Edition:
United Kingdom

Terje Solsvik

UPDATE 2-Norway's wealth fund guardian Matsen to leave central bank

11 Dec 2019

* Supervises world's largest sovereign wealth fund (Recasts, adds quote, background)

Fewer flights help Norwegian Air improve profitability

05 Dec 2019

OSLO November traffic figures show Norwegian Air's drive to slash flights is helping to improve profitability, sending the debt-laden airline's shares up 6% in early Thursday trading.

Norwegian Air to end routes from Sweden, Denmark to U.S., Thailand

27 Nov 2019

OSLO Budget airline Norwegian Air is ending flights from Copenhagen and Stockholm to the United States and Thailand due to weak demand and technical problems affecting the engines on its Boeing 787 Dreamliners, it said on Wednesday.

Seadrill chairman steps down, company in talks over debt

21 Nov 2019

OSLO Seadrill Chairman John Fredriksen, the oil rig firm's top shareholder, is stepping down with immediate effect, the company said on Thursday, as it holds discussions with lenders about restructuring its massive debts.

Norwegian Air appoints industry outsider as new CEO to lead restructuring

20 Nov 2019

OSLO Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.

Norway fund shuns G4S over human rights violation risks

15 Nov 2019

OSLO Norway's $1.1 trillion (£859.6 billion) wealth fund can no longer invest in G4S because of the "unacceptable risk" that the security services company contributes to, or is responsible for human rights violations, the central bank said on Thursday.

Offshore services firm Subsea 7 eyes 2020 rebound, shares jump

07 Nov 2019

OSLO Offshore services provider Subsea 7 cut its 2019 revenue outlook on Thursday but predicted a rebound next year as demand for oilfield services and from renewable energy providers is set to increase, boosting its shares almost 6%.

Norwegian Air gets lifeline to prove it can make money

06 Nov 2019

OSLO Norwegian Air's third fundraising from investors in 20 months could be the airline's final chance to prove it can make money from cheap transatlantic air travel, one of its major shareholders said on Wednesday.

Struggling Norwegian Air raises $272 million from share sale, bond issue

05 Nov 2019

OSLO Norwegian Air on Tuesday raised 2.5 billion crowns ($272.31 million) to meet the struggling airline's cash needs through 2020 with its third share sale in two years and a bond issue.

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