UPDATE 1-NORDIC STOCKS - Factors to watch on Feb 27
HELSINKI, Feb 27 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Friday:
SCHIBSTED (SBST.OL)
The Norwegian media group posted deeper-than-forecast losses for the fourth quarter and said Scandinavian print classified advertising markets remained weak though the trend in online ads was better. [ID:nLR169521]
Losses before interest, tax and amortisation were 100 million crowns ($14.6 million) in the three months to end-December, against a profit of 247 million a year earlier.
For more on the company, double click on [SBST.OL]
ERICSSON (ERICb.ST), NOKIA (NOK1V.HE)
Ericsson expanded its lead in the ailing mobile network gear market in the October-December period as its closest rivals lost share to fast growing Chinese firms, researcher dell'Oro said. [ID:nLQ65026]
Ericsson kept its 32 percent share of the market in October-December, while the share of its closest rival Nokia Siemens Networks fell to 23 percent from 27 percent a year ago, dell'Oro said.
For more on the companies, double click on [ERICb.ST] [NOK1V.HE]
GM, SAAB GM.N
The Swedish government has found a possible buyer for loss-making GM unit Saab, daily Dagens Industri said quoting an unnamed source. The newspaper said Saab had already been contacted by 8 serious candidates to replace GM as owner, one of which is Swedish.
The source said the government was willing to discuss conditions for guaranteeing a loan with the European Investment Bank with parties interested in buying Saab.
DI said that GM was prepared to write off 7.8 billion Swedish crowns ($870 million) Saab owes it and provide a further 3.5 billion to keep the firm going if Saab can get other loan guarantees.
For more on the company, double click on [GM.N]
HKSCAN (HKSAV.HE)
The Finnish food group reported on Friday better-than-expected fourth quarter results, proposed a 2008 dividend above all analysts forecasts, and said 2009 profits would rise. [ID:nLR34469]
For more on the company, double click on [HKSAV.HE]
GN STORE NORD (GN.CO)
The Danish hearing aid and headset maker posted fourth quarter operating profit slightly below consensus on Friday and said it would not renew the contract of its Netcom chief executive. [ID:nDKT002408]
For more on the company, double click [GN.CO]
GENMAB (GEN.CO)
The Danish biotech company said its European Medicines Agency application for Arzerra for the treatment of chronic lymphocytic leukemia has been accepted and the review started this week.
The acceptance triggered a $10 million milestone payment from partner GlaxoSmithKline (GSK.L), Genmab said.
For more on the company, double click on [GEN.CO]
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(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244) ($1=8.937 Swedish Crown) ($1=.7865 Euro)
