European stocks rose on Friday after Federal Reserve Chair Jerome Powell showed no signs the U.S. central bank will reduce a massive stimulus program, while real estate stocks were led higher by Norway's Entra after a major peer took a stake in the firm.
European stocks rose on Friday after Federal Reserve Chair Jerome Powell showed no signs the U.S. central bank will reduce a massive stimulus program, while real estate stocks were led higher by Norway's Entra after a major peer took a stake in the firm.
Investors hoping for a tasty bidding war over Oslo-listed fish farmer Norway Royal Salmon have been left empty-handed. Bigger rival SalMar said last week it intended to snap up NRS for 270 Norwegian crowns a share, valuing the company at $1.3 billion. The stock leapt as high as 277 crowns, suggesting potential for an even higher counterbid . But shareholders who bought at the peak are nursing a 13% loss after a majority of investors plumped instead for rival NTS’s 240 crown bid.