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United Kingdom

Anna Ringstrom

IKEA investment arm in talks to buy city-centre retail property in big European cities

25 Nov 2020

STOCKHOLM IKEA's Ingka Investments is in talks to buy commercial property in prime locations in several big European cities after it finalised its first-ever such acquisition last month, its managing director said.

Main IKEA retailer's full-year profits drop, eyes recovery this year

24 Nov 2020

STOCKHOLM IKEA stores owner Ingka Group saw a 29% fall in operating profit in the year to end-August due to the COVID-19 pandemic, but predicts a recovery this year as temporarily housebound consumers spend more on home improvements.

IKEA owner readies for second wave after stay-at-home shoppers boost profits

03 Nov 2020

STOCKHOLM Profits at the IKEA furniture brand's owner grew in the 12 months through August as shoppers kept at home by the pandemic spent money saved by not going on holiday on furnishing, and September and October sales rose.

IKEA opens pilot second-hand store in Sweden

02 Nov 2020

STOCKHOLM IKEA, the world's biggest furniture retailer, will on Monday open a pilot second-hand store for IKEA furniture in Sweden as part of its efforts to reach its 2030 climate targets. | Video

IKEA's malls arm says expansion plans intact as customers return post-lockdown

28 Oct 2020

STOCKHOLM IKEA's shopping malls business, one of the world's biggest, said its expansion plans remained on track with visitors quickly returning to its premises after the lifting of coronavirus-related lockdowns which had forced stores to close.

UPDATE 4-Tissue maker Essity suffers as many people stay at home

22 Oct 2020

* To invest 2.6 bln SEK in new digital platform (Adds CEO comment, updates shares)

Assa Abloy circles back to pre-pandemic dividend proposal as profits recover

21 Oct 2020

STOCKHOLM Profits at Assa Abloy, the world's biggest lockmaker, fell less than expected in the third quarter due to a strong recovery across divisions and especially in Europe, from the pandemic-induced slump earlier in the year.

UPDATE 4-Gardening toolmaker Husqvarna profit jumps on stay-at-home trend but jobs to go

20 Oct 2020

* Pandemic, good weather extends gardening season through August

American Louise Gluck wins Nobel Prize for Literature

09 Oct 2020

STOCKHOLM American poet Louise Gluck won the 2020 Nobel Prize in Literature for works exploring family and childhood in an "unmistakable...voice that with austere beauty makes individual existence universal", the Swedish Academy said on Thursday. | Video

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