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7 months ago
NORDIC STOCKS - Factors to watch on Dec 15
December 15, 2016 / 6:33 AM / 7 months ago

NORDIC STOCKS - Factors to watch on Dec 15

3 Min Read

(Adds Nokia and Kesko) The following stocks may be affected by newspaper reports and other factors on Thursday:

Hennes & Mauritz

The budget fashion retailer said on Thursday local-currency turnover in November was up 9 percent from a year earlier, below a mean forecast in a Reuters poll of analysts for a 15 percent rise.

For more on the company, click on

Statoil

The Norwegian oil company said it has agreed to sell its Canadian oil sands assets to Calgary-based Athabasca in a deal worth up to 832 million Canadian dollars ($626.55 million).

Statoil added it will book an impairment of $500 million-$550 million from the transaction, excluding negative currency effects. bit.ly/2hyCecP

For more on the company, click on

Haldex

Germany's Knorr Bremse said on Wednesday it had received a request for additional information from U.S. regulators as part of its planned takeover of Sweden's brake systems maker Haldex.

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Swedish Match

The U.S. Food and Drug Administration left open the door on Wednesday for Swedish Match to claim its snus smokeless tobacco products represent a substantially lower risk to health than cigarettes.

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Axfood, Matse Holding

Swedish food retailer Axfood on Thursday launched a cash bid for online food retailer Matse Holding. Shareholders holding a combined 83.2 percent in Matse have committed to accept offer.

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Nokia

The Finnish network equipment maker said it would buy Deepfield, a small IP network analytics company based in the United States.

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Kesko

The Finnish retailer said its sales in November rose 40 percent from a year ago to 948 million euros ($994 million)thanks to recent acquisitions.

For more on the company, click

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Reporting by Copenhagen, Oslo, Helsinki and Stockholm newsrooms $1 = 1.3279 Canadian dollars

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