Noble mulls more disclosure initiatives
Despite company's reassurance and share buyback, stock resumes fall in the face of an S&P outlook downgrade
Singapore
NOBLE Group said it is considering further disclosure initiatives as its shares suffered another blow on Friday despite the commodity trading group having made a share buyback.
The share rebound on Thursday proved short-lived as the counter buckled under the weight of news that Standard & Poors had revised its outlook on Noble from "stable" to "negative". The stock closed 2.8 per cent down at 68.5 Singapore cents on Friday, after trading between 65 and 70 cents.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly