Scatec Plummets After Profit Warning ↗
Front page leadScatec has issued a profit warning, causing its stock to fall significantly. The company has cut its earnings forecast by 300 million kroner.
Norway
The E24 news front page highlights a mix of Norwegian business news, including company performance, market trends, and domestic industry issues. Key stories focus on Scatec's earnings warning, Komplett's stock drop, and oil sector performance. There is also news on a dispute between hotel chains…
Scatec has issued a profit warning, causing its stock to fall significantly. The company has cut its earnings forecast by 300 million kroner.
The Komplett share price is plummeting on the Oslo Stock Exchange following the release of its financial figures, with analysts attributing the decline partly to expensive memory chips.
Oil stocks are hitting new record highs, driven by an increase in oil prices, with companies like Equinor showing strong performance.
Yara is anticipating a strong financial quarter, even with concerns about gas prices impacting operations.
Hotel chains are withdrawing from Visit Tromsø and threatening to leave Destination Lofoten due to tourist taxes, drawing criticism from the Minister of Trade and Industry.
Prominent financial figures like Ken Griffin believe the market is likely in an AI bubble, while others, including the CEOs of Deutsche Bank and BlackRock, dismiss these concerns.
DNB earned 2.76 billion kroner from customer deposits in the third quarter, while interest income from personal loans decreased.
Investment managers are discussing the potential implications of a merger between Tesla and SpaceX.
An originally unknown business has reached a turnover of half a billion kroner, attracting customers through word-of-mouth and word-of-phone fixes.