Swedish Market Economy: January 2015

Saturday, January 31, 2015

Jay-Z buys companies behind Wimp – Swedish Radio

The American hip-hop star Jay-Z purchases, Aspiro, the company behind the Norwegian music service Wimp. It writes Reuters.

The bid from Jay-Z’s company Project Panther Bidco Ltd is worth SEK 464 million.

Aspiro owned the main part of Schibsted, as in a press release explains that they will accept the offer because Schibsted not consider Aspiro as a core business for the Group.

Aspiro’s Board writes in a press release that they urge all owners of the company to accept the offer .

Wimp sounds just like Spotify users stream music. The company has not yet been seen in Sweden, but is Norway’s leading music service online. Wimp available except in the Nordic countries also in the US and UK, under the name of Tidal.

Jay-Z has, in addition to his music career, invested in the garment business and sports bars.

Kulturnytt
kulturnytt@sverigesradio.se

SCA manager approved the job to Martin-Löf’s son – Swedish newspaper Svenska Dagbladet

SCA manager approved the job to Martin-Löf's son – Swedish newspaper Svenska Dagbladet

On Friday could SvD Business reveal that the prosecutor Thomas Forsberg of the National Anti-Corruption Unit launched a preliminary investigation in connection with the scandal surrounding the SCA Svenska Dagbladet Enterprise and analysis site N360 revealed. According to information provided to SvD Business, police and prosecutors already secured some proof.

– I can confirm that we launched a preliminary investigation, said Thomas Forsberg otherwise not have any comments.

Combs prosecutor would not comment on what type of criminal charges as the investigation applies.

SCA’s CEO Jan Johansson got the news directly from SvD Business during an interview on hygiene giant’s headquarters.

– I have not received any information about it, but if it is so, we will of course help as much as we can, says Jan Johansson.

Can it affect confidence in you as CEO ?

– Since I have not seen or heard anything about it so I think it’s too early for me to comment on it.

SvD Enterprise’s investigation has uncovered a series of events about SCA – For travel with the company’s private jet to events Football Championship, Olympics as well and later for the World Cup in Brazil.

As for Brazil, will take up the trip in your periodic declaration?

– What I declare my private thing. Now let’s look at how the company has handled this, and I in my role as CEO, says Jan Johansson.

Have you ever when it comes to the holidays where you had with family members raised the in your tax return?

– We had a tax audit, which went through three years with a focus on business flights and where we did not get a single note and we handle it the same way today.

SvD could also reveal that the son of SCA’s outgoing Chairman Sverker Martin-Löf been involved as an advisor in two miljardaffärer that SCA is done, the sale of Austrian Laakirchen and an affair with the Australian venture capital firm Pacific Equity Partners. Jan Johansson says now that he was fully informed of his son’s involvement in such Laakirchen where he worked for Sverker Martin-Löf’s longtime friend Alfred Heinzel.

How did you react?

– At the time I thought no more about it. I myself was not involved in the negotiations in the shops until the very end, says Jan Johansson.

Of SCA’s financial statements show that the company is now forced to further write-downs in connection with the sale of Laakirchen and the sum is to reach nearly 900 million.

You have issued an instruction to related parties in the future may not be the advisor in business. Does that mean you think it was inappropriate ?

– Yes, I think so. He should not have been there.

Jan Johansson also confirms that he knew that his son was working for the bank that SCA hired in Australia affair. But the son has also done other jobs, he reveals in the interview with SvD Business.

– He has done some research work for SCA previously he has been paid for.

How much then?

– Very little, that I do not remember.

Is there anything that you have approved?

– Yes, I have approved.

Did you find it useful?

– Yes, at that time I found it.

According to Johansson, he saw no conflict of interest.

– I had no thought of it and I never talked to Sverker Martin-Löf on which advisors we have. We are searching for the best that we think can help us to get the information we want.

Is not it strange that you do not take up with your president that his son received assignments?

– We do not mix as close as CEO and chairman. We have different roles.

I received an email from an employee of one of SCA factories that they are instructed to write their names on disposable plastic cups in order to save money. What do you think they are thinking when they read that you are traveling for business aviation to the World Cup and hunt for big amount?

– I do not recognize the notion that they write names on the cups so it may be for you, but it is clear that they react, it would be strange if they did not. I would also have made the same situation, especially as it is described in the papers. I would think: what are they doing?

Yes, what are you doing?

– We run the company, and this requires a business flights. Then we had a policy that has conceded that it brings his respective or her child.

The other day wrote Emma Stenström, Assistant Professor at the School that she did not want to buy SCA’s products because she thinks that you are not in tune with the times?

– It is obvious that if we have a picture of the company that are not accepted by society, it can influence. Then it’s our job to make sure to change the way we behave and change the image of the company. I think we have taken many initiatives to do so.

And you think you are the right man to do it?

– Yes, so long as I feel it. Although I myself naturally wondered if it’s worth it. But I feel a strong support internally and externally. And I actually think that I can continue to do good for shareholders too.

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Fast share rushing 135 percent the first day – Business Week

A fast food chain from the US tokrusar first day on the stock market, despite the price tag on the subscription price was raised twice before debut.

The US hamburger chain Shake Shacks shares rushed by 135 per cent first day of trading on the New York Stock Exchange. The news agency reported FinWire.

Shares trade on Friday afternoon to $ 49.34. This is an increase of 135 percent compared to the subscription price which was $ 21 per share.

hamburger chain raised its price tag twice before the subscription price was set.

Fast food is not only hot in the United States. Do not miss the VA’s review of American chains invasion of Sweden. How will all fit?

READ: “Fast invasion of Sweden has just begun”

To save on SEB – Aftonbladet

Today, SEB reported a profit of just over 19 billion.

Over half goes to the shareholders.

Meanwhile, says CEO Annika Falkengren that savings rates can be negative.

SEB increased its operating profit before tax by nearly 30 percent to just over 23 billion. After-tax 19.2 billion. It was still lower than expected.

The so-called net interest income, ie the profit the bank does when it borrows money and then lend them to you for higher interest rates, increased by 1.1 billion to 19.9 billion.

