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Gunnebo Modernises Locker Service for African Bank

Thursday, 20 September 2012
The Gunnebo Security Group has signed an order with Standard Bank in South Africa for the installation of SafeStore Auto, an automated safe deposit locker solution, at the bank’s flagship branch in Sandton, Johannesburg.

US Government Extends Contract with Gunnebo

Thursday, 20 September 2012
The US Government General Services Administration (GSA) has renewed its contract with the Gunnebo Security Group through its wholly-owned subsidiary, the Hamilton Safe Companies.

Swedish telecom company, TELE2 has 3 million customers in KAZAKHSTAN Wednesday, 19 September 2012
Swedish telecoms company, Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that its Kazakh operations has reached 3 million customers in total.

Electronic chain Expert, Swedish branch retailer goes bankrupt  

Tuesday, 18 September 2012
Electronics Chain, Expert, failed to stop its recent losses to persist as such it has finally filed for bankruptcy. All activities in Sweden are thus closed down and at least 817 people will lose their jobs.

Alfa Laval wins SEK 70 million heat exchanger order in Western Europe

Monday, 17 September 2012
Alfa Laval has won an order to supply Alfa Laval compact heat exchangers to a petrochemical company in Western Europe.

Alfa Laval wins SEK 70 million energy efficiency order to a university in the US

Tuesday, 11 September 2012
Alfa Laval has won an order for heat exchanger systems to be used for district heating at a university in the US. The order is worth approximately SEK 70 million and delivery is scheduled to start in 2012 and be finalized in 2014.

SAS to reduce reorganize and restructure its workforce

Wednesday, 05 September 2012
SAS is to review its organization in order to save money.

Geely looks to India and Iran as it seeks expansion of its operations internationally

Tuesday, 04 September 2012
The Chinese company, Geely, which owns Volvo Cars, is now China's third largest auto exporter after Chery and Great Wall. The company want to strengthen that by dashing into building more factories outside China.

Varian Medical Systems files a lawsuit in the United States against Elekta

Wednesday, 29 August 2012
Varian Medical Systems has filed a lawsuit against Elekta in a U.S. state court in Texas.

Nokia’s $39 Phone Rebound Wins More Time For Comeback Bid

Wednesday, 22 August 2012
Nokia Oyj (NOK1V), burning cash as it struggles to revive its smartphone business, is winning time for the recovery effort by gaining more customers for another product: basic mobile phones it sells for $39.

Profit shortfall for  BJÖRN BORG

Wednesday, 22 August 2012
Clothing Company Björn Borg reported a profit after tax of SEK 1 million for the second quarter of 2012, in the past similar period it was Skr6.5million.

Very tight in the Danish Media sector as media giant, Berlingske Media lay closes 83 posts

Thursday, 16 August 2012
A total of 83 positions will be crushed by the Danish media concern, Berlingske Media. 66 job will be cuts, and then there are 17 vacancies, that will run out and will not be replaced.

Atlas Copco reorganizes roller manufacturing in Sweden

Stockholm, Sweden, August 14, 2012:
Atlas Copco has decided to reorganize the production of road construction equipment in Karlskrona, Sweden, to create a more competitive production unit with stronger future growth potential.

Alfa Laval acquires leading wastewater Treatment Company as it continues to expand its product portfolio

Wednesday, 01 August 2012
Alfa Laval has acquired Ashbrook Simon-Hartley, a leading provider of belt filter presses, which is a complement and alternative to Alfa Laval’s decanter range in the dewatering of municipal and industrial wastewater.

Volvo Car jobs disappear in Skövde, Sweden

Thursday, 12 July 2012
Some 40 jobs are disappearing at Volvo Cars of Skövde, local media report blaming consequence of management's decision to cut back on production of cars during July and August after a sharp drop in sales during May.

Volvo car’s performance in the USA is increasing.

Wednesday, 04 July 2012
Volvo sold 7107 cars in the U.S. in June, a slight increase, 0.1 percent, compared to the same month last year, the company announced.

Alfa Laval wins a Skr 60 million unique energy efficiency order from AkzoNobel

Thursday, 28 June 2012
Alfa Laval has won an order to supply a unique evaporation system to an AkzoNobel chemical plant in Germany, according to a press release.

Alfa Laval wins SEK 60 million energy-efficiency order in South Korea

Monday, 25 June 2012
Alfa Laval has received an order for Alfa Laval Packinox heat exchangers from a refinery in South Korea. The order value is about SEK 60 million and delivery is scheduled for 2013.

TeliaSonera takes allegation of doggy Uzbekistan business serious

Thursday, 20 September 2012
TeliaSonera's CEO takes seriously allegations that TeliaSonera has been accused to be engaged in. CEO Lars Nyberg, responded at a press conference to explain his stance regarding his company business in Uzbekistan.

Last minute rescue as new owner takes over bankrupts Nimbus

Wednesday, 19 September 2012
Luxury boat manufacturer Nimbus has had a new owner as Investment Company, R12, stepped up in the last minute to take over the company on Monday night.

