October 7, 2014 / 6:23 AM / in 3 years

NORDIC STOCKS - Factors to watch on Oct 7

HELSINKI, Oct 7 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:

NESTE OIL

The state-controlled Finnish refiner said it would invest about 500 million euros ($631 million) to boost and integrate production at its two refineries in Finland, and also cut 250 jobs.

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DNO

Major DNO shareholder RAK Petroleum plans to list in Oslo, a move that will be positive for DNO, according to Swedbank analyst Teodor Sveen Nielsen, who has a ‘buy’ recommendation for the stock. [ID:nL6N0S13SF}

“It probably will improve the transparency of the RAK-DNO relationship and could probably reduce or eliminate any potential corporate governance discount in the market’s assessment of DNO’s fair share price,” he wrote in a note to clients.

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KESKO

The Finnish retailer said it looks to reduce up to 230 jobs as part of its new restructuring programme.

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LUNDIN MINING

The Canada based miner, listed in Toronto and Stockholm, will buy Freeport-McMoRan Inc’s 80 percent stake in the Candelaria copper mining operation in Chile for at least $1.8 billion, more than doubling its copper output.

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FINNAIR

Finland’s flag carrier late on Monday said it and cabin crew union reached a deal which would permanently cut the company’s annual costs by 18 million euros.

In a separate statement, Finnair said its overall capacity in September was flat and traffic measured in revenue passenger kilometres decreased by 1.2 per cent year-on-year.

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Additional reporting by Copenhagen, Oslo and Stockholm newsrooms Reporting by Helsinki Newsroom

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