The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The TimesOil prices fell below $48 a barrel to a five-and-a-half-year low after Goldman Sachs Group Inc cut its forecasts for this year, wiping billions of pounds off the value of London-listed oil companies. (thetim.es/1FNe5bm)
The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 1.22% or $-2.28/share to $185.07. In the past year, the shares have traded as low as $151.65 and as high as $198.06. On average, 2930700 shares of GS exchange hands on a given day and today's volume is recorded at 2084188.
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