It is the Spanish competition authority CNMC investigating the market for incontinence products. A number of companies are fined, including SCA. The infringements should have taken place between 1996 and 2014.
SCA disagrees with the assessment, but aside money for fines as a “recurring” item in the second quarter in 2016.
SCA’s sales last year was 115 billion.
Traffic Authority submitted in December a calculation that landed in the broad range 190-320 billion for high-speed trains.
– it was justified, depending on the route and that there was uncertainty about the technical solutions. We have better knowledge today, explained the Finnish Transport Agency’s Director General Lena Erixon at a press conference.
The new estimate for trains between Stockholm and Gothenburg / Malmö stop at 230 billion, plus or minus 30 billion. Thus, less than estimated in December, but the figures are still uncertain, according to the work.
According to the Finnish Transport Agency, the decrease is partly to new positions on the technology to be used and partly on the results of Sweden Hearing attending the discussions with the concerned municipalities. They have led to the planned branch lines and Jönköping abolished.
Previously, it emphasized that a large cost is attachment of the tracks, a measure to prevent the soil sink, and that the path may not have any changes vertically or laterally.
A large part of the route will also go on the bridge or through the tunnel. In addition, it is estimated shields of noise cost more than estimated.
Researchers at KTH pointed out in a recent report that the course does not have to be as expensive as previously estimated. Meanwhile, there are scholars who argue that high-speed trains risks being overtaken by other technologies when the tracks are completed by 2030.
The government’s own expert body, the Fiscal Policy Council, condemned recently the high-speed trains as an economically very unprofitable business.
Transport Administration also on behalf of the government calculated how much it would cost to build out the existing south and west trunk lines.
in order to cope with speeds of 250 km / h will cost 115-130 billion, plus or minus 20 billion. If the speed is lowered to 200 km / h stops cost of 90 billion, with a margin of error of 15 billion.
Although these costs are uncertain, according to the Finnish Transport Agency.
Just 13 o’clock today, Annelie Nordström hit the club in the pulpit and explain the union MWU 29th Congress opened. There will also be the beginning of her own resignation after six years as President of the LO’s largest union.
After the tavern, representation and apartment scandals Aftonbladet revealed last winter it had been able to be a union in crisis gathered . The deal will cast its shadow over the People’s House in Stockholm. But that’s not the whole picture.
Congress delegates can also summarize a strong bargaining. Experts in the leadership side agreements podcasts Pay-day appointed for the nurses to the winners in this year’s wage – at least in the short term. For a union is nothing more important.
In the negotiations got through Municipal principle that certain occupational groups are not only poorly paid, but actually felavlönade. What is the long term will mean for gender equality remains to be seen.
A conference in a large municipal unions is always a news event. The question is still if the Municipal Congress this year is second to none. Congress delegates have a lot there to consider.
An unprofitable luxury restaurant, a porn star on the stage, generous representation and apartments that were handed out to friends and social-tops. The list just goes on.
In parallel with wage negotiations, the union in the spring had to work with an action plan to bring order to the organization.
One of the first decisions the representatives must make is whether Nordstrom is granted discharge.
the greatest attention is still the choice of Nordstrom’s successor to get. Three prospective buyers have come forward. Tobias Baudin who today is vice president of LO, Berit Müller Power, Section Manager of the Municipal union offices and finally the Social Democratic parliamentarian Veronica Lindholm.
The Nomination Committee presents its proposal today, the choice will be made tomorrow.
Open personal battles may not belong to everyday life of a trade union movement where the succession has often been nearly as orderly as the royal family. But perhaps it is changing, and at the Municipal actually has a history of elections in which candidates standing against each other.
Personally, Annelie Nordström her to leave as a winner rather than a loser. Maybe she’s right.
The one who gets assigned to replace her, however, has a very clear task ahead of it, to restore the confidence of the members.
MWU members deserve a union they can trust .
Traffic Authority submitted in December a calculation that landed in the broad range 190-320 billion for high-speed trains.
