo recalls 115 000 cars in Sweden

Monday, 26 March 2012
Volvocars corps recalls 115 000 cars of this year's model, 15,000 of them in Sweden, Volvo Cars says it has to do with defect that could affect the airbags feature.

Astra Zeneca's lawsuit in the USA get turned down

Monday, 26 March 2012
A U.S. court in the State of Colombia rejects Astra Zeneca's lawsuit against the FDA.

Bayer CEO see Organic Growth as the most Important Target - reports

Thursday, 22 March 2012
Bayer AG (BAYN.XE) views organic growth as the chemical and pharmaceutical company's most important target, Chief Executive Marijn Dekkers told journalists late Wednesday in Duesseldorf

TV gaming firm, Game declared worthless - trade stopped

Wednesday, 21 March 2012
The crisis-hit British TV games chain, Game, which has 45 stores in Sweden, believes that equity has been wiped out and has requested that trading in its shares halted.

Tieto to cut off 1 300 employees

Tuesday, 20 March 2012
The Finnish-Swedish IT giant Tieto plans to reduce its workforce by approximately 1,300 employees, including nearly 500 in Finland, nearly 300 in Sweden and 500 in other countries.

Nokia Siemens win Saudi orders

Tuesday, 20 March 2012
Nokia Siemens has received an order from Saudi Arabia. The company will upgrade the Saudi Telecom Company (STC) network for fast mobile broadband.

BE Group wins major order from Volvo

Thursday, 15 March 2012
Volvo Construction Equipment recently announced its decision to outsource the current in-house activity of cutting and preparing steel plates in Arvika, Sweden.

Fast broadband, a common future in Sweden

Wednesday, 14 March 2012
Nearly half of all households and businesses in Sweden last year had access to fast broadband.

Alfa Laval wins SEK 50 million brewery order in Indonesia 

Wednesday, 14 March 2012
Alfa Laval has won an order to supply a variety of Alfa Laval products to a brewery in Indonesia.

New iPad could pass Sweden by as 4g compatibility in Sweden could be lacking

Friday, 09 March 2012
Apple's new version of the popular iPad can not cope with the 4g system in Sweden. It is unwelcome news for the 4G operators in the country as such Telia and other operators are now in discussions with Apple for the Swedish launch.

Swedish telecoms company, Tele 2 notifies its own customer service to the police

Monday, 27 February 2012
A strong scandal has broken up in the Swedish telecom company, Tele 2 and this has brought in the police.

Bus Companies accused of price fixing cartel


Statoil has found gas in Tanzania


Increased profit and sales for Arla


Geely, owner of Volvocar Corp., to open plant in Egypt


The struggling Danish banking sector continues to show signs of stress


Danish government takes over another bank


Sales of Sony Ericsson completed


Profit Boost for clothing company, Bjorn Borg


TeliaSonera borrows billions


Statoil's earnings higher than expected


Head of Danish wind power company, Vestas elopes after profit warnings




Meat producer Danish Crown lay off 500 in Esbjerg

Friday, 11 May 2012
The Danish corporate sector continues to suffer as meant producer, Danish Crown closed its slaughterhouse in Esbjerg, which means firing 500 employees.

SAS to renew plane fleet in a new strategic plan

Friday, 11 May 2012
The Scandinavian airliner, SAS will over the next six to seven years, be replacing most of the fleet. In total, SAS will buy nearly 70 aircraft worth a total of Nkr40 to Nkr45 billion, according to media reports in Norwegian Stavanger Aftenblad and Norwegian newspaper Dagens Næringsliv.

Fashion leader, H&M criticised by a Swedish Cancer organization

Thursday, 10 May 2012
HM's ad campaign for this summer's swimwear has aroused strong reactions from the Swedish Cancer Society.

Increased order for the Swedish industries – a brighter light at the end of the tunnel

Thursday, 10 May 2012
New orders for Swedish industry increased by 2.0 percent in seasonally adjusted figures in March compared to February. When comparing March of this year and the same month of the previous year, new orders decreased by 6.4 percent in working day adjusted figures.

A Slight increase in Swedish industrial production amidst economic gloom in the background

Thursday, 10 May 2012
Swedish Industrial production increased by 0.4 percent in seasonally adjusted figures in March compared to February. Comparing March with the same month in 2011, industrial production decreased by 6.5 percent in working day adjusted figures, official figure from statistic Sweden show.

Accenture chases away Nokia workers

Thursday, 10 May 2012
Some 320 former Nokia employees have claimed severance packages at the consultancy firm Accenture, which is now moving forward with layoff talks.

Drunken SAS pilot stopped at a Swedish airport

Thursday, 10 May 2012
An unannounced breath tests revealed that a pilot of a SAS plane was inebriated at work and was stopped from flying on Tuesday morning.

Strong performance of Statoil as it forecast further growth

Tuesday, 08 May 2012
The Norwegian oil and gas company Statoil reported a profit before tax of Nkr57.4 billion for the first quarter 2012. Similar period last year it was Nkr50.3 billion.  Analysts had expected an outcome of Nkr53.9 billion according to analysts’ consensuses, making it 7 percent better than expected.

