SKF's spin-off, SKF Vertevo, which focuses on the automotive industry, will begin trading on the Stockholm Stock Exchange in three weeks, on Tuesday, December 1, the ball-bearing group said in a press release.
BusinessGothenburg-based ball bearing manufacturer SKF reported adjusted operating profit of SEK 2.84 billion in the third quarter of this year, compared with SEK 2.55 billion in the same quarter last year.
BusinessWeak Swedish quarterly reports dampened trading on the Stockholm Stock Exchange. However, the OMXS index recovered from losses to close up 0.2 percent.
BusinessSeveral AI leaders have raised the alarm after so-called AI agents escaped and caused data breaches. Nvidia CEO Jensen Huang is not among them. No Swedish company should ever appear in a newspaper article because of an AI agent incident, he said during a visit to Sweden.
BusinessRising market interest rates and energy prices are weighing on stock markets around the world. In Stockholm, the broad OMXS index fell 0.7 percent on Thursday.
BusinessThe Stockholm Stock Exchange followed a global downward trend on Wednesday. The broad OMXS index closed down 1.6 percent.
BusinessThe Stockholm Stock Exchange’s broad OMXS index was up 0.8 percent on Tuesday, but defense group Saab had a tough day.
BusinessCritics called the AI-assisted revival of dead actor Val Kilmer “ghost exploitation.” Now there’s also an AI version of Greta Garbo.
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