• Most Popular
  • Most Shared

NORDIC STOCKS - Factors to watch on July 2

Thu Jul 2, 2009 1:28am EDT

Stocks

   

HELSINKI, July 2 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday:

TELIASONERA (TLSN.ST)

The Nordic telecom operator will not go unscathed from the economic downturn that has mired its Swedish home market, the company's top executive Lars Nyberg said in an interview with business daily Dagens Industri.

"Now there is talk unemployment will hit 11 percent in Sweden and that will certainly affect our revenues," Chief Executive Lars Nyberg was quoted as saying.

Nyberg also said the operator's main focus was growing in its existing markets. "Sure, it is a buyers market right now and we have a strong financial position, but to enter new markets is risky," he said.

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

AMER SPORTS (AMEAS.HE)

Helsinki bourse said late on Wednesday SEB Enskilda has opened the books to selected institutional investors to sell Icelandic Novator's 20.11 percent stake in sporting goods firm Amer Sports. [ID:nL1672351]

For more on the company, double click on [AMEAS.HE]

ALMA MEDIA (ALN1V.HE) Finnish publisher Ilkka (ILK1S.HE) said late on Wednesday it had agreed to buy a 10 percent stake in larger rival Alma Media, raising its holding to 20.4 percent. [ID:nL1246920]

With the 34.6 million euro ($48.68 million) deal, which Ilkka said it plans to finance through a 40 million euros share issue, the firm will become the largest shareholder in Alma Media, Finland's second largest publisher.

For more on the companies, double click on [ALN1V.HE]

[ILK1S.HE]

** 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.

** Double click on <0#.INDEX.ST> for Swedish indices, <0#.INDEX.CO> for Danish indices, <0#.INDEX.HE> for Finnish indices and <0#.INDEX.OL> for Norwegian indices

** For real-time moves on Nordic blue-chip indices double click on .OMXS30, .OMXH25, and .OBX

** For constituent stock moves highlight the above codes in the command box and press the f3 button on your keyboard

** For Nordic top news items, double click on [TOP/NORD]

** For the latest news on Nordic stock price moves double click on [HOT-NORD-RTRS]

(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244) ($1=.7107 Euro)



More from Reuters

Photo

Senate panel approves Bernanke nomination

WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Thursday approved the nomination of Federal Reserve Chairman Ben Bernanke for a second term, sending it to the full Senate for a final confirming vote. | Video

President Barack Obama delivers remarks at Lehigh Carbon Community College in Allentown, Pennsylvania, December 4, 2009. REUTERS/Jim Young
Analysis:

Would you give him a B+ too?

"I told Michelle when we got here that in six months my poll numbers will start crashing," says President Obama. He's not worried -- yet.  Full Article 

Bernd Debusmann

Burning borrowed money

The Pentagon burns through $5 million in borrowed money every hour in Afghanistan and the amount is expected to more than double once additional troops are deployed.   Commentary