STOCK EXCHANGE: The Helsinki Stock Exchange picked up as the evening went on, Wärtsilä and GRK in strong bet

Investors’ main focus this week is on Wednesday, when the US central bank, the Fed, will announce its interest rate decision and comment on future prospects.

On the Helsinki stock exchange, for example, an infrastructure developer had a strong rise GRK Infrawhich had been mentioned In Kauppalehti’s news. The share closed up 3.8 percent to 13.31 euros.

In the most traded shares, Nordea rose 0.4 percent to 15.47 euros, while Wärtsilä strengthened by 2.2 percent to 30.34 euros.

Agreement for TietoEvry

Software and consulting company TietoEvry (-1.1%) announced that the Finnish Transport and Communications Agency Traficom has chosen the company’s consulting business as a supplier of quality assurance and testing services.

The estimated value of the acquisition for the entire contract period is approximately EUR 24 million. The contract period is five years.

Tieto has four business areas, three of which focus on its own software and one on consulting. The turnover of the consulting-focused business was 837 million euros last year.

Change negotiations completed

Engineering works Training (-0.8%) announced that they have completed change negotiations on layoffs in the business focused on packaging materials and papers and in the global supply chains unit.

According to the release, the final result of the negotiations was that Valmet can implement temporary layoffs in the first half of next year if necessary.

Forestry company Forest Board (-3.4%) completed the change negotiations. A total of 310 jobs will end in all countries of operation. The negotiations are estimated to bring a total of around 30 million euros in annual cost savings, the effects of which will begin to be seen from the beginning of next year. The company’s personnel expenses were 202 million euros last year.

OP raised Finnair’s target price

Bank OP raised Finnair (-1.8%) target price from EUR 2.60 to EUR 2.80, because the bank has updated the forecasts of the company’s financial indicators for the next few years. However, the recommendation remains at the reduce level.

Analysis house Inderes repeated The bettor (-2.2%) target price of EUR 0.46 and lowered his recommendation to add level from buy level. According to Inderes, the share is still undervalued, but the development of the investment company will still require time.

A health technology company Nightingale Health (-3.9%) announced that its CFO Tuukka Paavola leave the company immediately. For the time being, the acting CFO is the CEO Teemu Suna.