– it was justified, depending on the route and that there was uncertainty about the technical solutions. We have better knowledge today, explained the Finnish Transport Agency’s Director General Lena Erixon at a press conference.
The new estimate for trains between Stockholm and Gothenburg / Malmö stop at 230 billion, plus or minus 30 billion. Thus, less than estimated in December, but the figures are still uncertain, according to the work.
According to the Finnish Transport Agency, the decrease is partly to new positions on the technology to be used and partly on the results of Sweden Hearing attending the discussions with the concerned municipalities. They have led to the planned branch lines and Jönköping abolished.
Previously, it emphasized that a large cost is attachment of the tracks, a measure to prevent the soil sink, and that the path may not have any changes vertically or laterally.
A large part of the route will also go on the bridge or through the tunnel. In addition, it is estimated shields of noise cost more than estimated.
Researchers at KTH pointed out in a recent report that the course does not have to be as expensive as previously estimated. Meanwhile, there are scholars who argue that high-speed trains risks being overtaken by other technologies when the tracks are completed by 2030.
The government’s own expert body, the Fiscal Policy Council, condemned recently the high-speed trains as an economically very unprofitable business.
Transport Administration also on behalf of the government calculated how much it would cost to build out the existing south and west trunk lines.
in order to cope with speeds of 250 km / h will cost 115-130 billion, plus or minus 20 billion. If the speed is lowered to 200 km / h stops cost of 90 billion, with a margin of error of 15 billion.
Although these costs are uncertain, according to the Finnish Transport Agency.
Work to clean out the old has only just begun and we have a long way to go. Local government is facing tough challenges. The past six months has left deep scars in the organization. Those who lost most of the recent turmoil is the union members and elected representatives. Many trade unionists in the workplace has been forced to devote his time to explain the scandals, while important union issues to stand aside.
I do fully the frustration that many feel when the talks focused on entertainment rather than contract issues. MWU members have rightly questioned his membership in the union. This is not sustainable in the long run if we are to continue to be the largest and strongest unions. As a member, one must always feel that you have a strong organization behind when taking the discussion with their employers.
MWU members are the cornerstone of the Swedish welfare state. It is kommunalare every day taking care of our children, care for our sick, and gives us a secure old age. There are those, usually low-paid women, who wear the society on their shoulders.
How is rewarded most of their efforts? Less resources that lead to stress and pressure, tough conditions with part-time jobs and split workouts that make it almost impossible to live a normal life outside of work. Many also become sick. There must be an end to it!
I is elected to the Municipal President, I will do everything that the union will grow and become stronger. Three things are particularly important:
first Put members’ health and safety, wages and working conditions in the center. It is our damned duty to ensure that conditions are getting better. We must strengthen our organization by including raising workplace delegates. I will also deal with the bad culture that seems to have sat in the walls in some parts of the Federation.
2. Be much tougher against politicians. Society must seriously begin to focus on welfare again. The welfare should not only be maintained, it will be better and apply to all on equal terms. The workforce must increase and 100,000-century needs to be employed. Success requires that all forms of diamond lanes disappear and that money does not run off to the well-being of the capitalists tax havens.
3rd Strengthen opinion formation. Local government is Scandinavia’s largest trade union, and it should also be noticed in the debate. We will seriously set the agenda and influence its development so that it benefits the Municipal members.
I ready to work with Kommunal members and elected representatives take the battle against employers, politicians, welfare capitalists and other when dealing with members’ best. For what is good for MWU members are also good for Sweden. A good and functioning welfare is a prerequisite for growth and development.
I absolutely convinced that the major fighting is ahead of us and that a better society is possible. It is today, as before, of equality and justice. We need to get more people to see and understand that without the MWU members stay Sweden.
The World Wildlife Fund (WWF) banishes the Thai chicken meat since the Thai producers use too much antibiotics in livestock farming, according to the WWF. The call comes at the launch of the annual Meat Guide. Much of the Thai chicken meat supplied to caterers in the public sector and to restaurants, says WWF’s Secretary General Hakan Wirtén.
