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

Fri Jul 10, 2009 2:45am EDT

Stocks

   

(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.

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

CARLSBERG (CARLb.CO)

Shares in Danish brewer Carlsberg dipped on Thursday after a Russian newspaper reported the Russian government was preparing to raise taxes on beer, wine and spirits in 2010-2011. But Carlsberg Chief Executive Jorgen Buhl Rasmussen, dismissed the report as rumour. "There's always a sea of rumours, and we have not seen anything confirmed about a tax increase," he told the daily Berlingske Tidende. If there were a tax hike, Carlsberg would react with higher beer prices, Rasmussen said.

Separately, Bernstein has raised its target price on the stock the Danish brewer to 480 Danish crowns from 430 crowns. It has an outperform rating on the stock.

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

** 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)



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