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United Kingdom

Terje Solsvik

Seadrill beats profit guidance as rig demand picks up

8:23am BST

OSLO Seadrill beat its second-quarter core earnings guidance and forecast a further improvement in the third quarter as a pick up in offshore oil drilling boosts the rig operator's recovery from the brink of bankruptcy.

Struggling Norwegian Air gets a lift from bank stake sale

19 Aug 2019

OSLO Norwegian Air has agreed to sell its stake in banking company Norwegian Finans Holding for 2.22 billion crowns (202.68 million pounds) boosting the loss-making airline's finances and sending its shares sharply higher on Monday. | Video

UPDATE 2-Norway holds rates unchanged, says outlook more uncertain

15 Aug 2019

OSLO, Aug 15 Norway's central bank kept its main interest rate unchanged on Thursday, as expected, and said the policy outlook had become more uncertain amid rising global risks.

Hawkish Norway to press on with rate hikes after August pause: Reuters poll

12 Aug 2019

OSLO Norway's central bank is expected to keep interest rates on hold on Aug. 15 while signaling that a hike will likely follow later this year amid solid growth, above-target inflation and currency weakness, a Reuters poll of economists showed.

Norway mosque shooter may have killed family member first - police

10 Aug 2019

OSLO The man suspected of a shooting at a mosque in Norway may also have killed a relative before launching the attack, police said late on Saturday.

Hexagon CEO Rollen found not guilty of insider trading in appeals case

26 Jun 2019

OSLO The chief executive of Swedish industrial technology group Hexagon, Ola Rollen, was found not guilty of insider share trading, an Oslo appeals court said on Wednesday, upholding the verdict of a lower court.

Oil driller Dolphin to regroup after $1 billion bankruptcy

26 Jun 2019

OSLO Norwegian oil and gas rig operator Dolphin Drilling filed for bankruptcy on Wednesday, leading creditors to seize its key assets in a restructuring that will see the company maintain operations.

Better satellite images to help save rainforests, Norway says

26 Jun 2019

OSLO Norway is to commission high-resolution satellite images of the Amazon and other rainforests as part of its multi-billion dollar effort to detect tropical deforestation, tree by tree if necessary, and slow climate change, it said on Tuesday.

Tieto scoops up Evry in £1.2 billion deal to create Nordic digital consultancy

18 Jun 2019

OSLO/HELSINKI Finnish IT services firm Tieto is buying Norwegian peer Evry for 13.2 billion crowns (£1.2 billion) to create a Nordic digital consultancy offering software, cloud solutions, robotics and other services.

World News

EU rebuffs Johnson's opening Brexit bid

Prime Minister Boris Johnson's demand that the European Union reopen the Brexit divorce deal was rebuffed on Tuesday by the bloc, which said Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border.