Bill instead of interest

Above all it is the income from loans to customers increased. CEO Annika Falkengren admits that profit margins on mortgages have increased, writes TT.

Furthermore, the Bank height for negative interest on customer savings deposits, that is, you may have to pay to have money in the bank.

– small depositors should not have to worry that it will be lower than zero. But I can not guarantee it, says SEB boss Annika Falkengren said.

The gain, it must first of all shareholders receive. Altogether, the year share of 10.4 billion compared to 8.7 last year.

Sick month waiting 200,000 pears – Sydsvenskan

After barely have occurred previously “vabruari” become a common word in Swedish media over the past five years.

– The phenomenon is older than that. That’s the word that you like, I think, which is a bit funny and match “VAB” and “February,” says Niklas Löfgren, family economic spokesperson on Social Insurance.

February is the month when most are at home with sick Kids terms of number of persons receiving compensation for child care (VAB).

– It has always been so. We have seen the patterns in our payout statistics.

The figures stretching back to the mid-1990s and match the Public Health Agency’s statistics on how seasonal flu hitting the country, says Niklas Löfgren.

For two years ago fought Swedish record in vabbande in February. Last year vabruari was not as sick, but in February topped anyway statistics.

This year, at least 200,000 parents vabba sometime in February.

– We anticipate that it will be on par last year, maybe slightly higher because there are more children in the ages that use temporary parental benefit the most.

Friday, January 30, 2015

National Anti-Corruption Unit is investigating the SCA Hank – Swedish Radio

The National Anti-Corruption Unit has launched a preliminary investigation regarding the recent events surrounding the SCA.

– We have looked deeper at some things and come to the conclusion that there may be reason to believe that a crime subject to public prosecution and then it is my duty to initiate an investigation, says prosecutor Thomas Forsberg.

Thomas Forsberg wants right now will not go into any offenses involved. But the basis of his decision lies in the Swedish newspaper Svenska Dagbladet and news site N360s scrutiny in recent months about how SCA’s management used the company’s private jet.

It will involve, for example lavish hunting trips and journeys where family members followed with no clear business purpose . On a recent trip, as Swedish newspaper Svenska Dagbladet revealed, joined CEO Jan Johansson as the World Cup in Brazil this summer and will have cost three million crowns.

– It’s all very much on how handled the company’s money, benefits and the like. There are things we looked at, says Thomas Forsberg

Thomas Forsberg wants does not go into the persons who are subject to criminal suspicions. Last week announced the SCA’s Chairman, Sverker Martin Löf that he will leave his post in the industrial world, including SCA. CEO Jan Johansson wants yet to comment on the investigation but said earlier today, before it became known that he intends to remain as president.

– There has obviously been really tough for me. I’ve thought about this almost every day, but I feel that I have very strong support internally and major customers who heard of and given me their support.

Can you remain as president?

– It is the Board that decides in the end. But because I have such strong support internally among the union and its clients as well as the major shareholders feel that I can continue and contribute to the company’s fine performance, says Jan Johansson.

Patrik Holmstrom
patrik.holmstrom@sverigesradio.se

Flying start for new CEO – SKF best on the stock exchange – Swedish newspaper Svenska Dagbladet

One twelfth of market year 2015 is verging on the waterfront. On Friday afternoon, a few hours before the Stockholm Stock Exchange closes on Friday, has the broad index All Share risen by 7.5 percent since January.

One should perhaps does not draw too much on the the biggest stock market winners after a month too, when the year is over, there are in this crowd. But it is clear that they have a good starting position.

After the end of the year followed a few weeks with downward price trend but during the latter half of the first month, the stock market rebounded well with courage when concerns about Greece and the falling price of oil reached neglected – and radiant quarterly become indicative instead. The reports from the big companies that have so far reached our screens have predominantly been given the thumbs up.

A weak exchange has given a boost to manufacturing companies, including bearings Group with the hub of Gothenburg and the new CEO Alrik Danielson at the tip. He revealed, among other things, further details of SKF’s savings program. In addition, delighting the market for better business prospects of the Group page.

Even Sandvik has received revenge on the stock exchange after headwind course in terms of the past, now with the currency wind in the back.

Many companies are Also unexpectedly generous to its shareholders and plussar of dividends more than expected. These include SCA whose interim report was received positively on Friday.

When large so-called non-recurring expenses have been deducted, it turned out that the key figures ended up over analysts’ expectations image. CEO Jan Johansson has every reason to be pleased with the result.

Nordea was the first in bankfyrklövern to come clean. Scandinavia’s largest bank offered precisely a generous dividend. In conjunction with the meeting of our expected 23 billion will be distributed to the shareholders. Also reassuring key figures in the interim report helped lift shares.

The report from SEB , later in the week, was not as positive and this bank’s share is also and stomps around the same price level at beginning of the year.

The Getinge showed no sting in the quarterly report on Wednesday but it was important clarifications and details concerning the bill as medical technology company shall pay to the US Food and Drug Administration, FDA, after the review conducted in one of the Group’s business in United States.

The uncertainty surrounding notans extent increased recently since it was announced that CEO veteran Johan Malmquist surprising choose to add as CEO behind. But the report dispelled worries. Getinge is on the top-ten top among the winners in January.

Also, Electrolux rejoiced market on Wednesday and huddle in the voluminous number of companies around the tiostrecket. Prior to the report, the group had gone against the tide and backed down on the stock market this year. Ericsson has also released figures this week. The telecom manufacturer has had a wobbly course development after that.

But there are also disappointments in the report river. Both telecom operators have been squeezed in the wake of their quarterly reports. TeliaSonera’s report on Thursday showed that revenues and profitability falls in Eurasia. Tele 2 ditto on Friday offers lower dividends than expected and also other key ratios that do not measure up.

In the “top” of losing the list this year are, like last year, many stocks with oil business. Course Lower Comforter above all others, however, Lundin Mining. Even SSAB meets continued headwinds in the market.

The prosecutor has launched a preliminary investigation of the SCA Hank – Swedish newspaper Svenska Dagbladet

SCA’s CEO Jan Johansson reached by the news of the investigation by SvD Business.

