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Political uncertainty in EU worries market participants

The majority of the market participants responding to the spring Risk Survey consider there are risks linked to political uncertainty in the EU. The low interest rates, household indebtedness and high housing and property prices are also highlighted as causes for concern. More than half of the respondents consider that the functioning of the Swedish financial markets remains unchanged compared to six months ago, while one in three respondents considers they are functioning slightly worse.Among the five largest risks to the Swedish financial system, two out of three respondents mention

Great interest in Baltic cruises and boat trips – this summer’s most popular departures are starting to sell out

The booking situation for cruises and scheduled service during the 2017 summer season looks favourable for Viking Line. Interest from the Russian market has grown, while bookings from the international market are higher than for the same period last year. So there is good reason to book one’s journey well in advance since departures with the greatest demand are already starting to fill up. Prices are also more attractive the earlier a journey is booked.Viking Line’s busiest season kicks off just before the Midsummer holiday. The total number of sailings booked for June-August is now greater

Wipro Launches Nine Solutions to Accelerate Adoption of Blockchain across Industry Sectors

- Solutions developed in Wipro’s Blockchain Innovation Lab Bangalore, India and East Brunswick, New Jersey, USA – Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that it has developed nine blockchain-based solutions for the Banking Financial Services and Insurance (BFSI), Manufacturing, Retail and Consumer Goods industries. Defined, designed and co-developed with clients in Wipro’s Blockchain Innovation Lab, these solutions demonstrate what block chain can accomplish for global

Cinnober appoints Alastair Goodwin to CEO of its new surveillance venture

Cinnober  recently announced the acquisition of the business and assets of Ancoa Software, the UK-based market surveillance specialist company. This business forms a new subsidiary within the Cinnober group and Alastair Goodwin has now been appointed CEO for the entity, that will provide contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms. Goodwins’s most recent position was Head of Business Development at Boat Services Ltd, a UK based Cinnober subsidiary that provides technology services to the banking and

Valmet to deliver pulp dewatering equipment and automatic pulper feed system to BillerudKorsnäs's Gruvön pulp and paper mill in Sweden

Valmet Oyj's press release on May 17, 2017 at 11:00 a.m. EET Valmet will deliver dewatering equipment and an automatic pulper feed system to Gruvön pulp and paper mill in Sweden. The order is part of the investment in a new board machine and rebuild of the existing pulp mill at the Gruvön site. The whole investment is the largest in the history of BillerudKorsnäs and one of the largest in Sweden in recent years. The order was included in Valmet's first quarter 2017 orders received and the value of the order will not be disclosed. The start-up of the new equipment is planned to first

Vida Alvesta invests in a further continuous kiln from Valutec

Vida Alvesta has chosen to invest in a continuous kiln from Valutec. This deal is the second within a short space of time between Valutec and Vida Alvesta, a customer that chose a drying solution of the same type just five years ago. The investment will increase the drying capacity at Vida Alvesta from around 175,000 m3 to 225,000 m3 and will help to even out production and facilitate stock management.“We already have a very good relationship with Valutec. They are highly knowledgeable and provide excellent support. Therefore we saw no reason to switch supplier,” says Christian Drott, CEO

Quality and energy efficiency essential factors in Frödinge’s choice of lumber kilns

Frödinge Hällerum Timber is investing in four trolley-fed batch kilns from Valutec. This will increase capacity for lumber drying at the sawmill in Frödinge and also facilitate quality gains.“We are known for high quality, and the drying process is essential in order to deliver the best products. The trolley-fed solution also helps us to achieve important energy savings,” says Torbjörn Svensson, MD of Frödinge Hällerum Timber.The sawmill in Frödinge, which currently has a production capacity of 50,000 cubic metres, has invested in its production chain over the past five years, including

Lippulaiva to house the world’s largest geothermal power plant in a shopping centre

CITYCON OYJ    Press release       17 May 2017 at 10:30 a.m.Citycon is building the new state-of-the-art Lippulaiva shopping centre in Espoo, Helsinki Area. The heating and cooling of the shopping centre will be produced by renewable, carbon-neutral geothermal energy derived from the bedrock. Lippulaiva will use all of the heating and cooling energy provided by the plant, so the energy production will be local. The plant will make Lippulaiva almost completely self-sufficient in terms of heating and cooling energy. Citycon is partnering in the project with energy company Adven,

Orfadin® capsules approved in the Kingdom of Saudi Arabia for the treatment of hereditary tyrosinemia type 1

Swedish Orphan Biovitrum AB (publ)  (Sobi™) today announces that the Saudi Food and Drug Administration (SFDA) has approved Orfadin® (nitisinone) capsules in all strengths (2 mg, 5 mg, 10 mg and 20 mg) for the treatment of hereditary tyrosinemia type 1 (HT-1) in combination with dietary restriction of tyrosine and phenylalanine. HT-1 is a progressive, rare genetic disease that may result in liver and kidney complications and in most cases fatal if untreated. In the most common form of the disease, symptoms arise within the first six months of the child's life. “We

Itiviti wins industry award for “Most Innovative New Product”

