NORDIC STOCKS - Factors to watch on June 4

Thu Jun 4, 2009 1:48am EDT
 
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HELSINKI, June 4 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday:

SWEDISH BANKS

Sweden is prepared to take stakes in the country's banks if they fail to manage their mounting loan losses, Sweden's Finance Minister Anders Borg said on Swedish television on Wednesday.

"If the banks approach us with large credit losses after making a lot of money on lending, their shareholders will have to pay the consequences," Borg told broadcaster SVT.

Borg's comments were in line with a bank support package put in place by the government earlier this year.

For more on the Swedish banks, double click on [SWEDa.ST], [SEBa.ST], [NDA.ST], [SHBa.ST]

ERICSSON (ERICb.ST)

The current valuation of the Swedish telecom equipment maker is based on the assumption of next to no growth and that normal profitability will not return until 2011. These are low expectations that may turn out to be too negative, Swedish daily business Dagens Industri said.

For more on the company, double click in [ERICb.ST]

TGS-NOPEC (TGS.OL) The Norwegian seismic surveyor holds its annual general meeting at 1400 GMT.

For more on the company, double click on [TGS.OL]

** For a summary of upcoming results and forecasts, double click on [NORD/EQTY]

** For the western European company diary covering earnings, shareholder meetings, news conferences and analysts' meetings, click on [WEU/EQUITY] or type in the code and hit the f9 button.  Continued...

 

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