Nedgang på Oslo Børs

Oslo Børs' main index dropped 0.4% as soon as the market opened on Tuesday. Oil prices had fallen around two dollars since the stock exchange closed on Monday. A barrel of North Sea oil was trading at around 107.6 dollars, a 1.4% increase since midnight. Several of the most traded stocks, including Borr Drilling's 51% stake in Mexico's joint venture Perfomex, were sold to its local partner.

The partner will take over the operation of three rigs previously used by Pemex, while Borr Drilling retains ownership and leases the rigs. The company expects its economy to remain relatively unchanged. The price is based on the book value at the end of July. The sale is expected to be completed in September if all conditions are met.

Two financial operators, Nordnet and ABG Sundal Collier (ABGSC), have formed a strategic partnership to create a leading service for private individuals. Nordnet aims to rapidly grow its segment of financial advisors and administrators. We have found the perfect partner in ABGSC to develop the next generation of Private Banking offerings, says Nordnet's CEO Rasmus Järborg.

Nordnet is a specialist in small savers, while ABGSC is a more traditional investment bank. The new company will be equally owned by both, with joint representation on the board, plus an independent director. The chairman will be Jonas Ström, former managing director of ABGSC. Bioteknologiselskapet Circio raised around 200 million kroner in a rights issue, with about 16.8 million new shares sold at 11.80 kroner each, 11% below the average volume-based price the previous day.

The money will primarily be used for a cell therapy program that works inside the body, as well as technology to deliver the treatment to the cells.