The Ukrainian rebels are already equipped with modernized weaponry but the sale of military equipment to Russia is difficult to justify, says Carl Bildt, Swedish foreign minister.» Read More
Sweden's Handelsbanken said on Monday it had decided to close down its proprietary trading in foreign exchange and fixed income in New York and sold off a large part of its exposure to U.S. asset-backed securities.
Swedish fashion company Hennes & Mauritz bucked a gloomy economic backdrop and boosted its shares with a near 20 percent jump in first-quarter profit, above forecasts and fired by strong February sales.
Swedish fashion giant Hennes & Mauritz reported on Friday a 3 percent rise in January sales at stores open more than a year, lagging market expectations.
TeliaSonera reported unexpectedly weak earnings on Friday and said it planned to cut 2,900 Nordic staff as part of an efficiency drive to reach a promised 5 billion Swedish crown ($775 million) savings target.
Electrolux, the world's second-biggest home appliances maker, reported quarterly earnings above market expectations on Wednesday and forecast 2008 core income in line with 2007, sending its shares up.
World number-two truck maker Volvo posted a smaller-than-expected rise in fourth-quarter pretax profit on Wednesday, hitting its shares, but said itstill saw firm growth in its key European market.
Ericsson reported a lower-than-expected quarterly profit Friday, sending its shares 2.7 percent down, while company CEO Carl-Henric Svanberg told "Power Lunch Europe" the outlook for the year ahead is largely flat.
Swedish clothing giant Hennes & Mauritz posted fourth-quarter pretax profit short of analysts' expectations on Thursday and said its December sales in stores open more than a year fell 1 percent.
Swedish fashion chain Hennes & Mauritz said on Monday its sales rose 14 percent in November year-on-year, lower than expected by analysts, but aided by a collection from Italian designer Roberto Cavalli.
AstraZeneca said on Friday that U.S. health regulators had approved Seroquel XR, an extended-release version of one of its top-selling drugs, as a maintenance treatment for adult schizophrenia patients.
AstraZeneca has won U.S. approval to market its cholesterol-lowering drug Crestor to treat the clogging of arteries, which may boost sales of the blockbuster drug in an increasingly competitive market.
AstraZeneca profits fell 14 percent in the third quarter, hit by competition from cheap generics plus acquisition and restructuring charges, the Anglo-Swedish drugmaker said on Thursday.
Nordic stock exchange operator OMX said Wednesday its earnings rose 30 percent on growing trade revenue in the third quarter despite the uncertainty about the company's future ownership.
Sweden's Volvo posted a smaller-than-expected rise in quarterly pretax earnings on Wednesday, but was upbeat on demand in Europe while remaining confident about a recovery in the troubled U.S. market.
Electrolux reported third-quarter core earnings below market expectations on Monday and said uncertainty had increased over whether it would meet its outlook of somewhat higher full-year earnings.
Defense and aerospace group Saab on Friday posted third-quarter pretax earnings short of forecasts and said it expected overall 2007 growth would be in line with last year.
Shares in telecommunications equipment maker Ericsson lost nearly a quarter of their value Tuesday, after the company issued a drastic profit warning, saying third-quarter earnings would be well below expectations.
Hennes & Mauritz beat expectations with a 25% year-on-year rise in September sales, its second-strongest figure in five years, signaling a buoyant reception for its winter fashions and online shops.
Investor, the investment group controlled by Sweden's Wallenberg family, said Thursday it swung to a loss in the third quarter and cited the recent market turbulence and credit crisis stemming from the U.S. subprime lending morass.
Swedish fashion giant Hennes & Mauritz posted below-consensus third-quarter pretax profit on Wednesday due to weaker revenues than expected, but the company said sales in the fourth quarter had developed well.