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UPDATE 1-NORDIC STOCKS - Factors to watch on Aug 21
August 21, 2012 / 5:52 AM / 5 years ago

UPDATE 1-NORDIC STOCKS - Factors to watch on Aug 21

(Adds Novo Nordisk)

HELSINKI, Aug 21 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:


The Danish insulin producer is criticised in the British Medican Journal for shortcomings in its research including lack of a control group in some studies, daily Berlingske Tidende said. The company says the criticism is without merit, Berlingske said.

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Denmark’s second biggest bank by market capitalisation, could confirm a preliminary half-year loss of 209 million Danish crowns ($34.6 million) given last month when reporting its result for the period at around 0600 GMT on Tuesday.

Jyske Bank said in July that new, stricter rules on loan impairments hit first-half pretax results by about 900 million Danish crowns, knocking it into the red for the period.

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The struggling Danish shippping company is expected to publish quarterly results on Tuesday before 0700 GMT. The company has for months tried to reach a deal with banks on its $1.9 billion of debt following a sector slump now in its fourth year, caused by a weak global economy, oversupply of vessels and freight rates at loss-making levels.

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The Danish insurance group is expected to report a 4.2 percent drop in second-quarter pretax profit, hit by lower results in both its life and non-life insurance units, a Reuters survey of analysts showed.

Pretax profit was estimated to have fallen to 384 million Danish crowns ($63.36 million) in the April-June quarter from 401 million in the second quarter last year, according to the poll.

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Additional reporting by Copenhagen, Oslo and Stockholm newsrooms $1 = 6.0332 Danish crowns Reporting by Helsinki Newsroom

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