August 16, 2013 / 6:27 AM / 4 years ago

UPDATE 2-NORDIC STOCKS - Factors to watch on Aug 16

(Adds Vestas, H&M factors)

HELSINKI, Aug 16 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Friday:


The Danish shipping and oil group reported a smaller than expected drop in second quarter net profit, aided by a sharp improvement in its container shipping unit and costs.

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The world’s second-biggest apparel retailer is looking to Ethiopia as a new low-cost country in which it will produce clothing as it races to keep shelves stocked at a growing number of stores worldwide, the Wall Street Journal reported.

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The Danish wind turbine manufacturer said on Friday it has received claims from 87 investors for damages totalling 300 million Danish crowns ($53 million).

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The Danish luxury stereo and television reported a fourth-quarter pretax loss in line with expectations on higher costs and tough market conditions in Europe.

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The Norwegian mobile browser maker reported second quarter earnings ahead of expectations on Friday and raised its full year guidance.

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The Norwegian industrial group, which builds heavy installations like oil platforms, took in more orders in the second quarter than expected and raised its full-year revenue guidance.

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Denmark’s biggest bank is underestimating the group’s overall risks, according to three professors, daily Jyllands-Posten and Berlingske Tidende said. The professors believe the bank ought to further boost its equity capital to counter risks, to which the bank disagrees, Jyllands-Posten said.

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U.S. deliveries of the six top categories of home appliances, AHAM 6, increased by 10.8 percent year-on-year in July, statistics from the Association of Home Appliances Manufacturers showed. So far this year, shipments in the category have increased 8.1 percent.

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