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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Norway court rejects environmental injunction against oil and gas fields

UPDATE 2-Norway court rejects environmental injunction against oil and gas fields Adds court ruling in paragraphs 7-8, background in paragraphs 2, 6, 9-10 OSLO, Oct 14 (Reuters) - A Norwegian appeals court said on Monday it had ruled in favour of the government in a case brought by environmental activists who sought to halt the development of three oil and gas fields.
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Norway appeals court rejects environmental injunction against three oil and gas fields

Norway appeals court rejects environmental injunction against three oil and gas fields OSLO, Oct 14 (Reuters) - A Norwegian appeals court said on Monday it had ruled in favour of the government in a case brought by environmental activists seeking a temporary injunction against the development of three oil and gas fields. Reporting by Terje Solsvik,
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MS ups Equinor as stronger gas prices provide support

BUZZ-MS ups Equinor as stronger gas prices provide support ** Morgan Stanley raises Equinor EQNR.OL to "equal-weight" from "underweight", saying resilience in European gas prices heading into the winter season should provide near-term support to the company's shares ** The broker notes that stronger-than-expected gas prices provide a tailwind for t
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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Norway's Equinor remains committed to Tanzania LNG project

UPDATE 1-Norway's Equinor remains committed to Tanzania LNG project Adds background and quote, paragraphs 2-5 CAPE TOWN, Oct 8 (Reuters) - Norway's Equinor EQNR.OL remains committed to a $42 billion liquefied natural gas (LNG) project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year, a senior company executive said on Tuesday.
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Norway's Equinor remains committed to Tanzanian LNG project

Norway's Equinor remains committed to Tanzanian LNG project CAPE TOWN, Oct 8 (Reuters) - Norway's Equinor EQNR.OL remains committed to a $42 billion liquefied natural gas (LNG) project in Tanzania that has stalled after proposed government changes to a financial agreement reached previously, a senior company executive said on Tuesday. Reporting by
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Avanza Bank, Equinor, FD Technologies

EUROPE RESEARCH ROUNDUP-Avanza Bank, Equinor, FD Technologies Oct 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Avanza Bank , Equinor and FD Technologies, on Tuesday. HIGHLIGHTS * Avanza Bank AVANZ.ST : JP Morgan raises target price to SEK 191 from SEK 190 * Equinor EQNR.OL : HSBC cuts target price to NOK 290 from NOK 302 * FD Technologies Plc FDPF.L : Peel Hunt raises target price to 1,819p from 1,361p * HSBC Holdings Plc HSBA.
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Oct 8 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8205.4 55.4 NZX 50** 12596.87 -23.0700 DJIA** 42085.08 -267.67 NIKKEI** 39332.74 697.12 Nasdaq** 18052.28 -85.569 FTSE** 8303.62 22.99 S&P 500** 5724.26 -26.81 Hang Seng** 23099.78 362.91 SPI 200 Fut 8259 22 STI** 3599.19 10.06 SSEC** 3336.4974 248.9688 KOSPI** 2610.38 40.67 ---------------------------------------------------------------------------------------- Bonds Net Chng
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Oct 8 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8205.4 55.4 NZX 50** 12596.87 -23.0700 DJIA 42085.08 -267.67 NIKKEI** 39332.74 697.12 Nasdaq 18052.28 -85.569 FTSE** 8303.62 22.99 S&P 500 5724.26 -26.81 Hang Seng** 23099.78 362.91 SPI 200 Fut 8259 22 STI** 3599.19 10.06 SSEC** 3336.4974 248.9688 KOSPI** 2610.38 40.67 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10 YR Bond 0.92
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North Sea Crude-Johan Sverdrup trades lower

North Sea Crude-Johan Sverdrup trades lower LONDON, Oct 7 (Reuters) - North Sea Johan Sverdrup crude differentials edged lower on Monday, while Forties and Ekofisk differentials held steady as cargoes were on offer above recent bid levels. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
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Equinor’s Orsted bet is cheap route to green goals

BREAKINGVIEWS-Equinor’s Orsted bet is cheap route to green goals The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Oct 7 (Reuters Breakingviews) - The battered offshore wind industry is getting a fillip of sorts. On the same day as it emerged BP BP.L may water down pledges to cut oil output, Equinor EQNR.OL revealed a 9.8% stake in Denmark’s $26 billion Orsted ORSTED.CO , the world’s largest offshore wind developer.
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Equinor CEO maintains dividend, net debt targets after Orsted stake purchase

