February 9, 2010
Published: 27 Oct 09 15:17 CET
Online: http://www.thelocal.se/22910/20091027/
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Swedish-owned telecoms company Tele2 admitted on Monday it was responsible for staging a meteorite crash near a small village in the Latvian countryside.
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Swedbank has reported a bigger than expected operating loss of 1.6 billion kronor ($226.7 million) for the final quarter of 2009, yet the bank's CEO Michael Wolf sees opportunities for profits in 2010. READ (9 COMMENTS) »
Troubled Scandinavian airline SAS has announced a new share issue to raise 5 billion kronor ($674 million), as well as a programme of cuts and savings designed to save a further 2 billion kronor. READ (25 COMMENTS) »
The EU's competition watchdog has approved the Swedish government's intention to guarantee a European Investment Bank (EIB) loan to automaker Saab. READ (5 COMMENTS) »
The number of Swedish firms filing for bankruptcy declined by 14 percent in January in comparison with the corresponding month in 2009. 484 companies went to the wall during the month, new statistics show. READ (1 COMMENT) »
Swedish truck maker Volvo says it sees signs of recovery in the global economy as it reports a net loss of 14.7 billion kronor ($1.96 billion) in 2009. READ (4 COMMENTS) »
Swedish Saab dealers have said they are willing to stump up millions of kronor to help Dutch sportscar maker Spyker secure its purchase of Saab Automobile. READ (16 COMMENTS) »
Dagens Nyheter, a Swedish daily newspaper, has announced that it is slashing more than 100 jobs after a year of continued losses. READ (4 COMMENTS) »
Metro International, the Swedish publisher of free newspapers, reported a strong last quarter in 2009 but recorded a loss for the full year. READ »
Despite a fall in net profit for the fourth quarter, a brighter forecast put the wind in the sails of Swedish truck manufacturer Scania on the Stockholm exchange on Wednesday. READ »
Swedish appliances firm Electrolux reported solid 2009 profits on Wednesday. But a weak forecast pushed the company's stock into a nosedive. READ »
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I mean, it must have passed as something worthwhile at the very top of Tele2 and everyone must have been jumping up and down shouting that this was the message they wanted to impart..
Perhaps this is a warning to shareholders about the rational business thinking of this company.
Oh dear..