FINWIRES · TerminalLIVE
FINWIRES

Update: Equinor's Danske Commodities Cuts 28 Jobs to Further Commercial Strategy

-- (Updates to rewrite throughout with the company's response.)

Equinor's (EQNR) Danske Commodities said Wednesday that it eliminated about 28 positions in March, as the company aims to further its new commercial strategy.

As part of its organizational adjustments, some positions have been discontinued, while new positions are being established, according to a statement from Jonas Skovbjerg Hansen, vice president of people & culture, sent to.

"Change is never easy, but we believe these adjustments are necessary to ensure that Danske Commodities delivers on our ambition to be at forefront of tech trading and asset management," Hansen said.

Price: $37.31, Change: $-0.69, Percent Change: -1.82%

Related Articles

Australia

Jefferies Raises Quest Diagnostics Price Target to $225 From $220

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $219, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $204.33, Change: $+8.02, Percent Change: +4.09%

$DGX
Australia

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

$HAL