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Former Swedbank CEO Bonnesen sentenced to prison in money laundering case

UPDATE 2-Former Swedbank CEO Bonnesen sentenced to prison in money laundering case Case concerns handling of Estonia branch money laundering Guilty verdict overturns earlier acquittal Bonnesen convicted on one count, acquitted on six others She plans to appeal verdict, lawyer says Adds details on ruling, background on case in paragraphs 2, 4-6, 8-9 By Anna Ringstrom STOCKHOLM, Sept 10 (Reuters) - A Swedish appeals court on Tuesday found former Swedbank SWEDa.ST CEO Birgitte Bonnesen guilty of gr
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Former Swedbank CEO Bonnesen found guilty over handling of money laundering

Former Swedbank CEO Bonnesen found guilty over handling of money laundering STOCKHOLM, Sept 10 (Reuters) - A Swedish appeals court on Tuesday found former Swedbank SWEDa.ST CEO Birgitte Bonnesen guilty of gross fraud over her handling of anti-money laundering protocols in Estonia, overturning a first-instance acquittal. Reporting by Anna Ringstrom,
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Volvo Car slips as market digests Thursday's CMD

BUZZ-Volvo Car slips as market digests Thursday's CMD ** Shares in Volvo Car VOLCARb.ST dip about 5% to their lowest since end-January as market digests takeaways from the company's capital market day on Thursday ** The Swedish automaker scaled back its margin and revenue ambitions for a second time in a year, a day after it abandoned its EV-only t
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Top of the Street: European real estate and Nordic banks

BUZZ-Top of the Street: European real estate and Nordic banks A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Morgan Stanley raises its view of European property firms to "attractive", expecting better times soon against a compelling backdrop of further rate cuts, lower long-term rates, and stabilising asset values ** It ups Spain's Colonial COL.MC to "equal-weight" from "underweight", seeing its shares as fairly valued, but cuts Switzerland's PSP PSPN.S
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Carnival, Kingfisher, Unite Group

EUROPE RESEARCH ROUNDUP-Carnival, Kingfisher, Unite Group Sept 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carnival, Kingfisher and Unite Group on Monday. HIGHLIGHTS * Believe SA BLV.PA : Citigroup resumes coverage with neutral rating; PT EUR 15 * Carnival CCL.L : HSBC raises target price to 960p from 895p * Derwent London DLN.L : Morgan Stanley raises target price to 3000p from 2750p * Kingfisher Plc KGF.L : Barclays cuts to
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Musti Group To Strengthen Its Financing Base By Signing Facilities Agreement With Danske Bank, Op Corporate Bank PLC And Swedbank

BRIEF-Musti Group To Strengthen Its Financing Base By Signing Facilities Agreement With Danske Bank, Op Corporate Bank PLC And Swedbank Aug 28 (Reuters) - Musti Group Oyj MUSTI.HE : TO STRENGTHEN ITS FINANCING BASE BY SIGNING A FACILITIES AGREEMENT WITH DANSKE BANK, OP CORPORATE BANK PLC AND SWEDBANK AB (PUBL) HAS SIGNED A 3+1 YEAR FACILITIES AGREE
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Swedish c.bank lowers key interest rate, sees more cuts this year

UPDATE 3-Sweden lowers key interest rate, sees more cuts this year Riksbank cuts policy rate as expected to 3.50% from 3.75% Says inflation risks have diminished, could speed up rate cuts Adds additional analyst, central bank comment, currency reaction By Simon Johnson STOCKHOLM, Aug 20 (Reuters) - Sweden's central bank lowered its key interest rate to 3.50% from 3.75% on Tuesday, as expected, and said it could speed up policy easing if price pressures do not pick up, holding out the possibility
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Citi says Nordic banks continue to face headwinds despite premium valuations

BUZZ-Citi says Nordic banks continue to face headwinds despite premium valuations ** Citi says Nordic banks continue to face challenges such as limited volume growth and strong competitive pressure in the market for deposits and loans, even as they trade at a premium vs European peers ** Loan demand remains muted in the Nordics, except for Norway,
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Inbank Sells 21% Stake In Paywerk To Swedbank

BRIEF-Inbank Sells 21% Stake In Paywerk To Swedbank July 23 (Reuters) - Swedbank AB SWEDa.ST : REG-INBANK SELLS 21% STAKE IN PAYWERK TO SWEDBANK BY AGREEMENT OF THE PARTIES, THE VALUE OF THE TRANSACTION WILL NOT BE DISCLOSED Source text for Eikon: ID:nGNE8JHk1j Further company coverage: [SWEDa.ST] (Gdansk Newsroom)
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Saab slides despite earnings beat, analyst points to lack of guidance hike

BUZZ-Saab slides despite earnings beat, analyst points to lack of guidance hike ** Shares of Swedish defence company Saab SAABb.ST slide in Friday's trade, down 4.7% at 9:27 GMT, despite a Q2 beat ** Saab has posted "exceptionally strong" order intake in Q2 with EBIT 4% ahead of consensus, but given the high valuation and growth expectations, no gu
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Danske Bank expects 'soft landing' after second-quarter profit spurt

