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.
BusinessIt was a thumbs up from the market after Scania-owner Traton's report for the first quarter. The share is rising by almost 5 percent, despite a loss and a significant slowdown when it comes to sales, both in terms of the number of vehicles and in kronor.
CarsThe Stockholm Stock Exchange closed near zero on Wednesday after a recovery in the late afternoon trading. The broad OMXS index rose 0.1 percent.
BusinessThe trustee Mikael Kubu has taken over the responsibility for Northvolt, since the district court has declared the battery manufacturer bankrupt. We are investigating the conditions for being able to maintain production, he says. The major customer and lender Scania will be an important counterpart for Kubu in the process.
BusinessThe Stockholm stock exchange's downturn was reinforced after President Donald Trump's statement about doubled steel tariffs against Canada. At closing, the OMXS index is down 2.1 percent.
BusinessThe Scania CEO Christian Levin is worried about the geopolitical crisis in the wake of the Trump administration's takeover. But signals that Europe – with Germany at the forefront – is facing massive investments in defense and infrastructure could put money in the coffers for both Scania and the German parent company Traton.
CarsThe Stockholm stock exchange's initial trading on the week's first trading day offered a weak upturn – but then turned and at closing the OMXS index was down 1.0 percent.
Business
