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BLOOMBERG Countdown July 27, 2016

Countdown. I am anna edwards. Manus breaking news, let us take it off with statoil, the Norwegian Energy giant. The market was looking for profit of 294 million. That is considerably less, the understatement at the start of the reporting day. Adjusted earnings at 913 million, that was after 1. 3 billion Capital Expenditures cut, adjusted net loss at 28 million. The estimate was for a net of 294 million. They are holding on to their output guidance. However, they have cut down to 12 billion, the first of a feast, as it were, a breaking news. We will have the ceo, eldar saetre. Anna let us get on to another corporate breaking numbers, that is santander. The bank of course based in spain, but operates globally, they have given us a net profit in lineillion euros, with the estimate of 2. 8 5 billion euros. They say they have a goal of raising
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