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Stock exchange down five percent

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Stock exchange down five percent
09:22 CEST+02:00
The Stockholm stock exchange took a tumble in early trading on Friday, with the OMXS index dropping 5 percent by 9.15am. Shares in Volvo shed 19 percent of their value.

Truckmaker Scania, which also reported profits below analysts expectation, say its share value drop by 9 percent.

Stock in the Carnegie investment bank plummeted by nearly 35 percent after reporting a loss of 517 million kronor ($65 million) for the third quarter.

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The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.