Chinese soon to start selling their version of Saab

Tuesday, 08 May 2012
Chinese version of the old Saab 9-5 has reached the stage of development that it will begin shipping later this year.

TeliaSonera planning to make a full bid for Lithuanian companies

Tuesday, 08 May 2012
TeliaSonera has increased its stake in the Lithuanian operator Teo LT and will make a bid for remaining shares, according to a press release.

Ericsson received new order from T mobile U.S.A

Tuesday, 08 May 2012
Telecom Group Company has received an order from T-Mobile USA to participate in the operator network upgrades for mobile broadband based on LTE technology.

Swedish companies increasingly finding it hard to get paid on time

Monday, 07 May 2012
Late and non-payment of bills is a growing problem for Swedish companies. Last year companies in Sweden were forced to write off debts worth some Skr75 billion, according to media reports.

Swedish banks under pressure as they risk rating downgrades

Friday, 04 May 2012
Swedish big banks have come under pressure and there is nervousness around the corridors of Swedish banks as the credit rating agency, Moody's threaten down grade.

Danish airliner, Cimber Sterling in bankruptcy

Thursday, 03 May 2012
The listed Danish airline Cimber Sterling announced on Thursday that the Board has decided to put the company into bankruptcy. "Sad for all the worthless tickets," said the airline's CEO in a press release.

Volvo Cars makes billion profit but CEO takes a cautious look ahead

Wednesday, 02 May 2012
The Chinese company Geely owned Swedish automaker,  Volvo reports a profit for 2011 of Skr1.636 billion before interest and tax. Sales rose 20.3 percent to 449 255 cars. Turnover was Skr125.5 billion.

Nokia sues many of its competitors

Wednesday, 02 May 2012
Nokia has filed lawsuits for patent infringement against HTC, RIM and ViewSonic in the courts in the U.S. and Germany.

Surprise as Spyker reports profit after Saab's bankruptcy

Monday, 30 April 2012
The Saab Automobile's bankruptcy is taken over nine billion, and many creditors will not get a dime. But Saab's former owner, Spyker, manages to show a profit of over Skr140 million just because of the Saab bankruptcy.

Did Political prisoners of in former East Germany built Ikea furniture?

Saturday, 28 April 2012
Ikea under intense pressure as Swedish television reveals that the company sold furnitures built by labour from  political prisoners of former East Germany (GDR). The company rejects the allegation.

Demonstrations against Ikea after various unethical revelations about the company’s dealings

Saturday, 28 April 2012
Today, natural activists gathered for demonstrations outside the eight Ikea stores in Sweden to protest against the furniture giant's destruction of ancient forests.

Telia suffer more fall outs from its collaboration with dictators

Friday, 27 April 2012
Another fall out from the Telia’s collaboration with dictators as pointed out in the past days continues to have negative effects on the company as Swedbsnk sell stocks to safe faces

New challenge for Swedish Gripen as competitor step up game

Thursday, 26 April 2012
As the quest to strike a sale increases and every player juggle for position to strike a deal in a very competitive market, Saab which had hoped would secure a deal to sell its Gripen jet fighter to the Brazilian now starts seeing that dream becoming more difficult to meet.

Increased loss of Active Biotech

Thursday, 26 April 2012
The biotechnology company Active Biotech reported a loss before tax of Skr99.6 million for the first quarter.

Earnings Fall at Astra Zeneca as CEO to resign

Thursday, 26 April 2012
Pharmaceutical giant AstraZeneca reported a profit before tax of $ 2.053 million, representing approximately Skr14 billion, for the first quarter of 2012. This compares with profit of $ 3.288 million a year ago.

AB Volvo's earnings higher than expected

Thursday, 26 April 2012
The vehicle manufacturer AB Volvo reports a profit before tax of Skr5.602 million for the first quarter of 2012. This compares with profit of Skr5.847 million a year ago

Lumia 900 up for pre-order in Finland as Nokia struggle

Wednesday, 25 April 2012
On the day Apple announced a bone crushing growth, pioneer and Finnish beleaguered mobile phone maker, Nokia says it will begin taking Finnish orders for its latest Lumia phones midnight Tuesday

Ikea comes under fire again accused of clearing core Russian forest in search for wood

Wednesday, 25 April 2012
Ikea contributes to the destruction of ancient forests in Russia in search of wood for his furniture according to Swedish television’s investigative report.

Electrolux improved and beat expectations

Wednesday, 25 April 2012
Good sales and higher prices mean that home appliance manufacturer Electrolux, with CEO Keith McLoughlin, managing to beat expectations for the first quarter. Both sales and profits were higher than analysts had expected.

Swedbank beat expectation as another Swedish post huge profits

Wednesday, 25 April 2012
Swedbank reported a strong report on Wednesday morning with net interest income positively impacted by the Bank's increased lending margins. A provision in Ukraine of Skr200 million weighed on credit losses.

