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.
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.
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.
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
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.
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.
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.
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.
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.
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.