Automatic translation: Originally published in Danish 25/09/2026, 07:04 GMT. Give feedback here.

Lundbeck announced this morning that the company is relocating its US headquarters from Deerfield, Illinois, to Greater Boston, Massachusetts, where it is simultaneously establishing a global innovation hub. According to the company, the move is part of the next phase of its Focused Innovator strategy, aiming to scale its growing neuroscience portfolio and pipeline while strengthening its digital and AI-based capabilities. https://www.inderes.dk/releases/h-lundbeck-as-lundbeck-to-establish-global-innovation-hub-in-greater-boston-and-relocate-us-headquartersOur Finnish colleagues at Inderes, who cover the Sampo share, raised their recommendation on the share to Buy (from Accumulate) in a research report published last night, with a target price of EUR 10.50 per share (DKK 78.50 per share), compared to a closing price last night of EUR 8.80 (DKK 65.74). This is due to Sampo experiencing a clear share price decline this week after the Finnish state, via Solidium, sold 70 million shares at EUR 9.00 per share. According to Inderes, the sale is driven by Solidium's own funding needs rather than a changed view on the potential of the Sampo share. Rising interest rates and renewed fears regarding AI in the US insurance sector have also pressured Nordic insurance shares over the past week. Estimates for 2026 have been decreased by approx. 2% due to an expected weaker investment return in Q3, but this is a technical adjustment. Operational estimates and guidance from 2027 onwards remain unchanged. Our analyst at Inderes expects an annual growth in operational earnings per share of approx. 10% in 2026–2029, driven by underwriting, premium growth, and synergies from Topdanmark. On top of this comes a total return from dividends and share buybacks of approx. 7% per year. With normal investment returns, the P/E for 2027 drops to below 15x (2026E: 20x), and Inderes now calls the return potential very attractive. The next catalyst is the company's capital markets update in November, which will introduce new targets for the next strategic period. You can read the full research report here: https://www.inderes.dk/research/sampo-opdatering-kob-opNorth Media announced yesterday that the company has appointed Anders Dahl as the new CEO of its subsidiary BoligPortal, effective October 1, 2026. He succeeds Group Executive Director Martin Frandsen Tobberup, who has served as interim CEO since September 4. Dahl joins from a position as CEO of CarBuddi A/S and brings 20 years of experience in SaaS development as well as leadership roles at companies including KMD and iPaper.Disclaimer: HC Andersen Capital receives payment from the mentioned companies for a Digital IR subscription agreement. /Rasmus Køjborg, CFA on 25/09/2026 at 09:05.