Fall for Ericsson's profit as largest business unit saw weak performance

Wednesday, 25 April 2012
Ericsson delivered a mixed quarterly report on Wednesday morning. As a whole the report was slightly worse than expected and the telecom company's principal business unit Networks plummeted from last year.

Nordea presents better than expected first quarter report

Tuesday, 24 April 2012
Nordea, the CEO Christian Clausen, will present the results slightly above expectations for the first quarter. The operating profit of Skr 9.2 billion was 5 percent above analysts' estimates, and loan losses decreased slightly.

Lower profit for SEB in its first quarter report but better than expected

Tuesday, 24 April 2012
SEB, with CEO Annika Falkengren, makes a profit of 3.7 billion in the first quarter. It was far worse than a year ago but better than experts had anticipated, as SEB managed to keep costs in check.

Volvo and Sweden expects that the visit of the Chinese premier here on Tuesday should be a boon to the company

Monday, 23 April 2012
On Tuesday, the Chinese Premier Wen Jiabao will be visiting Volvo Cars Corporation something being thought  that would boost the image of he company in china  and improve on its growth there.

Alfa Laval fell in the market after reports

Monday, 23 April 2012
Engineering company, Alfa Laval saw its stocks fall on the market on Monday after its report release on Monday. The result was not in line with expectations of future prospects as such not bright enough for that market players to be excited.

Swedish companies harbour Poor knowledge of the EU internal market

Monday, 23 April 2012
Swedish companies do not know what rights they have on the EU internal market, according to a survey carried out by the Swedish Board of Trade also known as Kommerskollegium.

Astra making multi billion business in the USA

Monday, 23 April 2012
AstraZeneca acquires US-based Ardea Biosciences for $32 per share, making the purchase price amounts to about 1.26 billion U.S. dollars including existing cash.

Stockholm council can opt out of Telia services because of its association with dictators

Saturday, 21 April 2012
The effects of Telia Sonera’s association with countries that violate human right could start costing it business and money at home. The city of Stockholm wants to be the one to shoot the first shot and withdraw from using the services of TeliaSonera when the next procurement of telephone subscriptions comes around.

Poor economy forces Swedish Red Cross to cut workforce - 70 more to go

Saturday, 21 April 2012
Workforce retrench in the Swedish arm of Red Cross continue as its economy continues to remain weak after scandals of misused that hit the organisation in 2010.  Now the organization wants to terminate 70 employees as majority of its regional offices are to be closed.

Is Microsoft’s business with Nokia costing it money? So far Yes!

Friday, 20 April 2012
IT giant Microsoft's Windows Phone division made a loss in the first quarter. Payments to keep Nokia going are reported to be largely behind this decline.

Nokia faces unexpected challenge in its transition routes. Looses mount in Q1

Thursday, 19 April 2012
Finnish mobile giant, Nokia Corp. (NOK), the world's biggest handset maker last year, Thursday said it has faced greater than expected competitive challenge in its ongoing strategy overhaul, as the company reported heavy losses for the first quarter.

Swedish defence group Saab reports boost in profits

Thursday, 19 April 2012
Defence and Security Company Saab’s operating income presented for the period January -March 2012 was Skr 398 million against Skr368 million for same period a year ago. This corresponds to an operating margin of 7.1 per cent over 6.7 same period in the past.


Metro Continues to make losses

Wednesday, 18 April 2012
Interim reports of the free newspaper group Metro International showed a loss after tax of €1.7 million, or about Skr11.6 million, for the first quarter. This compares with a loss of EUR 2.2 million a year ago.

Did TeliaSonera secretly collaborate with dictatorships?

Wednesday, 18 April 2012
That security services are using  mobile operators to control the public in political events and in dictatorial countries have been reported in the past and Swedish companies have been identified as playing leading role. Most notable has been Ericsson but it has emerged that the Swedish – Finnish telecom company, TeliaSonera could have secretly worked directly with these dictators to eliminated challengers to the regimes.

Strong Competition in a tight Finnish magazine market leads to hostile takeovers

Tuesday, 17 April 2012
As the Finnish magazine market gets more competitive, hostile takeovers are being seen as a strategy to stay ahead of others.

Torrid times for Nokia as rating hit near bottom. Company is gradually imploding

Tuesday, 17 April 2012

Moody's lowers rating for Nokia and further reduction may be necessary if the company can not boost sales. After a tough time in the stock market continues Nokia's shares dropped yesterday.

The announcement of the death of Maersk Mc-Kinney Moller

Monday, 16 April 2012

One of the cores of the Danish shipping empire, Maersk Mc-Kinney Moller was been reportedly dead. He was 98 years.

Confederation of Swedish enterprise believe that the government lack the strategy to confront globalization

Monday, 16 April 2012
An official of the confederation of Swedish industries has accused the Swedish government of lacking economic agenda for reform. A leading official of the organisation, Urban Bäckström want to see that the government grasps the challenges of globalization.

