SEB, the financial services company, has seen total assets under management fall 11% to Skr830bn (€90.9m) from the first quarter of 2000 to the first quarter in 2001.

The figure includes SEB's investment management, life insurance, and personal banking components, and is a result of market conditions, according to the firm.

SEB asset management flags in first quarter

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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