STOCKHOLM Swedish investment firm Kinnevik plans to distribute its stake in German online fashion group Zalando, worth 55 billion crowns ($6.6 billion), to its shareholders.
STOCKHOLM Swedish steelmaker SSAB has ended talks over a potential acquisition of Tata Steel's Dutch steel mill, it said on Friday, adding a fresh twist to the ongoing consolidation of Europe's steel sector.
* SSAB shares +7.7%, Tata Steel -3.6%, Thyssenkrupp +0.8% (Recasts, adds Tata Steel statement, updates shares)
STOCKHOLM, Jan 20 Telia Co AB said on Wednesday its operational cash flow was stronger than expected in 2020 and confirmed a 2 crowns per share dividend for the year, sending shares in the Nordic telecom operator up more than 4%.
STOCKHOLM H&M, the world's second-biggest fashion retailer, said on Tuesday that local-currency sales fell 10% in its fourth quarter, with a pronounced slowdown in the final month as the second wave of coronavirus restrictions curbed spending.
STOCKHOLM/BEIJING Swedish truck maker Scania, a unit under Volkswagen AG's commercial vehicle arm Traton SE, has bought a truck company in China to start making vehicles for the first time in the world's biggest auto market, it told Reuters.
STOCKHOLM/AMSTERDAM/MUMBAI Swedish steelmaker SSAB is in talks with Tata Steel about potentially buying the Indian group's Dutch steel mill in IJmuiden and related assets, it said on Friday.
STOCKHOLM Sweden's NENT plans to tap into the demand for Nordic drama by launching its streaming service Viaplay in the United States next year and is considering an equity raise of more than 3.5 billion crowns ($405 million) to fund expansion, it said on Tuesday.
STOCKHOLM, Oct 27 Sweden's SKF, the world's biggest maker of industrial bearings, beat quarterly earnings forecasts on Tuesday, helped by an efficiency drive and a pick up in some markets, but said the outlook remained uncertain.
STOCKHOLM A pick-up in demand for fridges and washing machines among housebound consumers during the pandemic helped Electrolux beat profit forecasts on Friday and post its highest quarterly margin ever.
Myanmar security forces used tear gas and stun grenades to break up a protest in Yangon on Saturday, just hours after a United Nations special envoy called on the Security Council to take action against the ruling junta for the killings of protesters.