– I have not received any information about it, but if it is so, we will of course help as much as we can, says Jan Johansson.

Can it affect confidence in you as president?

– Since I have not seen or heard anything about it so I think it’s for early for me to comment on it.

Do you own any idea if there is a risk that you committed a crime?

– Now give me the the task, I have not heard it from someone else. But it will be a preliminary investigation, we will help all we can so that it will be fine. I can not comment on that, it is a public prosecution in that case. A preliminary investigation is a preliminary investigation, it need not be prosecuted for it.

Prosecutor Thomas Forsberg at the National Anti-Corruption Unit has launched a preliminary investigation in connection with the tours around the SCA as SvD Business and N360 revealed.

According to information provided to SvD Business and N360 have police and prosecutors already secured some proof.

– I can confirm that we have launched a preliminary investigation, said Thomas Forsberg.

– Otherwise I have no comments.

Thomas Forsberg would not comment on what type of criminal charges as the investigation applies.

SvD Business confronted SCA’s CEO Jan Johansson with the information in connection with forest and hygiene company presented its financial statements on Friday.

If the prosecutor’s office will proceed with its investigation, it may last for a long time, and the consequences can be very serious for those involved.

If it turns SCA’s aircraft used for travel has actually private purposes may involve abuse of shareholders’ money, breach of trust. It is a crime that can result in a fine or imprisonment of up to two years or if it is deemed grossly imprisonment of between six months and six years.

An investigation would to treat several of the revelations SvD Business and N360 done in recent months.

As late as Thursday could SvD Business reveal that SCA’s CEO Jan Johansson with daughter went to the World Cup in Brazil with private jets. Only the cost of the flight may be estimated at just over 3 million.

But Jan Johansson and the now departed Chairman Sverker Martin-Löf has exercised forestry and hygiene company’s private aircraft in very high extent. With the plane has been found, inter alia, wives, children, grandchildren, other relatives and dogs.

Not least, it hunts, there SCA management and its guests flown by private jet and helicopters. Among the recurring guests are businessmen who Nordea CEO Christian Clausen and Folksam Chairman Anders Sundström.

Given the duo’s positions may involve a so-called undue advantage. Mutlagen tightened recently, and the offense giving or receiving of bribes may result in a fine or imprisonment of up to two years, or – if it is deemed rough – imprisonment of between six months and six years.

It could also show that it is about tax fraud.

Since previous progress two audits of the tours around the SCA. First, the accounting firm PwC to conduct a review. Because PWC has been SCA’s auditing firm for over 30 years and also including the auditor of the SCA Chairman Sverker Martin-Löf’s private companies, met the decision sharp criticism from minority shareholders.

Earlier this week appointed SCA Therefore, Johan Munck, former president of the Supreme Court, and Svante Forsberg, Chairman of the auditing firm Deloitte, to conduct a parallel investigation. The two audits will be completed before the SCA’s Annual General Meeting on 15 April.

Jay-Z buys Wimp – Realtid.se

Schibsted today announced that superstar Jay-Z buys Aspiro whose main activity is music now Wimp via the company Project Panther Bidco for 464 million Swedish crowns.

Schibsted, which owns 75 percent stake in the Streaming Media which in turn owns 75.9 percent of shares in Aspiro has accepted the offer.

The other two owners are Platekompaniet and investment company Verdane.

– Schibstedt believes that there is a great potential for the company to grow further. Aspiro need much capital to expand and is a dedicated owner to be able to compete in the global market for music streaming, says Trond Berger, CEO of Schibsted.

The article continues below

Aspiro share price closed at 0.66 Swedish crowns per share yesterday. The bid is located at 1.05 dollars on the stock.

“The price offered for the shares represents a premium of 59.1 percent for Aspiro shares in relation to the closing price on January 29, 2015, the last trading day before the announcement of the Offer “it is clear from a press release from Aspiro.

The price also represents a premium of 58.7 percent for Aspiro shares in proportion to the volume weighted average share price during the 90 calendar days ended January 29, 2015 of 0, 66 crowns, says the company.

Aspiro’s Board of Directors recommends that shareholders accept the offer.

The company has also obtained a fairness opinion from ABG Sundal Collier.

SEB is a financial advisor and Roschier Attorneys (relating to Swedish law), Thommessen (relating to Norwegian law) and Cummings & amp; Lockwood and Pryor Cashman (regarding US law) as legal advisors to
Panther.

The Board of Directors of Aspiro has engaged Mooreland Partners LLP as financial advisor and Vinge as legal advisor.

SCA’s Jan Johansson continues taciturnity’s strategy – Swedish newspaper Svenska Dagbladet

SCA's Jan Johansson continues taciturnity's strategy – Swedish newspaper Svenska Dagbladet

The anger is high among both employees, customers and shareholders for SvD’s scrutiny of private jets, hunting equipment and relatives who have received financial advisory assignments in SCA’s miljardaffärer.

But on stage is one of the protagonists and rattle off numbers, talking about cash flow and profitability, as if everything were normal.

Not a word mentions CEO Jan Johansson during his briefing on tangle that is currently shaking the company fundamentally and not least questions his assignment as president of SCA.

It is strange
– and partly sad –
SCA’s CEO Jan Johansson does not recognize the value of self discuss what happened.

It’s revelations has been a prosecutor to look into the matter, who have been critics to talk about old-fashioned elitmentaliet and that only a few days ago led to the example Emma Stenström, associate professor and renowned ethics researchers at the School, announced that she intends to boycott the SCA’s products.

Not with a word comments nor Jan Johansson the fact that his chairman, Sverker Martin-Löf was forced to resign last week and that the whole Industrivärden sphere is reeling from a historical discharge.

Martin-Löf gives up all six of his directorships, Anders Nyren disappears as Chairman of Handelsbanken and industrialist Fredrik Lundberg becomes new Vice Chairman of Industrivärden, to name just a few changes.

Only after almost an hour , in bokslutspresentationens final concluding summary, taking Jan Johansson on its own initiative cards up Hank and notifies objectively that he welcomes the independent review which has now begun of all air travel, extravagant hunting facilities and advisory assignments.