Volvo lost U.S. dispute, would appeal

Monday, 16 April 2012
AB Volvo's subsidiary Volvo Powertrain has lost a dispute with the U.S. Environmental Protection Agency EPA and therefore has to pay more than $ 72 million, representing approximately Skr490 million in penalties and interest.

Allergy free groceries, a growth sector in Swedish food retailer as increase in the demand for Gluten free products grow exponentially

Saturday, 14 April 2012
The amount of people demanding allergy free groceries is exploding, begging the question - what is added in our food in the supermarket today of whether it has to so with life style or the environment.

H&M a big Swedish global fashion giant managed only by the Swedes as it leads Swedish companies that discriminate workers in terms to racial and cultural integration.

Friday, 13 April 2012
Imagine that other peoples of other countries with different colours and strips did not wear H&M’s cloths, shoes and the like, could the company be as great as it is today and could it have grown soo big in other countries as it has done today.

The price for slow reactions to reality as Nokia shares continues its tumbling on Thursday

Thursday, 12 April 2012
Finnish mobile phone giant Nokia's shares continued their downward spiral on Thursday following Wednesday’s profit warning. Nokia shares opened 5 percent down in morning trading on the Helsinki Stock Exchange.

Nokia plunged after profit warning – things not looking good for the Finnish giant

Wednesday, 11 April 2012
Shares in Nokia plunged 17 percent after the mobile phone giant surprised investors by saying it expected to make losses in the first half of 2012.

Swedish football premier league is marred by hooliganism but now the coordinator wants national registry setup

Wednesday, 11 April 2012
Swedish premier football league is not so wonderful as the Danish league of even the Norwegians league but Swedish league has one major problem – hooliganism. There is hardly a match in the premier league here without crow scuffle and this has been very worrying to many putting interested parties out of the game.

Defence group Saab extends contract with Airbus

Wednesday, 11 April 2012
Defence and security company Saab says it has received a contract extension with Airbus for the A320-family Aileron for the life of this programme.

Chinese Youngman has lodge its bid for Saab

Tuesday, 10 April 2012
The Chinese company, Youngman, who persistently tried to get buy Saab automobile has, according to an informed source given its final offer for a bid for the bankrupt company before the deadline expired at 17 hours on Tuesday.

Swedish beauty industry in unexpected unregulated despite the high risks associated with plastic surgeries operations

Tuesday, 10 April 2012
Sweden is a country where cosmetic the surgical sector is the most unregulated in the Europe but there is fight now for the sector to be regulated after various scandals.

Analysts expect tough times for Ericsson and other telephone operators

Tuesday, 10 April 2012
Analysts, Nomura expects that telecom operators will continue to be cautious with their investments in the first quarter, which will weigh on the results of Ericsson, Alcatel-Lucent and Juniper.

Volvocar corp. moves development department to Denmark

Tuesday, 10 April 2012
Swedish / Chinese car maker, Volvo Car Corporation will open a new development office specialising in HMI (Human Machine Interface) in Copenhagen.

New orders for Swedish industries decreased

Tuesday, 10 April 2012
New orders for Swedish industry decreased by 5.5 percent in seasonally adjusted figures in February compared to January.

The deadline for Saab automobile bid today

Tuesday, 10 April 2012
Today is a milestone for Saab Automobile's trip through bankruptcy as the stakeholders that want to buy the estate must submit their final bids today.

Fall in Swedish industrial production

Tuesday, 10 April 2012
Uncertainty in the US job creation is not the only thing affecting investors in Swedes and Scandinavian at large but also the fall in Swedish industrial production.

Nokia Siemens Gets StarHub 4G, GSM Network Pact In Singapore

Tuesday, 10 April 2012
Network equipment joint venture Nokia Siemens Networks (NOK, SI) said Tuesday it has been selected by StarHub Ltd (CC3.SG), a mobile operator in Singapore, as its Long Term Evolution (LTE) fourth generation mobile broadband infrastructure and services vendor.

Finnish companies also obsessed with the bonus culture

Monday, 09 April 2012
Bonus schemes for all levels of staff are surprisingly common in Finnish companies, and the model continues to gain popularity in Finland.

Nokia’s net strategy is to carry out intense US market campaign

Monday, 09 April 2012
Nokia’s next strategy is to launch its smart phones in the USA and that was done on Easter Sunday. As the US shops start carrying out Nokia’s flagship Lumia 900, the Finnish mobile phone giant is hoping for a new foothold in the smartphone market. But analysts say that the company has two or three years to make its strategy work.

Finnish regulators heap pressure on Groupon - Reports

Friday, 06 April 2012
Online discount deal company Groupon has come under fire from Finnish regulators. The crowd sourcing company is in hot water after numerous complaints from consumers reports Finnish radio and television corporation.

Truck Maker Volvo Signs agreement with DEUTZ to Look at Extending Cooperation into Asia

Thursday, 05 April 2012
Swedish truck maker Volvo AB (VOLV-B.SK) said Thursday it has signed a memorandum of understanding with DEUTZ AG (DEZ.XE) to look at extending their long-term cooperation on jointly developing medium-duty engines for off-road applications.

