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22.07.25 - 13:06
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UK Borrows Billions More Than Expected, Bessent Calls for Fed Review | The Pulse 7/22 (Bloomberg)
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UK government borrowing came in more than forecast in June, a setback for Chancellor of the Exchequer Rachel Reeves that will fan speculation over potential tax hikes to shore up the public finances.
A surge in debt-interest payments sent the budget deficit to £20.7 billion ($27.9 billion), the Office for National Statistics said on Tuesday, £6.6 billion more than a year earlier and well above the £17.5 billion economists surveyed by Bloomberg expected.
Elsewhere, Treasury Secretary Scott Bessent said in a social media post Monday that there should be a review of the decision to renovate parts of the Federal Reserve headquarters in Washington.
Today's guests, Marina Zavolock, Morgan Stanley Chief European Equity Strategist, Jasmine Groschl, Allianz Senior Economist, Eivind Kallevik, Norsk Hydro CEO. (Source: Bloomberg)...
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22.07.25 - 07:03
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Norsk Hydro: Performance and capital discipline, supporting strong results (GlobeNewswire EN)
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Hydro's adjusted EBITDA for the second quarter of 2025 was NOK 7,790 million, up from NOK 5,839 million in the same quarter last year. The results increased from higher aluminium and energy prices, and realization of previously eliminated internal profits. This was partly offset by negative currency effects and higher raw material costs, mainly driven by higher alumina cost. Hydro generated NOK 5 billion in free cash flow, while the twelve month adjusted RoaCE ended at 12 percent. ...
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27.06.25 - 17:12
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Norsk Hydro ASA: Registration of share capital reduction (GlobeNewswire EN)
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Reference is made to the stock exchange notice by Norsk Hydro ASA ("Hydro") on May 9, 2025, regarding inter alia, the resolution by the annual general meeting to reduce Hydro's share capital by NOK 33,518,494.476 by cancellation of 20,067,969 own shares, and by redemption and cancellation of 10,458,893 shares held by the Norwegian state....
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