Swedish Market Economy: August 2016

Wednesday, August 31, 2016

Arla’s new tricks to save the milk: Carbonic – Swedish Dagbladet

to cope with the competition when interest in milk drops Arla to develop a carbonated milk drink. Photo: Fredrik Sandberg / Hasse Holmberg / TT

The product is already planned and will be launched in 2017. According to Arla Foods is the carbonated milk beverage is a way to challenge the soft drink industry.

– We are already ready to produce a carbonated milk and fruit drink. The product and the technology already exists, says Hanne Søndergaard, marketing and innovation manager at Arla Foods, the Danish Finance.

The company will start developing the brand and is preparing to distribute the products. During 2017, the new products will be tested by being launched in the UK, the United Arab Emirates and Singapore.

In addition to carbonated milk can be milk drinks flavored with tea and milk fiber is expected from Arla according Financial. Arla expects that the new products will lead to a tripling of profits in 2020.

– The market for these products is growing rapidly, which is associated with the changing lifestyle. You no longer have fixed meals. The result is that it takes more snacks and ingest the food outside the home, says Hanne Søndergaard of Finance.

Queue to deposit old banknotes – Sveriges Radio

Since June 30 has not gone to shop for the bills that are now invalid. Until today it is possible to deposit the money in his own account, the easiest through a cash deposit machine to avoid the more complicated process of filling in a special form and then submit the banknotes to the Riksbank and also pay a fee of $ 100.

on Wednesday, there was a queue at the insertion machines, many had saved the last day to get rid of the old banknotes. In the queue at the vending machine at the office of Swedbank was Britt-Marie annoyed that there was a better and faster service.

– I do not think this queue looks promising, especially if you have a parking time soon expires says Britt-Marie, who would only exchange a 50 kronor, she found a birthday envelopes.

in the queue were also Lasse, treasurer of a hunting party and accountable for the team’s money.

– We have a cash box with some old pounds and fifty pieces, and there I discovered during our meeting on Monday, and then I had to set and switch, I’ve no choice.

the National Bank estimates that there are approximately 41 million banknotes with a value of 1.3 billion remaining in the circulation of the banknotes that became invalid 30 June.

Ingrid Engstedt Edfast
ingrid.engstedt-Edfast @ sverigesradio.se

Now the ax falls for the old banknotes – Private Businesses

From tomorrow 1 September takes your bank no longer accepting the old banknotes of the denominations of 20 SEK, SEK 50 and SEK 1 000.

However, it is not in short if you happen to find old denominations of notes later in the fall. National Bank continues to redeem them so long as they come in to the bank, but you must pay a fee of $ 100 each time and also send bills to the Riksbank.

Jobs Figures slightly stronger than expected – Östgöta Correspondent

Finance

It was created 177,000 new jobs in the private sector in the United States in August, according to the payroll company ADP. It was slightly more than expected.

Analysts had on average expected 175,000 new jobs in the private sector, according to a Reuters poll.

At the same time raised the calculation of the number of new jobs in July 194 000 against a previous estimate of 179 000 jobs.

on Friday expected federal statistics on labor, excluding the farming sector, where both the public and private sectors are included. This is considered crucial for future interest rate decision from the US Federal Reserve (Fed).

Tesla’s cash runs dry: Need new capital – Swedish Dagbladet

Elon Musk. Photo: Marcio Jose Sanchez / AP

The capital must either be through the issue of new shares or a bond, according to documents submitted to the US Treasury Inspection SEC.

Earlier in August, stated Tesla Motors that ended the second quarter with 3.25 billion (about 28 billion) at the box office, but since then the company including paying back a loan of $ 678 million.

Tesla Motors has gone back for fourteen consecutive quarters, and had a negative cash flow since early 2014. during the first half of this year, Tesla delivered 29,222 vehicles, which was below the company’s goals.

Ericsson commercializes world’s first 5G NO Radio – evertiq.se

Ericsson commercializes world’s first 5G NO radio for massive MIMO, the first distribution in 2017.

Together with Ericsson 5G plug-ins that were announced in June and Ericsson already commercially available radio baseband 5216, Ericsson is first to deliver all components of a 5G-access networks, the company said.

