31.01.2011

Nordic markets had recovered most of their early losses at closing. Worries over Egypt and potential contagion to other oil producing nations worried investors. They were also pricing in a slight chance of Sue Canal traffic halt. Inflation is starting to worry European Central Bank as well when January CPI number came above target. Investors are now thinking ECB will raise rates before FED. Irish Central Bank cut 2011 growth forecast. Moody's cut Egypt's debt rating.

BioPorto is starting to sell NGAL test for diagnostic use in Europe. The test is designed to identify patients at risk of developing severe acute kidney injury. BioPorto advanced 6.4% today. Q-Med reported quarterly earnings. There were a lot of one-off costs but the underlying result was solid. Q-Med continues to trade slightly above Galderma's tender offer.

Neste Oil hailed a selection as world's 20th most sustainable company in Corporate Knights Global 100 list. The companies making the list are considered most capable in their sectors in managing environmental, social, and governance issues. This is to contrast the Public Eye Awards "prize" from Friday.

Ruukki group has signed an LOI to sell its 51% ownership in Junnikkala Oy, which is involved in Finnish sawmill business. The price is 6 million Euro and is subject among others to the minority shareholders ability to attain financing. Okmetic uses its option to buy ten crystal growing furnaces in Vantaa owned by the Norwegian company NorSun for around 3.3 million Euro. Telenor took proposed merger of Vimpelcom and Wind Telecom to arbitration.

Wärtsilä received plenty of analysts upgrades. The financial institutions cite quicker than expected recovery of global shop demand as a reason to raise target prices. Metso received an outsourcing agreement on mill maintenance from Saica on Partington, UK mill. Metso also got an order for a recovery boiler from Grasim Industries in India. Cargotec is to acquire US based terminal operator systems provider Navis for 190 million dollars. ABB received a substation order worth 53 million USD from Saudi Arabia.