An overwhelming majority in the Greek parliament voted on Thursday for the agreement which forms the basis for a new loan program for Greece. The resolution sends European stock markets higher on Thursday morning.
Dax index rising 1.15 percent, while the CAC40 climbs 0.79 percent.
The main index on the Oslo Stock Exchange is up 0.32 percent to 648 , 48 points approximately 45 minutes UTI trading day, the turnover of securities has rounded 500 million dollars.
August contract for a barrel of North Sea oil was traded for $ 57.31 a barrel when trading began on the Oslo Stock Exchange. This corresponds to an increase of 0.33 percent intraday. When the Oslo Stock Exchange closed Wednesday, the price was $ 57.66 a barrel.
Statoil is up 0.50 percent to 141.60 kroner. The commissioning of Statoil’s Åsgard project is delayed until late summer. The plan was that the plant should be fully operational in the first half. The oil company has also been joined by a recent upgrade from Citi, where brokerage giant recommends purchases and believes the company can justify a share price of 160 kroner.
Profit Rush
A number of companies have presented quarterly figures Thursday morning.
CEO Sven Ombudstvedt Norwegian Forest report lower margins in a challenging market.
Norwegian Forest lost NOK 571 million after tax in Q2 2015 against a loss of 148 million after tax for the same period one year ago. Meanwhile, net debt increased by 0.4 billion from the end of the first quarter of 2015 to 7.5 billion at the end of Q2. This is because according to the company seasonally high interest expenses and any unfavorable currency effects.
stock plunging once again on quarterly and is down 19.48 percent to 3.10 million. At most, the stock has been down 24.2 percent to 2.92 million.
REC Silicon announced its figures after the stock market Wednesday and rising 2.31 percent to 1.63 million. REC Silicon chief Tore Torvund leave in connection with the presentation of the quarterly report yesterday did not hide the fact that the company is suffering under the trade war between the US and China. The company provides weaker than expected across the board, and brought in additional 356.5 million dollars in a heavily oversubscribed private placement, where Jens Ulltveit Moe UMOE took 60 million shares.
Kvaerner reported a profit after tax of NOK 36 million in Q2 2015, down from 96 million in the same quarter last year. Earnings per share for continuing operations totaled 23 cents, which was halved from 46 cents in the same quarter last year. Stock drops 0.83 percent to 4.77 million.
Kjos snogging with higher numbers than analysts had imagined over the line and delivered substantially better than the same krosvei year. The market sends English equities up 1.19 percent to 349.10 kroner. Profit after tax of NOK 325 million in Q2 2015 against 128.3 million the same period a year ago. English looks good booking winter program. For long distance it also looks good going into 2016, says Kjos according to TDN Finans on the presentation.
Akastors earnings plunged nearly 40 percent compared with 2. quarter a year ago. Bottom line was a scarlet loss of NOK 298 million for Q2 2015. Nevertheless not as bad as last year’s Q2 where they lost 755 million. Marketplace responds by sending the stock up 1.82 percent to 13.95 dollars.
Akastor also reports that the Kristian Røkke will take over as CEO after Frank Reite , progressing to the Aker as CFO.
Aker Philadelphia Shipyard presented both quarterly and new name: Philly Shipyard. The company posted a profit after tax of $ 1.9 million for Q2 2015 against $ 1.5 million the same period last year. Quarterly dividend was set at $ 0.25 per share. AKPS shares fall 0.63 percent to 158 kroner.
ABG Sundal Collier report increased profitability. Operating margin was 29 percent in Q2 2015 compared to 23 percent at the same crossroads last year. Profit after tax of NOK 78 million in Q2 2014, up from 52 million in the same quarter a year ago. The stock is up 1.42 percent to 7.15 million
Havfisk rising 1.19 percent to 25.60 dollars on the message that capture revenue per operating day which is 47 percent higher in second quarter 2015 compared to the same period in 2014. Net income in Q2 2015 ended at NOK 29 million, up from -3 million in the same quarter last year.
John Fredriksen farming company Marine Harvest has made an update on the harvest to market.
Livestock Company rising 0.73 percent to 96.75 dollars, also states that the operational EBIT was around 700 million in the quarter, compared with 1.220 million in Q2 last year.
Subsea 7 report that they have signed a global alliance with Houston-based company KBR and its subsidiary Gran Herne. The cooperation will take place on project-by-project basis. Stock drops 0.21 percent to 72.85 dollars.
Late Wednesday night announced Transocean that they have signed a contract valued at nine million US dollars, and the two jack-up rigs laid up. Midwater rig “Sedco 704″ has been extended contract for 40 days in the UK North Sea. The day rate for the extension is $ 219,000, compared to $ 376,000 for the moment. Seadrill excels as the one of the most traded stocks which fall heaviest on the exchange, except Norwegian Forest and is down 2.78 percent to 78.55 dollars.
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