In a sense, Jan Johansson’s actions logically. SCA has from the beginning chosen taciturnity’s strategy as the means to tackle the crisis. With silence has been hoped that the storm will calm down.

SCA’s CEO started under the earth with a few exceptions and has chosen to communicate with the outside world via terse press releases or self-produced television interviews.

The strategy has been convicted by an unanimous kommunikationskår and Jan Johansson will now obviously be forced to answer questions from reporters that monitors the press conference.

SCA Batte than expected – Raises Dividend – Swedish newspaper Svenska Dagbladet

Net Sales fourth quarter was higher than analysts had expected, 27.397 billion crowns. Expected for the fourth quarter of 2014 were as Inquiry Financial net sales of 26.82 billion kronor. Corresponding quarter of the previous year was reported 23.42 billion kronor.

Exchange opened thus positive for SCA, whose B shares had risen 8 percent ten minutes after nine.

Adjusted operating income, 3.25 billion kronor, is also higher than expected, 3.049 billion crowns. Including one-time items totaling nearly 900 million, including from restructuring and impairment charges, operating income was weaker than expected. Profit before tax including non-recurring items was 2 154 million. Analysts’ expectations were according Inquiry Financial average to 2.635 billion crowns. Fourth quarter of 2013 were reported 2.676 billion crowns in profit before tax.

“Consolidated net sales for the fourth quarter of 2014 increased 17 percent compared with the same period last year. Organic sales growth was 4 percent, with growth in all business areas. Growth was primarily related to hygiene activities emerging markets and Forest Products” writes SCA in its financial statement.

The expectations of SCA’s fourth quarter, just as in the previous quarter, was that the rising dollar and higher pulp prices continue to weigh down. But quite Sweden-based forest products has also been deemed been the winner by the weaker krona.

In the financial statements, type SCA that the global market for hygiene products was affected by increased competition and low growth in mature markets, but that growth was strong in emerging markets.

“Operating profit, excluding items affecting comparability and gains in forest swaps, increased by 20 percent (3 percent, including gains on forest changes over the same period last year) and is the highest quarterly profit ever. The increase was mainly attributable to improved price / mix , higher volumes, cost savings and the acquisition of a majority stake in Chinese Vinda. Higher raw material costs due to higher prices and a stronger dollar negatively impacted earnings. The operating margin, excluding items affecting comparability, was 11.9 percent. Operating cash flow increased by 31 percent. The Board proposes a dividend increase of 10.5 percent to SEK 5.25 per share. “

Yesterday, at the close, touched SCA’s B share year high when it traded for more than 183: $ 50 , or 9 percent higher than at year-end. The share was back on the same level as twelve months ago. Over a three year period, the stock has climbed from 116 SEK to the current level.

Thursday, January 29, 2015

Ford Earnings gives 57,000 in bonuses – Swedish newspaper Svenska Dagbladet

Revenue rose from $ 34.5 billion to 35.9 billion dollars.

In North America car giant made a profit for the year of $ 6.9 billion, making the Group’s approximately 50,000 unionized employees receive an annual bonus of 6900 dollars per person, 57 000 SEK, which was lower than the year before.

Down in Asian stock markets – Daily News

Published today 9:13

The leading Asian stock markets fell Thursday.

The leading Asian stock markets fel l Thursday.

Tokyo Stock Exchange’s Nikkei 225 index was down 1.1 percent and the broader Topixindex fell as much, since several large corporations reported dismal results for the fourth quarter.

In Hong Kong had Hang Seng Index at 8:30 am fallen by 1.1 percent and the Shanghai Composite Index was down 1.3 percent.

The Chinese regulatory body for the stock market has launched an investigation of brokerages that lend money to investors who speculate in the stock market.

Kospi index in Seoul dropped by 0.5 percent and Taiwan Weighted Index fell 0.9 percent.

New chance for crashed Spyker – Swedish newspaper Svenska Dagbladet

Victor Muller hope is to have a solution with the creditors ready within a few weeks.

Spyker has had a rotten day ago Saab bankruptcy in December 2011. Last fall, the company lost a lawsuit in the US, where the company sued the former Saab owner General Motors (GM) of SEK 20 billion.

Most of Saab’s bankruptcy estate was bought by Nevs, which also had financial problems and is under reconstruction.

Riksbank should cut at a negative rate “- Swedish newspaper Svenska Dagbladet

Riksbank should cut at a negative rate "- Swedish newspaper Svenska Dagbladet

“We have a very low inflationary pressures and declining inflation expectations,” said Dillén at a press briefing on Thursday.

“In addition, other central banks, such as Switzerland, have gone before and shown that one can have negative interest rates. Riksbank should cut interest rates so that it becomes slightly negative, “he said.

He said it would be good to begin with a minor decrease and then evaluate the effects of it.

“It’s hard to know what is required. It will probably not enormous impact of a somewhat negative policy rate, but it can help a little bit,” said Mats Dillén.

“Switzerland has gone before and shown that you can be in negative territory.”

Par Österholm, director of real economic analysis at NIER.

He also said that the next bargaining round is important that the low inflation expectations are not permanent.

Par Österholm, director of real economic analysis at NIER, said that the probability has increased for the Riksbank to cut the repo rate again.

“Switzerland has gone before and demonstrated that it may be in negative territory. There are opportunities to marginally go into negative territory. One can also imagine quantitative easing, “he said.

In contrast, believe KI is not that the Riksbank will with any interventions in the foreign exchange market.

Par Österholm said that with low inflation and low and declining inflation expectations Riksbank should do more.

“It’s something you should take seriously,” he said, adding that in the short term, the decline in oil prices also put downward pressure on inflation.

The rising housing prices are in other scales, but the repo rate is not great tool to subdue them. Instead, macro-prudential measures and increased construction.

Hagglund resigns as party leader – Aftonbladet

Göran Hägglund, 56, retires as the KD-leader.

He announced his resignation on twitter before he held a press conference.

– I has this morning spoken to the Chairman of the Nomination Committee and announced that I resign, he said.

The Christian Democrats called a press conference without saying why immediately started speculation that Göran Hägglund would resign.

