Sweden's Volvo posted a smaller-than-expected fall in first-quarter pretax profit on Friday, weathering a U.S. slowdown, and raised its outlook for its key European truck market.
Wireless equipment maker Ericsson said Thursday its net profit grew 27% during the first quarter, boosted by stronger sales in western Europe and Asia.
Swedish household appliance maker Electrolux said Thursday its net profit for the first quarter more than doubled from last year, when results were weighed down by the closing of a plant in Germany.
Global fashion chain Hennes & Mauritz sees room to boost its efficiency and is likely to maintain the gross profit margin achieved in its last quarter, its chief executive said on Wednesday.
Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.
Here some of Thurday's big movers on European stock markets: Altadis, Imperial Tobacco, Pirelli, Cap Gemini, Swedish Match, Omega Pharma and AstraZeneca.
AOL Wednesday withdrew an estimated $900 million cash offer for Swedish online marketerTradeDoubler after failing to gain the approval of 90% of shareholders.
Here some of Wednesday's big movers on European stock markets: Kingfisher, Carrefour, J. Sainsbury, HBOS, RBS, Deutsche Bank, SEB, Skanska and Holcim.
Swedish hygiene and paper product maker SCA said on Monday it had signed a deal to buy all of Procter & Gamble's European tissue operations for 512 million euros ($672 million) in cash.
Volkswagen said Wednesday it has increased its holdings in Swedish truckmaker Scania to more than 35% of the voting rights, in an attempt to pave the way for a friendly alliance with German rival MAN.
Bacardi wants to buy Absolut vodka maker Vin & Sprit and has written to the Swedish government to express its interest, the private drinks company's chief executive told the Financial Times.
Sweden's Electrolux, one of the world's top household appliance makers, said Wednesday it had swung to a fourth-quarter net profit from a previous loss, thanks to higher income in all its units, with particularly strong performance in Europe.
Sweden's unemployment rate rose to 4.6% in December, the national statistics agency reported Thursday.
AOL, the Internet division of Time Warner, said on Monday it was to buy Swedish online marketing group TradeDoubler for around $900 million as it seeks to expand its Internet advertising business.
Swedish truck maker Scania -- subject to a hostile takeover offer by German rival MAN --_ will report its full-year results earlier than planned in a move to give shareholders more information on its finances, company officials said Friday.