– Thai chicken is a pretty big part of the chicken eaten in Sweden today, and is often the anonymous meat that you do not know where it comes from. The risk is that if you over use of antibiotics will be getting resistant strains and bacteria, and then we risk being left without medicines for both common and serious diseases, he said.
The WWF would like consumers to a greater extent be ask where the meat in restaurants comes from, something that is common with fish.
Meat Wizard premiered in 2015. New for this year’s updated version is thus to antibiotics is listed as a fifth and additional criteria to the four included since its inception (see box).
To get the green light existing antibiotics are demands from WWF that it may not be used for growth promotion, use only when prescribed by a veterinarian, detailed documentation and investigation and action in cases antibiotics used repeatedly.
the organization has taken up the criteria on antibiotics as FMCG recently adopted for its contract work and then adapted them to meat the guide’s structure, explained Anna Richert at the presentation of this year’s edition.
She is an expert within sustainable food by WWF and also highlighted that vegetarian protein, the greater scope in this year’s guide. Several vegetarian and vegan products have been included.
– You have to be inspired to eat more vegetarian and less and better meat, she said.
Anna Richert message was that consumers should avoid the anonymous meat and instead choose the meat carefully to in good conscience really able to enjoy it.
Swedish meat generally fall well out of the wizard while example chicken meat imported from Asia get a red light because of the widespread use of antibiotics.
WWF’s wish is that more restaurants will be inspired by the wizard, and the greater will be used for procurement.
the organization also wants better collection of data on the use of antibiotics for the various meats Act and a clear political leadership for sustainable meat.
Magnus Därth, president of the trade organization meat processing company, thinks that the guide is too simplistic and undifferentiated in the assessment of foreign meat.
– you miss that when these products are sold to Sweden it is done an adaptation to the Swedish requirements, terms such issue obedövad slaughter where there is the stunning of animals at the sale to Sweden, he says to lantbruk.com
– We will in 2017 to cooperate with the WWF to provide more information and knowledge about the imported meat.
the location was also Elizabeth Qvarford, CEO of Swedish meats.
– this wizard is Swedish meat natural choice, she says.
– At the same time, I think it is a bit obtuse. There is a wide range in the Swedish breeding, but this much is baked together. I also think there is reason to look at the underlying statistics about the data on consumption.
LRF welcomes that the antibiotic has been included in the assessment. The union, however, critical to the guide lacks analysis of the positive climate effects of grazing and grass cultivation.
In part based guide on outdated facts and old calculation methods, claiming LRF.
US chief trade negotiator Michael Froman and President Barack Obama. (Archives) Photo: IBL
– We have made very good progress over the past six months and must ensure that this will continue and accelerate. Political will is required on both sides to dispel the myths that are out there – and clarify what TTIP is and is not, says Michael Froman.
Froman visiting right now Stockholm where he, together with EU Commissioner Cecilia Malmström, LO and the Confederation of Swedish Enterprise to discuss free trade.
Sweden has always been , the world’s most free trade-friendly countries and been an ally of the United States, in places as something of a American wedge into the EU after membership. The importance of being clear with TTIP negotiations were also included in the communique after the Nordic Summit recently.
– The administration want it and for us it has free trade has always been important – exports account for 50 percent of our GDP, said Stefan Löfven then and announced that the topic has been raised in the talks with Obama, as well as the position that the US-EU should set the agenda for global trade.
Löfven listed below his days in Washington resistance grows in several EU countries, but stressed that a consensus exists on the basis of a contract are set location. If it turns out that some sour dough must be lifted out maybe it is necessary, according to Löfven but warning that it should not become a “TTIP light”. And about a possible presidential Trump, he had this to say:
– I would say that it is much more difficult, the United States becomes more isolationist. But even with another president, it would be harder to take over an ongoing negotiation, said Stefan Löfven.
The idea behind TTIP-launched three years ago was a transatlantic marker a financial fresh start. But instead of demonstrating people in a few major European cities and the US presidential candidates expressed doubts on free trade.
