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News

European shares end higher as focus shifts to cenbank meetings

UPDATE 2-European shares end higher as focus shifts to cenbank meetings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 0.2%, posts weekly gains Energy, consumer discretionary firms boost index LVMH results boost luxury firms H&M down on Q4 profit miss Updates prices, adds comment By Ankika Biswas and Amruta Khandekar Jan 27 (Reuters) - European shares ended higher on Friday as i nvestors assessed mixed earnings from the reg
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Several Finnish unions plan strikes in February over wage disputes

Several Finnish unions plan strikes in February over wage disputes HELSINKI, Jan 27 (Reuters) - A key union of Finnish industrial workers said on Friday it had rejected a settlement proposal in its wage dispute with employers, firming up plans that several unions will go on strike in February. High inflation and an uncertain economic outlook have stalled the ongoing round of negotiations between employee unions and employer organisations in Finland where wages are determined in national collecti
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SSAB Q4 Adj EBITDA Down At SEK 4,637 Mln

BRIEF-SSAB Q4 Adj EBITDA Down At SEK 4,637 Mln Jan 27 (Reuters) - SSAB AB SSABa.ST : BOARD PROPOSES A DIVIDEND OF SEK 8.70 (5.25) AUTHORIZATION TO BUY BACK UP TO 10% OF ALL OUTSTANDING SSAB SHARES WILL BE PROPOSED TO AGM Q4 ADJUSTED OPERATING RESULT WAS SEK 3,768 (6,961) MILLION Q4 ADJUSTED EARNINGS PER SHARE WERE SEK 3.18 (5.30) SSAB SPECIAL STEEL
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SSAB Makes Impairment Charge Of SEK 33.3 Billion During Q4

BRIEF-SSAB Makes Impairment Charge Of SEK 33.3 Billion During Q4 Jan 27 (Reuters) - SSAB AB SSABa.ST : GOODWILL IMPAIRMENT DURING THE FOURTH QUARTER MAKES AN IMPAIRMENT CHARGE OF SEK 33.3 BILLION RELATED TO GROUP'S TOTAL GOODWILL OF SEK 33.6 BILLION IMPAIRMENT IS REPORTED AS AN ITEM AFFECTING COMPARABILITY IN Q4 OF 2022 AND DOES NOT AFFECT CASH FLO
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Steelmaker SSAB flags improving shipments in more stable market

UPDATE 2-Steelmaker SSAB flags improving shipments in more stable market Adjusted operating profit in line with market expectations Expects higher shipments in Europe and Americas in Q1 Adds outlook, background By Niklas Pollard STOCKHOLM, Jan 27 (Reuters) - Swedish steelmaker SSAB SSABa.ST expects to increase shipments in a more stable market in the first quarter, it said on Friday as it reported earnings in line with market expectations.
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Steelmaker SSAB profit in line, takes impairment charge

Steelmaker SSAB profit in line, takes impairment charge STOCKHOLM, Jan 27 (Reuters) - Swedish steelmaker SSAB SSABa.ST reported adjusted fourth-quarter operating earnings in line with market expectations on Friday and said it estimated that the European market had stabilised after a slowdown during the second half of 2022. The company also said it was making an impairment charge of 33.3 billion Swedish crowns ($3.24 billion) related to goodwill due to increased interest rates and a more prudent
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Nordic corporate earnings week ahead

DIARY-Nordic corporate earnings week ahead Jan 20 (Reuters) - Diary of Nordic (OMXS30-SK, OBX-OS, OMXHPI-HE, OMXC20) corporate earnings for the week ahead NORDIC EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 26-Jan-2023 07:00 PGS.OL PGS ASA Q4 2022 PGS ASA Earnings Release Start Date Start Time(GMT) RIC Company Name Event Name 26-Jan-2023 NTS ESSITYb.ST Essity AB (publ) Q4 2022 Essity AB (publ) Earnings Release 26-Jan-2023 NTS ATCOa.ST Atlas Copco AB Q4 2022 Atlas Copco AB Earn
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Finland's Fennovoima withdraws application to build Hanhikivi nuclear plant

OSLO, May 24 (Reuters) - Finnish consortium Fennovoima said on Tuesday it had withdrawn its construction permit application for the Hanhikivi 1 nuclear power plant following the company's recent decision to break off cooperation with the facility's designated Russian supplier. Fennovoima on May 2 announced it had scrapped the contract with Rosatom's Finnish subsidiary RAOS Project for the delivery of the nuclear power plant due to "significant delays and inability to deliver the project".
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Rosatom subsidiary will proceed with Finnish nuclear project

By Anne Kauranen HELSINKI, April 11 (Reuters) - Russia's state-owned nuclear power supplier Rosatom and its Finnish unit RAOS Project will proceed with a planned nuclear plant in Finland, RAOS said on Monday, despite uncertainty over government permits since Russia's invasion of Ukraine. "Rosatom and RAOS Project continue fulfilling their obligations under signed agreements and contracts relating to the Hanhikivi 1 project," RAOS Project told Reuters in an email.
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Carmakers face soaring metal costs with Russian supplies at risk

By Nick Carey and Christina Amann LONDON, March 8 (Reuters) - Saving up for a new ride? Better start putting more cash aside. Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot the bill.
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Carmakers face soaring metal costs with Russian supplies at risk

(Removes extraneous word from the second paragraph) By Nick Carey and Christina Amann LONDON, March 8 (Reuters) - Saving up for a new ride? Better start putting more cash aside. Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot the bill.
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