Edition:
United Kingdom

Anna Ringstrom

Lower European tissue prices to squeeze Essity's profit

22 Jan 2020

STOCKHOLM Leading office tissue paper supplier Essity said easing pulp prices meant it had to cut the cost of some products, hitting first-quarter earnings, after it reported a jump in fourth-quarter profit on Wednesday.

UPDATE 1-H&M to enter Panama in late 2020

17 Jan 2020

* H&M seen returning to profit growth in 2020 (Adds company comment, background)

H&M-backed startup puts bacteria to work in green dyeing process

27 Nov 2019

STOCKHOLM/NORWICH, Britain A British biotech startup is developing a method of textile dyeing that taps into the bright colours of birds and butterflies and has micro-organisms recreate them on fabric, slashing the use of water and heavy chemicals in the process. | Video

IKEA to invest 200 million euros in race to turn 'climate positive'

27 Nov 2019

STOCKHOLM IKEA, the world's biggest furniture group, said on Wednesday it would spend around 100 million euros (£86 million) to support direct suppliers as they switch over to renewable energy use.

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.

World News

China virus death toll mounts to 25, infections spread

A new coronavirus has killed 25 people in China and infected more than 800, the government said on Friday, as the World Health Organisation declared it an emergency but stopped short of declaring the epidemic of international concern.