STOCKHOLM The owner of the IKEA furniture brand expects sales to grow this fiscal year as online trade expands, but profits will be tempered by increased investment as the brand battles web specialists like Amazon and Made.com.
MADRID/STOCKHOLM As fast-fashion giant H&M pushes more designer tie-ups, some consumers are eschewing the long lines outside stores to buy the looks in the fast-growing resale market.
STOCKHOLM/COPENHAGEN Norwegian property tycoon Petter Stordalen and private equity firms Altor and TDR Capital have agreed to buy the Nordic business of collapsed British travel company Thomas Cook.
STOCKHOLM Husqvarna , the world's biggest maker of gardening power tools, posted a smaller than expected third-quarter operating profit and said weakened demand in North America had hit sales.
STOCKHOLM Swedish power group Vattenfall has won an order from Norway's biggest dairy group Tine SA to run 200 charging stations for employees' and customers' electric vehicles.
STOCKHOLM Sweden's H&M posted its first rise in quarterly pretax profit in more than two years on Thursday as the world's second-biggest fashion retailer said its drive to meet rapid changes in the market were on track. | Video
STOCKHOLM IKEA reported annual sales above 40 billion euros ($44 billion) for the first time on Wednesday as the Swedish furniture group's push into e-commerce produced another surge in online revenue.
STOCKHOLM Stena Impero, the British-flagged tanker detained by Iran on July 19, will be released soon, an Iranian maritime official said on Sunday, according to the semi-official Fars news agency.