Business


Oil up on falling U.S. inventories, Saudi cuts to Asia

US bank Goldman Sachs said that USA shale drillers "fundamentally changed" the oil industry due to their ability to ramp up output much faster than conventional producers. Oil was also buoyed by a Reuters report on Wednesday that Saudi Arabia would cut crude supplies to Asia. OPEC leaders to meet in Vienna on 25th May to discuss the possible extension of the November deal .


Outa and DA to challenge Brian Molefe's return to Eskom

Outa and DA to challenge Brian Molefe's return to Eskom

The former Eskom CEO is returning to his post on Monday, according to board spokesman Khulani Qoma , who confirmed Molefe's return in an interview on radio 702 on Friday. "The previous chief executive had spoken about blackouts", Ngubane was quoted saying. Brown said the payout could not be seen as a performance reward, as Molefe had already received a bonus for his role in turning Eskom around.



Halfords Group PLC reiterated as Sell By Peel Hunt

Robeco Institutional Asset Mgmt Bv holds 15,958 shares. (NYSE:AYI). Farmers & Merchants Invs Inc holds 5 shares. Amer Int Grp Inc Inc Inc owns 0.01% invested in AVX Corporation (NYSE:AVX) for 109,715 shares. Therefore 0 are positive. Enquest Plc has a 52-week low of GBX 22.00 and a 52-week high of GBX 56.00. SIG PLC had 123 analyst reports since July 24, 2015 according to SRatingsIntel.



Sysco Corporation Posted gains of 1.3% in the Last Trade

Analysts are forecasting earnings of $0.51 on a per share basis this quarter. SYSCO had a net margin of 1.94% and a return on equity of 40.85%. The business had revenue of $13.52 billion during the quarter, compared to analyst estimates of $13.14 billion.



Watching the Numbers on Shares of Platform Specialty Products Corp (PAH)

Active investors might be watching some signal indicators on shares of Platform Specialty Products Corp (PAH). Credit Suisse Group AG lifted their price target on Platform Specialty Products Corp from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, March 3rd.



Snapchat shares slide as growth slows

It was the most valuable U.S. tech IPO since Facebook first floated its stock in 2012. The loss for the California firm known for its disappearing messages reflects some US$2 billion in stock compensation awarded at the time of the company's initial public offering.