TeliaSonera secretly associated itself in shady multi billion krona business with dictators through tax havens

Wednesday, 19 September 2012
TeliaSonera, the Scandinavian giant telecoms company, has been exposed to associate itself in shady deals worth billion with dictators in Uzbekistan, a country that has been criticised to have dictatorial rule and press and speech quarantine.

Paper company, Stora Enso is investing in stormy Pakistan

Tuesday, 18 September 2012
The paper company, Stora Enso has signed an agreement with Packages Ltd. of Pakistan to establish a joint venture to be named Bulleh Shah Packaging, report various Swedish media sources quoting a press release.

Nordea cautious and reject Iranian students from opening bank account

Monday, 17 September 2012
Nordea became defensive and rejected Iranian students' ability to open bank accounts as such constricts the ability of relatives in Iran's ability to transfer money and pay their student bills in Sweden.

Steel maker, SSAB issued profit warning - shares dive

Monday, 17 September 2012
Swedish steel giant, SSAB gave a profit warning today Monday and this led to a tough opening of its shares on the stock market in early trading.

Sales fall for H&M in August but group sales rose

Monday, 17 September 2012
Clothing giant H&M reported a sales fall by 4 percent for August 2012.

The price for low cost production - new computers produced in China embedded with viruses

Friday, 14 September 2012
Criminals in China have discovered that an easy way of gaining access to individuals' personal details is to get to the sources. As such, computers produced in cheap China have been found containing viruses implanted at the source - that is, in the factories.

Swedish house prices continue to increase

Thursday, 13 September 2012
Real estate prices for one- or two-dwelling buildings increased by 3 percent during the last three-month period, May – July 2012, compared to the previous period, February – April 2012.

Apple music launch, a pure threat to Spotify streaming service

Monday, 10 September 2012
Apple corporation is big and it has its own platforms such as the iphone, surfboards - ipad, the Ipod and PCs and besides all these it also has the itunes. So it is a big player in the music listening and electronic distribution systems.

Ryanair intensifies saving in fuel after several force landings

Monday, 10 September 2012
Ryanair want to save more on fuel costs but it looks like it is the factor behind the recent reported forced and emergency landings of Ryanair planes, which was reported recently.

Slight increase in Swedish industrial production

Monday, 10 September 2012
Swedish industrial production increased by 0.3 percent in July compared to June in seasonally adjusted figures. Comparing July with the same month in 2011, industrial production decreased by 0.4 percent in working day adjusted figures, according to official data from Statistic Sweden

Continued decrease in new orders for the Swedish industries

Monday, 10 September 2012
New orders for Swedish industry decreased by 0.7 percent in seasonally adjusted figures in July compared to June. When comparing July of this year and the same month of the previous year, new orders decreased by 5.4 percent in working day adjusted figures.

Swedish mobile phone companies come under intense scrutiny as customers loose confidence in them

Sunday, 09 September 2012
The amount of complaints against Swedish mobile phone vendors by mobile subscriptions increased tremendously such that analyst feel that the Swedish mobile phone customers have lost confidence in their phone providers.

Taby to house Apple's first super store in Sweden

Thursday, 06 September 2012
Sweden's first Apple "super" Store opens in Taby Centrum on September 15. The shop will be based on the same apply shop design concept as found in other places in the world.

The number of payday loan companies have doubled in Sweden just within five years

Thursday, 06 September 2012
Sweden has become a very lucrative market for fast loan companies, otherwise known as payday loan companies. Within the past 5 years, their number has exploded.

Industrifonden invests in Actiwave to develop new audio quality technology

Thursday, 06 September 2012
Industrifonden is investing SEK 13 million in Actiwave, which is developing a technology that improves audio quality in mobile phones, tablets and other devices.

H & M Raise the wages of textile workers in Bangladesh

Wednesday, 05 September 2012
Swedish fashion giant,  H & M wants the government of Bangladesh to increase the salaries of the country's textile workers, according to reports on radio Sweden.

Volvo car Corp Confirms operations reduction in Torslanda

Wednesday, 05 September 2012
Volvo car restructure strategy going forward as the future looks really uncertain. Reports have emerged to show that production rates in its core Torslanda production centre will decrease.

Bankruptcies in Sweden look to increase

Wednesday, 05 September 2012
The number of corporate bankruptcies in Sweden rose 19 percent in August, compared with the same period last year. During the month there were 454 companies in bankruptcy.

Loomis enjoys the fall of competitor, Panaxia shares edge up in Stockholm

Wednesday, 05 September 2012
The other logistic company, Loomis is enjoying the fall of Panaxia which went into bankruptcy this morning. Loomis see its share edge up on Wednesday morning.

Bankruptcy announcement of security firm Panaxia

Wednesday, 05 September 2012
Security Group Panaxia has put itself into bankruptcy as the firm failed to get enough money to carry out a rights issue.

