Latest News

Barclays expands Middle East presence with new Riyadh office


By Goran Nastic

Barclays has opened a new office in Riyadh’s King Abdullah Financial District (KAFD) as it expands its investment banking and markets operations in Saudi Arabia


Highlighted Content

Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


Story 2

Thames Water secures £12bn creditor backing for debt extension

Thames Water has secured support from creditors representing more than £12bn of secured debt for a proposed restructuring that would extend the maturity of billions of pounds of borrowing by a year, giving the embattled utility more time to negotiate a wider recapitalisation

Story 3

SRT Marine Systems profit jumps 650%

SRT Marine Systems has reported a 650% year-on-year increase in its profit before tax, totalling £10.7m in the year to 30 June

Story 4

BoE raises interest rates to 4%

The Bank of England (BoE) has raised interest rates by 0.25% to 4%, as it attempts to contain rising inflation driven by higher energy prices and disruption to global supplies.

The Monetary Policy Committee (MPC) voted eight to one in favour of increasing the base rate to 4%

Story 5

Vistry cuts jobs and reshapes business amid tough conditions

FTSE 250 housebuilder Vistry Group, which recently appointed a new CFO, is pushing ahead with a sweeping restructuring programme aimed at reducing debt, simplifying operations and restoring profitability

Story 6

MJ Gleeson sees improvements in subdued market

MJ Gleeson has said that sales rates in its homes division have improved after the "weak summer" but still remain subdued

Story 7

Potter & Moore appoints new CFO

Potter & Moore has appointed James Robinson as non-board CFO, with effect from 11 January 2027

Story 8

Rightmove ups guidance despite softer housing market

Property portal Rightmove has upgraded its earnings guidance for the year after reporting solid revenue and profit growth, with AI tools boosting amid a slowdown in the UK housing market

Story 9

Next increases guidance in Q3 update

Next has increased its total group sales and full price sales guidance for the full-year in its Q3 update

Story 10

Chesnara to acquire MetLife UK’s closed-book business

European life and pensions consolidator, Chesnara, is to acquire 100% of the share capital of MetLife Group’s closed-book UK life insurance company, MetLife UK Limited (MLUK).

Diageo trades in line with expectations in Q1

Diageo has performed in line with expectations in Q1, as its reported sales increased by 1.2% to $4.9bn in the three months to 30 September
M&S profits more than double despite cost pressures

Marks & Spencer more than doubled its adjusted pre-tax profits in the first half "despite the onslaught of cost headwinds", as the retailer continued its recovery from last year's cyber attack
National Grid ups earnings guidance after first-half profits growth

National Grid has upgraded its full-year earnings guidance after reporting a 13% increase in underlying operating profit and accelerating investment across its UK and US energy networks


View More News

BANNER

MPU

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies