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Oslo shares AFX at a glance outlook


Published :
Mon, 02 Apr 2007 08:02
By : Agencies
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OSLO (AFX) - Shares are expected to open higher this morning, after a bullish start to trade in Asia and on oil prices which were steady near seven-month highs, dealers said.

The OSEBX Benchmark index closed 0.77 points lower at 461.30 and the OSEAX All Share index fell 1.29 points to 521.20.

Total turnover amounted to 14.89 bln nkr.

FORTHCOMING EVENTS

Tuesday

-Wilhelm Wilhelmsen Capital Markets Day

COMPANY NEWS

-Fast Search & Transfer said it is to acquire the assets of the RetrivalWare Business Unit from US-based Convera Corporation, for 23 mln usd in cash.

-Fast Search & Transfer said it had won a string of search platform deals, worth an undisclosed amount, with firms including Australia's RailCorp, Germany's Dresdner Kleinwort, and US-based Convera Corporation.

-Seadrill takeover target Eastern Drilling said its chief financial officer Oystein Kvase has decided to resign, although he will continue to work during his six month notice period.

-Fred Olsen Energy has confirmed that the Scottish oil worker recently kidnapped in Nigeria was working on its Bulford Dolphin rig.

PRESS REPORTS

-Aker Kvaerner is planning to build a production facility for the cooling of natural gas in Russia, and also build production equipment for oil and gas extraction (Dagens Naeringsliv)

-Norwegian authorities have turned down a demand for compensation from the Russian mining company Trust Arktikugol, which operates on the Spitsbergen archipelago, after Norway turned major land areas on the island into natural parks.

alastair.reed@thomson.com

ar/lam

COPYRIGHT

Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited




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