NEW YORK (Reuters) – Online music-streaming service Spotify on Wednesday launched a free music service for smart phones and tablets as it tries to hook a fast-growing group of users keen to stream tunes on their mobile devices.
Spotify offers free music on desktop computers with advertising but customers previously had to pay for on-demand connection on their mobile devices.
STOCKHOLM (Reuters) – - Sweden’s Investor AB (INVEb.ST: Quote, Profile, Research, Stock Buzz) and private equity firm Altor have picked banks for a listing of Norway-based debt collector Lindorff, five sources familiar with the matter said, a sign of growing activity in Nordic IPOs heading into next year.
The people, who declined to identified because the process is not public, said Goldman Sachs, Morgan Stanley and Swedish banks Carnegie and SEB (SEBa.ST: Quote, Profile, Research, Stock Buzz) were appointed to lead a planned initial public offering (IPO) of Lindorff, which is valued at about 15 billion crowns ($2.29 billion), including debt of 770 million euros ($1.06 billion).
STOCKHOLM (Reuters) – Fingerprint Cards is aiming to sell its identity technology to most of the world’s biggest smartphone makers, which are likely to follow Apple in offering touch recognition for mobiles from next year.
Apple’s September launch of the iPhone 5S was the first smartphone with a fingerprint identity touch sensor, provided by AuthenTec, part of Apple.
STOCKHOLM (Reuters) – Christer Gardell, who co-founded Europe’s biggest activist investor Cevian Capital, expects a burst of activity in mergers and acquisitions next year as corporate confidence returns.
With about 9 billion euros ($12 billion) in assets under management and backing from the likes of U.S. billionaire Carl Icahn, Cevian has large stakes in some of Europe’s biggest firms – truckmaker Volvo (VOLVb.ST: Quote, Profile, Research, Stock Buzz), British security firm G4S (GFS.L: Quote, Profile, Research, Stock Buzz) and Germany’s ThyssenKrupp (TKAG.DE: Quote, Profile, Research, Stock Buzz).
COPENHAGEN, Nov 24 (Reuters) – Tiny Denmark, with fewer than
6 million people, supplies half the world’s hearing aids, and
local makers aim to advance that commanding position as baby
boomers and the iPhone generation age.
GN Store Nord, headquartered in Ballerup, near
Copenhagen, has a product it hopes will reach that demographic -
famously averse to accepting the depredations of age – by taking
the stigma out of wearing an aid.
By Mia Shanley
(Reuters) – Atomico, a European venture capital firm that has invested in the likes of Angry Birds developer Rovio, plans to spend its new $476 million fund on technology start-ups outside Silicon Valley, it said on Tuesday.
While the United States has long dominated venture capital investments in technology, investors have been increasingly drawn to opportunities in Asia and Europe, especially in areas such as e-commerce and gaming.
HELSINKI, Nov 14 (Reuters) – Riding a wave of euphoria
surrounding the success of Finnish mobile game maker Supercell,
venture capital firms are chasing after European tech start-ups
in search of the next big thing.
Japanese tech and telecoms group SoftBank’s 51
percent stake purchase in 3-year-old Supercell, announced last
month, valued the maker of hit games “Clash of Clans” and “Hay
Day” at $3 billion.
STOCKHOLM, Oct 25 (Reuters) – Swedish home appliances
company Electrolux announced 2,000 job losses and
launched a new round of cost cuts to counter tough market
conditions in Europe after posting a bigger than expected fall
in third-quarter earnings on Friday.
Appliance manufacturers, including market leader Whirlpool
, have been busy reducing costs and shifting production
to emerging markets to protect their margins as they wait for
recoveries to take hold on both sides of the Atlantic.
STOCKHOLM (Reuters) – Nordic banks Nordea (NDA.ST: Quote, Profile, Research, Stock Buzz) and Handelsbanken (SHBa.ST: Quote, Profile, Research, Stock Buzz) reported increased third-quarter earnings on Wednesday and higher capital levels, laying the ground for higher dividends this year.
Analysts have seen scope for many banks in the region – some of Europe’s strongest performers – to raise dividends this year thanks to healthy capital generation and weak loan demand.
STOCKHOLM, Oct 23 (Reuters) – Nordic banks Nordea
and Handelsbanken reported increased third-quarter
earnings on Wednesday and said their capital levels had swollen
further, laying the ground for higher dividends this year.
Nordea, the region’s biggest bank by stock market value,
said its credit quality, especially in hard-hit areas such as
shipping, would continue to improve after loan losses in the
quarter dropped nearly 30 percent from the previous year.