Scandinavian Companies and Market News - headlines- uptill august

Talk of the day - Olympics

Sweden finally won 8 medals in London beating the 6 expected
The Olympic games ended last night and there is not much talk about its effects on Sweden. That not much is being talked as to how the who experience has affected the country's gaming and sporting arena.
Sweden went in hoping to win 6 medals but it ended up with 8. That was impressive but though it won only one gold instead of the expected at least two.

Sweden was expected to be behind Norway who pitted to collect 10 medals but ended up with 4 - 2 gold, a silver and a bronze. On the whole the Scandinavia countries performed as follows

Country	Gold	Silver	Bronz	Total
Sweden	1	4	3	8
Denmark	2	4	3	9
Finland	0	1	2	3
Norway	2	1	1	4

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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.

Job market sensitisation from the Swedish employment agency

Friday, 24 August 2012
The Swedish employment service is carrying out sensitisation of unemployed person with background other than Swedish or European.

Swedish fashion doing well - export record high

Friday, 24 August 2012

Swedish fashion is doing well abroad as export in the sector grew beyond expectation.

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

Thursday, 23 August 2012 Sony-head-office

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.

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.

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.

Profit shortfall for BJ�RN BORG

Wednesday, 22 August 2012
Clothing Company Bj�rn 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.

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

Monday, 20 August 2012

Swedish insurance group, L�nsf�rs�kringar 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.

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 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.

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.

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

Ikea branches into discount hotel sector as means to seek proper returns on its huge cash

Wednesday, 15 August 2012

Inter Ikea, which owns the name and rights of the Ikea brand is reported to be seeking new ways to invest its gigantic cash into other sectors.

Weak July month for Volvo Cars as sales struggle

Wednesday, 15 August 2012

Volvo Cars continues to struggle with a weal market falling sharply in China which is supposed to be it new fastest growing market.

Telecom giant, TeliaSonera subsidiary in Tadzhikistan accused of censorship

Tuesday, 14 August 2012

The Swedish - Finnish telecom giant TeliaSonera is again under fire. Their subsidiaries in Tadzhikistan (Tajikistan) is reported to have participated in a censorship by blocking news portals on behalf of the regime in the country.

Atlas Copco reorganizes roller manufacturing in Sweden

150 jobs to go from Scan as it intensifies its restructuring efforts

Friday, 10 August 2012
Meat company Scan to cut its workforce by 150 people in Sweden. This despite the fact that Swedes eat more meat.

The Swedish gaming company behind "Minecraft" generates record profits

Thursday, 09 August 2012

The Swedish computer game "Minecraft" create record profits for the company behind the game - Mojang.

Ikea's brand worth Skr75 billion a new assessment show but that is change money compared to Apple

Thursday, 09 August 2012

Despite the sale of Ikea's subsidiary, the Ikea brand is still worth Skr 75 billion, which is loose change compared to Apple.

Bankruptcies increasing in Sweden once again

Tuesday, 07 August 2012

After a spat of good economic news from the Swedish macro economic scene last week with a GDP growth of 2.3 percent, it turns out that the micro sector is not doing well. The number of business bankruptcies are growing and latest data point to some 472 companies which went bust only in July, representing an increase of 15 percent compared to 2011.

Profit Boost for Danske Bank

Tuesday, 07 August 2012

Danish giant bank, Danske Bank, made a profit before tax of Dkr2.51 billion for the second quarter of this year.

More Swedish people would prefer to take early retirement

Friday, 03 August 2012

Although the consensus in various policy places hold that it is important that people work longer these days, in Sweden, a record high percentage of the country's 61-year-olds want to hop out of the work place right now.

Indebted Food Company, Findus ever-nearer bankruptcy - press reports

Thursday, 02 August 2012
it is a household name in the Swedish food sector but it does not seem to be selling as expected. As a result, large debt and weak revenues is pressing the food company Findus and thus pushing it to the rear.

