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Swedish biggest real estate site Hemnet sees a possible mass exit as competitor put stronger and attractive bids

Tuesday, 30 April 2013
When the Swedish biggest real estate site, Hemnet announced that it was to start charging listing fees, it was felt that the business will suffer. That has now emerged as a reality.

New number of shares in Handelsbanken

Tuesday, 30 April 2013
Due to an exchange of convertible notes in Svenska Handelsbanken AB, announced today that the number of Class A shares has increased by 442 503 shares and the number of votes has increased by 442 503.

Nordea sold new savings products which had expected negative returns

Monday, 29 April 2013
Evidence that banks help destroy lives became known when Norwegian media reports hold that Nordic region's largest bank, Nordea sold services and products that had no returns. That means these products have a greeter chance of loosing the investors money that making them money.

Saab factory in China for the Chinese market will be operational within three to five years

Friday, 26 April 2013
After buying the bankrupt Saab automobile foundation, there has been ground works to launch its operations  here in Sweden and in China. For the China market, it emerged today that within three to five years, Saab cars designed for the Chinese market will be built in the Chinese city of Qingdao.

Telenor Reports increased profits for the first quarter

Friday, 26 April 2013
The Norwegian telecoms operator Telenor 's underlying EBITDA earnings for the first quarter of 2013 was Nkr8.423 million against Nkr 7761 million same times last year in the first quarter of 2013.

Norwegian oil fund now second biggest owner of Volvo Sweden

Thursday, 25 April 2013
Despite reporting a disappointing result, its stock price continues to rise. Why? Because besides the growing order recorded in the order books, the Norwegian oil fund is increasing its ownership in the company.

Volvo to layoff some 500 workers in UmeŚ

Thursday, 25 April 2013
The Swedish the truck maker Volvo is to get ride of some 500 employees in its UmeŚ operation if parts of the cab production moves to another plan in Tuve, near Gothenburg. The decision will be made after the summer.

H&M’s charitable foundation receives donation from Stefan Persson family

Thursday, 25 April 2013
The Stefan Persson family is donating Skr 500 million to H&M’s charitable foundation, the H&M Conscious Foundation. This significant contribution will enable the foundation to make a big difference for people and communities in the countries where H&M operates.

Volvo Group Posts disappointing fort quarter report

Thursday, 25 April 2013
Swedish automaker Volvo Group reported first-quarter 2013 loss attributable to equity holders of the parent compny of Skr304 million , or 0.15 kronor per share, as against a profit of Skr4.05, or 1.99 kronor per share, last year.

Nokia launches budget QWERTY keypad phone

Wednesday, 24 April 2013
Nokia launched a new set of phones, the Asha 210 on Wednesday which features a standard QWERTY keypad and what the company says is the first-ever shortcut key to the networking and messaging application WhatsApp.

Nordic banking giant Nordea reports above expected profits

Wednesday, 24 April 2013
Nordic regions' biggest bank Nordea AB, on Wednesday reported a consensus-beating rise in first-quarter net profit, blamed on narrowing loan losses. The bank said it expects credit quality to improve further in the current year.

Ericsson reports worse than expected 1st quarter of 2013

Wednesday, 24 April 2013
Ericsson reported a pre-tax profit of Skr2.1 billion for the first quarter of this year. It's a real fall when compared to the same period last year and worse than expected.

Scania lighten up the Stockholm bourse, as light in the European tunnel becomes the truck maker into posting better numbers.

Tuesday, 23 April 2013
Downward pressure on trucks in Europe is still strong and Scania CEO Martin Lundstedt is ducking the question whether the company will make money here.

Swedbank also beat s expectation in its interim reports

Tuesday, 23 April 2013
The other Swedish giant bank, Swedbank on Tuesday morning, also reported a quarterly report that showed an operating profit of Skr4.9 billion, slightly above market expectations.

Swedish banks SEB present interim reports that met expectation.

Tuesday, 23 April 2013
Swedish big bank, SEB successfully provided interim first quarter report that met expectations. According to the Tuesday report, key interest income was largely as expected and emerged one of the leading sources of money for the banks.

How the decennial insurance sector in Sweden became the silent most profitable industry in Sweden

22 April 2013
In Sweden, the decennial insurance is quite popular within the building industry because by law all property builders and owner must take one. The nature of the industry has also been set up in such a way that only two big companies dominate the sector. With such monopoly power, profit maximisation and very little leakages make this the most profitable industry in Sweden.

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