Profit growth at European listed companies is forecast to reach 23 percent in the third quarter, approaching the level at US companies. Analysts at MSCI Europe forecast 24 percent growth in profits at S&P 500 companies on Wall Street.
BusinessThe Stockholm Stock Exchange rose sharply on Friday. The broad OMXS index closed 1.1 percent higher. Major stock exchanges across Europe also rose.
BusinessThe Wallenberg sphere's powerhouse company Investor underperformed the Stockholm Stock Exchange in the third quarter, according to its interim report.
BusinessThe chairman of the Confederation of Swedish Enterprise, Jacob Wallenberg, warns that Swedish business could be damaged if the left-wing opposition wins the election. "I am deeply concerned," he tells the Financial Times.
BusinessThe Stockholm Stock Exchange has now fallen for ten days in a row. Time for drama and worry? Not at all, says Mattias Isakson, chief strategist at Swedbank.
BusinessThe Wallenberg sphere’s investment company Investor reported a total return of 15 percent for the second quarter. This was better than the Stockholm Stock Exchange’s SIXRX return index, which rose 9 percent during the quarter.
BusinessThe flood of reports gets going in earnest next week. The economy looks good, says Lars Söderfjell at the Bank of Åland.
BusinessStegra declined to say when the factory outside Boden is expected to start producing steel. The production plan, already postponed, is under review. "We will provide a timetable when we are able to do so," the company's press manager, Karin Hallstan, says.
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