October 3, 2016 / 6:51 AM / a year ago

NORDIC STOCKS - Factors to watch on Oct 3

The following stocks may be affected by newspaper reports and other factors on Monday:

NORDEA

The bank must increase core capital from its end-June level, it said on Monday after a review by Sweden’s financial watchdog.

The bank said the expected common equity tier 1 ratio requirement by Sept. 30 was 17.3 percent, while its ratio stood at 16.8 percent and a pro forma ratio of 17.2 percent including synthetic securitisation as of June 30.

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ERICSSON, STORA ENSO

The Swedish mobile telecoms equipment maker’s board is close to making a decision on a new CEO, business daily Dagens Industri wrote, citing unnamed sources.

Top candidates include Hakan Eriksson, head of Ericsson Australia, and Karl-Henrik Sundstrom, CEO at Stora Enso , the paper said.

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AKER BP

The Norwegian oil firm said it will buy eight licenses from Tullow Oil.

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NORWEGIAN AIR SHUTTLE

Norway’s opposition Labour Party will block the budget carrier’s use of non-European crews on intercontinental flights if the party wins power next year, financial daily Dagens Naeringsliv reported.

Labour and the centre-left hold a slight lead in opinion polls ahead of the September 2017 vote for parliament.

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Reporting by Copenhagen, Oslo, Helsinki and Stockholm newsrooms

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