24 stories found
Google plans to invest $15 billion in Finland to build new data centers and secure nuclear power supplies for its AI operations. The massive infrastructure project marks one of the largest foreign investments in the Nordic country's tech sector.
Several Finnish companies, including Fortum and Smartly, were victims of a supply chain cyberattack in March, though confidential data was reportedly not compromised.
Fortum Oyj reported non-GAAP EPS of €0.08 and revenue of €1.12B, updating its FY2026 outlook, while Boliden AB posted GAAP EPS of SEK 7.81 and revenue of SEK 25.73B, reaffirming its FY2026 outlook.
The European Union has approved a new combination therapy of pembrolizumab and enfortumab vedotin-ejfv for adult patients with surgically resectable bladder cancer, which has shown to reduce the risk of death by 50%.
Fortum has announced a bid to acquire Elmera, the owner of Fjordkraft, leading to a rise in Elmera's stock on the Oslo Stock Exchange. This acquisition bid has caused an upturn in the market for the company.
Mika Anttonen of ST1 stated that the Paris Climate Agreement has led to an 'ideological deadlock,' while also announcing a 9 million euro donation from ST1, ABB, Fortum, and Walter Ahlström Foundation to Aalto University for four new professorships.
Several deaths have occurred at Imatrankoski, leading the city to consider implementing new safety arrangements. Fortum confirmed that the personal injuries took place at the old Koskisilta bridge in Imatra.
The Finnish municipality of Kurikka, a major shareholder in Fortum and Neste, is seeing its substantial wealth further inflated by annual dividends, partly due to the ongoing war's impact on energy markets. Despite this, the city still faces its biggest challenge.
Finnish energy giant Fortum faces internal and public questioning regarding its leadership's decision-making during the Uniper transaction, which resulted in significant unexpected financial losses.
A five-part podcast by Helsingin Sanomat, 'Menetetyt miljardit,' explores Fortum's financial losses, which are described as the largest corporate loss in Finnish history.
Finnish energy company Fortum saw an improved profit in the early part of the year, but largely failed to capitalize on the spring's electricity price spikes due to hedging strategies.
An analysis explores why Fortum Oyj's exposure to battery recycling remains supported by its diversified utility balance sheet. The article delves into the company's financial structure and its approach to sustainable energy solutions.
Fortum has made a takeover offer for Elmerasta, an electricity retailer. This move indicates potential consolidation in the energy retail market.
The Administrative Court in Finland has upheld the regional administrative agency's earlier decision, ruling that Fortum does not have the right to short-term regulation at its Tainionkoski power plant in Imatra.
Energy company Fortum has reported strong results and anticipates a significant increase in electricity demand across the Nordic countries. CEO Markus Rauramo believes demand could multiply in the region.
The value of Finnish state company ownership has reached 38 billion euros, significantly boosted by the performance of companies like Fortum and Neste.
Energy company Fortum has applied for government backing to build a large-scale nuclear facility, joining four other projects vying for state assistance in Sweden's expanding nuclear sector.
A significant advancement in the treatment of muscle-invasive bladder cancer (MIBC) has been published in the New England Journal of Medicine, highlighting the superior efficacy of enfortumab vedotin and pembrolizumab combination therapy over chemotherapy.
Finnish energy giant Fortum reported a slight decrease in its comparable operating profit during the April-June quarter, falling to 106 million euros due to lower electricity prices.
The primary threat to Fortum's acquisition bid for Elmera is reportedly not a potential Spanish counter-offer, but rather an entity based in Bergen. Details about the nature of this threat remain undisclosed.
Fortum announced the permanent closure and dismantling of its coal-fired power plant in Meri-Pori, Finland, with production ceasing by early March next year.
Fortum's Irish company has over six billion euros. We asked why.
Energy companies Fortum and Vattenfall reported improved earnings, with Fortum's early-year results benefiting from increased electricity prices. Vattenfall's profits reportedly doubled due to the same factor.
Director Chloë Zhao became a double Oscar winner with the film 'Nomadland'. Perhaps she can repeat her success with this truly formidable film, where Jessie Buckley looks like the strongest Oscar contender.