United Kingdom

Victoria Klesty

Trafigura takes stake in Frontline in $675 million tanker deal

12:44pm BST

OSLO Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million (£553 million) which will make the Geneva-based trading firm the group's second biggest shareholder.

Norway mulls alternatives to sluggish Europe for $1 trillion fund

21 Aug 2019

OSLO Norway's $1-trillion-plus (£824 billion) sovereign wealth fund, the world's largest, may seek to shift the balance of its investments between Europe, the Americas and Asia, a senior official said on Wednesday.

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.

Norway mosque shooting suspect appears in court with wounded face

12 Aug 2019

OSLO The man suspected of shooting at people inside a Norwegian mosque on Saturday, and of killing his Chinese-born stepsister, appeared in court on Monday with black eyes and wounds on his face and neck.

UPDATE 1-Norway's Aker Energy IPO may be in late 2019 or 2020 -Aker CEO

18 Jul 2019

OSLO, July 18 Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana approves the development plan of its Pecan oilfield, the CEO said.

Aker Solutions beats forecasts despite pricing pressure

17 Jul 2019

OSLO Aker Solutions beat second-quarter earnings on Wednesday citing demand from the offshore oil sector despite price pressure from ongoing high capacity.

Norway's Telenor warns on second quarter profit after error at Grameenphone

15 Jul 2019

OSLO Norwegian telecoms group Telenor said its second-quarter earnings would take a hit from "errors" discovered at Grameenphone , its Bangladeshi telecoms division.

Norwegian Air CEO and co-founder Kjos announces his own departure

11 Jul 2019

OSLO Norwegian Air's Bjoern Kjos stepped down on Thursday as chief executive of the airline he co-founded and turned into Europe's third-biggest budget carrier by passenger numbers over more than 25 years. | Video

Norwegian Air's Kjos, the fighter pilot turned airline entrepreneur

11 Jul 2019

OSLO Former fighter pilot Bjoern Kjos stepped down on Thursday as chief executive of Norwegian Air after having helped to transform transatlantic travel.

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