Hints and tips:
...Carlsson leads a type of company that is unusual for Sweden, home to traditional manufacturers including Volvo, Atlas Copco, and SKF....
...That has undoubtedly helped companies,” Alrik Danielson, chief executive of Swedish bearings manufacturer SKF, told the FT....
...‘We are open’ Situated on Sweden’s west coast, Gothenburg is home to some of the country’s biggest companies — from Volvo Cars and truckmaker Volvo AB to ball bearings manufacturer SKF and healthcare group...
...● In brief: AB InBev downgraded to “neutral” at Goldman Sachs; Adyen upgraded to buy at Merrill Lynch; BMW cut to “underweight” at JPMorgan; Gestamp downgraded to “neutral” at JPMorgan; Hays upgraded to...
...Europe’s manufacturing sector has stabilised, S&P says, while Asia is declining — as indicated by the 2015 revenues of Swedish ballbearing maker SKF: up 0.4 per cent in Europe, down 4 per cent in Asia....
...SKF supplies ballbearings across the world economy, so its performance is seen as a proxy for global industry....
...He said that it was too early to tell if the Wallenbergs’ holdings — which also include AstraZeneca, SAS, SKF and Atlas Copco — would stop investing in the UK, but added: “The UK stands for a liberal, mercantile...
...Mr Johnstone said: “To retire from SKF after almost 38 years with the company will not be easy....
...His experience during 18 years at different positions in SKF and the last nine years as CEO of Höganäs AB makes him a competent successor to Tom Johnstone....
...Agencies from the EU, South Korea, China and Canada fined companies ranging from SKF of Sweden to Hitachi and Mitsubishi of Japan, as part of parallel probes into the industry in 2014....
...SKF shares rose 1.2 per cent in morning trading on the Stockholm Stock Exchange....
...In early trading on Tuesday morning, SKF’s shares fell 2.56 per cent to SKr165.4....
...The commission found that SKF, Schaeffler and Japanese producers NSK, NFC, NTN and JTEKT had colluded to co-ordinate pricing strategy....
...Shares in SKF fell by 4.8 per cent to SKr171.80 as it reported third-quarter sales of SKr15.6bn and flat operating profit of SKr1.9bn....
...The deal, meanwhile, follows a somewhat sticky period for SKF shares....
...It is much envied by its Nordic neighbours for the strength and depth of its old industrial companies, such as Atlas Copco, Sandvik, SKF, Volvo and Electrolux....
...JPMorgan advised SKF, while Barclays acted for Kaydon....
...SKF’s purchase of Kaydon and Atlas Copco’s takeover of Edwards in the second half of the year – both for more than $1bn – led some observers to believe a pick-up in Nordic M&A was likely....
...At SKF, they record all maintenance decisions so that customers can see how a problem was tackled in the past....
...“SKF’s stock has behaved as if the world is coming out of a sharp recession and we are heading into a steep rebound,” the analyst said, referring to a 15 per cent increase in SKF’s share price since the...
...Mr Ekholm stressed that nearly all of Sweden’s large industrial groups – many world leaders such as Atlas Copco and Sandvik in mining equipment and SKF in ball bearings – had been financed over time through...
...He added that only time would tell how that would affect the economy but noted that SKF had more than 95 per cent of its production outside the country....
...Other European industrial companies including Siemens, SKF and Bosch have followed Philips’ cost-cutting example to preserve profits in a lower-growth environment....
...SKF, the Swedish industrial bellwether and maker of bearings, said last week that China was starting to improve while Europe was not getting any weaker....
...SKF has responded by running production below sales for most of the year in an attempt to reduce inventories....
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