More new businesses were crated in Sweden in July

Thursday, 02 August 2012
For the first time in almost a year, there was an increase in the number of new businesses created in Sweden.

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.

Vattenfall return to profit

Tuesday, 31 July 2012

The Swedish state energy group, Vattenfall reports a net profit of Skr877 million for the second quarter. The corresponding period last year, they reported a loss of Skr3.235 million.

Astra Zenca suffer from profits drought

Thursday, 26 July 2012

The Swedish - British pharmaceutical company AstraZeneca reported earnings per share for the core (Core) at $ 1.53 in the second quarter of 2012 (1.73), as shown on its interim report.

A Swedish official at the Royal bank of Scotland sued the bank for wrongful termination - but that may turn to hurt him

AB Volvo presents a better than expected result for the second quarter

Tuesday, 24 July 2012

Heavy duty vehicle manufacturer, AB Volvo reports a profit before tax of Skr6.764 million for the second quarter of 2012. This was better than expected.

Another listed firm in Sweden goes bankrupt as the economic crisis keeps biting

Mercedes to start production of the A -Class models in Finland

How clothing giants and H&M plan to manage VAT hike

Monday, 23 July 2012

Swedish clothing giant, H&M says it does not plan to increase clothes prices in Spain despite the government's decision to increase VAT to 21 percent from 18 percent.

SKF sued in the USA for cartel formation - reports

Scania reports profits, which is being described as greater than expected

Friday, 20 July 2012

Bus and truck manufacturer Scania reported a profit before tax of Skr1.88 million in the second quarter described by various analysts houses as impressive.

Electrolux impressive with larger than expected quarterly report

Thursday, 19 July 2012

Swedish white good company, Electrolux has been getting praises here and there for reporting an impressive quarterly profit far exceeding expectations for the second quarter.

Swedish government to boost defense spending by buying between 40 and 60 new Jas Gripen jet fighters

Saturday, 25 August 2012 Saab-gripen

Sweden is to buy between 40 and 60 of the next generation JAS Gripen fighter jets. The government believe that it would be cost effective to produce given their recent co-operation intent with Switzerland than to buy a foreign produced one.

Spectacular fall in the price of Iron Ore

Saturday, 25 August 2012
The price of iron ore has fallen sharply and is now below $100 per tonne.

Hundreds match in Forserum in support of Somalis as some authorities see racism a factor chasing the Somalis out of town

Friday, 24 August 2012

Img, Svt
Just as the Norwegian mass murderer, Anders Behring Breivik was being led to his permanent prison cell home for the next 21 years, at least, for his racist costly job, about 500 people came on to the town of Forserum on Friday evening (pictured above) to show their support for Somalis in the community.

Norwegian mass Murderer, Breivik, found healthy - sentenced to at least 21 years prison

Friday, 24 August 2012

After 10 weeks of trial, today, the verdict against mass murderer, Anders Behring Breivik in being dished out. As such just as the first trial day in April, the world's eyes are now directed towards Oslo.

How expensive is Prisoner Anders Behring Breivik? - He'll cost as much as 15 prisoners a year with his current sentence

Friday, 24 August 2012

Anders Behring Breivik has been the most expensive remand prisoner in Norway ever. Now that he has been sentenced to at least 21 years, he will continue to cost the Norwegian tax payers millions every single year.

Language barrier is a natural bulwark against Southern Europeans getting a job in Finland

Dangerous tattoo ink common place in Finland

Fredrik Ljungberg hangs his football boots after a long and successful career

Friday, 24 August 2012
One of the Swedish football's greatest stars, Fredrik Ljungberg, has decided to keep his football boots on the shelf as he decided to stop playin

Norwegian police found several million of stolen money in the forest

Thursday, 23 August 2012

Norwegian police have found a huge money haul in a Norwegian forest, described as "Unusual Event" in south-eastern Norway.

