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NORDIC STOCKS - Factors to watch on May 21
May 21, 2013 / 5:56 AM / 4 years ago

NORDIC STOCKS - Factors to watch on May 21

HELSINKI, May 21 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:


Danish insurance group Topdanmark is expected to report a 32 percent decline in pretax profit to 476 million crowns ($82.50 million) in the first quarter, according to a Reuters survey of analysts.

The report, due to be published at around 1000 GMT, may also move Sampo, the owner of about 23 percent of Topdanmark’s shares.

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The Danish oil and shipping group has loosened up its target for the oil unit Maersk Oil’s to reach a production of 400,000 barrels of oil per day from 2020, business daily Borsen said. The group has shifted its focus to profitablility, the paper said.

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The Swedish telecom gear maker has agreed to provide the U.S. Securities and Exchange Commission with information about a commission scheme for its agents abroad, business daily Dagens Industri reported, quoting an Ericsson spokesman.

This followed on a request by the SEC that Ericsson provide information about scheme on a voluntary basis after media reports questioned the use of the payments in Romania. The payment scheme is no longer used, the newspaper reported.

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Additional reporting by Copenhagen, Oslo and Stockholm newsrooms

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