Both in the US and Europe ferment it in swathes. People think that they have had to pay too high a price for globalization and are suspicious of yet another agreement, TTIP, Transatlantic Trade and Investment Partnership. This despite the fact that there would be a continuation of the free trade traditions that prevailed backing over a nearly 70-year era, which contributed to increased yield and growth. Skeptics point now that transparency in TTIP talks are too small, but negotiators are defending themselves with the necessity.
At the same time suggesting a couple of recent US studies that agreement NAFTA, North American Free Trade Agreement, and trade exchanges with China contributed to the pressure on the US labor market, but on the benefits that cheaper clothing, electronics, etc. are taken into the picture becomes more complicated.
the global liberalization of trade began in earnest with the GATT 1947.
a number of free trade rounds followed until 1994, when a large number of countries agreed that based World Trade organization opened the doors to its office in Geneva in 1995.
Hopes that the current so-called Doha round to be rose in the port has not been fulfilled. Instead included many countries bilateral agreements.
The opposition could not have come at a worse time. Negotiators on both sides of the Atlantic in a hurry. If no agreement is reached on the content (and there are many stumbling blocks left) before year-end risk TTIP to fizzle out given the US presidential election and future elections in the heavy European countries.
On the American side include an irritable impatience because TTIP idea came from the EU. President Barack Obama pulled their weight by getting with the recalcitrant forces in his own party and has since become an effective spokesman for the project, they say. European politicians who get a taste of the kind of violent protests that Americans have been accustomed to for 20 years, must now take a clear stand for TTIP.
The top official , which handles US negotiations the title of the US Trade Representative and the office in an old house set back from the White house. Michael Froman, is a veteran with a number of senior positions in the Obama administration.
– The debate on TTIP is not based on facts, to the extent I wish, said Michael Froman dry.
With that he means a lack of insight into things that it actually is to harmonize rules in high-wage countries, the objectives on environmental, health and safety principles are the same, that even small businesses would benefit – and, on a deeper level , the US and the EU must take the lead and establish the rules that will apply to the continued globalization.
– We are aware that trade is a sensitive topic. We produce more in manufacturing than ever before, but the combination of wage stagnation and income inequality has made people uncertain. Then tend trade to become a target to which they address their financial concerns, said Michael Froman.
EU Commissioner Cecilia Malmström. Photo: IBL
TPP Trans-Pacific partnership which was signed in February this year by twelve countries around the Pacific. But TPP has not entered into force.
TTIP, Transatlantic Trade and Investment Partnership, the 28 EU members and the United States began negotiating in 2013. Representatives both sides meet regularly, either in Europe or in the United States, the Swedish Commissioner Cecilia Malmström, responsible on the EU side and Michael Froman on the US side.
The EU and Trade Minister Ann Linde. Photo: Lars Pehrson
on Tuesday, May 31 participates Michael Froman in a dialogue meeting between the EU and the US. Another participant is Cecilia Malmström, EU Commissioner, Ann Linde, EU and Trade and the Confederation of Swedish Enterprise and LO.
oil platform in the North Sea outside Stavanger. Photo: Haakon Mosvold Larsen / TT
The danger direction is the already ailing oil industry, hard pressed by the recent race for the oil price, affected of a strike.
four years ago, hit the Norwegian oil industry for weeks by a strike that pulled down crude oil production by 13 percent and natural gas by 4 percent.
No date for the mediation brokered talks is not set.
In Sunday’s Gothenburg Post suit Peter Hjörne, President of the Stampen’s parent company, in response to criticism:
“During the last decade we shared out 9 percent of such funds, and 31 percent of net profit. During the period listed companies shared out between 30 and 50 percent. Schibsted and Bonnier shared during the same period, the percentage more. “
Further beat Peter Hjörne state that no dividends have been submitted for the years 2013 and 2014. No dividend for 2015 is not Speaking of.