He has led his party since 2004, when he succeeded Alf Svensson, and has worked for eight years in the former Alliance government, where he had responsibility for the Swedish healthcare system.

broke the news himself

Göran Hägglund himself broke the news a few minutes before the press conference in parliament started. In a tweet he wrote: “In about three minutes, I begin a press conference where I announce that I will leave the task as leader of the Christian Democrats.”. Tweet had retweetats over 700 times in minutes.

When he took his place at the speakers inside the parliamentary press room began Göran Hägglund press conference in the same way as he had done so many times before – by taking a picture of the many overall photographers with his camera phone.

Shortly afterwards he told me that he had just announced its decision to the Committee for the Christian Democrats and that he will propose to the party to convene a special riksting in the spring to choose his successor.

– The reason this schedule is that a new leader should be elected and then get a chance to influence the political content designed in conjunction with the national convention held in October, says Hägglund.

The wife was involved in the decision

According to Göran Hägglund, he made the decision to resign in agreement with his wife, Karin.

– Although I really enjoy the task is it is nevertheless true that the years go by. Eleven years on the party leader does his. I think it’s very good for my party to get some renovation and new faces to show up and for you to meet, he said.

Hägglund emphasized that he does not intend to interfere in who should succeed him . And also that his decision not had anything to do with the December agreement that the Alliance signed with S / MP government.

He summed addition, his long political career and what he sees as his greatest successes.

– Something that has changed the lives of many is the abolition of the property tax, it had the strength to ask that both spoke to the wallet, but also stemmed from a valuation of ownership and stability for individuals. The formation of the Alliance is also a milestone I will always remember and years as minister, he said.

End who co-founded the Alliance

Hagglund is the last of the four party leaders who co-founded the Alliance. But he does not believe that the cooperation will deteriorate when all soon to be replaced.

– The amazing thing is that through skill and luck found a shape that worked. The shape is sensibly designed and made that it worked when people changed.

KD has over the years often balanced around four percent threshold, but Hagglund himself in confidence measurements often been more popular than his own party.

In the last elections were KD 4.57 percent of the vote. The party has the Municipality of days in February and riksting on 8-11 October this year.

Wednesday, January 28, 2015

It is reported to be the biggest gain in a quarter ever. – Aftonbladet

Apple hysteria reaches new levels.

Before the Christmas period, the company sold 74.5 million phones – and the most recent quarterly report showed a profit of $ 18 billion.

It is reported to be the biggest gain in a quarter ever.

The launch of the iPhone 6 got Apple’s earnings for the fiscal first quarter, which ended Dec. 27 , to rush to the ceiling.

Reuters said the company sold 74.5 million iPhones. During the same period, the company made a profit of $ 18 billion, which is significantly above expectations.

Successful commerce in China

sales were $ 74.6 billion, an increase of 29.5 percent compared with the same period last year.

The increase is due according to the New York Times on the great success in China after a series of steps to respond more aggressively to compete with other mobile manufacturers in the dictatorship.

Biggest win ever

According to news site TechCrunch’s record profits the largest company ever made in a quarter. Previously, the title held by the Russian gas giant Gazprom, which earned $ 16.2 billion in one quarter.

According to TechCrunch means the profit that Apple made about $ 8.3 million per hour in profit during the quarter. In Swedish kronor, equivalent to just under 68 million per hour.

Several hospitals pulls the emergency brake – Dagens Industri

Several hospitals pulls the emergency brake

2015-01-28 22:04

Many Swedish hospitals have been severely strained in recent times. At least eight Swedish major hospitals have gone in staff position since the New Year, writes Swedish newspaper Svenska Dagbladet.

This means that the planned treatments can be set up and staff required to work overtime. The reason may be lack of staff leading to closed beds.

One of the hospitals that went in staff position for almost a day in January, the South Hospital in Stockholm.

The medical safety was never in danger, but it was full at the hospital while we did not get in the way of pre-treated patients, says medical director Maria Bennermo to SvD.

Helsingborg Hospital went up another step on the scale and had backup mode for a few days in January. Some patients were sent for example to other hospitals and some operations were stopped.

It feels very bad to have to take it, says Björn Zackrisson, the head of Skåne Care Sund, told the newspaper.

Although he says there was never any danger medically.

Getinge: Looks acquisition capacity of 6-7 billion – FC – Dagens Industri

Getinge: Looks acquisition capacity of 6-7 billion – FC

2015-01-28 15:55

 (SIX) medical technology company Getinge's acquisition capacity amounts to  Currently at 6-7 billion.       It says Getinge's finance director Ulf Grunander during today  teleconference.       Also in connection with the report for the third quarter of 2014 was reported  acquisition capabilities lie on 6-7 billion.    Magnus Bernet +46 8586163 85  mailto: magnus.bernet@six-group.se  www.blogg.six.seSIXNews  SIX News

