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UPDATE 3-NORDIC STOCKS-Factors to watch on May 21
May 21, 2014 / 5:50 AM / 3 years ago

UPDATE 3-NORDIC STOCKS-Factors to watch on May 21

(Adds Subsea 7, updates Volvo) The following stocks may be affected by newspaper reports and other factors on Wednesday:


The world’s second-biggest truck maker said on Wednesday deliveries of its trucks fell one percent year-on-year in April, well below market expectations.

The mean forecast in a Reuters poll of analysts was for shipments at the maker of Volvo, Mack, UD Trucks and Renault trucks to rise 4 percent.

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The Norwegian oil services supplier has won a $460 million contract from British oil company Premier Oil for work at the Catcher oilfield in the British section of the North Sea.

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The Danish shipping and oil group posted on Wednesday a first-quarter net profit above forecast thanks to a doubling of profit in container shipping business Maersk Line. Net profit rose to $1.207 billion. Maersk reiterated its full-year outlook for Maersk Line.

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Novo Nordisk, the world’s biggest insulin maker, said late on Tuesday the U.S. Food and Drug Administration (FDA) had informed the company that an FDA Advisory Committee meeting was tentatively scheduled for Sept. 11 to discuss Novo’s new drug application for liraglutide 3 mg for the treatment of obesity. Novo submitted the application in December 2013.

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