Niklas's Feed
Jul 16, 2014

Atlas Copco shares at record after CEO spies positive signs

STOCKHOLM, July 16 (Reuters) – Mining equipment and
compressor maker Atlas Copco AB said it had detected
more a more optimistic tone in the mining sector, raising the
prospect of a recovery in the industry from a two-year slump and
sending its shares to a record high.

The Swedish company’s mining customers have been retrenching
after a decade of heady expansion, as softer metals prices and
an investor backlash at the scale of investment forced major
players such as Rio Tinto and BHP Billiton to
slash billions of dollars in spending.

Jun 4, 2014

Swedish car safety pioneer Autoliv bucks margin trend

STOCKHOLM, June 4 (Reuters) – Based in high-cost Sweden and
serving a global auto industry notorious for forcing down
prices, Autoliv , the world’s top car safety
equipment maker, still achieves margins that some of its
customers and rivals can only dream of.

To defend its position as car safety undergoes a revolution
that will see the introduction of night vision and crash
avoidance systems – so-called active safety technology – Autoliv
is betting on its do-it-yourself approach to research and
development and to production.

May 30, 2014

Surprise drop in Swedish growth fuels rate cut expectations

STOCKHOLM (Reuters) – An unexpected contraction in the Swedish economy in the first quarter of 2014 due to subdued exports and lower inventories fueled expectations that the central bank will cut interest rates at its next policy meeting in July.

Unexpectedly weak growth also highlighted the country’s dependence on its vast export industry, including global blue chips Volvo and Ericsson, which face lackluster demand across much of Europe – its top market.

May 14, 2014

Oscar winner Bendjelloul, director of ‘Sugar Man,’ dies at 36

STOCKHOLM (Reuters) – Swedish film director Malik Bendjelloul, whose documentary “Searching for Sugar Man” won an Oscar last year, has killed himself, his family said, triggering tributes for a man who “chased the world for stories to tell.” He was 36.

Police said Bendjelloul died late Tuesday in the Stockholm area. His brother later confirmed local media reports that he had committed suicide.

May 14, 2014

‘Searching for Sugar Man’ director commits suicide aged 36

STOCKHOLM (Reuters) – Swedish film director Malik Bendjelloul, whose documentary “Searching for Sugar Man” won an Oscar last year, has killed himself, his family said, triggering tributes for a man who “chased the world for stories to tell”.

Police said Bendjelloul, who was 36, had died late on Tuesday in the Stockholm area. His brother later confirmed local media reports that he had committed suicide.

May 14, 2014

‘Searching for Sugar Man’ director dead at 36

STOCKHOLM, May 14 (Reuters) – Swedish film director Malik
Bendjelloul, whose documentary “Searching for Sugar Man” won an
Oscar last year, has died aged 36, triggering tributes for a man
who “chased the world for stories to tell”.

Police said Bendjelloul had died late on Tuesday in the
Stockholm area but declined to give further details. His brother
Johar Bendjelloul told a Swedish newspaper he had committed
suicide but the report could not be independently confirmed.

May 13, 2014

‘Searching for Sugar Man’ director Malik Bendjelloul dies at age 36

STOCKHOLM (Reuters) – Malik Bendjelloul, the director of Oscar-winning documentary “Searching for Sugar Man,” died on Tuesday evening in the Stockholm area, police said. He was 36.

Stockholm police declined to provide any further details about Bendjelloul’s death.

Apr 25, 2014

Mylan raises bid for Sweden’s Meda generic drugmaker

NEW YORK/STOCKHOLM (Reuters) – U.S. generic drugmaker Mylan (MYL.O: Quote, Profile, Research, Stock Buzz) has made a new and improved bid for Meda (MEDAa.ST: Quote, Profile, Research, Stock Buzz) valuing its Swedish rival at around $9 billion including debt, a person familiar with the matter said on Friday.

Mylan raised its all-stock offer to 145 crowns per share this week after its first attempt at a merger with a 130 per share offer was rejected by Meda earlier this month, the person said, asking not to be named because the matter is not public.

Apr 25, 2014

Mylan makes new higher bid for Sweden’s Meda

NEW YORK/STOCKHOLM, April 25 (Reuters) – U.S. generic
drugmaker Mylan has made a new and improved bid for Meda
valuing its Swedish rival at more than $9 billion, a
source familiar with the matter said on Friday.

Mylan raised its bid to 145 crowns per share after its first
attempt at a merger with a 130 per share offer was rejected by
Meda earlier this month, the source said.

Apr 25, 2014

Sandvik shares drop as mining gloom squeezes margins

STOCKHOLM, April 25 (Reuters) – Swedish engineering group
Sandvik AB suffered a further drop in demand for
mining equipment in the first quarter, the company said on
Friday, highlighting the impact of a squeeze on investment in
the mining industry in response to weak metals prices.

Sandvik shares were down 3.3 percent at 92.25 crowns by
1237 GMT, making them the top loser in the STOXX Europe 600
Industrial Goods & Services Index. The decline knocked
the stock from an 11-month high reached the previous session.