Edition:
United Kingdom

Olof Swahnberg

Fingerprint Cards suffers as smartphone users delay upgrades

15 Feb 2019

STOCKHOLM Swedish biometrics firm Fingerprint Cards (FPC) plunged to an unexpected fourth quarter loss and warned of a hit to sales this quarter as smartphone users hold onto their handsets for longer.

Spotify posts first ever operating profit, but cautious outlook for 2019

06 Feb 2019

Spotify posted its first ever quarterly operating profit on Wednesday driven by a strong gross margin and slower-than-expected headcount growth, but it warned of a loss in 2019 and issued modest forecasts which disappointed investors. | Video

Ericsson beats fourth-quarter forecasts on cost cuts and U.S. demand

25 Jan 2019

STOCKHOLM Ericsson beat fourth-quarter sales and profit margin forecasts on Friday, helped by costs cuts and better than expected demand from U.S. mobile operators for fifth-generation (5G) telecoms equipment.

Ericsson books charge as it rethinks Digital Services strategy

10 Jan 2019

STOCKHOLM Sweden's Ericsson said it will book a 6.1 billion crown ($687 million) charge for the fourth quarter after a failed revamp of its loss-making Business Support System unit (BSS), as it seeks to protect its profitability targets.

UPDATE 3-Ericsson nudges up 2020 sales target as recovery gains pace

08 Nov 2018

STOCKHOLM, Nov 8 Ericsson on Thursday raised its sales target for 2020, driven mainly by a recovery in its hard-hit networks business as the market for next-generation 5G mobile equipment shifts into a higher gear.

UPDATE 2-Spotify faults itself for margin gains; stock hits new lows

01 Nov 2018

* Third-quarter results largely in line with forecasts (Adds executive, analyst comments; stock pre-market plunge)

Ericsson tops third-quarter forecasts as savings and 5G sales kick in

18 Oct 2018

STOCKHOLM Mobile telecom equipment maker Ericsson beat third-quarter operating profit forecasts on Thursday, boosted by sales of next-generation 5G gear in North America, and said it was making solid progress toward its long-term financial goals.

NENT takes on Netflix in battle for Nordic streaming market as it readies for listing

04 Oct 2018

STOCKHOLM Nordic Entertainment Group (NENT) hopes to lure investors with robust growth in streaming when it is spun off from Sweden's MTG next year, betting that its Scandi dramas will help it narrow the gap with market leader Netflix.

World News

Iran says it will destroy any aggressor

Iran will pursue any aggressor, even it carries out a limited attack, and seek to destroy it, the head of the elite Revolutionary Guards said on Saturday, after attacks on Saudi oil sites which Riyadh and U.S officials blamed on Tehran.