NORDIC STOCKS - Factors to watch on July 14

(Adds Carlsberg, Novo Nordisk)

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.