Acute shortage of student housing in Sweden

Thursday, 23 August 2012

A situation that has been described as worse that ever is happening in the Swedish student housing sector. There is intense shortages of student housing such that some expert are question Sweden's readiness for the future if there could be no chance of properly training future leaders.

Alarming increase of sexually transmitted diseases in Sweden

Thursday, 23 August 2012
Concerns about the spread of sexually transmitted diseases caused by unprotected sex has led to an can lead to unpleasant surprises in Sweden.

How bright are Swedish high school students? - Scores of Swedish high school student believe that cancer is contagious

Wednesday, 22 August 2012

Well - its out there - nearly half of high school students in V�stra G�taland and Sk�ne in Sweden, believe that cancer is contagious. This is blow to Sweden which position itself as one f the leaders in developed world in providing basic knowledge especially in relation to healthy living and improved quality of life.

Growing threat against the Somali community as increased abuse and attacks by youth gangs strikes fear in the Somali community in a Swedish locality

Wednesday, 22 August 2012

Somalis are not a set of people having it great in Sweden. Okay, they are given shelter and various forms of financial handouts as well as what one can call education but they are most often shunned in the Swedish society. Today they are being attached in a swedish town as such they care calling for their community members to leave town.
Abdula Abdi Dhinbil says its hard to stay / img/ SVT

Switzerland poised to go ahead with the Swedish Gripen deal

Tuesday, 21 August 2012

Switzerland looks set to go ahead with the plan to buy 22 Swedish JAS Gripen jet fighters, despite a highly critical parliamentary report published on Tuesday.

Swedish defence considering developing drone-like fighter jets but there are limitations

Denmark appoints new Governor of their central bank

Tuesday, 21 August 2012

Lars Rohde (pictures) is the new director of the Danish central Bank, according to a Danish statement from the Prime Minister. He replaces Nils Bernstein who reaches the bank's age upper retirement limit next yea

Social Democrat leader, Stefan L�fven, points to Segregation being one of the biggest challenges facing Sweden

Tuesday, 21 August 2012

Segregation in Stockholm is one of the biggest challenges facing the town and it reflect what happens in Sweden, according to the leader of Sweden's Social Democratic party, Stefan L�fven, in a latest interview.

Swedish private sector expands employment - increased 2.0 percent

Museum stops art work from Lars Vilks for fear of re-inviting past bad scenes

Tuesday, 21 August 2012
Jamtli, county museum in Ostersund, has decided to cancel a work by Lars Vilks, the man who happens to have stirred up anti Muslim sentiments in the Scandinavia.

How the global and Swedish economy, and crisis management determines growth prospects

Tuesday, 21 August 2012

The world economy has since its April forecast was characterized by weaker activity, while the crisis in the euro area continues to cause concern. This is the view of the Swedish bank, Swedbank in its latest analysis about world and Swedish economic development andoutlook

Danish hospitals vandalized as scores of vandals invade to get a man seeking emergency treatment

Tuesday, 21 August 2012
Between 60 and 70 men, some equipped with clubs and other weapons, stormed on Tuesday night in the University Hospital of Odense, Denmark.

How costly are rental apartments in Sweden and where are they more expensive?

Monday, 20 August 2012

The forces on free market and economic have come together to play in the Swedish real estate market such that whether a house is in the rental or sales sector of the market, some very interesting lesson could be learnt by buyers and those who want to rent.

Finland preparing for the collapse of the Euro single currency Euro

Friday, 17 August 2012
Finnish Foreign Minister, Erkki Tuomioja in a British newspaper interview yesterday said that Finland is preparing for the break-up of the eurozone.

Swedish big cities shed more jobs though Stockholm remain strong

Friday, 17 August 2012

Swedish unemployment specifically among those in the workforce was 4.6 percent in July, compared with 4.4 percent the previous month. In July 2011, that level of unemployment was 4.2 percent.