UPDATE 4-Danske Bank expects 'soft landing' after second-quarter profit spurt Q2 net profit rises, beats analyst forecasts Helped by credit quality, higher net interest income, fees To pay 56% of H1 net profit in interim dividend Keeps full-year guidance Recasts with CEO comment, updates share price By Jacob Gronholt-Pedersen COPENHAGEN, July 19 (Reuters) - Denmark's biggest lender Danske Bank DANSKE.CO expects "a soft landing" as a boost from high interest rates fades, it said on Friday, after
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Handelsbanken jumps as profit beat eases cost worries

UPDATE 5-Handelsbanken jumps as profit beat eases cost worries Net profit of 6.79 bln SEK tops consensus of 6.22 bln Strong income and credit quality drive beat Interest income well above forecast Expenses up 14% yr/yr in Q2, dip slightly vs Q1 Shares rise 7% Adds shares By Niklas Pollard STOCKHOLM, July 17 (Reuters) - Swedish bank Handelsbanken SHBa.ST beat second-quarter net profit expectations on Wednesday as robust interest income and credit quality helped take some of the sting out of linge
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SEB rises on Q2 profit beat, Swedbank edges lower amid 'unexciting' trend

BUZZ-SEB rises on Q2 profit beat, Swedbank edges lower amid 'unexciting' trend ** Shares in SEB SEB.ST rise 4% after the Swedish bank reported Q2 net profit of SEK 9.42 billion ($886.6 million), about 7% ahead of a company-compiled consensus ** While SEB made no changes to its 2024 outlook, J.P.Morgan says it expects about 4-6% upgrades to the cons
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Builder NCC jump to 2-year highs after broad Q2 beat

BUZZ-Builder NCC jump to 2-year highs after broad Q2 beat ** Shares in Swedish construction company NCC NCCb.ST jump 8%, trading at their highest levels since February 2022, after its Q2 results beat expectations across the board ** Order intake was 1% higher than expected, sales 8% higher and EBIT 15% higher, says Kepler Cheuvreux, via Swedbank Ak
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Luxury under pressure

LIVE MARKETS-Luxury under pressure Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com LUXURY UNDER PRESSURE European stocks are set for a weak open, as investors' attempts to settle on 'Trump trades', seems to mean buy the U.S. and sell the rest, while the latest signs of economic difficulties in China aren't helping the luxury names either.
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Swedbank Q2 Net Interest Income At SEK 12,165 Mln

BRIEF-Swedbank Q2 Net Interest Income At SEK 12,165 Mln July 16 (Reuters) - Swedbank AB SWEDa.ST : ECONOMIC CONDITIONS IN OUR FOUR HOME MARKETS CONTINUED TO STABILISE Q2 NET INTEREST INCOME SEK 12,165 MILLION (COMPANY COMPILED CONSENSUS: SEK 12,238 MILLION) Q2 NET COMMISSIONS INCOME SEK 4,169 MILLION (COMPANY COMPILED CONSENSUS: SEK 4,104 MILLION)
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Swedbank beats quarterly profit expectations on trading, low loan losses

UPDATE 3-Swedbank beats quarterly profit expectations on trading, low loan losses Rewrites, adds analyst comment, details By Johan Ahlander STOCKHOLM, July 16 (Reuters) - Swedish banking group Swedbank SWEDa.ST reported a second-quarter net profit that exceeded expectations on Tuesday on strong trading income and lower loan losses, and the bank's head noted that "loan volumes remained muted" in uncertain times .
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Swedbank's Q2 net profit beats expectations

Swedbank's Q2 net profit beats expectations STOCKHOLM, July 16 (Reuters) - Swedish banking group Swedbank SWEDa.ST reported a second-quarter net profit above expectations on Tuesday and said economic conditions had continued to stabilize across its home markets. Reporting by Johan Ahlander, editing by Anna Ringstrom
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Swedish bank SEB profit beats forecast, maintains cost outlook

UPDATE 3-Swedish bank SEB profit beats forecast, maintains cost outlook SEB Q2 net profit 9.42 bln SEK vs consensus 8.74 bln Easing interest income offset by other revenue Often volatile net financial income helps drive profit beat Interest income 11.61 bln SEK, just above forecast Adds details and background in paragraphs 7-10 By Niklas Pollard STOCKHOLM, July 16 (Reuters) - Swedish banking group SEB SEBa.ST reported a better-than-forecast quarterly net profit on Tuesday, and maintained its ful
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Nordic corporate earnings week ahead

DIARY-Nordic corporate earnings week ahead July 12 (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 15-Jul-2024 NTS ORK.OL Orkla ASA Q2 2024 Orkla ASA Earnings Release 17-Jul-2024 05:00 NEL.OL Nel ASA Q2 2024 Nel ASA Earnings Release 18-Jul-2024 NTS TEL.OL Telenor ASA Q2 2024 Telenor ASA Earnings Release 18-Jul-2024 NTS PGS.OL^G24 5088687729 PGS ASA Tgs Newco AS Q2 2024
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