According to the Swedish newspaper Svenska Dagbladet Peter Hjörne the past five years taxed on an income of just under 34 million. According to GT, the former CEO Tomas Brunegård received 74 million in compensation for the years 1996 to 2014 when he was CEO and Chairman. He is, according to the same newspaper one of the creditors in the reorganization through his company 100X Scandinavia.
Many of the week took the opportunity to criticize Stampen’s acquisition strategy, and especially the high price the company paid for the Centre Newspapers .
Again regarding pointing Peter Hjörne similar behavior of its competitors, and exemplifies the Bonnier adventure in the American magazine industry and TV4′s acquisition of C More.
“Many of the media companies that now pronounce itself on our mistakes was by and offered the same deal. The deal was surrounded by secrecy but in the small Swedish media pond are no secrets, “writes Peter Hjörne and line up competitors who were and invited: Bonnier, Schibsted, Gota, Orkla, Norrköping newspapers and others.
According to Stefan Melesko, , an associate professor of media economics at Jönköping International Business School, was Stampen acquisition appetite too large in relation to the financial muscles.
“the other bidders was strong enough financially and did not have to borrow as much of the price that they actually came to pay. They had not been in this difficult situation, “he says and adds:
” I believe in and that today they can be glad that they did not win the bidding . “
Center papers were on business, which increased the Stampen loan burden most. Other acquisitions helped to build the great goodwill in the balance sheet.
“They should be started write down much earlier. Had they done so, they would surely have realized the problems faster, “says Stefan Melesko.
In February 2014 , the company announced that it has made goodwill impairment of SEK 790 million in the annual report for 2013. The following year, adjusted goodwill down further, to 106 million. In the balance of 2015 remains a goodwill item of SEK 1.5 billion.
| Year | Net profit | Dividend |
| 2006 | 62 | 24 |
| 2007 | 438 | 32 |
| 2008 | 0.9 | 24 |
| 2009 | 12 | 24 |
| 2010 | -29 | 32 |
| 2011 | 208 | 48 |
| 2012 | 35 | 48 |
| 2013 | -187 | 0 |
| 2014 | -411 | 0 |
| 2015 | 66 | 0 |
| Net profit for the parent company, which accounts for the distribution | ||
2016-05-30 05:33
STOCKHOLM (AFX) Japan’s government is expected to postpone the VAT increase by two and a half years.
That said Masahiko Komura, deputy head of the ruling LDP, after a meeting with Prime Minister Shinzo Abe, reports Reuters.
He said the prime minister’s conviction to postpone the increase appears to be “very strong”, as the economy grows sluggish and it is almost time for the elections to the (upper house of) Parliament.
According to the plan, the VAT would be increased from 8 to 10 percent in April 2017 (initial date was October 2015).
It has been for a long time speculated that the government wants to postpone that date.
The prime minister is expected on Tuesday to introduce measures to support the economy and implement new reforms. An extra budget of stimulus measures is also relevant.
Cabinet Secretary Yoshihide Suga said on Monday that the prime minister will decide on VAT “in an appropriate way at the appropriate time”. He did not comment on the possible effects of a postponement.
Finance Minister Taro Aso said at the weekend that if the VAT rate is raised, it would require a new election to the lower house of parliament. Other government sources say the prime minister is not ready to call a new election.
The thefts of spare parts for cars continues to rise sharply. So far this year there have been more than 1500 pieces – a doubling compared to 2015 according to figures TT has noted.
The statistics come from Larmtjänst and based on three types of parts: a certain type of headlights, navigation devices and airbags / knobs. Common to these is that the portions are very attractive on the black market.
This year there have been 1516 thefts, compared with 759 pieces during the same period in 2015. Claims costs amounted to SEK 95.8 million, which is almost as much as during the whole 2015.
– There has been a marked increase and then you should also keep in mind that this is a low estimate. If someone has one of these selected components has certainly also brought something else the theft front on the hood or door mirrors, says Torbjörn Serrander, investigators at Larmtjänst.
That it is much simpler and therefore less safe than to take the whole car makes the number of thefts of parts increases.
