June 24 (Reuters) – The following stocks may be affected by newspaper reports and other factors on Thursday:
Scandinavian airline SAS’ Deputy CEO John Dueholm said that passengers are coming back. “The traffic figures show that the market is about to turn. Not overall, but we see the beginning of an upturn, especially on intercontinental routes to Asia and the United States, but also on certain routes in Europe, particularly to big cities like London, Frankfurt, Munich and Paris,” Dueholm said, according to Danish daily Jyllands-Posten. “When you see the traffic figures for June, you will not be disappointed.”
For more on the company, double click on [SAS.ST], [SAS.CO] [SASNOK.OL]
The clothing giant reported second quarter results roughly in line with forecasts in Reuters poll and said cold weather had hit same-store sales in May.
H&M’s March-June pretax profit was 7.0 billion Swedish crowns ($905.5 million) versus a mean forecast of 7.1 billion in the poll.
May sales in comparable units fell by 4.0 percent compared to the same month last year.
For more on the company, double click on [HMb.ST]
SWEDISH MATCH (SWMA.ST)
Tough credit markets mean it is tough for companies to find affordable long-term financing, the chairman of the tobacco products firm told daily Dagens Industri.
Connie Karlsson said difficulties in financing had meant Swedish Match had not been purchasing its own shares as it normally does.
“We have a rolling mandate from the board, but we also have a clear financial policy in the company,” Karlsson said. “We haven’t made so many repurchases recently because it is hard to find good financing.”
The paper said the company had not bought back any of its own shares since early May, which is the month in which the company pays its dividend.
For more on the company, double click on [SWMA.ST]
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(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244) ($1=7.750 Swedish Crown)