Topic: Stockholm
Swedish fashion chain Hennes & Mauritz AB on Thursday reported a 21 percent rise in fourth-quarter net profit, as new store openings helped it defy the weak market. Europe's No. 2 fashion retailer said net profit in the three months to Nov. 30, its ...
Wireless equipment maker LM Ericsson AB on Monday said it will cut another 1,500 jobs this year after reporting a 92 percent drop in fourth-quarter profit as mobile operators slashed spending. Ericsson said net profit in the October-December period was 314 million ...
STOCKHOLM (Reuters) - Sony Ericsson warned on Friday a recovery in the cellphone market could be slower than many expected as it reported its seventh straight quarterly loss. The Swedish-Japanese venture's outlook is in contrast to budding optimism for the industry, which comes after a grim 2009 for handset makers and chip firms. Market leader Nokia has forecast global market ...
