United Kingdom

Colm Fulton

Swedish, Estonian regulators advance Swedbank probe

29 Oct 2019

STOCKHOLM Swedish and Estonian financial regulators have taken their investigations into Swedbank over anti-money laundering controls at its Baltic operations to the next level, they said on Tuesday, marking a formal step in the process that could lead to a financial penalty.

Swedish Match profits boosted by sales of tobacco-free pouches

25 Oct 2019

STOCKHOLM Tobacco group Swedish Match on Friday reported a bigger-than-expected rise in third-quarter operating profit, helped by strong sales growth of its tobacco-free nicotine pouches in the United States.

Sweden's Handelsbanken to cut 800 jobs, pull out of Asia and Germany

23 Oct 2019

STOCKHOLM Handelsbanken said on Wednesday it would cut 800 jobs and pull out of Asia and Germany as it seeks to cut costs after restructuring charges dragged down the Swedish bank's third-quarter earnings.

Getinge shares jump as restructuring push brings results

18 Oct 2019

STOCKHOLM Getinge beat third-quarter core profit expectations, sending shares in the Swedish medical technology group up 16% early Friday. Profit before interest, tax, amortization and items affecting comparability was 677 million Swedish crowns ($70 million), up from 438 million a year earlier, the company said in a statement.

Nordic banks agree to fund common payment service

10 Oct 2019

STOCKHOLM Six of the Nordic region's biggest banks have agreed to invest in pan-Nordic instant payment system P27, aiming to integrate payment services in the region into a single platform to help boost business.

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