Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Finnish utility Fortum's second-quarter profit lags forecast

Published by Global Banking and Finance Review

Posted on August 15, 2025

Featured image for article about Finance

HELSINKI (Reuters) -Finnish utility Fortum on Friday posted second quarter earnings below estimates and said its results were affected by lower electricity market prices and generation volumes compared to a year earlier.

"Power prices were under pressure both from abundant hydro reservoirs at the beginning of the quarter and from increased wind production," CEO Markus Rauramo said in a statement.

Fortum said its April-June comparable operating profit fell to 115 million euros ($134.21 million) from 233 million a year ago, missing a mean estimate of 133 million in a poll provided by the company.

"Uncertainty in the operating environment has remained strong due to ongoing geopolitical conflicts and U.S. tariff plans and may pose challenges to major industrial investments in the Nordics," Rauramo said.

($1 = 0.8569 euros)

(Reporting by Essi Lehto, editing by Terje Solsvik)

ECB policy 'in a good place' despite small inflation worries, policymakers say

Explainer-What challenges lie ahead for UK's plan to expand Heathrow Airport?

US to allow Nvidia H200 chip shipments to China, Trump says