Bloomberg In 2021, a Swedish property company was one of Europe’s top stocks. It’s ending 2022 at the very bottom of the leaderboard, with a 73% slump that underpins a sector-wide reset. The reversal of fortunes for Samhallsbyggnadsbolaget i Norden AB — known as SBB — illustrates the woes of Swedish real estate stocks as they grapple with the …

  Bloomberg British retailers are drumming up new credit offers to encourage shoppers to spend more during one of the most challenging Christmas periods for business in years. For the first time in a decade, department store John Lewis Partnership Plc, a favourite of middle-class Britons, has lowered the threshold for interest-free loans to £500 ($608) from £1,000. High Street …

  Bloomberg L3Harris Technologies Inc has agreed to buy rocket engine maker Aerojet Rocketdyne Holdings Inc in a deal valued at about $4.7 billion. L3Harris will pay $58 per share in the all-cash transaction, which includes debt, the company said in a statement. The transaction price represents a 37% premium to what Aerojet cited in an investor document as its …