European stock markets saw a general rise on Friday afternoon, with the OMXH general index in Helsinki increasing by 0.2 percent after opening at 0.3 percent. The index was just below the 10,000 point mark. Nokia’s stock rose by 1.1 percent following the announcement of its acquisition of Californian company Infineran for $2.3 billion. This acquisition aims to strengthen Nokia’s position in optical networks and increase its turnover in the United States.
Other notable stocks on the rise included Nordea, up by 0.9 percent, while Fortum saw a 3.2 percent decrease. Fortum’s management team experienced some changes, with two members set to leave by the end of 2024. Additionally, Goldman Sachs downgraded Fortum’s recommendation to sell.
Nightingale, a health technology company, experienced a 20 percent increase in its stock value after entering into a partnership with Boston Heartin to sell its Health Check service in the U.S. Bioretec, a developer of orthopedic implants, faced a delay in obtaining the European CE mark for its Remeos trauma screw.
Overall, the stock market showed varied movements with some companies experiencing gains and others facing challenges. Investors will continue to monitor these developments closely in the coming days.