Stockholm: Nordea and Elux fueled the rise, OMXS30 + 1.9% – Dagens Industri

Stockholm: Nordea and Elux fueled the rise, OMXS30 + 1.9%

2015-01-28 17:42

(SIX) Stockholm Stock Exchange turned a gloomy Tuesday to a brilliant Wednesday. Behind today's rise was mainly Nordea after a report among other things, offered a higher dividend than expected. Second Annual Report who also excelled in the positive sense was, Electrolux, SKF and Getinge. Together, alone, Nordea and Electrolux for over half of today's rise in the OMXS30 index. H & amp; M went against the tide after a report that fell short of expectations. SIX General Index closing up 1.6 percent to 484 and OMXS30 index increased 1.9 percent to 1,563. Turnover was 24.1 billion on the Stockholm Stock Exchange and 34.0 billion including the alternative trading venues Bats, Burgundy, Chi-X and Turquoise. Nordea was the first of the major Swedish banks with the financial statements. Operating income was roughly as expected while dividend of 0.62 euros per share exceeded the consensus at 0.57 euros. Other positive elements was hi gher net commission income and lower loan losses than expected. Nordea's net interest income and cost were disappointments in Report according to Exane BNP Paribas analyst Andreas Håkansson. "I believes that the market today will focus more on the unexpected high dividend, "he told Dow Jones Newswires. Nordea rose 8.8 percent, as today's most actively traded shares in Stockholm, and was also the shares that lifted the index most. Ball bearing manufacturer SKF's financial statements offered a worse result than expected disregarding negative non-recurring items. Given that these were larger than-expected quarterly profit was slightly above expectations, showing SIX News / Inquiry Financials analyst consensus. Meanwhile quarter sales 3 percent better than analysts were expecting and SKF came with both an increase in the first -quarter forecasts and a surprising savings program with the goal of save 1.2 billion per year. The shares were trading up 4.5 percent for day. Getinge lifted 11 percent. Worse-than-expected quarterly results on profit and revenue were offset more than offset by the medical technology company announced quantified costs related to discussions with the US regulatory authority FDA. Risk reduction and increased visibility will be the effect, said Swedbank pharmaceutical analyst Johan Unnerus SIX. Another winner was Electrolux. The white goods manufacturer financial statements surpassed analyst expectations on a broad front. Furthermore raised Electrolux its market forecast for 2015 regarding Europe. "If you ask about the European division's margins and profits will be better in 2015 compared to 2014, I say yes. But I do not improvement rate will be as high as it was in 2014, compared with 2013, "said CEO Keith McLoughlin SIX. Electrolux shares advanced 12 percent. Scania's financial stateme nts boosted truck competitor Volvo's share. Scania's order intake increased overall in the fourth quarter, with a strong ending the year on its European markets. Volvo step 3.7 percent. Scania is now a subsidiary of the German Volkswagen. H & amp; M's report this morning showed a slightly worse result than expected. They also announced the clothing giant to market to external factors was slightly negative for the purchase period until the fourth quarter. Exanes analysts predict continued pressure on margins for the company. Citi found, however, that the report was solid and continues to köprekommendera. H & amp; M were down by 1.0 percent and was the share that held back the index rises most. Investor summed up in 2014 with total return for the share of nearly 33 percent while the dividend was increased 8-9 per share. More interesting, however, was the investment company's announcement that the current CEO Börje Ekholm hands over to the Investor Director Johan Forssell and instead become head of Patricia Industries - working title of an upcoming division where Investor many and large unlisted investments will be collected. Shares rose 1.4 percent. Qliro Group, formerly Hut, accounting for today's belly flop. The Share decreased 7.5 percent after a report analyzing the house Remium described as "skimmed". Last year's black numbers on the last line of the quarter was förbytta to red numbers. Lundin Petroleum saw his recommendation lowered to Neutral from purchase of UBS, while Elekta's recommendation was lowered to defer the purchase by Danske Bank. Lundin Petroleum fell 2.4 percent and Elekta folded down 0.6 per cent. When the market is well melted clearly today's reports will gaze likely to be looking towards tonight's monetary policy decision from US Federal Reserve, at 20:00 Swedish time. Indices later today% year% SIX Ge neral Index 484 +1.6 +6.2 OMX Stockholm 30 1563 +1.9 +6.7 SIX Return Index 877 +1.6 +6.2 SIX Sweden cyclic 15418 +2.1 +5.0 SIX Sweden defensive 15476 +0.9 +5.7 SIX Volatility Index 13.6 -10.4 -13.2 Magnus Bernet +46 8586163 85 mailto: magnus.bernet@six-group.se www.blogg.six.seSIXNews SIX News

A solkart cases of conflict of interest “- Swedish newspaper Svenska Dagbladet

A solkart cases of conflict of interest "- Swedish newspaper Svenska Dagbladet

In early 2011 ‘d municipal government in Pajala decide on the plan of Northland Resources mine in Kaunasvaara, outside Pajala. The zoning plan had been stopped by the County Administrative Board of Norrbotten, since it lacked a description of how the mine would affect the environment.

At the same time, contact Northland Recourses Harry Rantakyrö, then vice mayor, councilor and chairman of the technical committee, and offers him a job.

On February 8, the municipal government decides that it will appeal the County Administrative Board’s decision to the Government, and require the undandröjs. Municipal government also decides that you should continue the work plan of the mine while waiting for a response from the government.

April 1, less than two months later, the Harry Rantakyrö work in Northland Resources personnel department. SvD Business can now reveal that he discussed with the company about the position while he was involved in the decision on the plan.

An obvious case of disqualification, according to the Institute against bribery.

– In that case the Municipal Act is very clear. If you are elected and somehow personally affected by an issue then you should step aside. This applies not only at the decision, but throughout the process, says Helena Sunden, Secretary General of the Institute against bribes to SvD Business.

Harry Rantakyrö applied for a job at Northland Resources back in 2010, when he moved back to their home Pajala from Kiruna. When the company offered him the job in early 2011, he thought did not last long, he says to SvD Business.

– I did not need more than 2-3 seconds for me to answer. Jobs do not grow on trees up here right away, says Harry Rantakyrö.

You were thus in contact with Northland about job while you sat in council and decided on the zoning plan?

– No, I was not in the municipal government of the turns. I was only a member of the council then.

You were of course also with the municipal government, I see here on the minutes of the decision?

– Yes, I did. It’s so long ago that you get prospective tightly.

Do you see any problem with that?

– No, I do not see any trouble with it . I was not employed yet, I had just received an expression of interest from them. And it was not that I had any role in Northland.

Two other Members of the municipal government which had links to the mine reported the other hand, biased, and did not participate in the decision about the plan. It was Johny Lantto (S), which owns the land where the mine is now, and Maria Alldén (V) sat in the municipality’s planning and environment committee and was one of those who had developed a detailed plan. Harry Rantakyrö reported but not disqualification.

– No, I did not report a conflict of interest in that I was not employed at Northland yet. We did not have a contract of employment.

But, according to the Institute against bribery does not matter.

– It has no importance whatsoever if one is not employed yet, but the question is whether it has a personal interest. Is it even close to such a situation, you should flag it. It should be pretty easy to understand, says Helena straits.

According Sunden would Northlands job offer in itself be considered a bribe.

– It must prosecutor at the National Anti-Corruption Unit decide, but if one makes decisions for the entire municipality’s behalf because they want to promote their own starting position for future employment, it could fall within the scope of a bribe. Is it so it is very serious, but that there is even a suspicion is bad enough, she says to SvD Business.