– It need not be as advanced tools. Are you going to steal a vehicle requires the right knowledge and equipment. Here you just need to smash a box and unscrew the four screws, says Torbjörn Serrander.
Larmtjänst do the analysis that the thefts extensively done by organized gangs, many of them with links to the Baltic region. Torbjörn Serrander mean that it may be conceivable that the parts are then sold globally.
– There are such large quantities that it is difficult to see there is provision for all materials stolen. It could be that it is not only sold in Europe but also globally.
Larmtjänsts stats based on three types of spare parts that insurance companies selected depending on the type of theft is most prevalent.
theft and damage costs for the past few years:
Year Number SEKm
2016 * 1 516 95 844 308
2 015 1 926 104 516 353
2014 1486 78257991
2013 1109 67033219
2012 1 285 64199570
2011 1039 50725497
Source: Larmtjänst
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Solar energy is on the rise in Sweden. No other energy form is so popular. Yet the evidence suggests that it remains marginal in our country.
Prime Minister Stefan Löfven (S) took the lead before the then environment Minister Åsa Romson (MP) and the new climate minister Isabella Lövin ( MP) as the government’s focus on solar cells presented in a solcellstak in Frihamnen in Stockholm last year. Stock Photography.
Recently, preliminary data from the industry association Energy Companies Sweden to solar energy in 2015 reached a new record level.
Though it only means that for the first time could ever show in the statistics. In total solar contribution of 0.1 terawatt hours (TWh) or 0.06 percent of the electricity generated in the country. The level is thus still very low.
The question is how high it gets. Representatives of the solar energy industry is very optimistic and opinion polls suggest that Swedes feel better about solar energy than any other form of energy. More and more people are looking to invest in solar cells.
Not needed?
Still, think several experts that the sun will never be a particularly large source of energy in Sweden.
– Should I hårdra the whole, one can say that the world needs to solar electricity, but not Sweden, says Björn Karlsson, Professor of energy at Mälardalen University.
He points out that Swedish electricity production, based as it is on hydropower, nuclear power, wind power and biomass, is almost one hundred percent fossil.
– Sweden is already absolutely outstanding, he said.
long winters
In addition, solar energy still relatively expensive. The price of solar cells has indeed fallen sharply thanks to a major production in China. But without investment aid and tax rebates would be steep uphill. Counted the subsidies away it still cost much more to produce electricity from solar energy compared to coal power, for example.
– In Spain and Italy the situation is favorable, thanks to solar radiation. There is the cost only half as large as in Sweden and in many parts of the world, solar energy is getting very important. But here at home puts the long surrogate sunshine for sunless winters spanner in the works. One can store energy in batteries, but not over a whole winter, he said.
– If the solar energy accounts for one percent of our electricity in ten years, it is good.
Nuclear power determines
it is obvious, however, that the government hopes for a larger share. Therefore but given Energy Agency to develop a proposal on how the use of solar electricity could increase in the future, a mission that must be reported in the fall.
– There is no specific target. The starting point is to find out what is the right amount, making an assessment on the basis of benefits and costs, says Gustav Ebenå, responsible for the project.
– To some extent, it’s about what happens if nuclear power is phased out. Laid it down, solar energy needed greater.
TT
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The Panama Papers have pointed out that VAT fraud is still a big problem. The now wants to counteract consistently than has been the case, the SPD. But the party has drawn up a ten-point catalog to be decided by the party leadership on Monday.
“Even assets of uncertain origin to the future can be drawn “reads thus in the catalog that the Reuters news agency.” We turn the burden of proof “This point has it, because that means:. who does not say in the future, where his money comes from, who gets in trouble with the tax office.
the SPD wants to force citizens therefore to disclose the origin of their wealth. so tax fraud and money laundering for offenders would unattractive, founded the party their advance.