Fewer unemployed in Sweden but more on sick leave

Julien assange has now been granted political assylum

Thursday, 16 August 2012

The BBC has now confirmed that Ecuador has granted Julian Assange asylum. This was announced by the Ecuadorian Foreign Minister, Ricardo Pati�o from Quito on Thursday. Whether he can actually get there remains to be seen. Between him and South America are the London police seeking him for jumping bail. This is Sweden's last hope to answer to the master, USA - to deliver Mr. Assange.

Swedish foreign office is now weighing in against Ecuador

A shame to the Swedish legal system which exposes Swedish hypocrisy.

Thursday, 16 August 2012
Sweden has intervene in various countries of the world to protect people from abuse and has granted political asylum to people running away from prosecution. This means that Sweden should have a trusted legal system and should not be under any pressure from places such as the USA.

Record number of Danish students going through China in order to get a better career

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.

Julien Assange could be granted asylum in Ecuador - a blow to the Swedish legal system?

Wednesday, 15 August 2012

It is now clear that Mr. Assange will be granted asylum in Ecuador thereby escaping the Swedish request for him to come and be prosecuted for rape. Why this sudden fear of the Swedish legal system, claimed to be one of the best in the world and its independent integrity?

Swedish population more than 9.5 million inhabitants Wednesday, 15 August 2012
The population statistics for the first half of 2012 show a continued stable population growth.

Swedish manufacturing jobs threaten by constricted euro economic growth and strengthening Krona over the Euro and dollar

Wednesday, 15 August 2012
The Swedish export companies are having a sweaty period as the Swedish krona continues to strengthen against the euro and the dollar such that it is estimated that 75 000 jobs in Sweden could be affected

Norwegian Newspaper calls for the Premier, Stoltenberg to resign

Tuesday, 14 August 2012

Img/VG
Backed by a report from a 22 July Commission which ended with a damning report about the Norwegian government in relation to the bombing of the Government buildings and the killings of youths on the Norwegian island of Utoya, the paper has now called on the premier Stoltenberg (pictured above) to resign.

Sweden's government Research foundation burnt tax payers money in massive celebrations while researchers beg for funding

Tuesday, 14 August 2012

The Swedish Foundation for Strategic Research is reported to have spent millions in recent years partying and paying for it with up to several million of Krona, money intended for research. This comes after another organisation the Swedish Growth Board or Tillv�xtverket, was also reported to have spent lots of monet at its disposal for individual enjoyment.

Finnish economy shrinks but inflationary rise is worrisome

Tuesday, 14 August 2012

Finland's GDP shrank by 1 percent in the second quarter compared with the previous quarter, according to seasonally adjusted figures from the country's statistics bureau.

Swedish Inflation continues to fall and reaching central bank's expectation

Tuesday, 14 August 2012
The Swedish Consumer Price Index (CPI) decreased by 0.4 percent from June to July 2012 (unchanged from June to July 2011).

Fall in new orders for Swedish industries as uncertainty persists

The sale of risky painkillers continues to grow in Sweden

Tuesday, 14 August 2012

Drugs that have been either recalled of banned from the Swedish medicine shops have been found to be on sale - with their sales increasing faster that expected.

Swedish defence Minister backs off and call the Saudi regime a "Dictatorship"

Monday, 13 August 2012

The Swedish Defense, Minister Karin Enstrom is a woman and now feels that feels that Saudi Arabia is certainly a dictatorship.

Swedish unemployment continues to rise

Monday, 13 August 2012
Unemployment in Sweden continues to rise with latest data from the Employment Service, showing that the number of workforce that has become unemployed increased by 1274 persons in week 32 compared with the previous week.

Clashes in Swedish central bank as governors point fingers at each other over wrong policies

Friday, 10 August 2012
There is an underground Volcano in the Swedish central, the Riksbank, as the policy directors there pointing accusing fingers at each other over wrong policies the bank has been pursuing.