Harry Rantakyrö left the council and technical committee in May 2011, but remained seated in the council even after He began working at Northland Resources. According to the municipality has no further decisions have been made about the mine at the time.

In September in 2014 was elected Harry Rantakyrö to the new Mayor of Pajala, after Kurt Wennberg (S). On 15 December he finished in Northland, a week after the board requested the company into bankruptcy, and at the end he became mayor.

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Stockholm: Nordea and Electrolux report winner, OMXS30 + 0.6% – Dagens Industri

 (SIX) Stockholm Stock Exchange has pulled up this morning with a focus
  on the reporting large companies, Electrolux, H & amp; M and Nordea. Later in the
  Today is expected to further exciting reports from Scania and SKF.
  
     SIX General Index was at 10:07 up 0.6 percent to 480 while
  OMXS30 index increased 0.8 percent to 1,545. Turnover was 4.1
  billion on the Stockholm Stock Exchange and 5.5 billion including the
  alternative trading venues Bats, Burgundy, Chi-X and Turquoise.
  
     Nordea was this morning the first of the major Swedish banks with
  reporting for the fourth quarter. Operating profit was about as
  expected in the market, while the dividend of 0.62 euros exceeded
  consensus as low at 0.57 euros per share. Other positive elements were
  higher net commission income than expected and lower loan losses than expected.
  Net interest income was also weak   er than market expectation.
  
     Nordea shares rose 5.3 percent. The sector climbed by 2.0 SEB
  percent and Handelsbanken rose 1.6 percent.
  
     Electrolux presented higher numbers on a broad front over
  analysts’ expectations. Adjusted operating income was
  almost 3 percent better than expected. Other positive factors
  supports shares today was the company raised its market forecast for
  Europe in 2015 to an increase of 1-2 percent, from previous
  estimated 0-1 percent. In addition, the Company has revised the assessment of
  positive commodity effects during 2015th
  
     The company’s CEO Keith McLoughlin commented that “the Group
  is well positioned for continued growth during 2015 “.
  
     Electrolux shares rose about 9 percent.
  
     Clothing giant H & amp; M showed better than expected results for the brok   en
  the fiscal fourth quarter and the company’s forecast for sales
  In January 2015, an increase of 14 percent in local currencies compared to the
  corresponding month of the previous year.
  
     However, assessed the company that the market for the external factors,
  such as commodity prices, cost inflation, the capacity of suppliers,
  purchase currencies and transportation costs, was slightly negative for
  the purchase period to the fourth quarter. This is mainly due to the
  increased cost inflation, compared to the same period purchases
  previous year. The share dropped by 2.2 percent.
  
     Investor reported a higher net asset value and an increased dividend
  compared with the previous year.
  
    Börje Ekholm, who in May replaced by Johan Forssell, also announced
  that the two largest unlisted subsidiaries Mölnlycke Health Care and
  Permo   bil developed “well” in the past fourth quarter. Aleris sees
  However, “operational challenges”.
  
     Shares were up 0.5 percent.
  
     Probi reported a profit before tax of 7.0 million for
  the fourth quarter of 2014 compared with 3.5 million in
  previous year. Furthermore, estimates CEO Peter Nählstedt that there are good
  conditions for continued good growth in 2015 with new
  product launch and new recruits. Shares were up 6.4 percent.
  
     Qliro fell 6.4 percent after the faintly reported quarterly results
  before tax of SEK -10 million compared to SEK 20 million
  corresponding quarter of the previous year.
  
     HiQ also reported a profit before tax that was under
  expectation where the operating margin ended at 12.4 percent, compared with
  waited 13.3 percent. Shares were up 0.2 percent.
  
     Fur   thermore, the expected reports released from Scania, Getinge and SKF later
  in the afternoon.
  
  
  Indices later today% year%
  
  SIX General Index 480 +0.6 +5.2
  OMX Stockholm 30 1545 +0.8 +5.5
  SIX Return Index 869 +0.6 +5.2
  SIX Sweden cyclic 15415 +1.1 +4.0
  SIX Sweden defensive 15472 +0.1 +4.9
  SIX Volatility Index 14.2 -6.4 -9.3
  
  Gabriel Cardona Cervantes
  mailto: gabriel.cardonacervantes@six-group.se
  www.blogg.six.seSIXNews
  SIX News

Stockholm: Exchange gives big corporations reporters thumbs up, OMXS30 + 1.5% – Dagens Industri