Europe went every year about 1,000 billion euros lost through tax avoidance and evasion, Reuters quoted further from the draft. Furthermore will the SPD that the obligation to tax clarification in transactions with countries that are not on automatic exchange of information to take part, no longer expire after ten years.
the Social Democrats advocate internationally for common action among the 20 most important industrial and emerging countries against tax fraud and money laundering from. They also call for a “public reporting of large, international companies”, so such a thing as the “Panama Papers” reveals, can not happen again.
through the evaluation of eleven million documents a worldwide network of journalists had revealed how the firm dozens top politicians, sports stars and other celebrities with letterbox companies helped to avoid paying taxes.
of measures of SPD is reminiscent, at least by name to the ten-point plan to shell companies and money laundering, Wolfgang Schäuble presented in April. However, experts believe that the plan of the Federal Treasury for insufficient
Updated 2016-05-28 10:15. Published 2016-05-28 09:07
“The gains on the S & amp; P 500 has the past week been driven by oil prices above 50 dollars per barrel, gains in Asia and Europe, reduced concerns about Brexit and gains in home sales, “said Randy Frederick at the Schwab Center for Financial Research to Market Watch.
the broad index S & amp; P 500 rose 2.3 percent during the week, and were bringing their best week on two months. The Dow Jones rose by 2.1 percent and the technology-heavy Nasdaq rose 3.4 percent. On Monday, holding US stocks closed due to Memorial Day.
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Janet Yellen.
The US stock markets are expected to begin trading with smaller movements. Oil prices bounced after Thursday’s high levels and the market is waiting for Governor Janet Yellen as giving a speech tonight.
S & amp; P 500 semester was at 14:48 0.2 per cent over the fair value and Nasdaq 100 semester was 0.2 percent above.
Oil prices have bounced down during Friday’s trading, after hitting their highest levels since last fall on Thursday. During the evening, the American statistics of active oil and gas rigs in North America is expected to give the market a better understanding of the US oil production.
Before the IPO opening received statistics on US GDP, which rose by 0.8 per cent during the first quarter of 2016, according to revised statistics. Analysts had expected a GDP growth revised +0.9 percent, compared with the preliminary outcome of +0.5 percent.
One of Friday’s highlights is when the US Federal Reserve Chairman Janet Yellen will speak . Much focus is now on when the next rate hike is expected.
On the corporate side noted that Google lost a long-running dispute with Oracle on Java use. Oracle, however, planning to appeal.
Japanese Takeda Pharmaceutial, according to the Financial Times, joined forces with private equity firm TPG and made a bid for ailing Valeant. Valeant is up 6.4 percent in förhandeln.
The American Merck received today a positive recommendation from the European Medicines Agency advisory committee on hepatitis C drug Zepatier. Furthermore Got Abbvie thumbs up for a new indication for Humira.
“The gains on the S & amp; P 500 has the past week been driven by oil prices above 50 dollars per barrel, gains in Asia and Europe, reduced concerns about Brexit and gains in home sales, “said Randy Frederick at the Schwab Center for Financial Research to Market Watch.
Large companies index the Dow Jones Industrial Average was at closing up 0.3 percent to 17,872. The broader index S & amp; P 500 was up 0.4 percent to 2,099, while the technology-heavy Nasdaq Composite was up 0.7 percent to 4,934.
Statistics of the United States GDP rose 0.8 percent annual rate in the first quarter of 2016, according to revised statistics. Analysts had expected a GDP growth revised +0.9 percent, compared with the preliminary outcome of +0.5 percent.
During the Friday evening attended the US Federal Reserve Chairman Janet Yellen at a hearing. Yellen stated that it “probably” is appropriate in a rate hike in the coming months.
Oil prices bounced down during Friday’s trading. During the evening, presented statistics which showed that the active oil and gas rigs decreased by 1 unit in North America during the past week.
Among US companies was announced that Google lost a long-running dispute with Oracle around Java use. Oracle, however, planning to appeal. Google shares Alphabet seen 1.2 percent higher, while Oracle rose 0.3 percent.
Valeant rose 5.5 percent after the Japanese Takeda Pharmaceutial, according to the Financial Times, has made joined forces with private equity firm TPG and made a bid for the ailing company.
