Niklas's Feed
Feb 1, 2011

SKF cautions on materials costs and currencies

STOCKHOLM, Feb 1 (Reuters) – Sweden’s SKF (SKFb.ST: Quote, Profile, Research, Stock Buzz), the
world’s biggest bearings maker, said it faced adverse currency
movements due to a stronger crown and rising raw materials costs
after posting a rise in fourth-quarter figures.

Its shares were down 5.9 percent at 173.2 crowns by 1220
GMT, underperforming the broader market , while peers
Atlas Copco (ATCOa.ST: Quote, Profile, Research, Stock Buzz) and Sandvik (SAND.ST: Quote, Profile, Research, Stock Buzz) dipped 1.7 percent
and 2.7 percent respectively.

Jan 27, 2011

Volvo share plan could pave way for Renault exit

STOCKHOLM (Reuters) – Renault (RENA.PA: Quote, Profile, Research, Stock Buzz) and the other main owner of truck maker Volvo (VOLVb.ST: Quote, Profile, Research, Stock Buzz) on Thursday proposed a share conversion plan, which could set the stage for the French carmaker’s eventual exit from Volvo.

Speculation Renault will sell off its holding in Volvo, which it considers a financial rather than strategic asset, has been rife in recent years and grew more intense after it sold a block of B-shares last year.

Dec 29, 2010

Skanska sells Chile highway stake, shares up

STOCKHOLM, Dec 29 (Reuters) – Skanska (SKAb.ST: Quote, Profile, Research, Stock Buzz), the Nordic
region’s biggest construction group, said it was selling its
stake in a Chilean highway concession in an eagerly anticipated
deal that could pave the way for a hefty payout to shareholders.
Skanska said in a statement it was selling its 50 percent
stake in the six-lane Autopista Central highway concession to
Alberta Investment Management Corporation, one of Canada’s
largest institutional management firms.

The deal for the concession in Santiago, Chile, would
generate a 5 billion crown ($731 million) gain, it said.

Dec 29, 2010

Skanska sells stake Chile highway stake, shares up

STOCKHOLM, Dec 29 (Reuters) – Skanska (SKAb.ST: Quote, Profile, Research), the Nordic
region’s biggest construction group, said it was selling its
stake in a Chilean highway concession in an eagerly anticipated
deal that could pave the way for a hefty payout to shareholders.
Skanska said in a statement it was selling its 50 percent
stake in the six-lane Autopista Central highway concession to
Alberta Investment Management Corporation, one of Canada’s
largest institutional management firms.

The deal for the concession in Santiago, Chile, would
generate a 5 billion crown ($731 million) gain, it said.

Dec 14, 2010

Sweden bomber sought big targets; new threat made

STOCKHOLM (Reuters) – A Middle Eastern man killed in a blast in Stockholm was wearing a bomb belt and ready to attack a train station or department store when the device went off prematurely, Sweden’s chief prosecutor said on Monday.

Police were all but certain the attacker was Taymour Abdulwahab, who emigrated to Sweden in 1992 but mostly lived in Britain with his wife and two children.

Dec 13, 2010

Stockholm bomber aimed for major targets: prosecutor

STOCKHOLM (Reuters) – A Middle East-born man who died in a blast in Stockholm was wearing an explosives belt and likely intended to attack a crowded train station or department store when the device went off prematurely, an official said.

Sweden’s chief prosecutor Tomas Lindstrand told a news conference on Monday the man had been well equipped with explosives, including the belt, and he assumed the man had accomplices as the attack was well planned.

Dec 13, 2010

Police probe Stockholm blasts as act of terrorism

STOCKHOLM (Reuters) – Police said on Sunday they were treating bomb blasts in Stockholm as an act of terrorism by a lone attacker that followed an emailed threat referring to Sweden’s troops in Afghanistan and to cartoons of Mohammad.

Police stopped short of calling Saturday afternoon’s blasts, which killed the suspected bomber and wounded two people, a suicide attack. A car blew up in a busy shopping area, followed minutes later by a second explosion nearby.

Dec 12, 2010

Sweden says Stockholm blasts were “terror crimes”

STOCKHOLM (Reuters) – Swedish police investigating two blasts that rocked central Stockholm on Saturday, killing the suspected bomber and wounding two, said on Sunday they had good leads into what they said were “terror crimes”.

Before the explosions, the Swedish news agency TT received a threatening letter about Sweden’s military presence in Afghanistan and caricatures of the Prophet Mohammad drawn several years ago by a Swedish cartoonist.

Dec 9, 2010

Small Swedish firm keeps channeling funds to WikiLeaks

STOCKHOLM (Reuters) – While major payment providers MasterCard, Visa and PayPal have stopped transfers to WikiLeaks, a small company with a base in south Sweden said on Thursday it would carry on as a lone channel for donations.

The three big companies stopped servicing WikiLeaks after the website’s release of U.S. diplomatic cables that have angered and embarrassed Washington.

Dec 3, 2010

WikiLeaks’ Assange to fight any extradition: lawyer

STOCKHOLM (Reuters) – WikiLeaks founder Julian Assange will fight any bid to extradite him to Sweden over sexual misconduct allegations, and suspects foreign powers are influencing the authorities, his Swedish lawyer said on Friday.

The Swedish prosecutor’s office said information needed for a European arrest warrant in the case had been supplied to Britain, where media reports say Assange is staying.