Stockholm: Exchange gives big corporations reporters thumbs up, OMXS30 + 1.5%

2015-01-28 14:38

(SIX) After another round of big corporations reports listed Stockholm Stock Exchange steady gains and new daily high during the Early Wednesday afternoon. Rapporteurs after noon included SKF and Getinge, where the market slips received positively. Among morning report company keeps the lift of Nordea and Electrolux itself while H & amp; M-accounts placed shares that today's Index sinker. "It's not cheap," noted Investor's CEO Börje Ekholm around company valuations in the stock market and in private equity transactions. Investors financial statements offered several news. SIX General Index was seen at 14:25 up 0.6 percent to 480 while OMXS30 index increased 0.8 percent to 1,545. Turnover was 12.7 billion on the Stockholm Stock Exchange and 18.2 billion including the alternative trading venues Bats, Burgundy, Chi-X and Turquoise. Ball bearing manufacturer SKF's financial statements offered a worse result than expected disregarding negative non-recurring items. Taking into account that these were larger-than-expected quarterly profit was slightly above expectations, shows SIX News / Inquiry Financials analyst consensus. Meanwhile, the quarter's revenue, however, 3 percent better than analysts were expecting and SKF came with both an increase in the first -quarter forecasts and a surprising savings program with the goal of save 1.2 billion per year. The stock has traded up 4.0 percent for day. Getinge lifted 10 percent. Worse-than-expected quarterly results on profit and revenue were offset more than offset by the medical technology company announced quantified costs related to discussions with the US regulatory authority FDA. Risk reduction and increased visibility will be the effect, said Swedbank pharmaceutical analyst Johan Unnerus SIX. Scania's financial statements boosted truck competitor Volvo's share. Scania's order intake increased overall in the fourth quarter, with a strong ending the year on its European markets. Volvo rose 3.2 percent. Scania is now a subsidiary of the German Volkswagen. H & amp; M's report this morning showed better than expected quarterly results. However, announced the clothing giant to market to external factors have been slightly negative for the purchase period until the fourth quarter. Exanes analysts predict continued pressure on margins for the company. Citi found, however, that the report was solid and continues to köprekommendera. H & amp; M backed by a modest 0.7 percent and was the shares that held back the index rises most. Electrolux financial statements surpassed analyst expectations on a broad the front. In addition raised the appliance manufacturer's market forecast for 2015 regarding Europe. "If you ask about the European division's margins and profits will be better in 2015 compared to 20 14, I say yes. But I do not improvement rate will be as high as it was in 2014, compared with 2013, "said CEO Keith McLoughlin SIX. Elux shares lifted 12 percent. Nordea was the first of the major Swedish banks with the financial statements. Operating income was roughly as expected while dividend of 0.62 euros per share exceeded the consensus at 0.57 euros. Other positive elements was higher net commission income and lower loan losses than expected. Nordea's net interest income and cost were disappointments in Report according to Exane BNP Paribas analyst Andreas Håkansson. "I believes that the market today will focus more on the unexpected high dividend, "he told Dow Jones Newswires. Nordea rose 6.9 percent and was the share that lifted the index most. Investor summed up in 2014 with total return for shares in the near +33 percent while the dividend was increased 8-9 per share. More interesting, how ever, was the investment company's announcement that the current CEO Börje Ekholm hands over to the Investor Director Johan Forssell and instead become head of Patricia Industries - working title of an upcoming division where Investor many and large unlisted investments will be collected. Shares rose 1.0 percent. When the market is well melted clearly today's reports will gaze likely to be looking towards tonight's monetary policy decision from US Federal Reserve, at 20:00 Swedish time. Indices later today% year% SIX General Index 483 +1.3 +5.9 OMX Stockholm 30 1557 +1.5 +6.3 SIX Return Index 875 +1.3 +5.9 SIX Sweden cyclic 15419 +2.2 +5.1 SIX Sweden defensive 15475 +0.8 +5.6 SIX Volatility Index 13.7 -9.8 -12.6 Johan Eklund, +46 31 350 64 87 mailto: johan.eklund@six-group.se www.blogg.six.seSIXNews SIX News

Nordea record Raises Dividend – Daily News

Published today 8:55

The Financial Supervisory Authority’s repeated calls for restraint in banks’ dividend to shareholders echo unheard. Nordea has responded to this increase the dividend by 44 percent. Join the ranks Nordea other major banks in which nearly 75 of 100 crowns profit goes to the owners.

             < br />

Financial Supervisory Authority’s repeated calls for restraint in banks’ dividend to shareholders echo unheard. Nordea has responded to this increase the dividend by 44 percent. Join the ranks Nordea other major banks in which nearly 75 100 profit is allocated to the owners.

This year plastering rotation of the banks billions in profits began today with Nordea presents a profit of 10.8 billion (1.2 billion million) for the fourth quarter of 2014. Meanwhile, the dividend party to the owners. The Board of Directors proposes that a dividend is raised to 0:62 euros per share (approximately 5:60 dollars). This should be compared with the dividend last year was 0:43 per share (approximately 3:90 dollars).

Nordea thus distribute more than 23 billion in profits in 2014. That represents a 75 percent gain over 56 per cent last year.

CEO Christian Clausen states that the Bank’s aim “remains to increase the dividend ratio for 2015″ without it encroaching on the bank’s capital base. The Bank intends therefore to distribute more of a billion profit for its owners.

Swedbank raised in early 2013 its dividend policy to 75 percent, which means that 75 out of 100 crowns of Swedbank’s profits may be distributed to shareholders.

DN could order a couple of years ago show that more than half of banks’ total profits went to shareholders. This year’s record increase of Nordea at 44 percent means that the bank is approaching the three other major banks, Swedbank, SEB and Handelsbanken in terms of how much of a billion profits will go to the shareholders. SEB shared for fiscal year 2013 out 59 percent of the profits

Financial Supervisory Authority and the then Finance Minister Anders Borg’s repeated demands following the financial crisis on the demonstration of restraint in dividends echoed then unheard and obviously continues to do so.

Nordea’s net interest income, the difference between interest rates on deposits and loans, for the last quarter ended at 1.4 billion euros (12.7 billion). A large part of the result, households through their mortgages.

Christian Clausen nevertheless expect a low growth even in 2015, which will dampen demand for loans

“Additionally continues customer behavior change. We intend to continue to increase efficiency, which will result in a cost reduction of 5 percent in local currencies in 2015 compared to 2013, “he writes in the report.

Mixed Nordea – Private Businesses

Nordea reported operating income of 1.157 billion euros in the fourth quarter. That compares with waiting 1.113 billion euros, according to SME Direkt.

Net interest income was 1.356 billion euros, against waited 1.386 billion euros, and loan losses amounted to 129 million euros. Expected, losses on net 167 million.

A dividend of 0:62 per share (0:43), compared with the expected 0:57 euros.

lower loan losses than expected

Nordea’s loan loss provisions amounted to EUR 129 million in the fourth quarter, corresponding to a loan loss ratio of 15 basis points. That compares with an expected 167 million euros, according to SME Direkt and € 112 million the previous quarter.

“Provisions for future credit losses in Denmark increased slightly from last quarter due to collective provisions relating to the agricultural sector. Provisions in Russia increased from very low levels. In other areas, losses were relatively stable with normal fluctuations between quarters, “writes Nordea in this report.

* In Banking Denmark increased loan loss ratio slightly between the third and fourth quarter to 0.31 percent of lending contracted loan loss ratio was 0.17 percent, while doubling in Norway for 14 points.

* In Banking Sweden turned small credit recoveries in the third quarter to less losses.

* For Banking Russia increased loan loss ratio from 0.12 percent to 0.77 percent of total loans.

* In Shipping Nordea reported recoveries equivalent to 0.24 percent of loans in the quarter.