Big Lots reported a profit increase of 20 percent for the first quarter compared to last year. While adjusted discount chain up their prospect which caused shares to rush 14.1 percent.
Verizon has reached a tentative agreement with unions representing close to 40,000 workers to end the one month long strike. The share closed 0.9 percent higher on the news.
On Monday keeps US stocks closed the weekend because of Memorial Day.
Brexiträdsla and Chinese takeover hunt in Sweden in today VA’s important.
SWEDISH EU PESSIMISM
Half of the Swedish view that the development of the EU in the wrong direction and three quarters believe that Europe adversely affected if Britain leaves . It shows poll from Ipsos.
“ The survey shows that half believe that Brexit can lead to a kind of domino effect where other EU countries follow Britain’s example,” says Ipsos public opinion director David Ahlin according to DN.
There is great concern although experts are uncertain about the impact of a eventullt Brexit. “The knowledge of what a British withdrawal means are limited, but I think the result reflects a feeling that it probably is negative for the EU and the EU’s future,” said Ahlin.
Seized SCHOOL NEGOTIATIONS
the bloc negotiations between the Government and the Alliance for primary school timetables are sluggish.
CHINA COURSE tECHNOLOGY cOMPANIES
Several large technology companies in Germany have received new Chinese owners and now Swedish technology companies to be next in line in the Chinese takeover raid.
That was yesterday, Thursday, as representatives of LKAB Gällivare Municipality met with Governor Sven-Erik Österberg to discuss the stalemate that existed between the parties.
Gällivare Municipality has rejected LKAB’s final offer and require more money, but now they are ready to negotiate again, says Sven-Erik Österberg.
– It was constructive and good conversation where both sides want to get them on. We have an agreement – now they sit down and take hold of this matter urgently.
– The locked positions it had previously been dissolved, now you go to the negotiating table again, says Governor Sven-Erik Österberg.
Photo: Brita Nordholm / TT
Riskkapitabolaget EQT announced today that education group Academedia is on the way to the stock exchange at a price of SEK 40 per share. It also became known that the family-owned company Mellby Gard, with Rune Andersson at the head enters as a major shareholder in the company of the Second AP Fund, Lannebo Funds, Odin Fonder and Swedbank Robur.
Here are some of the reactions after the announcement .
Goran Drougge teachers Sjölins gymnasium Södermalm owned by Academedia and has previously been critical of the owner EQT. After the decision of the IPO, he noted a concern of colleagues at the school.
– The ones I’ve talked to have reacted negatively. We believe the profit requirements will increase now, the shareholders will probably gain importance. It will make demands from teachers, such as more special educators, will be measured against profits.
– There is also a general feeling that the teachers status downgraded, we have become an object of stock market speculation.
the teachers at Sjölins High School got under Goran Drougge at lunchtime an email Academedia saying that EQT has taken the decision to introduce the group on the stock exchange. In the years that Academedia owned high school Göran Drougge include several consequences of being part of a larger group.
– It has affected things like staffing and our wages. It has become harder to get through requirements. It may not be possible to say that it’s just profit ‘fault, but it could be a connection. It worries teachers.
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the owner of AcadeMedia, EQT, has now decided the details of the IPO. The sale of shares in connection with the listing will be made at a price of SEK 40 per share, valuing the entire company at nearly 3.8 billion.
Secondary Minister AIDA HADZIALIC (S) reacts to data on AcadeMedia’s IPO .
– Our tax money should go to school, the teachers and the students. I find it offensive that to make money on teachers and students. We are the only country in the world that tax financing private profit withdrawals. If we get our own way so profits will be reinvested in the school, she said.
New owners who have undertaken to buy shares is Mellby Gard by ten per cent stake, the Second AP Fund, Lannebo Funds, Odin Fonder and Swedbank Robur, according to a press release.
the first day of trading on the Stockholm Stock Exchange is scheduled for around June 15.
AcadeMedia’s revenue during the twelve month period ended March 31 to 8.4 billion crowns.
