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NORDIC STOCKS - Factors to watch on July 14

Tue Jul 14, 2009 2:15am EDT

Stocks

   

(Adds Carlsberg, Novo Nordisk)

Russia

HELSINKI, July 14 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:

CARLSBERG (CARLb.CO)

Danish brewer Carlsberg's business in Russia, where it owns the biggest brewery Baltika, has been hit by a weakening of the rouble, financial daily Borsen said. Just over the past week the rouble fell by about 5 percent against the euro, which reduces the value of revenue to Carlsberg when it is converted into Danish crowns, the newspaper said.

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

NOVO NORDISK (NOVOb.CO)

A misinterpretation of Swedish rules led the Danish drugs group to being fined for hosting Swedish doctors and nurses on a trip to South Africa in 2006, a company spokesman told daily Berlingske Tidende. But the company maintains that the journey was for participation in a medical convention, not a pleasure trip.

For more on the company, double click on [NOVOb.CO]

REC (REC.OL)

The Norwegian solar material supplier said that preliminary counts indicated its announced share issue was about 60 percent oversubscribed. [nLD713419]

REC announced on June 23 that it raised 4.5 billion Norwegian crowns ($695 million) in a rights issue to shore up its finances, and said it issued the shares at 26.50 crowns each. [ID:nLN635189]

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

** 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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