UPDATE 1-NORDIC STOCKS - Factors to watch on July 10

Fri Jul 10, 2009 2:45am EDT
 
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(Adds DNB NOR, Skanska and Carlsberg)

HELSINKI, July 10 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Friday:

ERICSSON (ERICb.ST)

Sprint Nextel Corp (S.N) said late on Thursday it would pay Ericsson $4.5 billion to $5 billion to manage its network under a 7-year deal in which 6,000 Sprint workers will move to Ericsson. The job transfers to Ericsson Services Inc are expected to occur late this quarter, the companies said.

For a full story on Sprint deal, double click on [ID:nN09472369]

Separately, Sony Corp (6758.T) Chief Executive Howard Stringer said the Japanese group had no plans to buy out Ericsson's stake in their loss-making mobile joint venture Sony Ericsson. Analysts have said Ericsson might seek to abandon the venture and life in the hands of Sony.

For a full story on Sony comments, double click [ID:nN09475364]

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

DNB NOR (DNBNOR.OL)

Norway's biggest bank repeated its 2010 main financial target after it posted a bigger-than-forecast drop in second-quarter profits, but said the future remained uncertain.

Pretax profit in the quarter fell to 1.15 billion Norwegian crowns ($176 million), down from 4.36 billion, and was below the median forecast in a Reuters poll of 2.08 billion.

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

SKANSKA (SKAb.ST)

The Nordic region's top builder said it had won a contract for construction work at a refinery in southern Brazil worth $100 million. The deal would be included in second-quarter order bookings, the company said.  Continued...

 

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