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Tuesday July 10, 2:46 PM

NORDIC STOCKS - Factors to watch on July 10

STOCKHOLM, July 10 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:

ERICSSON

India's Bharti Airtel Ltd. is set to sign a three-year $1.5 billion network outsourcing deal with Ericsson, Indian newspaper the Economic Times reported, citing unnamed sources. Ericsson will be entrusted with design, planning, supply, installation, commissioning and upgrading of Bharti's network in 15 telecom circles, the newspaper said.

The companies were not immediately available for comment.

For a full story double click on [nL10733564]

For more on the company double click on [ERICb.ST]

VOLVO

HSBC raised its rating on shares in the world's second biggest truck maker to overweight from underweight.

For more on the company double click on [VOLVb.ST]

STATOIL

The International Energy Agency forecast in a report that Norway's oil output, dominated by state-controlled Statoil, would amount to 2.5 million barrels per day this year, less than the 2.6 million barrels per day envisaged by Norwegian authorities.

The IEA also said Norway's oil output would drop to 2.05 million barrels per day by 2012 -- roughly 25 percent less than expected by Norway's oil directorate, according to daily Dagens Naeringsliv.

For more on the company double click on [STL.OL]

SAS

The head of the Scandinavian airline is staking his job on bringing an end to years of recurring strikes at the flagship carrier, he told Swedish daily Svenska Dagbladet.

"I am taking on half the responsibility -- if we don't have peace and stability in the company in this respect in two and a half years it is as much my fault as the unions'," CEO Mats Jansson was quoted as saying.

For more on the company double click on [SAS.ST]

ACTAVIS

Iceland's Novator, the investment vehicle of Actavis chairman Bjorgolfur Thor Bjorgolfsson, said late on Monday it was near its goal of 90 percent acceptance for a sweetened Actavis bid and extended the offer to July 18.

For a full story double click on [nL09898318]

For more on the company double click on [ACT.IC ]

FINNAIR

The Finnish national carrier's total passenger traffic increased sharply in June, boosted by continued strong growth in demand for flights to Asia as well as within Europe.

For scheduled traffic, Finnair's revenue passenger kilometres (RPKs) were up 26.5 percent in June and its scheduled load factor was 75.4 percent, down 0.8 percentage points year-on-year, due to increased capacity, it said.

For a full story double click on [nHEL005580]

For more on the company double click on [FIA1S.HE]

AKER YARDS

The Norwegian ship maker said it had purchased 1 million own shares at 75.5048 crowns per share, up from Monday's closing price of 73 crowns. Aker Yards shares have lost more than 30 percent since it issued a profit warming last Friday.

Following the transaction Aker Yards holds 5 million own shares, representing 4.4 percent of its outstanding shares.

For more on the company double click on [AKY.OL]

SCORPION OFFSHORE

Norwegian offshore services group Scorpion Offshore has agreed to construct a jackup drilling rig for Lamprell Plc for a turnkey price of $168 million, excluding drillpipe and handling tools. The deal includes options for four more rigs.

For more on the company double click on [SCORE.OL]

** For a summary of upcoming results and forecasts, double click on [NORD/DIARY] [NORD/EQTY]

** For the western European company diary covering earnings, shareholder meetings, news conferences and analysts' meetings, click on [WEU/EUROPE] or type in the code and hit the f9 button.

** Double click on for Swedish indices, for Danish indices, for Finnish indices and for Norwegian indices

** For real-time moves on Nordic blue-chip indices double click on , , and

** For constituent stock moves highlight the above codes in the command box and press the f3 button on your keyboard

** For Nordic top news items, double click on [TOP/NORD]

** For the latest news on Nordic stock price moves double click on [HOT-NORD-RTRS]

(Additional reporting by Stockholm, Helsinki and Copenhagen newsrooms)

 


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