Arun Bansal, Head of Business Unit, Network Products, Ericsson, says:

“Ericsson has driven innovation in each generation of mobile technology and now we are set to” over-deliver “an already aggressive promise . Introducing the new hardware as 5G plug-ins, which was announced in June, will run on, so that the first operators can begin deploying 5G infrastructure. And we are also launching innovations that improve both the performance and efficiency of today’s networks that use concepts that will be developed to 5G.

Arla’s new focus: carbonated milk – Göteborgs-Posten

Stock Images. Photo: Fredrik Sandberg / TT and Pontus Lundahl / TT.

Sweden , Arla’s new initiative focuses on new, bubbly beverages based on milk products. The idea is to challenge the soda with new kinds of drinks on the shelves of the store. By 2020, they are buying home and taste.

Arla is aiming to create a competitor to soft drinks, through various new beverages based on milk, yoghurt or whey ingredients. It writes Arla in a press release.

A carbonated milk and fruit drinks, energy drinks and milk beverages with tea are some examples of the new, bubbly drinks will be available before 2020. The idea of the initiative is that Arla will triple its sales of beverages other than just white milk. In addition, the company wants to challenge the soda with healthier alternatives and have the ambition to do business in the beverage market, which includes more than “regular” milk.

On 1 October this year, operations will begin work on the new drinks.

the market for milk-based drinks is growing stronger, but so far mainly outside Europe. Arla wants to become the leading supplier of milk-based beverages in Northern Europe, and the new drinks will be developed together with the subsidiary Cocio.

– By approaching beverage market more strategically, we can double sales of fluid milk products and seize significant growth opportunities for Arla. With milk-based drinks brand, we can create more value for our owner-farmers, says Hanne Søndergaard, Executive Vice President of Marketing & amp; Innovation Arla in the press release.

EMU: Unemployment is slightly above expectations – Business World

Unemployment in the EMU amounted to a seasonally adjusted 10.1 percent in July. It was slightly higher than expectations of 10.0 percent, according to Dow Jones Newswires.

In June, unemployment was unrevised 10.1 per cent. In July last year was 10.8 percent.

For the EU area (EU28) amounted seasonally adjusted unemployment rate was 8.6 percent in July. In June, the unrevised 8.6 percent in July last year was 9.4 percent.

The statistics are presented by the EU’s statistical office Eurostat.

Mutual fund investment is increasing – this is the Swedes’ choice – Expressen

In July struck fund trading record of Avanza. In August, the activity has been declining slightly but it is still clear that the strong stock market the summer and the non-existent savings rates is attracting more and more Swedes to invest their savings in mutual funds.

Association fleeing savings accounts

Johanna Hill , savings analysts Avanza, think it is wise not to have money in the bank account unnecessarily.

Read also: the taxes raised – by 62 billion

– the savings account gives nothing. There we only have money we need in the coming years. The money we save in the long term we will have where they grow, she says.

There is growth in the stock market

According to Johanna Hill is the stock market as growth is now when interest rates are on the ground .

– the easy choice is wide global funds with a low price tag. With the right balance of exchange rates and interest rates, and a portion of patience so the money will grow, she says.

Corporate Bond funds were the most popular fund choice among Avanza customers in August, but litter is not convinced it is the best choice .

Do not be fooled by the so-called interest funds

– Corporate bond funds are suitable either for real long or short term. I do not think one should be fooled by the title of “bond fund”. They can swing properly, she said.

Read also: SEB predicts that the rate is raised next year

If there are long-term savings are mutual funds a better choice, according to Johanna Hill.

– Savers have a positive view on the stock exchange for the autumn and also goes against a little more niche funds real estate funds and emerging market funds, she said.

Breda fund is a good base

niche funds should primarily be seen as exciting addition to the savings portfolio, according to Johanna Hill.

– have foundation of broader mutual funds, she said.

Hedge funds have flopped

hedge funds, which is marketed as an investment option that provides returns whether the market goes up or down, has recently flopped.

Read also: last chance to exchange old notes

– Hedge funds are often expensive and has not succeeded in its mission to provide growth. In the US, we see that many hedge funds close because they have gone so bad, she says.

KI lowers GDP forecasts – Business World

The NIER estimates that Sweden’s GDP will grow by 3.3 percent in 2016, 2.0 percent in 2017, 1.9 percent in 2018, 1.5 percent in 2019 and 2.1 percent in 2020. According to the KI economic forecast presented today.

forecasts from June was a growth of 3.6 percent in 2016, 2.1 percent in 2017, 1.8 percent in 2018, 1.5 percent in 2019 and 1.9 percent in 2020.

