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TELIA - Telia AB News Story

SEK36.64 0.1  0.3%

Last Trade - 5:00pm

Sector
Telecoms
Size
Large Cap
Market Cap £12.67bn
Enterprise Value £21.01bn
Revenue £7.51bn
Position in Universe 55th / 1832

BUZZ-Swedish stocks: seen opening slightly lower, Telia to buy Bonnier for $1 bln

Fri 20th July, 2018 7:39am
** Swedish shares seen opening slightly lower on Friday, in line with
European markets
    ** The Chinese yuan skidded to one-year lows, unnerving investors in Asian
stock markets and stoking concerns Beijing's currency management could become
the next flash point in a fierce trade dispute with the United States.
 urn:newsml:reuters.com:*:nL4N1UG221
    ** Nordic telecom group Telia Company  TELIA.ST  reported second-quarter
core earnings in line with market expectations and said it had agreed to buy
Swedish Bonnier Broadcasting for 9.2 billion crowns ($1.03 billion).
 L8N1UG0LI  urn:newsml:reuters.com:*:nFWN1UF102
    ** Swedish steelmaker SSAB  SSABa.ST  reported second-quarter operating
earnings below expectations as soaring U.S steel prices failed to boost profit
in its Americas business as much as analysts had anticipated.  urn:newsml:reuters.com:*:nASN0008DS
    ** Swedish construction firm Skanska  SKAb.ST  posted an unexpected drop in
second-quarter operating profit and said its Construction division had taken new
writedowns in the quarter.  urn:newsml:reuters.com:*:nFWN1UG065
    ** Capio, which last week rejected a rejects $771 mln bid from the French
unit of hospital group Ramsay  RHC.AX   GDSF.PA , reported second-quarter core
profit that lagged expectations and said its board was running a structured
process to possibly divest its operations in France and Germany.  urn:newsml:reuters.com:*:nFWN1UG0B7
    ** Swedish mining and smelting company Boliden's  BOL.ST  second-quarter
adjusted operating profit missed expectations, as costs rose and production
decreased due to lower grades across its mines.  urn:newsml:reuters.com:*:nL4N1UG2GA urn:newsml:reuters.com:*:nFWN1UF12S
    ** Barclays raises price target on Epiroc AB  EPIRa.ST  to SEK 105 from SEK
97.
    ** Berenberg cuts price target on Essity AB (Publ)  ESSITYa.ST  to SEK 213
from SEK 224.
    ** Berenberg raises price target on Swedish Match AB  SWMA.ST  to SEK 505
from SEK 410.
    ** Credit Suisse raises target price on Nordea Bank  NDA.ST  to 9.1 euros
from 8.9 euros.
    ** Saab  SAABb.ST  Q2 EBIT misses estimate.  urn:newsml:reuters.com:*:nFWN1UG066
    ** Kinnevik  KINVb.ST  net asset value was 350 SEK/share by end of Q2.
 urn:newsml:reuters.com:*:nFWN1UF0ZZ
    ** Trelleborg  TRELb.ST  Q2 adjusted EBIT just misses forecasts.
 urn:newsml:reuters.com:*:nFWN1UF12T

 IG pre-market trading Stockholm OMXS30                     -0.2 pct
 Stoxx Europe 50 future                   STXEc1            -0.1 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     +0.6 pct 
 S&P 500 close previous trading day       .SPX              -0.4 pct 
 
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 

 (RM: esha.vaish.thomsonreuters.com@reuters.net)
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