International Courant
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The principle index on the Oslo Inventory Change rose 0.9 p.c from the beginning of the final buying and selling day of the week.
The oil worth regularly rose all through the evening and was buying and selling at greater than $88 per barrel on Friday morning, greater than 1.1 p.c greater than the day earlier than.
Elsewhere in Asia, the most important indices rose general. The Hong Kong index Cling Seng leads the way in which with a rise of greater than 2.3 p.c. Japan’s Nikkei 225 and China’s Shanghai Composite each rise above one p.c.
Loss for sports activities chain big
On Friday morning, crisis-hit XXL offered its third quarter outcomes. The figures confirmed one other quarter with a lack of thousands and thousands for the sports activities chain, which ended with a lack of NOK 189 million. Gross sales ended at slightly below two billion kroner, barely beneath analyst estimates of two.1 billion.
– We aren’t glad with the outcome for the third quarter, mentioned XXL supervisor Freddy Sobin within the quarterly report.
The article continues beneath the commercialTo date in 2023, XXL has misplaced NOK 783 million.
The third-quarter outcomes weren’t properly acquired by traders who instantly despatched the inventory, which has fallen greater than 80 p.c up to now this yr, down.
The inventory instantly fell a strong 11 p.c earlier than recovering considerably. On the time of writing, the share is down 2.2 p.c.
Sturdy outcomes for the oil corporations
In any other case, Norway’s two largest oil corporations, Equinor and Aker BP, reported third-quarter outcomes.
Kjell Inge Røkke’s Aker BP might present working revenue of $2.6 billion, or 29 billion kroner for the third quarter. The outcome exceeded the common expectations of analysts, who had beforehand anticipated a results of 2.4 billion {dollars}.
Nonetheless, oil manufacturing ended properly beneath the file of 480,000 barrels the earlier quarter, with manufacturing reaching 450,000 barrels. The share rose 1.3 p.c.
Excessive oil and gasoline costs additionally earned Equinor billions in income within the third quarter. Adjusted working revenue got here in at $8.02 billion, properly above estimates of $7.59 billion.
The article continues beneath the commercialRegardless of a strong outcome, it’s a far cry from the stellar file outcomes the corporate posted a yr in the past. In the identical interval final yr, Equinor posted an working revenue of $24.3 billion.
The corporate additionally introduced that this yr’s estimated whole manufacturing has been revised downwards. The brand new estimate is 1.5 p.c above final yr’s degree.
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The inventory rose 1.6 p.c on Friday morning.(Situations)Copyright Dagens Næringsliv AS and/or our suppliers. We wish you to share our instances through hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents could solely be made with written permission or as permitted by legislation. For additional circumstances see right here.
XXL hit by the disaster falls after publication of figures
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