Statoil floored by the Danish pharmaceutical as  Novo Nordisk becomes the largest in the Nordic countries

Wednesday, April 04, 2012
The Danish pharmaceutical company, Novo Nordisk has taken the throne as the Nordic region's largest listed company by market capitalization.

Bankruptcies in Sweden decreased in March

Wednesday, 04 April 2012
The number of corporate bankruptcies in Sweden fell in March by 8 percent compared to March last year after major increase at the beginning of the year, reports the intelligence firm UC.

Swedish Prosecutor satisfied with decision to jail two Volvo officials

 Wednesday, 04 April 2012
Swedish state prosecutor, Nils-Eric Schultz, is pleased with the conviction of two former executives of AB Volvo's subsidiary, Volvo CE, who paid millions of dollars in exchange for contracts in Saddam Hussein's Iraq.

Americans continue to put their faith in Volvocars

Tuesday, 03 April 2012
Things continue to look rosy for Volvo Cars in the USA which looks like its is strengthening its place there as it largest market. Volvo Cars sold 6693 cars in March, an increase of 5.1 percent over the same month last year.

Gothenburg Biscuit factory laying off 70 worker

Tuesday, 03 April 2012
Göteborgs Kex has given notice to 70 employees at its facility in Kungälv, reports Goteburg Posten.

Saudi secrete weapon deal that was exposed could be costly for Swedish companies

Tuesday, 03 April 2012
Saudi Arabia is Sweden's most important market in the Middle East. The civilian good exports last year totalled a value of Skr12 billion.

Bankrupt Saab automobile’s liabilities larger than previously thought - Skr13 billion

Tuesday, 03 April 2012
The bankrupt Saab Automobile’s liabilities has been accounted to stand at between Skr12 and Skr13 billion, and assets including land is a "a fraction of this." This low mismatch was not known before.

Hundreds of Nokia's outsourced Symbian developers leaving Accenture

Tuesday, 03 April 2012
Hundreds of former Nokia employees at the consultancy firm Accenture have left the company and claimed severance packages.

Swedish Prosecutors believe that a Mining companies were built with drug money

Sunday, 01 April 2012
Prosecution suspect that the mining company, Mineral Invest International was created with money from the accused cocaine smuggler, Jonas Falk, formerly Oredsson.

Trouble game company Game Group already in administration to be rescue by Investment group

Sunday, 01 April 2012
The game retailer, Game Group which recently went into administration could be rescued by an investment group, Opcapita according to reports out on Sunday.

Nokia shifting to mobile phone TV application for its Lumia - Rumour

Saturday, 31 March 2012
There is rumour that Nokia wants to launch TV application that will enable users to watch TV on their Lumia phones.

Worse year for Swedish state owned companies

Friday, 30 March 2012
Sales in the Swedish state own companies decreased by 11 percent to Skr337.8 billion for the full year 2011 compared to full year 2010 according to the state’s assessment of the performance of its business portfolios in the year.

Danke bank lift after a big loan – share leaped

Friday, 30 March 2012
Danish Banking giant Danske Bank has borrowed Dkr15 billion by the Danish central bank. Shares shot up immediately on the news.

Worse than expected for clothing company, Hennes & Mauritz

Thursday, 29 March 2012
Hennes & Mauritz (H&M) reported a profit before tax of Skr3.701million against Skr3538 same time last year,  for the first quarter (December-February) in the split financial year 2011/2012.

Television companies in Sweden should clarify their price principles as dodgy prices have been detected.

Wednesday, 28 March 2012
Cable TV companies operating in Sweden are urged to clean up their price jungle. This is because today, customers have no clear idea of the total cost of all package fees that are marketed.

The Buyers of Volvo Aero is revealed

Wednesday, 28 March 2012
The British engineering company GKN is likely to buy Volvo Aero within the coming month reports Bloomberg News late on Tuesday afternoon, referring to people familiar with the matter.

Bully tact and lack of strategy force Swedish Telecom operators to want to block Skype usage

Wednesday, 28 March 2012
Swedish telecom operators are looking for ways to stop their customers from making free calls via services such as Skype and Viber. "We must take payment," said Charlotte Züger at Telia to radio Sweden.

Mobile price war in Sweden costly for operators

Wednesday, 28 March 2012
Swedish Mobile operators, Tele 2 and three are at war right now for new customers through two subscriptions that give customers half price. This has meant that it sold more subscriptions than usual.

Volvo Heavy equipment Chief tracks strong growth in machinery

Tuesday, 27 March 2012
Strong global growth will give their construction equipment a boost, according to Patrick Olney, president of Volvo Construction Equipment, which according to current industry tracks growth in annualized revenues of Skr25 billion.

British trouble company, Games Chain, with operation in Scandinavia goes into administration

Monday, 26 March 2012
Britain's biggest video game retailer, Game Group, which also has operations in Sweden, has gone into administration.

