Stockholm Stock Exchange Ends Week Down Amid Atlas Copco Report
The Stockholm stock exchange ended the trading week on the red side of zero. The industrial giant Atlas Copco's interim report weighed down the market.
Business
SKF to Lay Off 1,700 Employees in Europe for Cost Savings
Bearings manufacturer SKF has decided to reduce the workforce, mainly in the European operations. We have a program that unfortunately will mean that 1,700 positions will disappear from the Group, says CEO Rickard Gustafson.
Business
Stockholm Stock Exchange Sees Modest Gains as OMXS Index Rises 0.2%
The Stockholm stock exchange continued to rise weakly on Tuesday, as did leading exchanges in Europe. The broad OMXS index rose 0.2 percent.
Business
SKF and Kinnevik Lead Gains in a Declining Stockholm Stock Market
The Stockholm Stock Exchange started the week's trading with a slight decline of 0.1 percent. Clear winners were, however, the investment company Kinnevik and the bearing giant SKF.
Business
SKF CEO: Tariffs Impacting Economic Growth and Demand
The bearing manufacturer SKF exceeded profit expectations in the first quarter, despite continued headwinds in sales. What awaits ahead is difficult to determine, according to CEO Rickard Gustafson. The Trump administration's tariff policy has placed "a wet blanket" over the signs of economic upswing he has seen.
Business
Stockholm Stock Exchange Rises 1.6 Percent with Nibe Leading Gains
The Stockholm stock exchange continued to rise on Wednesday. The broad OMXS index rose 1.6 percent with a number of large companies as winners.
Business
Swedish Industry Leaders Eye Co-Ownership in New Nuclear Venture
Vattenfall is starting a separate nuclear power company and is on its way to bringing in Volvo, ABB, SSAB and other industrial giants as co-owners. It facilitates that those who want the electricity are also owners, according to Desirée Comstedt, head of new nuclear power at Vattenfall.
Business
Banks and Industrials Drag Down Stockholm Stock Exchange
The Stockholm stock exchange's broad OMXS index fell 0.8 percent on Wednesday, weighed down by declines in banks and industrial companies.
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