Danish shares higher midmorning, Carlsberg higher, IC Companys lower |
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Thu, 22 Feb 2007 10:49
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COPENHAGEN (AFX) - Danish shares were higher in midmorning trade, led by Carlsberg and Novozymes, but IC Companys was sharply lower, dealers said.At 10.25, the OMXC20 index was up 0.90 points at 477.69 while the OMXCB Benchmark index gained 0.50 points to 454.86.Carlsberg AS was up 11.00 dkr at 580.00 after falling sharply in the last two days.Novozymes AS added 9.00 dkr to 496.50.GN Store Nord, which will release its full-year report later today, was up 1.50 dkr at 86.75. Investors will focus on the group's new strategy plan when the report is released, daily Borsen wrote.IC Companys fell 32.50 dkr to 340.00 after posting a weaker-than-expected first-half report and issuing a profit warning for the full year, dealers said. The group's first-half pretax profit came in 15 pct lower than expected at 225 mln dkr, analysts said. The group forecast full-year EBIT at 330-350 mln dkr from 375-400 mln dkr previously.IC Companys was downgraded to 'sell' from 'accumulate' at Jyske Bank following the release of the first-half report, RB Borsen reported.Coloplast shed 3.00 dkr to 493.50. The group said, according to daily Berlingske Business, it will fundamentally change its organisation and increase its focus on R&D and marketing.Among other heavily traded stocks, Vestas Wind Systems was up 0.50 dkr at 284.00, Danske Bank AS added 1.00 dkr to 269.50 and East Asiatic Co gained 5.50 dkr to 264.50.Bang & Olufsen was down 5.00 dkr at 715.00, while Danisco AS shed 3.50 dkr to 444.00.gustav.sandstrom@thomson.comgs/ms1COPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Danish shares lower midmorning, led by Carlsberg 