Safer working in companies owned by venture capitalists

Monday, 26 March 2012
Employees in companies owned by private equity firms have significantly lower risk of unemployment and better wages according to a recent study.
Anyone who works in a company owned by a private venture capital is 13 percent less likely to lose their job than workers in other companies.

Some operations in Saab factory as some last unfinished vehicles completed

Monday, 26 March 2012
On Monday, there were some operations again at Saab Automobile in Trollhättan. But this was not a sort of permanent operation that could be associated with a finalize deal by some one or authority taking the company over.

The pain of paying the high Swedish taxes as Local authorities accused for attempts to avoid taxes

Monday, 26 March 2012
It's not just private equity firms that are trying to carry out tax planning to avoid the high Swedish taxes, No! Municipal and counties are also working hard to avoid paying taxes through various tax planning mechanisms. In a review carried out by the Swedish Tax Agency some 25 municipal corporations had been rejected their interest deductions.

GM Plans To Boost Output Capacity In Low-Cost Countries –Report

Sunday, 25 March 2012
General Motors Co. (GM) doesn't only plan to close the Opel plant in Germany's Bochum and the plant in U.K.'s Ellesmere Port but plans to simultaneously boost capacity in so-called low-cost countries such as Poland, Russia, China, India, Mexico and Brazil, according to a GM strategy paper that was presented at the GM Global Business Conference, weekly magazine Der Spiegel reports.

Worries over Swedish video game industry

Sunday, 25 March 2012
Television and computer games developed in Sweden, sold like hot cakes last year. Revenue is estimated to have grown by at least 50 percent.
This year, the growth has continued. But lack of skilled personnel and funding are two factors that have brought in increased concerns.

Japanese-Chinese consortium reportedly bid for Saab

Friday, 23 March 2012
A Japanese-Chinese consortium is now involved in the battle to buy bankrupt Saab automobile factory in Sweden according to reports.

BAE Systems opens a fighter jet plant in Lancashire, UK

Friday, 23 March 2012
BAE Systems opens a new £150m ($240m) facility later to increase US F-35 jet fuselage production by extending its site in Samlesbury, Lancashire….reports the BBC

Swedish pharmaceutical market getting tougher as pharmacies stretch hard to compete for customers

Friday, 23 March 2012
Two years ago due to intense pressure from the EU, the Swedish government allowed the operation of private pharmacies in Sweden, refracting from the domination of the Sate owned Apotek. 

Nokia Siemens Networks cutting over 600 jobs in Finland as Nokia also cuts 1000 jobs

Thursday, 22 March 2012
Nokia Siemens Networks (NSN) is to axe no more than 624 jobs from its operations in Finland, the company said on Thursday. Also other repots say Nokia will reduce 1000 jobs in Finland.

GSK To Invest GBP500 Million In UK, Including New Factory, 1,000 Jobs

Thursday, 22 March 2012
GlaxoSmithKline PLC (GSK.LN) said Thursday that it will invest more than GBP500 million in manufacturing in the U.K. to boost production of essential ingredients for its pharmaceutical products and vaccines, including the construction of a new factory and up to 1,000 jobs.

Swedish Banks increase margins even on business loans and it get expensive for businesses to borrow

Thursday, 22 March 2012
Not only Swedish households that are facing the quarantine from borrowing, companies are also paying more for their loans. Compared to the years before the financial crisis, the difference between the interest rate on new corporate loans and repo rate has doubled according, latest media reports show.

War on the Swedish telecom market as Telecom giant Tele2 go after competing Network 3

Wednesday, 21 March 2012
It is hard for Swedish telecom companies to get customers these as such competition is fierce. It not led to a heavy price war, literally, but it has led to company “A” watching what company “B” is doing – very closely.

No relaxation of rules for Swedish business

Wednesday, 21 March 2012
Although the government for several years has been working to simplify rules for businesses, so that a majority of them could see that their burden eased, that has not been that case.

Stora Enso is investing big in China for Sustainable competitive differentiation in the world’s fastest-growing packaging market

Tuesday, 20 March 2012
Stora Enso plans to build a plantation-based integrated paperboard and paper mill in the city of Beihai in Guangxi in southern China. The company will service the rapidly growing market for liquid packaging and other high-quality consumer board types.

Bonus payments tearing Finnair apart as six board members fired by the minister responsible

Tuesday, 20 March 2012
The Finnish airline, Finnair is in crisis after a series of revelations about secret million euro bonus paid to top officials while cutting services as well as a flat business. Last week, the minister in charge of government ownerships, Heidi Hautala announced the firing of six members of the board who had been responsible for sanctioning the bonuses.

Ikea examined by French police for suspicion of surveillance of customer and workers

Monday, 19 March 2012
Ikea has been called a spy shop, as the Swedish furniture giant is accused of illegal surveillance. For this reason, police in France has searched the Ikea's French headquarters for evidence. Ikea has launched an internal investigation to ascertain what had happened.

