Riksbank Cut Spells Brighter Outlook for Swedish Homebuilders

Bloomberg, May 10 Swedish homebuilders should start to recover later this year, boosted by the central bank’s decision to cut interest rates before its Eurozone and US peers. The value of orders is expected to tick up for Sweden’s three largest homebuilders, Skanska AB, Peab AB and NCC AB, brightening the outlook for the industry […]

Sweden’s Central Bank Cuts Key Rate as Europe Moves Ahead of the Fed

The Wall Street Journal, May 8 Sweden’s central bank lowered its key interest rate for the first time in more than eight years on Wednesday, underlining the readiness of European policy makers to move ahead of the Federal Reserve as inflation cools. The Riksbank cut its key rate to 3.75% from 4.0%, in line with […]

Riksbank Kicks Off Easing With First Rate Cut Since 2016

Bloomberg, May 8 The Riksbank cut its benchmark interest rate for the first time in eight years, acting before the neighboring euro zone in a bid to offer respite to Sweden’s recession-stricken economy. The central bank in Stockholm lowered its policy rate by a quarter point to 3.75% and said it could be reduced twice […]

Swedish Home Prices Swell With Buyers Expecting Rate Cuts

Bloomberg, May 8 Swedish home prices rose for a third month as buyers expect some relief from lower borrowing costs. Apartment prices rose by 1.5% in April from the prior month, while the average price of detached houses increased by 0.9%, according to data published Wednesday by Svensk Maklarstatistik, which is owned by the Association […]

Riksbank Suspense Mounts Over Possible Rate Cut: Decision Guide

Bloomberg, May 7 The Riksbank will either cut borrowing costs this week to aid the economy or else shirk from a move to avoid weakening the krona, in one of its most suspenseful decisions in years. A quarter-point reduction of the benchmark interest rate to 3.75%, as predicted by two thirds of the 20 economists […]

Can Companies Get A Deal On Solar Power — Cheaper Than The Grid?

Forbes, May 6 Martin & Servera is one of Europe’s biggest food service wholesalers and distributors. It is an energy-intensive company that procures almost all clean energy. Still, the Swedish enterprise aims to boost its sustainability by buying more solar power to run its operations and electrifying its trucks. It’s entering into a 15-year power […]

EQT to Buy U.S. Digital Consultancy Perficient in $3 Billion Deal

The Wall Street Journal, May 6 EQT will acquire U.S. digital consultancy Perficient in an all-cash deal valued at around $3 billion, the companies said late Sunday. Swedish private-equity firm EQT said it will pay $76 a share, a 58% premium to Perficient’s closing price of $48.11 on Friday. “Today’s announcement is the result of […]

Landlord SBB Allots Funds to Pay Delayed Dividend in June

Bloomberg, May 6 Swedish landlord SBB has put aside funds to enable it to pay outstanding dividends next month, a year after they postponed payouts to protect the balance sheet. “We are planning to pay it in June, and have allocated existing liquidity for the occasion,” Chief Executive Officer Leiv Synnes said via phone following […]