Novo Nordisk to join elite Stoxx Europe 50 index

Rating is likely to impact positively on share price

Jun 3, 2015

The medicinal giant Novo Nordisk will soon take its place on the prestigious Euro Stoxx 50 index, the leading rating system of European blue chips, where it will join the likes of Bayer, Shell, AB-Inbev and HSBC, Børsen reports.

On June 22, Novo Nordisk will bump the British bank Standard Chartered from the list of high-flying European companies. The promotion is likely to impact positively on the company’s share price, according to Børsen, as a number of investment funds structure their portfolio to match the index.

The company’s stock has been steadily climbing since January, following a year in which Novo Nordisk earned the equivalent of four million kroner per hour, day and night.

With a market value of 1,000 billion kroner, Novo will be the seventh biggest company on the Euro Stoxx 50.

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Novo Nordisk to join elite Stoxx Europe 50 index

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

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Foreign labour contributes DKK 76 billion to Danish economy in three months

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How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

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