Edition:
United Kingdom

Johannes Hellstrom

UPDATE 2-Sweden's Sandvik poaches new CEO from lockmaker Assa Abloy

25 Oct 2019

STOCKHOLM, Oct 25 Swedish metal-cutting tools and mining gear maker Sandvik has named Assa Abloy's Stefan Widing to take over as CEO when Bjorn Rosengren leaves for Swiss robotics company ABB.

Demand from chipmakers boosts Atlas Copco third-quarter results, shares surge

21 Oct 2019

STOCKHOLM Swedish engineering firm Atlas Copco reported forecast-beating third-quarter earnings and order bookings on Monday on the back of strong demand from chipmakers, sending its shares sharply higher.

AB Volvo warns of demand slump as truck orders plunge

18 Oct 2019

STOCKHOLM Swedish truckmaker AB Volvo reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings.

Ericsson earnings top forecast as 5G takes off

17 Oct 2019

STOCKHOLM Telecoms equipment maker Ericsson beat quarterly earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off more quickly than expected. | Video

Ericsson expects to take $1.2 billion hit to settle U.S. probes

26 Sep 2019

STOCKHOLM Mobile telecoms gear maker Ericsson will take a 12 billion crown ($1.2 billion) hit to third-quarter results from long-running U.S. investigations into past corruption allegations, it said on Thursday.

Haldex welcomes ZF stake sale, urges Knorr-Bremse to follow

20 Sep 2019

FRANKFURT/STOCKHOLM Swedish brake systems firm Haldex welcomed the sale of a 20% stake in the company by German car parts maker ZF Friedrichshafen [ZFF.UL] and urged its second-largest investor Knorr-Bremse to do the same.

Sweden's SKF to shift automation into higher gear as markets flag

19 Sep 2019

GOTHENBURG Swedish engineering company SKF aims to use a demand slowdown to its advantage, its chief executive said, stepping up an automation program that has already sent capital expenditure soaring.

Nordea names former Handelsbanken boss as new CEO

05 Sep 2019

STOCKHOLM/HELSINKI Finland's Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region's biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.

Swedish buyout firm EQT launches IPO to aid global growth

02 Sep 2019

STOCKHOLM/LONDON Sweden's EQT Partners confirmed plans to list in Stockholm on Monday as the private equity firm, one of Europe's biggest, seeks to expand and lock horns with larger global competitors.

Swedbank names frontrunner Henriksson new CEO in bid to rebuild trust

29 Aug 2019

STOCKHOLM Swedbank has named Jens Henriksson, the head of insurer Folksam as chief executive officer, as the lender tries to rebuild confidence after a money-laundering scandal.

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