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UPDATE 1-NORDIC STOCKS - Factors to watch on Nov 14
November 14, 2012 / 7:46 AM / 5 years ago

UPDATE 1-NORDIC STOCKS - Factors to watch on Nov 14

(Updates with Norden results, Gartner report)

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


Regional airline Flybe may be interested in buying Norway’s Widerøe after SAS put the company up for sale earlier this week, Aftenposten said on Wednesday.

“We are always looking for opportunities to expand in Scandinavia, Nordic and the Baltics. We will now look at the opportunities that have opened up in Norway when Widerøe now is for sale”, a spokeswoman told the paper.

Separately, business daily Borsen said the Danish ministry for finance has prepared for a collapse of the struggling Scandinavian airline.

The plan includes how to minimise losses on its 14.3 percent stake in the airline, as well as how to deal with stranded Danish passengers in case of bankruptcy, it said.

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The Danish shipping company unexpectedly swung to an operating loss in the third quarter as both dry cargo and tanker markets worsened.

It reported an operating loss of $1.0 million. Analysts on average expected a $2.0 million profit, according to a Reuters poll.

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Talvivaara shares have fallen heavily in recent sessions as the Finnish company struggles to fix a waste water leakage at its nickel mine in Sotkamo, eastern Finland.

Investors expect the company to seek financing to make up for halted production and clean-up costs.

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U.S. research firm Gartner said global cellphone sales in the third quarter fell 3 percent from a year earlier.

Gartner said it expects a lower-than-usual boost from holiday sales this year for the cellphone industry.

The company announced late on Tuesday that it was boosting its mapping and location service.

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