“GDP growth in Sweden slowed in the first half after a very strong performance in 2015. the evidence suggests that the decline was temporary and that the boom will continue,” said KI .

“the growth is driven mainly by increased consumption and investment. Next year declines of investment growth, which means that GDP will grow more slowly. Then it rather than household consumption and exports are the main driving forces for growth”, continues KI.

Calendar-adjusted GDP is expected to be at 3.0 percent in 2016 (previous forecast: 3.4) and 2.3 per cent in 2017 (2.3).

NIER estimates that unemployment will amounting to 6.7 per cent in 2016 (6.9). During 2017 and 2018 expected levels of 6.3 percent (6.3) and 6.2 percent (6.3). For 2019, expected a level of 6.4 percent (6.4) and for 2020 expected an unemployment rate of 6.7 percent (6.6).

CI believes that the repo rate will amount to -0, 50 percent at the end of 2016 and to 0.25 percent at the end of 2017 (0.00).

CPI inflation is expected to reach 1.0 percent in 2016 (0.9), to 1, 4 percent in 2017 (1.4), to 2.7 percent in 2018 (3.1), to 3.4 percent in 2019 (3.5) and 3.1 per cent in 2020 (3.1).

underlying inflation, CPIF, estimated to be 1.4 percent in 2016 (1.4), 1.7 per cent in 2017 (1.7), 2.0 per cent in 2018 (2.2), 2.4 percent in 2019 (2 , 5) and 2.2 per cent in 2020 (2.2).

Tuesday, August 30, 2016

The gap between rich and poor increases – Swedish Dagbladet

It shows a study by the Institute for business research, which used the taxable income to calculate fortunes, writes DN.

For three tenths of Swedes have debts over the same period exceeded the assets, which means that the gap between rich and debt increases, according to the researchers.

Suggested vinsttak higher than V agreed – Sveriges Radio

The Left Party leader Jonas Sjöstedt, think that eight percent is too high a level.

– I have not seen the whole of this proposal but it is clear that it sounds like a very high level. We’ll see what they actually add up eventually, he said.

The government and the Left have agreed to limit corporate welfare withdrawals of earnings. The surplus should instead get back to business, it is said. In two months presenting investigator Ilmar Reepalu its proposals on how this should be done.

According to SVT will Ilmar Reepalu to propose eight percent of the invested capital as the limit of how much you can take out in profits. According to a report included in the investigation is the right level to keep the serious investors while scaring the venture capitalists.

This is the most controversial issue in Reepalu investigation. The Left Party have said they will continue to cooperate with the government on the budget only if it stops, the party says, profit pursuit of welfare.

When the report was presented suggesting the government and V to the ceiling would be below five percent.

– Adds the investigation is not enough good suggestions then we will sharpen it and add one that actually meets the goals and puts the welfare of all, says Jonas Sjöstedt.

When you have to get the government to this.

– Yes, and we have agreed on this. I expect that Stefan Löfven is a man who keeps his word, he says.

Ivan Garcia
Ivan.garcia@sverigesradio.se

These Swedish companies would gain TTIP – Swedish Dagbladet

The political maneuvers hails right now about a possible new trade agreement between the EU and the US, the so-called TTIP. Will there be no agreement actually happens nothing. The trade continues with the same rules as before.

– It’s not that the world will stand or fall with this agreement, says Henrik Isakson, an expert on free trade agreements at the Board of Trade.

Trade, is the Swedish authority for foreign trade, has made calculations showing that Sweden’s exports to the United States could increase by around 17 per cent of TTIP becomes reality. At the same time, imports from the United States to increase by about 15 percent. But the figures should be taken with a large pinch of salt, says Henrik Isakson, as they rely on a variety of assumptions.

– The motor vehicle industry in Sweden could be a winner because of the areas are customs duties. There are also different rules in the US and the EU on how to guarantee that the cars are safe and serviceable. If you get the rules to be similar to each other, it would be easier to sell vehicles in the US, he said.

The same applies pharmaceutical industry. If the EU and the US can agree to trust each other inspection authorities, so that medications such does not have to be tested twice, it may reduce companies’ costs.

