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NORDIC STOCKS - Factors to watch on Dec 8
December 8, 2016 / 6:43 AM / 10 months ago

NORDIC STOCKS - Factors to watch on Dec 8

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

FINGERPRINT CARDS (FPC)

The Swedish biometric technology firm slashed its revenue guidance for 2016, hit by inventory build-ups, softer smartphone volumes and stiffening competition, but forecast sales next year roughly in line with expectations.

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TELENOR

Chairwoman Gunn Waersted recently called on Chief Executive Sigve Brekke of the Norwegian state-controlled telecoms firm to step down, financial daily Dagens Naeringsliv (DN) reported late on Wednesday, quoting unnamed sources.

Brekke did not yield to the request however, and has won the backing of the remaining board members, DN said. The company did not respond to a request from Reuters for comment.

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NORDIC WATERPROOFING

Funds advised by Axcel and KIRKBI Invest have respectively sold 3.4 million and nearly 600,000 shares in Nordic Waterproofing Holding through an accelerated bookbuilding at a price of 82 Swedish crowns per share, the company said. Nordic Waterproofing shares closed at 86.25 crowns on Wednesday.

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Reporting by Copenhagen, Oslo, Helsinki and Stockholm newsrooms

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