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UPDATE 3-NORDIC STOCKS - Factors to watch on Nov 6
November 6, 2012 / 6:41 AM / 5 years ago

UPDATE 3-NORDIC STOCKS - Factors to watch on Nov 6

(Adds DNO, updates Pandora)

HELSINKI, Nov 6 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:


The Norwegian oil firm found more oil in the Benenan field in Iraq’s Kurdistan region, more than doubling its proven and probable reserves in the field to 600-700 million barrels.

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The Danish jewellery maker raised full-year outlook after third-quarter operating profit of 463 million Danish crowns ($79 million) beat forecasts on the back of double-digit percentage sales increases in the Unites States and Europe.

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The ailing Danish wind turbine manufacturer’s plan to cut 3,700 jobs by year-end could be extended already early next year, daily Jyllands-Posten reported.

Separately, daily Berlingske Tidende wrote that Vestas has engaged investment banks to search for alternatives to a partnership with Japan’s Mitsubishi in case the companies will not land a deal, Berlingske said.

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The Nordic region’s second-biggest insurer Tryg will sell its Finnish unit to Sampo’s If P&C Insurance for 15 million euros ($19.17 million).

Tryg also renewed its partnership with Nordea, who will continue to sell Tryg’s products in Denmark and Norway for another five years.

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The Swedish telecom equipment maker is due to hold presentations to investors, analysts and media later on Tuesday. The event begins at 0800 GMT.

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The Swedish telecom operator paid three times as much for its 3G license in Uzbekistan as did its rival Vimpelcom though two deals were carried out in the same six-month period and with the same company -- Gibralter-based Takilant, business daily Dagens Industri reported.

Swedish prosecutors earlier this year opened a preliminary probe into TeliaSonera’s Uzbek deal and froze around $30 million of Takilant’s assets in a Swedish bank account.

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Finnish mining company Talvivaara’s waste water leakage due to which it shut down metals plant in Sotkamo should not have any impact on the fourth-quarter profitability or production, Chief Executive Harri Natunen told business daily Kauppalehti.

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Additional reporting by Copenhagen, Oslo and Stockholm newsrooms $1 = 0.7823 euros $1 = 5.8353 Danish crowns Reporting by Helsinki Newsroom

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