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...Swedish regulators have opened a probe into the accounting at property group Samhällsbyggnadsbolaget i Norden, adding to the challenges for Scandinavia’s debt-laden real estate sector....
...Synnes has ruled out a fire sale of assets or a rebooted rights issue. The last equity raise was scrapped after S&P downgraded the company to junk status....
...The board of Samhällsbyggnadsbolaget i Norden (SBB) said on Monday that its strategic review of the company had been expanded to include a sale of the whole group or parts of it but would not include a share...
...But investors fear S&P’s doubts are a harbinger for an industry grappling with the impact of rising interest rates and cooling real estate prices....
...Samhällsbyggnadsbolaget i Norden is making a rare appearance on the Stoxx 600 fallers board after its chief executive, Ilija Batljan, was detained by Sweden’s Economic Crime Authority on allegations that...
...Standard & Poor’s has today produced a “green evaluation” for Samhällsbyggnadsbolaget i Norden AB, a Swedish real estate company that plans to borrow 500m in krona this month to refinance a portfolio of...
...Shipping company Norden was up 1.3 per cent to DKr238.00 after Cantor raised its price target on the stock and reiterated a “buy” rating....
...In Copenhagen, shipping company Norden gained 2.5 per cent to DKr223.70 after a Reuters poll of analysts forecast a 13 per cent rise in second-quarter pre-tax earnings, which will be announced today....
...In Frankfurt, salt and potash miner K+S was up 5.7 per cent to €43.90 after takeover talk in the sector was roused after BHP Billiton had a $39m bid for PotashCorp rejected....
...Denmark’s DS Norden closed 6.2 per cent higher at DKr447 on the back of stronger rates for bulk carriers. The Danish banking sector also performed strongly....
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