Skanska AB said European markets are expected to remain weak with intense competition in the coming year as the Nordic region’s biggest builder posted third-quarter profit that missed analysts estimates.
Geberit AG, a Swiss maker of toilets and bathroom piping, reported third-quarter earnings that beat analyst estimates helped by a recovery in northern European markets. The shares rose the most in two years.
Livonia Partners, a new investment company minority owned by Estonia’s LHV Group AS, wants to boost investor access to private companies in the three Baltic economies, among the fastest-growing in the European Union.
The Nordic countries could establish a system of mutual recognition of bank capital requirements for exposures incurred in a neighboring country, the Nordic finance ministries said today in a statement on the Norwegian Finance Ministry’s website.