Business


Associated British Foods Plc (ASBFY) Valuation According To Analysts

In a research report revealed to investors and clients on Friday, 19 May, Safestore Holdings (LON:SAFE) stock had its Buy Rating reconfirmed by analysts at Numis Securities. They set a "hold" rating and a GBX 440 ($5.68) target price on the stock. Peel Hunt maintained Eurocell PLC (LON:ECEL) rating on Tuesday, October 18.



Kuwait next to back oil production cap extension

Initially, it had been planned that the deal to cut nearly 1.8 million barrels per day in production and agreed on December 10, will be effective in the first half of this year with possibility of rollover toll the end of 2017. On Monday, oil prices rose for a fourth straight session, with both US oil and Brent crude surging over six percent in the past four sessions, as Saudi Arabia and Russian Federation said crude supply cut deal needed to be extended into 2018.



Kuwait Joins Saudis, Russia to Seek Oil-Cuts Extension Into 2018

The OPEC agreement was supported by 11 non-OPEC states, which joined the deal by promising to jointly reduce oil output by 558,000 barrels per day. Oil prices were little changed on Tuesday as the market awaited direction from weekly USA inventory data and as Kuwait joined top producers Saudi Arabia and Russian Federation in support of prolonging supply cuts through March 2018 to reduce a global crude glut."We expect a rangebound trade today with prices largely confining to yesterday's ...



Fanfare And Deals Dominate Trump's First Day In Saudi Arabia

Air Force One had barely taken off when it was announced that James Comey, the former Federal Bureau of Investigation chief fired by Trump, had agreed to testify publicly about Russian interference in the USA elections. Building on a munitions deal begun during the Obama administration, the weapons package was officially finalized in a signing ceremony just hours after Air Force One touched down in Riyadh - where the president was greeted with a thundering display of flying jets, blasting ...