The main Oslo Stock Exchange index fell 0.6% on Wednesday.
A barrel of burnt North Sea oil trades for $ 94 on Wednesday. By comparison, crude oil was trading at $ 97 a barrel at close of trading on Tuesday.
The market is now eagerly awaiting new inflation data from both the US and Norway, which will be released on Thursday.
Flyr accepts the crisis plan
Flyr was due to announce on Tuesday afternoon that it had failed to raise NOK 430 million, but before the stock exchange opened on Wednesday, the company announced that it had approved the alternative proposal put forward by a group of investors. The proposal means that the company will raise up to NOK 700 million across four transactions.
An hour before the stock market ended on Wednesday, the company was able to announce it it succeeded in the first part of raising capital. NOK 250 million was to be raised through a direct issue, which is a capital raising aimed at a selection of larger investors.
The share rose to 80% early Wednesday, but dropped sharply and ended with an increase of around 3%. The share was last traded for just over eight øre.
The issue’s subscription price is set at one cent, which means the stock is still trading at artificially high levels. Nordea’s investment director Robert Næss recommends that all current Flyr shareholders sell the company.
Dividend of 880 million
In the morning hours, the results came from the salmon giant Mowi. For the second consecutive quarter, the company can record excellent results.
In the third quarter, total revenues jumped to 1.25 billion euros. This corresponds to around NOK 12.9 billion at today’s exchange rate. The board of the company has decided to pay a dividend of approximately NOK 879 million. The share fell by around 0.5 percent.
Construction company Veidekke also presented its report for the third quarter. The report shows that the company recorded sales of NOK 9.6 billion in the third quarter, an increase from the NOK 9.2 billion they had in the same period last year.
The pre-tax result ended at NOK 545 million, compared to NOK 530 million in the same period last year. The share rose by 1.1%.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via links, which lead directly to our pages. Copying or other forms of use of all or part of the content may only take place with prior written permission or as permitted by law. For additional terms look at her.