Edition:
United States

Anna Ringstrom

IKEA targets big cut in greenhouse gas emissions from production

Nov 30 2018

STOCKHOLM IKEA, the world's biggest furniture group, pledged on Friday to cut greenhouse gas emissions from its production by 80 percent in absolute terms by 2030 from their levels two years ago.

IKEA Group profit falls as invests in online and city-center stores

Nov 28 2018

STOCKHOLM IKEA Group said on Wednesday large investments in improving its online offering, delivery services and in opening new smaller city center stores to meet changing shopping habits pulled its full-year profits down 26 percent. | Video

H&M to close down its struggling Cheap Monday brand

Nov 27 2018

STOCKHOLM H&M , the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.

H&M to close down its struggling Cheap Monday brand

Nov 27 2018

STOCKHOLM H&M , the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.

CORRECTED-UPDATE 1-H&M to close down its struggling Cheap Monday brand

Nov 27 2018

STOCKHOLM, Nov 27 H&M, the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.

IKEA brand owner says higher wood and metal prices hit profit

Nov 12 2018

STOCKHOLM The owner of the IKEA furniture brand reported a drop in annual underlying profit on Monday, hit by higher wood and metal prices. | Video

Consumer tissue group Essity hit by rising pulp and energy costs

Oct 29 2018

STOCKHOLM Swedish hygiene products group Essity reported a steeper-than-expected 12 percent drop in core profit as rising pulp and energy costs outweighed higher selling prices and cost savings, sending its shares lower.

UPDATE 2-Consumer tissue group Essity hit by rising pulp and energy costs

Oct 29 2018

* Shares down 3.4 percent (Adds CEO comment, detail, share reaction)

UPDATE 1-Skanska books more writedowns in U.S., sending profit, shares lower

Oct 19 2018

STOCKHOLM, Oct 19 Shares in Swedish builder Skanska fell sharply on Friday after the company revealed a new writedown in its troubled U.S. operations which hit third-quarter earnings.

New stores and online growth help IKEA fend off rivals

Oct 11 2018

MADRID/STOCKHOLM IKEA reported a 5 percent rise in annual sales on Wednesday as strong online growth and new stores in India and several other countries helped the world's biggest furniture retailer cope with mounting competition. | Video

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