Tag: Aker Solutions
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Norway’s Aker Solutions stock dives to record low on revenue warning
Shares in Norway’s largest oil services firm Aker Solutions (AKSOL.OL) lost nearly a quarter of their value on Friday, hitting a record low after the company warned 2020 revenue was likely to fall by 14% year-on-year. Suppliers to the oil industry are struggling to recover from the market’s fall in 2014-2016 as competition is cut-throat…