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United States

Anna Ringstrom

CEO of Nordic telecoms group Telia in surprise resignation

Aug 05 2019

STOCKHOLM Telia Chief Executive Johan Dennelind has resigned unexpectedly, having transformed the Nordic telecoms group's strategy since taking the helm in 2013.

UPDATE 1-CEO of Nordic telecoms group Telia in surprise resignation

Aug 05 2019

* Shares down 1.8% (Adds detail, background, analysts, shares)

Wage costs and competition hold back Securitas profit growth

Jul 31 2019

STOCKHOLM Rising wage costs in key markets France and the Netherlands and contract losses held back profit growth at Securitas in the second quarter, offsetting price hikes at the world's biggest security services company.

UPDATE 1-Wage costs and competition hold back Securitas profit growth

Jul 31 2019

* Price hikes lagged wage cost increases in H1 (Adds CEO, analyst comments, shares, detail, background)

Main shareholder offers to buy out Swedish fashion chain KappAhl

Jul 29 2019

STOCKHOLM Investment firm Mellby Gard, the biggest shareholder in Swedish fashion group KappAhl , on Monday made an offer to buy the rest of the retailer whose profits are under pressure from tough competition in a rapidly changing market.

UPDATE 2-Main shareholder offers to buy out Swedish fashion chain KappAhl

Jul 29 2019

* Mellby Gard sees synergies with other holdings (Adds Mellby Gard CEO comment, share reaction, background)

Lockmaker Assa Abloy wary on some markets as savings lift second-quarter profit

Jul 17 2019

STOCKHOLM Assa Abloy , the world's biggest lock maker, reported a 28% jump in quarterly profit as savings and price hikes offset higher raw material costs but said uncertainty had increased in some markets such as Brazil, Mexico and Britain.

H&M shares jump as early summer sales shine

Jun 27 2019

STOCKHOLM Swedish fashion group H&M said sales of its summer collections had started well and it would slow the rate of store openings as it invests more online, boosting its shares by 10%. | Video

H&M's sales growth fails to ease investors concerns about margin pressure

Jun 17 2019

STOCKHOLM Fashion retailer H&M reported sales grew for a fourth straight quarter on Monday, but also hinted it had needed to invest more to boost its online business, disappointing investors already concerned about margin pressure.

Suspected bomb blast strikes south-Sweden town, about 20 injured

Jun 07 2019

STOCKHOLM An explosion thought to have been a bomb rocked a residential street in the town of Linkoping in southern Sweden on Friday, damaging several buildings and slightly injuring about 20 people, police officials said.

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