Swedish company that is in its infancy, or may not even exist in today can also be the winner, in the future, according to Henrik Isakson.

– A main point of the agreement is to establish systems to avoid trade problems from the beginning, that cooperation on regulation.

But a new trade could also lead to individual companies turned out.

More competition is, by definition, some companies are eliminated. But which industries it may concern, I would not speculate, says Henrik Isakson.

Bank shares lift stock indexes – Business World

Stockholm Stock Exchange. Photo: All over the press

Stockholm Stock Exchange, rising in line with Europe’s leading exchanges. Increased demand for banking and financial shares pulls up.

OMXS index just before 16 o’clock gone up 0.7 percent to 511.1.

in Frankfurt and Paris lifts the stock market index 1.2 and 1 percent.

Most upwards by virtue of its index weight draws large bank Nordea, whose stock rises 2.1 percent. The other major banks shares follow up. SEB share lifts 2.7 percent, while Swedbank and Handelsbanken’s shares rise by 1 percent each.

Another heavy winner’s telecoms manufacturer Ericsson, whose shares rise 1 percent.

, the independent Academedia , which went public in June, raising nearly 4 percent after a statement showing a sharp earnings boost.

the stock market rally slowed by locking giant Assa Abloy, whose share pistes 2.3 percent after a lowered recommendation.

another heavy loser is the industrial group Alfa Laval, whose share falls 1 percent since the company announced a new strategic direction to create more organic growth.

Hotels in Stockholm, Gothenburg and Malmö have earned more money on their place in … – Helsingborgs Dagblad

Economy August 30, 2016 04:38

It is good for city hotels. Stock Photography.

The hotels in Stockholm, Gothenburg and Malmö have earned more money in their rooms this summer compared to last year, according to figures from the industry organization Visita, according echo.

in Stockholm, the revenue per available room increased 4 percent, 6 percent in Gothenburg and Malmö 13 percent. One reason is that the proportion of business travelers is increasing.

– But it also means that you can charge slightly higher prices per hotel room, says Visitas CEO Eva Östling echo.

Volvo is investing heavily – will employ 400 engineers – Today’s News

To use this feature you must be logged in.

With a free account you can follow authors and subjects and bookmark articles.

AcadeMedia CEO Therefore we skip dividend – Private Businesses

This after training group has published its interim report on Tuesday morning, where no dividend – despite met financial targets and almost double its net profit to SEK 1.63 per share for the quarter (0.95), and a full-year hindsight at 3:97 SEK (2:63). The market traded up trade a few percent after the stock market opening.

“The board will determine this, and the assessment is that there is so much growth potential in the education sector, both in Sweden and internationally that money creates the most value if they remain in the company,” says Marcus Strömberg dividend proposal.

Academedia have a financial and qualitative targets to distribute profits to shareholders’ surplus may be distributed to shareholders provided that AcadeMedia’s objective in terms of quality and financial capacity is fulfilled, “which the company puts this on their website and in the annual report.

the financial target is that net debt should not exceed 3 times the operating profit (EBITDA), a measure that currently under Marcus Strömberg can be considered to be satisfied with the level 3.1.

What are the quality levels that must be met for the dividend is not, however, clearly communicated, “the Board has not established an exact level is linked to the dividend,” says Marcus Strömberg, after he explained that quality is monitored by measuring academic performance , “perceived quality” and “adequate quality”.

the former, in bemärkelserna exams and grades, have reportedly increased during the year and is above the national average. The word quality is present in the report only positive contexts, such as “making good progress”, “quality improvement” and so on.

What levels Academedia are at in relation to their quality is clear, however not, but according to Marcus Strömberg it is “an overall assessment” about both the quality and growth potential that lies behind the dividend proposal.

“the Board will make an assessment, and to make an overall assessment in this case is something that I think needs to be done, something that very good “, he says that it is therefore for outside investors in practice impossible to determine whether the quality of AcadeMedia is high enough to justify the distribution of profits.

whether there can be no question of a dividend after the July this year started the fiscal year, according to Marcus Strömberg up to the board next year to decide and no, he would anticipate.

“But I personally think it is completely obvious that this kind of companies in the future will share the money” he says.

this fall is expected, the former S-politician Ilmar Reepalu present his report on the gains in prosperity, and precisely dividends is the least controversial.