Equinor CEO maintains dividend, net debt targets after Orsted stake purchase OSLO, Oct 7 (Reuters) - Equinor EQNR.OL maintains its guidance for net debt, dividend and other financial metrics following the acquisition of a 9.8% stake in Orsted ORSTED.CO , CEO Anders Opedal told Reuters on Monday. Reporting by Nora Buli, editing by Terje Solsvik
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Oersted shares rise after Equinor takes 9.8% stake

BUZZ-Oersted shares rise after Equinor takes 9.8% stake ** Shares in Oersted ORSTED.CO rise as much as 8% after Equinor EQNR.OL said it has bought a 9.8% stake in the Danish renewable energy group ** Equinor plans to raise this to 10%, making it the second largest shareholder after the Danish state, but does not plan to go beyond 10%, the Norwegian
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Equinor buys 9.8% stake in offshore wind developer Orsted

UPDATE 6-Equinor buys 9.8% stake in offshore wind developer Orsted Equinor acquires 9.8% stake in Orsted for $2.5 billion Equinor says making long-term bet on the offshore wind sector Orsted shares rise, Equinor's drop Adds Equinor CEO comments in paragraphs 4-6 By Nora Buli and Jacob Gronholt-Pedersen OSLO/COPENHAGEN, Oct 7 (Reuters) - Norway's Equinor EQNR.OL has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted ORSTED.CO , it said on Monday, as it
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Equinor Acquires A 9.8% Minority Stake In Ørsted

BRIEF-Equinor Acquires A 9.8% Minority Stake In Ørsted Oct 7 (Reuters) - Equinor ASA EQNR.OL : EQUINOR ACQUIRES A 9.8% MINORITY STAKE IN ØRSTED INTENDS TO INCREASE ØRSTED STAKE TO 10% PENDING APPROVALS ØRSTED HOLDING VALUED AT AROUND $2.5 BILLION BECOMES SECOND LARGEST SHAREHOLDER IN ØRSTED TRANSACTION WILL BE EXECUTED WITHIN EQUINOR'S COMMUNICATED FINANCIAL FRAMEWORK.
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Equinor Reports On Norwegian Development Projects

BRIEF-Equinor Reports On Norwegian Development Projects Oct 7 (Reuters) - Equinor ASA EQNR.OL : REPORTS ON NORWEGIAN DEVELOPMENT PROJECTS PROJECTS IN QUESTION HAVE A TOTAL INVESTMENT FRAMEWORK OF 198 BILLION KRONER IS OPERATOR OF 19 PROJECTS CURRENTLY UNDER DEVELOPMENT IN NORWAY REPORTED PROJECTS HAVE SEEN A COST INCREASE OF 6.5 BILLION 2024-NOK OV
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Equinor buys 9.8% stake in Orsted

Equinor buys 9.8% stake in Orsted OSLO, Oct 7 (Reuters) - Norway's Equinor EQNR.OL said on Monday it has bought a 9.8% stake in Danish renewable energy group Orsted ORSTED.CO . Reporting by Terje Solsvik, editing by Essi Lehto
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European stocks eke out small gains, Orsted shines

UPDATE 2-European stocks eke out small gains, Orsted shines For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. ECB seen cutting rates again in Oct Luxury stocks rise on China optimism German economy to contract in 2024, econ ministry says STOXX closes up 0.1% Updated at 1615 GMT By Sruthi Shankar, Paolo Laudani and Johann M Cherian Oct 7 (Reuters) - European stocks eked out marginal gains on Monday, with Orsted topping the STOXX index as
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Equinor, Aker BP, Vaar face rising project costs, Norway budget shows

UPDATE 2-Equinor, Aker BP, Vaar face rising project costs, Norway budget shows Adds Equinor, Aker BP comments in paragraphs 4-5, By Nerijus Adomaitis OSLO, Oct 7 (Reuters) - Energy firms Equinor EQNR.OL , Aker BP AKRBP.OL and Vaar Energi VAR.OL have raised their crown-denominate cost estimates for major oil and gas development projects offshore Norway, the country's government said on Monday.
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