Securitas pays no corporation taxes for over a decade in Sweden as the government still weak in making a strong statement

Monday, 19 March 2012
Following our continues probe into Swedish companies and their responsibility in paying taxes in Sweden, it turns out that for over a decade, the security company Securitas has been paying absolutely no income tax in Sweden.

A record number of trucks looted in Sweden by thieves

Monday, 19 March 2012
Last year, the number of thefts from trucks in Sweden was recorded by nearly 20 percent, according to figures from the police whom radio Sweden. Never before have had so many thefts recorded in as presented in the police statistics.

Political wrangling in the U.S. could threaten the Norwegian's aircraft Purchase - reports

Sunday, 18 March 2012
Norwegian budget airline, Norwegian has announced that it was to make a purchase of a large number of planes from the USA but the company now fears that the political wrangling in the USA could affect the aircraft purchase business.

How some 1.206 Swedish Big Corporation get away with paying no taxes or very little taxes if they like to pay

Sunday, 18 March 2012
The argument has always been that big corporations will employ more people and contribute more to the state treasury in the way of increased tax intake. This is one of the reasons why Sweden is so observed with big corporations  and would do all to pursue them weakly when it come to checking if they are paying their fare share of taxation…Right? Wrong!

Nokia design chief sees a revolution in the future use of mobile phones as market seem to be happy with Nokia

Friday, 16 March 2012
Nokia’s Executive Vice President of Design Marko Ahtisaari says in an interview with the Finnish business magazine Optio that he is looking for the next big leap in mobile user interfaces.

Volvo trucks doing well in a very increasingly diverse global market

Friday, 16 March 2012
Volvo Group's total truck deliveries rose 3 percent to 18 395 in February, compared with same period last year according to delivery statistics from Volvo, beating analysts expectations.

SuomiTV in Finland to be rebranded as FOX TV

Friday, 16 March 2012
As of April 16, the television channel SuomiTV will be named FOX, following its acquisition of the ailing channel in January.

Intel invests in Swedish IT-company

Thursday, 15 March 2012
The U.S. processor giant, Intel is partnering in Swedish IT Company Tobii Technology through an investment of Skr143 million, reports technology newspaper, Computer Sweden.

Leap year day boost for fashion chain H & M sales

Thursday, 15 March 2012
Fashion chain H & M sales in stores open at least a year by 2 percent in February. The increase is due to the extra leap day in the month. But analysts would still be happy because sales were better than anticipated.

Cimber Sterling flies with heavy losses

Wednesday, 14 March 2012
The Danish ailing airline Cimber Sterling has continued its difficult times in continued operations despite the company’s persistent fall profits. In the third quarter the company had a loss before tax of almost Dkr100 million. This means that equity is negative with Dkr82.5 million.

British company keeps credibility by withdrawing investment from unethical oil sand

Wednesday, 14 March 2012
The UK ethical equity fund, Ecclesiastical Investment withdraws from Norwegian Statoil for its "unethical" investment in oil sands projects.

Operation still going at Saab automobile despite the company still seeking buyer

Tuesday, 13 March 2012
The Saab bankruptcy administrators will continue to keep operations in Saab active while seller sought for the assets of the company as a whole. A number of foreign and domestic stakeholders are still in the game of buying Saab, and now they will be joined by Saab specialists for answers to their questions.

Medivir announces new studies in phase III program for TMC435

Tuesday, 13 March 2012
Study in previous non-responder Hepatitis C genotype-1 infected patients
Study in Hepatitis C genotype-4 infected patients


Astra Zeneca files law suit against U.S. Food and Drug Administration

Tuesday, 13 March 2012
Pharmaceutical giant AstraZeneca has filed a lawsuit in the U.S. state of Columbia against the U.S. FDA according to a statement from the company.

Standoff at Finnair as staff demand stop to austerity in the wake of huge management bonuses

Monday, 12 March 2012
Finnair flight attendants are resisting further wage cuts after a recent scandal over big bonuses for the company's executives. The company's pilots will also look again at whether to continue savings talks.

The dream of starting a company is paramount in most entrepreneurs’ minds but the fear supersedes

Monday, 12 March 2012
Becoming an entrepreneur and starting ones own business is often one of the world’s top dream aspirations for many people but many still have it hard to dare take the step and many also need help to get started.

Swedish car inspection company, Bilprovningen to be sold to international buyers

Monday, 12 March 2012
Most of the Swedes' old car inspection companies are now being sold to large international companies.

Volvo Technology to be used in creating new car model for Chinese Geely

Friday, 09 March 2012
Volvo Car Corporation and the Chinese owner Geely are launching enhanced technology cooperation, with a focus on new technology including electric and hybrid cars. This is another step taken to create a common brand.

5 Norwegian banks risk credit score downgrade

Friday, 09 March 2012
Five Norwegian banks risk having their credit ratings lowered by Moody's.

Swedish Companies illegally reveal the background of people on the web

Friday, 09 March 2012
Your twittering, blogging, or your opinions posted on Facebook can destroy your resume. More and more companies are engaged in the pursuit employers’ information - about your background, according to a recent newspaper investigation.

