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United States

Anna Ringstrom

H&M bounces back from coronavirus slump

Sep 15 2020

STOCKHOLM Sweden's H&M , the world's second-biggest fashion retailer, beat quarterly profit forecasts as it recovered more quickly than expected from a coronavirus-induced slump, in a positive sign for the industry. | Video

No pandemic pause in IKEA's U.S. shopping mall plans

Sep 07 2020

STOCKHOLM IKEA's shopping centers business hopes to open the doors of its first mall in the United States, in the center of San Francisco, within a year, pushing ahead with its expansion plans while many retailers are reeling from the coronavirus crisis.

IKEA stores owner Ingka accelerates investments to cut emissions

Sep 02 2020

STOCKHOLM Ingka Group, the owner of most IKEA stores, plans 600 million euros ($712 million) in sustainability-related investments over the next 12 months as the world's biggest furniture brand aims to be climate positive throughout its value chain by 2030.

Medical equipment group Elekta's profit jumps despite pandemic problems

Aug 26 2020

STOCKHOLM Radiation therapy equipment maker Elekta on Wednesday reported a big jump in profit in its first quarter even though sales fell because of the COVID-19 pandemic.

UPDATE 2-Medical equipment group Elekta's profit jumps despite pandemic problems

Aug 26 2020

STOCKHOLM, Aug 26 Radiation therapy equipment maker Elekta on Wednesday reported a big jump in profit in its first quarter even though sales fell because of the COVID-19 pandemic.

Sweden rejects credit guarantee for struggling Norwegian Air

Aug 18 2020

STOCKHOLM Sweden's Debt Office has refused a state credit guarantee for Norwegian Air , it said on Tuesday, renewing liquidity concerns for the struggling airline amid the coronavirus crisis.

EU to discuss sanctions against Belarus after disputed election, Sweden says

Aug 12 2020

BRUSSELS/STOCKHOLM EU foreign ministers will meet on Friday to discuss targeted sanctions against Belarus following Sunday's contested election and subsequent violent crackdown down on protesters, Sweden's top diplomat said on Wednesday.

Assa Abloy looks to unlock recovery after profit slide

Jul 17 2020

STOCKHOLM Assa Abloy , the world's biggest lockmaker, forecast a gradual recovery on Friday following a 44% plunge in second-quarter profit, but warned of considerable uncertainty ahead.

Getinge profits jump helped by demand for ventilators

Jul 16 2020

STOCKHOLM Swedish medical equipment maker Getinge reported a jump in second-quarter core profit and orders on Thursday as demand for ventilators and other life support equipment surged due to the still raging pandemic.

Essity sales hit by lockdowns and March hoarding

Jul 13 2020

STOCKHOLM Hygiene products maker Essity suffered an 11% drop in second-quarter sales, hit by coronavirus lockdowns and adverse effects of bulk-buying in the early stages of the crisis, the Swedish company reported on Monday.

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