Has the ongoing investigation and debate about the impact on the dividend proposal?

“it could not I answer, but my view is that I do not think so. It’s not that Ilmar Reepalu investigation is the end of the debate about the gains in welfare; We have a number of political parties that live on this issue, and they will continue to keep it alive. “

Wanted: 400 engineers at Volvo Cars – Göteborgs-Posten

Finance Volvo Cars will recruit around 400 new engineers this year.

The campaign is described by Volvo itself as one of the largest recruitment campaigns in the Company 89-year history.
“The aim is to strengthen the development of the next generation technology in security, self-driving cars and electrification “writes Volvo cars in a press release.

the majority of the new engineers will work in Gothenburg, but the carmaker also plans to open a new research and development center in Lund. There, 35 people start work in September.

The company are mainly looking for expertise in software development – to continue to develop more or less self-driving cars.
– Volvo is an industry leader when it comes to self-driving cars and electrification, and not least the undisputed leader when it comes to safety. We have big ambitions to not only maintain but also to extend the lead, so we must ensure that we attract to us the best engineers in the market. The new recruitment campaign is part of that strategy, says Peter Mertens, Head of Research and Development at Volvo Cars, in the press release.

Engineers are in short supply in Sweden and Gothenburg region. Cevt Lindholmen, AB Volvo and Nevs in Trollhattan seeking such people with similar skills that Volvo Cars wants.

Automaker looking not only engineers in Sweden – but has put in job ads in newspapers in several other European countries. They have also set up their own website for the purpose and should also have a campaign on LikedIn to successfully recruit 400 people.

How will you be able to compete with the other companies seeking the same skills?

– It happens very very interesting for us right now. We offer a very exciting journey, a proper opportunity to participate and take the next step with Volvo Cars, said a spokesperson for the company.

Light summer for city hotels – Today’s News

To use this feature you must be logged in.

With a free account you can follow authors and subjects and bookmark articles.

Monday, August 29, 2016

The week opened up on Wall Street – Daily News

To use this feature you must be logged in.

With a free account you can follow authors and subjects and bookmark articles.

Sur weekly starting on the Stockholm Stock Exchange – Business World

Stockholm Stock Exchange. Photo: Jörgen Appelgren / Business World

Stockholm Stock Exchange traded in negative territory on Monday afternoon. The oil company Lundin Petroleum is pumped up after a height value forecast of the partner Statoil.

The cyclical companies survive off lightly in the fall than the defensive.

SIX General Index was at 14.15 0.2 percent lower at 487 and OMXS30 was 0.2 percent lower at 1408. Sales amounted to SEK 5.8 billion on the Stockholm Stock Exchange. Trade also occurs in other venues such as Bats, Chi-X and Turquoise.

The development of the Stockholm Stock Exchange goes in line with the leading stock exchanges in Frankfurt and Paris, which is burdened by pressure on oil prices and the aftermath of hawkish comments from Fed chief Janet Yellen on Friday. London Stock Exchange will be closed on account of bank holiday.

The only sector that goes with plus is the IT sector with gains in, among other things, the favorite Fingerprint Cards, up 2.4 percent as the exchange’s most heavily traded companies. Korean Fintech company Kona I said to plan the launch of the company’s smart card in China. FPC said in June that their touch sensor was integrated in the Korean smart card.

The oil company Lundin Petroleum is up 1.9 percent, and is different from other oil companies that are burdened by the pressure on oil prices. Statoil’s partners in the Johan Sverdrup oil field, adjust the value of the asset, raise the full production capacity and reduce the investment budget of the project’s first phase. Analysis Hall Arctic Securities had already figured out the adjustments while Sydbank their part allowed themselves to be impressed by the expected production cost is under $ 30 per barrel, lowered from previous about 30 dollars a barrel.

“It is positive that there is a field in the North Sea with such low break-even levels. this gives an indication that there are offshore fields that are attractive even at low oil prices, and this particular field is particularly attractive in that it is so big, “says Bank analysts Ritzau.

Sensys Gatso downplay Transport Administration’s statement that within the next three years will put up another 700 speed cameras on Sweden’s roads. “This is their usual planning and a pace that it has been on so far about,” says the company’s business development manager Johan Fridlund SIX. The market share is still up 8.4 percent.