Cloetta factory in Alingsås to close

Friday, 09 March 2012
Candy Company Cloetta intends to close one of its factories in Alingsås near Gothenburg, Sweden.

Volvo and Geely deepen cooperation

Friday, 09 March 2012
Volvo Cars is expected on Friday to sign a contract on technology transfer from the company's Chinese owners of Zhejiang Geely Holding Group, said a source with knowledge of the agreement.

Bonus imbroglio threatens saving negotiations at Finnair

Friday, 09 March 2012
Finnair cabin crew are upset about the revelation that the company's management received one million in bonuses while staff agreed to pay cuts to help the company to be maintained.

High confidence in Swedish Public Services and Ikea

Thursday, 08 March 2012
Which aspect of the Swedish society do Swedes trust most? The answer to this question is what the Swedes do regularly in which various polling organisation habitually question them on which organization they throw their trust in most.

Swedish state owned energy company, Vattenfall heavily criticised in Germany

Thursday, 08 March 2012
The Swedish state – owned energy company, Vattenfall, had received harsh criticism in Germany because the company neglected to report that they used steel drums which contained radio active component but it was not reported and no action was taken by the company to redress the issue.

Bank of China opens office in Stockholm

Thursday, 08 March 2012
The Chinese banking giant Bank of China which already has offices in over 30 countries will soon be setting up their first Nordic office in Stockholm.

Gloomy forecast for Swedish service

Thursday, 08 March 2012
Growth in the Swedish services sector is expected to weaken in the first quarter compared with the corresponding period in 2011, and production of services is expected to drop compared to last quarter.

Clas Ohlson reports record increase in profits and as such to carefully expand in to other markets

Thursday, 08 March 2012
Swedish electronic Retail Company, Clas Ohlson, reported a profit before tax of Skr305 million for the period November – January, the third quarter in the company's broken financial year.

The exclusive Swedish banking club continues to shower gold to its top executives. The Finance Minister can only talk and watch but can’t do anything

Thursday, 08 March 2012
The major Swedish banks made a record combined profits in 2011 on customer mortgages mostly. Criticism on their pricing model has been fierce, especially from the Swedish Finance Minister, Anders Borg.

Criticism as Handelsbanken, increases its various board member enumerations

Wednesday, 07 March 2012
As the banking sector in Sweden start looking for other sources of paying themselves back, large, Handelsbanken has taken the first leap and increased its remunerations to its board members and chairman. This has ignited growing criticisms from members and the savers.

Officials of the Chinese Company Youngman met with Swedish government

Wednesday, 07 March 2012
The Chinese company that looks desperate to buy over Saab automobile, Youngman, has in recent days met with both the Swedish government and the leader of the leading opposition party, Social Democrats,  Stefan Löfven in their attempt to work at a much higher level in their pursuit to buy Saab Automobile.

Volvo Cars makes new car brand in China

Wednesday, 07 March 2012
Volvo and Geely have begun to develop an entirely new brand of cars designed for the Chinese market.

More starts –ups in cleaning business in Sweden

Wednesday, 07 March 2012
The number of employees in the cleaning industry is increasing, but how much power tax deduction in the industry has in the development remains hard to determine.

Negotiation with interested party for the Saab take over still not yet started despite many bids

Tuesday, 06 March 2012
The bankruptcy administrator looking after the assets of the Swedish automaker, Saab says no negotiations have even begun with some of those who want to bid on the whole of Saab. However, the estate is selling the smallest assets.

Indian billions bid for Saab automobile

Tuesday, 06 March 2012
As the question for Saab ownership continues, more bid are falling in. A new bid has reportedly come from India’s TATA motors to Saab automobile as interest in the brand continues to attract.

Bankruptcies in the Swedish corporate sector continue to increase once more

Monday, 05 March 2012
More than 500 companies went bankrupt in Sweden in February, an increase of 9 percent over the same month last year. The trend is reminiscent of the crisis year of 2009.

Swedish Automobile retains Spyker

Monday, 05 March 2012
Dutch company which owned Saab automobile which has just gone bankrupts, Swedish Automobile (Swan) in reported to retains Spyker cars as a wholly owned subsidiary.

Turkish bidder for Saab automobile withdraws bid claiming that "GM wants to kill Saab"


Chinese Huawei threatens Ericsson with price pressure as Ericsson tend to focus on crowded developed markets


Swedish Saab becomes one of the world's leading producer and exporter of war materials as the sector grew globally in 2010 despite economic decline


Eniro will not be completing previously announced acquisition of 118 800 as it lay off hundreds of workers in Finland


Nokia Lumia sells more than expected in the U.S. but the launch of the new Nokia still keep investors worried.


Uncertainty engulf Sony employees as possibility emerged that there could be cuts


Swedish newspapers circulation continues to fall


Volvo wants to rip Saab automobile’s machinery  and ship them to China in a secret bidding


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