Stockholm, SWEDEN, May 17, 2017 – Itiviti, a world-leading technology provider for the capital markets industry, has been recognized by the 2017 Technical Analyst Awards, where the regulatory solution Itiviti Analyst was named Most Innovative New Product. Judged by an independent panel of experienced industry experts, the Technical Analyst annual awards celebrate excellence in technical analysis research and trading software.Itiviti Analyst, with its pioneering suite of five modules, helps eliminate the mandatory direct effects of MiFID II. Itiviti Analyst manages the most demanding

Sandvik Materials Technology intends to divest the welding and stainless wire businesses

In order to further consolidate the product portfolio and improve its long term performance, Sandvik Materials Technology intends to divest parts of its wire operations. · To be divested: welding and stainless wire. These businesses are subject to intense competition and Sandvik Materials Technology does not hold a No. 1-2 market position. In 2016 the wire businesses, which are to be divested, generated total annual revenues of about 700 million SEK. · To remain in Sandvik Materials Technology: Kanthal wire for industrial heating etc. These businesses will be included in the

Kindred’s Maris Bonello wins Innovator of the Year 2017

Kindred’s Maris Bonello won the 10th award for responsible gambling efforts in the Kindred Group, when she won Innovator of the Year at the 8th Women in Gaming Awards in London.Kindred Group’s (previously Unibet Group) Integrity Analytics Manager, Maris Bonello, won the prestigious award “Innovator of the Year” at the yearly Women in Gaming Award show on Friday 12 May at the Savoy hotel in London. Maris was nominated for her efforts in developing the award-winning system Player Safety Early Detection System (PS-EDS). The detection system alerts responsible gaming experts at Kindred when

Detection Technology Plc - Managers' Transactions

Detection Technology Plc Managers' Transactions 17 May 2017 at 10:00 (EEST) Detection Technology Plc - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Utela, Kai Position: Other senior manager Issuer: Detection Technology Plc LEI: 743700IXKYKNXJ6BFL39 Notification type: INITIAL NOTIFICATION Reference number: 743700IXKYKNXJ6BFL39_20170516194806_4 ____________________________________________ Transaction date: 2017-05-15 Venue: FIRST NORTH FINLAND (FNFI) Instrument type: SHARE

Redsense is finalizing an agreement in Switzerland with a distributor of dialysis machines that connects directly to the company's alarm system

Redsense Medical is finalizing an agreement to sell the company's alarm system for detection of blood leakage with Theramed AG in Switzerland, who is also distributor of dialysis machines that can connect directly to Redsense Medical´s alarm system for increased functionality. Theramed has already published a customer magazine where Redsense is presented.Redsense Medical is noticing an increasing market acceptance for the company's alarm system for blood leakage in both Europe and the United States. Since the International Electrotechnical Commission (IEC) recently adopted the PAS 63023

Report from Cinnober’s Annual General Meeting 2017

Cinnober Financial Technology AB (publ) held its annual general meeting on Tuesday 16 May under the chairmanship of attorney at law Thomas Nygren. The meeting adopted the following decisions, among others. · The income statement and balance sheet were approved for the parent company and the group. · The Board's proposal for distribution of profits was approved, which meant that the profits for the year would be carried forward. · The Board and the CEO were discharged from liability for the fiscal year 2016. · The meeting re-elected six board members: Nils-Robert Persson,

Workwear is this spring’s big launch at Clas Ohlson!

After offering workwear in a smaller number of stores, Clas Ohlson is now launching its own collection of workwear under the brand Workwear by Clas Ohlson. The workwear collection is now available in all Clas Ohlson markets, both in stores and online.The range, which is unisex, consists of trousers, t-shirts, shirts, jackets, belts, braces, beanies, socks, kneepads and base layer sets. In common for all products is that the customers should feel that the garments are useful for all kinds of home fixing projects, and at the same time have a fit and design which makes them comfortable to use

Volvo pioneers autonomous, self-driving refuse truck in the urban environment

In the latest research and development in self-driving vehicles, Volvo Group, together with Swedish waste and recycling specialists Renova, is testing a pioneering autonomous refuse truck that has the potential to be used across the urban environment. The project explores how automation can contribute to enhanced traffic safety, improved working conditions and lower environmental impact.“There is amazing potential to transform the swift pace of technical developments in automation into practical benefits for customers and, more broadly, society in general. Our self-driving refuse truck is

Atlas Copco opens U.S. manufacturing plant

Stockholm, Sweden, May 17, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, today inaugurates a manufacturing plant in the United States that will increase productivity for construction customers and boost safety for hospitals.Atlas Copco has invested MUSD 25 (MSEK 220) in the brand-new factory in Rock Hill, South Carolina, United States. The plant will manufacture portable compressors and generators for the construction market, as well as medical gas products for hospitals. Some 330 employees will work at the facility.  “This state-of-the-art factory will

Safety in focus when Volvo Trucks and Renova test autonomous refuse truck

Together with Swedish waste management company Renova, Volvo Trucks is currently testing and researching how automated vehicles can contribute to safer, more efficient refuse handling and create a better working environment for drivers. The automated systems being tested are in principle the same as those fitted to the autonomous Volvo truck operating in the Kristineberg Mine in northern Sweden since autumn 2016.“Driving a heavy commercial vehicle in an urban residential area with narrow streets and vulnerable road users naturally imposes major demands on safety, even when the vehicle’s

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