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Search resuls for: "Robert Bergqvist"


2 mentions found


Think Sweden, where a nosedive in the local crown currency over the past 18 months is proving a blessing for used-car dealers and other exporters. Companies like KP Energy, which imports solar panels to sell to trade buyers, cite the damaging effects of higher purchase costs and rising interest rates, which hit household spending. "It impacts us a huge amount when the crown weakens against the euro and when the demand picture changes," its CEO Filip Wiqvist said. A Demoskop poll this week showed 42% would vote "No" to joining the euro, while 34% would support it. Believing the crown is around 20% undervalued, the Riksbank has hedged its own foreign currency exposure in anticipation of future strengthening.
Persons: Joachim Agren, Registradores, Espania, Filip Wiqvist, Wiqvist, Jan Soderstrom, Annika Winsth, SEB, Robert Bergqvist, Martin Floden, Floden, Catherine Evans Organizations: STOCKHOLM, BCA, Reuters, Companies, KP Energy, European Union, Technologies, KPMG, European, NATO, Thomson Locations: Stockholm, Sweden, Swedish, Spain, EU, Ukraine, Turkey
Now it is at the epicentre of a property crash that threatens to engulf the Nordic state's economy. It has said it plans on selling roughly 6 billion Swedish crowns worth of assets this year. Speculators are betting that the stock price has further to fall. SBB shares are subject to more short-selling - a bet that the stock price will drop - than any other Swedish company, according to data from the financial regulator. "If, on the other hand, the SBB will be bought up, then the small shareholders will probably lose everything."
Persons: Maria De Geer, who've, Ilija Batljan, Batljan, Robert Bergqvist, SEB, Leiv Synnes, pare, De Geer, Pablo Mayo, Elaine Hardcastle Organizations: SBB, Swedish Shareholders Association, Organisation for Economic Cooperation, Development, Asset Management, SBB Treasury Oyj, Reuters, Thomson Locations: STOCKHOLM, FRANKFURT, Sweden, Swedish, Cerqueiro, London
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