United Kingdom

Anna Ringstrom

Big products, big challenge: IKEA brand owner invests in logistics

08 Nov 2019

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.

Re-sale market drives hype around H&M designer collaborations

07 Nov 2019

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.

Trio of buyers rescues Thomas Cook's Nordic business

30 Oct 2019

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.

Husqvarna swings to a lower profit than expected in third quarter

22 Oct 2019

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.

Vattenfall wins electric vehicle charging stations order from Norway's Tine

06 Oct 2019

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.

H&M shares surge after first quarterly profit rise in two years

03 Oct 2019

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

IKEA reports record sales as online revenue surges

25 Sep 2019

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.

Iranian maritime official says UK tanker Stena Impero to be released soon - Fars news

22 Sep 2019

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.

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