UPDATE 2-NORDIC STOCKS-Factors to watch on May 15

Fri May 15, 2009 2:43am EDT
 
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(Adds A.P. Moller, Vestas, Storebrand, Stora Enso, Skanska, updates H&M, Prosafe)

HELSINKI, May 15 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Friday:

H&M (HMb.ST)

The Swedish fashion retail giant reported a slightly bigger than expected 8 percent year-on-year rise in sales at established stores in April as spring purchases finally took off. The mean forecast in a Reuters poll of 12 analysts had been for like-for-like sales at the Sweden-based company to rise 7.5 percent from a year earlier.

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

SCHIBSTED (SBST.OL)

The Norwegian media group Schibsted posted a bigger than expected drop in core profits for the first quarter and said it would raise capital with a 1.3 billion crown ($198 million) rights issue corresponding to more than a quarter of its current value.

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

STOREBRAND (STB.OL)

Icelandic bank Kaupthing sold 20.38 million shares in Norwegian insurance company Storebrand (STB.OL), a stake of about 4.5 percent, at 24.50 crowns per share through a placement, the arrangers of the sale said.

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

A.P. MOLLER-MAERSK  Continued...