Singapore markets open in 7 hours 59 minutes

Ørsted A/S (DOGEF)

Other OTC - Other OTC Delayed price. Currency in USD
Add to watchlist
59.18+0.68 (+1.16%)
As of 12:43PM EDT. Market open.
Full screen
Loading interactive chart…
  • Reuters

    Wind farm developer Orsted confident about strategy after Q1 profit rises

    Orsted, the world's biggest offshore wind farm developer, reported on Thursday a rise in first-quarter operating profit thanks to higher earnings from its offshore wind farms, and confirmed its full-year guidance. The offshore wind industry has been struggling with rising inflation, interest rate hikes and supply chain delays. Following a strategic review of its business, Orsted, which is 51%-owned by the Danish state, trimmed in February its investment and capacity targets, paused dividend payouts, and its finance and operations chiefs stepped down.

  • Reuters SG

    Deals of the day-Mergers and acquisitions

    ** U.S. President Joe Biden plans to express concern over Nippon Steel's proposed $14.9 billion purchase of U.S. Steel X.N, a person familiar with the matter told Reuters, pushing the U.S. company's stock 12% lower on bets the deal could face greater political opposition. ** A deal the South African government has been negotiating for three years to sell a majority stake in South African Airways (SAA) has fallen apart, the minister overseeing the company said on Wednesday. ** Kimmeridge Energy Management has submitted a new offer to acquire SilverBow Resources that values the U.S. oil and gas producer at close to $2.1 billion, including debt, the investment firm said on Wednesday.

  • Reuters

    Orsted must restore investor confidence, says new chair

    Denmark's Orsted must restore investor confidence, new chair Lene Skole said on Tuesday after a shareholder meeting elected her to oversee the offshore wind power giant's turnaround drive. She takes the role as the world's largest offshore wind farm developer looks to bounce back from a string of losses and project cancellations. Late last year, the company scrapped two U.S. offshore wind projects.