SCA as reported in the Daily News on Saturday, have received an offer for its wooded section, which accelerated the division of the company. Its shares are down 0.7 percent.

The research company Saniona included research collaboration with Boehringer Ingelheim in the development of drugs for schizophrenia. The agreement may provide Saniona total of SEK 854 million plus royalties and includes an upfront payment of 47 million. The share rushes 25 percent.

Rottneros interim report received in the morning and offered lower earnings and lower sales in the second quarter compared with the same period last year. Its shares are down 3.5 percent.

On the recommendation of the front Skanska rises 1.0 percent after a height recommendation to purchase, from the former keep, signed DNB Markets.

Lifco is down 4, 5 percent after a DI columnist seen position to take home the win.

the business world selling SKF and bring in Getinge. SKF is down 0.9 percent and 0.4 percent, Getinge slopes.

Swedbank warns of emerging populism – Swedish Dagbladet

Anna Breman, chief economist at Swedbank. Photo: Anders Ahlgren

Western countries’ economies staggers forward, and Sweden are not unaffected by the situation in the outside world. Economists agree that growth will fall in the coming years. Swedbank track in a new economic forecast growth of 3.3 percent this year and 2.3 percent next year, which is close to government figures presented last week.

– There are two things that are especially needed the Swedish economy to grow. It is about the labor market and housing, which must continue to increase, says Anna Breman, chief economist at Swedbank.

Residential contribute to GDP growth, and access to housing enables young and new immigrants to apply for jobs and training.

and the increasing division of labor, where native-born with tertiary education have been easy to get a job while the foreign born and those with low educational attainment lags behind, requiring more action continues Breman.

– the phrase that if you stand with one foot in boiling water and the other in an ice bucket so the average is maybe okay, but it is not so convenient. That is the situation on the Swedish labor market right now.

In many parts of the West required under Swedbank reforms to boost the economy. This can include everything from education reform to change the tax system. But it is hampered by the populist tendencies, like Donald Trump’s success and Britain’s yes to EU exit seen as symptoms.

– Populism is to have simple solutions to complex problems, solutions that increase productivity, for example. It will be difficult for politicians in the established parties to make the tough reforms needed, says Anna Breman.

In Sweden the situation a little different.

– economic development has been so much better in Sweden. But it is a weak political position in parliament, making it harder to get a hold of some of the difficult long-term issues, like housing. We got no housing political agreement, for example. It had been good for growth.

25 years of misery is no reason for celebration “- Swedish Dagbladet

Ukraine celebrated its 25th anniversary as an independent nation last week. Photo: Efrem Lukatsky / AP

Two-year bloody Civil War, increasingly more heated tone from Moscow if it annexed the Crimea and a miljardhål budget characterizes the situation .

– What is there to celebrate? 25 years of misery is no reason for celebration, says an elderly Ukrainian woman in a square in Slavyansk to the newspaper The Guardian.

The need for IMF money, which would have been paid already a year ago, big. Outwardly, the IMF has said no to payments on the grounds that Ukraine has not received an electronic system to record key political leaders’ assets and income in place.

Behind this, to discern a large dissatisfaction with the handling of the widespread corruption and halting reforms of the pension and tax system, according to Andreas Schwabe, following the development as an economist at the Austrian Raiffeisen Bank International.

If the IMF loan is not paid soon can the government in Kiev forced to postpone some pension and salary payments.

– It would not surprise me if something like that happens, says Schwabe.

the implications are difficult to predict. But the government has an acute crisis since last spring, and a fragile parliamentary support. The nightmare for President Petro Poroshenko and Prime Minister Volodymyr Groysman would be an election where discontent with the austerity and energy price increases – forced out of Porosjenkos-Western line – hit back.

– Everything is possible in the Ukrainian politics, says Schwabe.

An agreement on debt relief from 2015, lift off interest payments for three years. Additionally counts most with future IMF disbursements. The acute risk of state bankruptcy is why – despite the budget hole of 120 billion hryvnia (about 40 billion) – is not imminent.

– The great challenge for the future is to make Ukraine more like a Western country, with legal certainty and a better investment climate, says Schwabe.

at the same time he looks in 5-10 years a normalized relationship with Russia that more likely than an EU or NATO membership for Ukraine.

– Though it is very difficult. It depends on what Russia does too. And in the coming years, we can foresee, it is not possible.