Volvocar Corp., rejects accusation of sales number manipulation

Tuesday, 04 September 2012
We reported yesterday that Volvo Car Corp., was accused of playing with sales number which made it looked like its sales in the Swedish market was going on better  than thought. Volvo has reacted by countering the accusation.

Swedish state takes over Saab part, a subsidiary of Saab automobile just sold

Monday, 03 September 2012
When the Saab sales deal went through as announced today, we previously reported that the sale of the company included the other Saab subsidiary Saab tool,. But it has emerged that the Swedish debt office had taken over that subsidiary.

Fewer new companies created in Sweden in August

Monday, 03 September 2012
Business creation in Sweden fell in August as only 4,996 new companies were registered with the Swedish Companies Registration Office. That was a decrease of 2 percent compared with the same month last year.

Saab affair finally settled as well as a trade mark "SAAB"

Monday, 03 September 2012
The Saab automobile which had been in bankruptcy management has now been officially resolved with the automobile sold to the new buyer, the Swedish Electric car Consortium otherwise known as Nevs.

Volvocar Car Corp., accused of manipulating sales figures in the Swedish car market

Monday, 03 September 2012
Volkswagen sold far more cars in the Swedish auto market than Volvo in August.
But Volvo dealers are reported to have manipulated the figures so that the situation will look slightly better than it really is.

The purchase of Saab automobile looks completed

Monday, 03 September 2012
It looks like the deal in the purchase of Saab could have been completed following last Friday deadline for the company to pay the cash for its purchase.

H&M will stop at nothing to push its expansion as it entre South American market

Wednesday, 29 August 2012
Swedish fashion giant,  H & M,/ Hennes & Mauritz AB (H&M), has taken the  first step into South America by opening its first store in Santiago de Chile, Chile.

Hundreds of jobs to go at Volvo as the supposedly buoyant motor maker begins to tank

Tuesday, 28 August 2012
Sales in key markets is not doing fine as Volvo Cars would have wanted and this is shifting the company into crisis in the Swedish auto sector. For this reason,  the company workforce is being reduced by up to 300 people.

The Purchasers of Saab automobile must pay for the product before Friday or the deal is off

Tuesday, 28 August 2012
The company that bought the Saab Automobile's bankruptcy estate, electric car consortium, Nevs, must pay the money for the purchase this coming Friday - otherwise the deal is blown off.

As the two mobile giant fight, Nokia sneak to some gain

Monday, 27 August 2012
There are two clear winners in the patent battle between technology giants Samsung and Apple. This has made Microsoft and Nokia to sneak some gains. Nokia shares earlier on Monday increased 10 percent on Monday, and as the day moved on that growth continued beating the doubled lows in July.

Volvo Car corp., denies "rumour" that it was planning to build a factory in Brazil

Friday, 24 August 2012
Reports that Volvo Cars corp., was planning to build a factory in Brazil has been rejected and qualified as unfounded rumour.

Sony let 1000 workers to go from its operations in Lund, Sweden

Thursday, 23 August 2012
Sony which recently amassed the rest of Ericsson in their former Sony Ericsson consortium, is now laying off about 650 people in Lund, the company finally announced in a press release.

BMW sues Saab parts

Wednesday, 22 August 2012
The German automaker BMW is suing Saab Automobile Parts of over Skr20 million.

Over 1000 Sony Jobs in Lund, Southern Sweden threatened

Wednesday, 22 August 2012
It now looks like the employees of Sony in Lund, Sweden are on the way of loosing their jobs.

Pressure on Swedish media business as 60 jobs to go at Svenska Dagsbladet

Wednesday, 22 August 2012
Pressure in the Swedish media landscape continues to be felt with one of the biggest boys in town shedding jobs.

Troubled SAS continues to see red in the summer

Monday, 20 August 2012
The summer has not been very friendly to the Scandinavia Airline System, aka, SAS especially its long-haul routes which have seen various forms of setbacks stretching into the core of the company.

Swedish insurance group on the way to record private equity portfolio sale

Monday, 20 August 2012
Swedish insurance group, Länsförsäkringar is in the process of selling a €1.5bn portfolio of private equity interests, which would be one of the largest divestments by a European institution.

Swedish air travel site closes in Belarus as political tension between the two countries continue to deep

Friday, 17 August 2012
The Swedish web service that deal with flights - Flight Radar 24 has been shut down in Belarus, as the tension between Sweden and Belarus continues to rage.

Netflix coming to Scandinavia - Denmark, Norway, Sweden and Finland

Thursday, 16 August 2012
The American leading internet subscription service for movies and TV programs otherwise known as Netflix is launching in the Scandinavia soon - Sweden and Denmark have been  noted as the next route for the company.

Scania will not allow the new owners of Saab, NEVS to use its logo

Thursday, 16 August 2012
Scania will not allow the new owners of Saab, Nevs to use its logo which is also applied to Saab classical Gripen fighter jets brand. The question is how much can NEVS put in to build a new brand from the remnants of Saab.