MORNING NEWS

12 May 2010

+ BOLIDEN (BOL.ST) – Boliden increases its liquidity

+ TELENOR (TEL.OL) - TV4 sells 35 percent of Canal Plus to Telenor 10.30 UK, unemployment, April
+ SEB (SEBa.ST) – SEB: A tough future ahead 11.00 EMU, industrial production in March (1.0%) and GDP estimate in Q1 q/q
(0.1%) y/y (0.4%)
+ NOKIA (NOK1V.HE) - Nokia launches fresh shake-up 11.00 Poland, CPI, April
12.00 Latvia, CPI, April
Wednesday, May 12, 2010 14.30 USA, trade balance, March (USD -40.5bn)
PREVIOUS TRADE DAY
Turnover: 18.526 billion MISCELLANEOUS:
13.00- Riksdagen, Anders Borg, Minister for finance, participates in
TODAY committee on EU affairs meeting
REPORTS: 08.00 TNS Prosper,: inflation expectations, monetary market actors
STOCKHOLM STOCK EXCHANGE: 11.30 BOE, inflations report
08.00 Mekonomen, 08.30 Aspiro, 09.00 Phonera 12.00 EU assesses the euro letter of application from Estonia
NGM: NFO Drivers 12.05 Swedish National Debt Office, terms for nominal bond issue
FIRST NORTH: Tethys Oil 12.00 the money market closes
AKTIETORGET: Altero, Eurocine Vaccines, Klimax
SCANDINAVIA: 07.00 Deutsche Telekom, 07.00 Kloeckner, 07.30
Thyssenkrupp, 08.00 Bwin, 22.30 Cisco BOLIDEN (BOL.ST) – Boliden increases its liquidity
The mining group Boliden has procured SEK 2bn on two new credit
SHAREHOLDER MEETINGS: facilities to increase their "liquidity". The contracts run over seven
Betting Promotion, LBI International, Phonera, Prosafe, Schibsted years and is to 75 percent guaranteed by The Export Credit Board.
Boliden Group's liquidity is with the new credits SEK 9.2bn. (Dagens
EX. DIVIDEND: industri, 12 May)
Latour SEK 2.75, Peab SEK 2.50, SEB SEK 1.00, Yara NOK 4.50
TELENOR (TEL.OL) - TV4 sells 35 percent of Canal Plus to Telenor
MACROECONOMIC AGENDA: TV4 sells 35 percent of Canal Plus to Telenor for SEK 787m - a
Greece, GDP (prel), Q1 needed addition to the debt-ridden media group Bonnier funds.
Telenor becomes part owner of C More Entertainment, which
08.00 Germany, GDP (prel), Q1 operates the pay-television channel Canal Plus. Two years ago, TV4
08.45 France, CPI in April and GDP in Q1 paid around SEK 3bn to buy C More Entertainment. According to the
09.00 Austria, GDP, Q1 price now paid by Telenor, the company is only valued at SEK 2.2
09.00 Spain, GDP (prel), Q1
bn. Although TV4 Group is also getting some extra benefits of the
09.30 Netherland, GDP (prel), Q1
transaction, including the Norwegian and Danish rights to the
10.00 Italy, GDP, Q1
Football Championship 2012. (Dagens industri, 12 May)

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 MORNING NEWS
12 May 2010
SEB (SEB.ST) – SEB: A tough future ahead
The economic recovery will be long, varied and fragile said SEB's CEO
Annika Falkengren at yesterday's general meeting. The market's response to
NEW YORK CLOSING EU's rescue package, a hefty rise in the stock market Monday, with banking
Stock Diff local US closing USD Local close US. volumes shares among the winners, is not a effect of any over-interpretation
currency according to Annika Falkengren . "Sunday's statement was positive. The
ABB 0,9 18,5 140,3 6 840 102 Swedish banks (stocks) had gone down some before the surge came, "she
AstraZeneca 2,7 42,6 322,4 1 324 594 says. Yet stresses Annika Falkengren that much work remains. “Its about
Autoliv 2,1 50,2 381,0 2 084 625 tough savings. Sunday's statement serves as a stunning, but the tooth is still
to be root-filled and fixed. " (Dagens industri, 12 May)
Ericsson B 0,7 10,3 78,2 6 936 447
Millicom 9,4 87,9 662,0 1 326 858 NOKIA (NOK1V.HE) - Nokia launches fresh shake-up
Norsk Hydro 0,4 22,5 42,5 110 024
Nokia 0,2 11,0 83,6 29 786 117 Nokia has made a sweeping management overhaul amid rising investor
Novo Nordisk 6,1 80,5 468,7 258 970 discontent over the Finnish group’s struggle to regain lost ground in the
Pfizer 0,7 17,0 129,3 53 957 491 smartphone market. Nokia will combine its smartphone and mobile services
Royal Caribbean 0,6 32,0 198,3 2 560 452 businesses into a single unit in search of a product to rival its competitors’
products .It is the latest reorganisation by Nokia – aimed at improving its
sluggish performance in the fast-growing market for smartphones. Olli-Pekka
Statoil 0,4 22,5 139,0 1 754 965
Kallasvuo, CEO, said the changes would deepen integration between
Frontline 1,9 33,6 207,0 1 328 686
hardware and software development as mobile services. “We have a clear
UPM 0,0 13,1 10,3 26 130 direction. We know where we are going. But we have had difficulties with
Volvo 0,8 11,2 85,0 277 675 execution at times,” he told the Financial Times. The new mobile solutions
Acergy 1,2 17,8 109,4 709 965 unit will be headed by Anssi Vanjoki, previously in charge of Nokia’s
marketing operation. There will also be changes at Nokia’s core mobile phone
business – responsible for low and mid-end handsets – with Rick Simonson
stepping down after less than seven months in charge of the unit.
(financialtimes.com, 11 May)
CURRENCY / S&P SECTOR
PRICE CHANGE % INDEX PRICE CHANGE % PRICE CHANGE %
OIL INDEX
EUR/SEK 9,63 0,05 OMXS30 993 -1,22 Financial 213,47 -0,48
USD/SEK 7,64 1,03 HEX 6 647 -1,17 Industrial 276,13 -0,22
EUR/USD 1,26 1,04 KFX 394 -0,31 Pharmaceutical 352,89 -0,18
USD/NOK 6,21 -0,98 Hovedindeks 418 -0,47 Technology 370,15 -0,46
USD/DKK 5,90 -1,05 DAX 6 038 0,33 Operators 105,00 -0,14
WTI 1 month 75,6 -1,06 Dow Jones 10 748 -0,34 Paper 116,05 -1,73
Nasdaq 2 375 0,03 Amex Oil 1 027,27 -1,17
Nikkei 225 10 354 -0,55 Oil Services 196,55 0,31
Hang Seng 2 829 -1,23

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 MORNING NEWS
12 May 2010

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