4 big analyst cuts: BofA double downgraded Playa Hotels & Resorts, shares plummet
Playa Hotels & Resorts double downgraded at BofA Playa Hotels & Resorts (NASDAQ:PLYA) shares plunged nearly 7% yesterday after BofA…
UBS to announce changes to next management level soon – CEO
(Reuters) – UBS (SIX:UBSG) will announce further changes to its management as it seeks to integrate Credit Suisse (SIX:CSGN) following the recent…
OPEC+ oil quota reform increases Gulf’s dominance
(Reuters) – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman earlier this month outlined one of the biggest reforms at…
PwC Australia asset sale unlikely to solve firm’s tarnished reputation
(Reuters) – PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its…
Fresenius Medical Care shares drop on U.S. dialysis payment adjustment
(Reuters) – Shares in kidney dialysis group Fresenius Medical Care (NYSE:FMS) fell as much as 5% on Tuesday after a…
Oil rises on supply worries, U.S. summer demand hopes
(Reuters) – Oil prices edged higher on Tuesday, spurred by worries about political instability in Russia and possible supply disruptions,…
Shares in yacht maker Ferretti bob higher on Milan market debut
(Reuters) – Shares in Italian yacht maker Ferretti rose more than 4% in an initial spike on their debut on…
Accor plans to add more than 1,200 hotels
(Reuters) – Accor plans to open more than 1,200 hotels in the next five years, increasing the number of its…
Lordstown Motors files bankruptcy, sues Foxconn
(Reuters) – Lordstown Motors (NASDAQ:RIDE) filed for bankruptcy protection on Tuesday and put itself up for sale after the U.S.…
Nissan shareholders back board at first AGM since striking alliance deal
(Reuters) – Nissan Motor (TYO:7201) shareholders on Tuesday backed Chief Executive Makoto Uchida and other board nominees at its first…