United States backs Sweden over its dispute with Belarus

Thursday, 09 August 2012

Swedish Foreign Minister Carl Bildt.
The United States has back Sweden over Swedish stance against human rights abuses with the in Belarus. The US is itself also worried about the developments in that country in relations to the right of the people to freely express themselves

Swedish business leaders weary of the Social Democrat leadership's future economic plan

Persistent background tension between Sweden and Belarus culminate with ambassadorial expulsion

Swedish women getting more violent as they step up assaults against their spouses

Thursday, 09 August 2012
Gone are the days in Sweden where women begged to be recognise. Today they are more powerful and not only holding important positions in the jobs places but also getting very strong physically.

Belarus closes embassy in Sweden as diplomatic quagmire between the two countries intensify

Wednesday, 08 August 2012

The building which houses the Belarusian embassy in Liding� in Stockholm, Img, SVT
The diplomatic crisis between Sweden and Belarus has intensified and the result is the closure of the Belrusian Embassy in Stockholm.

Suspicion of Rwandan involvement in insurgency in the Congo means Swedish economic aid to the country is stopped

Wednesday, 08 August 2012
Sweden says it will stop payments of economic aid to Rwanda because of allegations that Rwanda is involved in the ongoing insurgency in eastern Congo.

Be weary of some scientific research results as renowned Danish University brain scientist suspected of fake research

Wednesday, 08 August 2012

Fake scientist or just errors - Milena Penkowa (dr.dk)
There has emerged a scandal at the University of Copenhagen, in Denmark as a Danish brain scientist, Milena Penkowa identified as a future Nobel Prize winner and who has received millions of research prize money seems to have had a research based on deliberate fraud, an expert panel indict

Putting more money in their pockets as Seven billion krona into the pockets of the Swedes

Tuesday, 07 August 2012

Nearly a million Swedish people will have a share nearly Skr 7 billion, reward for over paying their taxes during the last financial year. Therefore, starting tomorrow, Wednesday, the tax refund for those employees who declared on paper will go back into their pockets.

Deficits in Swedish government payments

Spyker sues GM for over Skr20 billion

Monday, 06 August 2012
Saab Automobile's former holding company Spyker is reported to have sued the American production line at General Motors of $3 billion, corresponding to Skr 20.2 billion.

Finland economy could hit recession next year if the current constricted grip remains

Monday, 06 August 2012

Finnish Finance Minister Jutta Urpilainen warn that the country could fall into a recession next year if the economic downturn in the world remains.

Swedish GDP likely to be revised down

Monday, 06 August 2012
Swedish GDP growth took every one by surprise and up till now there are still doubts around as to if the GDP figures are for real.

Swedish Service Production Index increased by 1.1 percent

Swedish restaurant sales up in June

Fall in Swedish used car sales in July

Fall in prices of crude oil

Lack of enough sleep blamed for increased weight around the stomach - Swedish research

Monday, 06 August 2012
The idea that limited sleep affect the health of humanity is not new and the relationship between lack of enough sleep and obesity has been documented in the past.

4.4 magnitude earthquake in Sweden

Monday, 06 August 2012

An earthquake in the sea between Sweden and Denmark brought people in southwest Sweden to an early wake up this morning. The quake, with magnitude 4.4, was centred around Halmstad.

Swedish people throw away food worth billion each year

Friday, 03 August 2012

Swedish people - that is, specifically household throw away tons of uneaten food every year challenging our persisted moan this network that food is very expensive in Sweden

Extreme weather and pressures means food price hikes on the way - experts warn

Fears of growing jobs losses in Sweden in the coming months as economic growth persistently fail to translate to job growth

Saturday, 04 August 2012

As the Swedish economy continues to post higher than expected economic growth, it also shows a growing phenomenon of joblessness growth. There is fear that more people will loss their jobs in the coming months as notices for redundancy shoot up.

Increase Social benefit claim in Sweden