Companies

Saudi Arabia sells approximately $12bn in shares of its national oil company Saudi Aramco to raise capital for its sovereign fund. Saudi Arabia will sell between SR26.7 to SR29.50 for at least 1,545bn shares or 0.64 percent of the…

Goldman Sachs amassed over $20bn in private credit to invest, giving it the firepower to move ahead in one the fastest-growing sectors of the asset management sector. The group announced on Wednesday that its asset management arm raised…

The UAE is accused of receiving tens and tens billions of dollars in gold that's smuggled from Africa each year. This reflects the growing concern about the illicit trade of precious metals. Swissaid, in a comprehensive report, estimated…

The takeover of Royal Mail, by a private financier, is a cause for concern. On the long-term, it is fair to say everything about the 500 year-old institution may be in danger. After a few short years, the string of commitments that the…

St James's Place will likely drop from the FTSE 100, after shares of the UK's biggest wealth manager dropped more than 55% over the last year. In its quarterly report, the London Stock Exchange announced on Tuesday that SJP, whose shares…

Adam Neumann, the founder of WeWork, has abandoned his bid to buy out the bankrupt shared-office space provider. Neumann, the man who had been fired from WeWork in 2019 after a failed attempt to list the company on the stock exchange,…

Royal Mail failed to publish their financial results in time due to audit delays. It is preparing for a £3.5bn acquisition by a Czech billionaire. International Distributions Services, the parent company of IDS, was supposed to release…

Mike Ashley has learned that he is considering a stake in the Princesshay estate of Exeter. This would be the first joint-venture between the retail mogul, and King's Property Company. A retail property source revealed that Frasers…

South West Water's owner has announced that normal service is now available to 85% of their customers, after unsafe drinking led to over 100 cases of waterborne diseases in Devon. It also increased its dividend payout to its shareholders.…

Bouygues, a French conglomerate, is trying to block Morrisons from selling its petrol forecourts to them in a heated dispute over the rights to operate electric vehicle chargers on the sites. Equans EV Solutions is a subsidiary company…

BYD, the Chinese electric car giant, first entered the British automobile market. It's now taking on the traditional London bus makers. Sources said that the Go-Ahead Group will award a contract for more than 100 double-deckers powered…

The 4,200-acre Profen mine, located 45 minutes southwest of Leipzig in east Germany, stretches to the horizon. The Nazis opened the mine in 1941, forcing hundreds of residents to move from six villages. The mine produces around eight…

Lupita Nyong’o, Black Panther star, shone under the spotlights when she walked on the Oscars stage two months ago, dazzling in her silver dress and diamond bracelets, earrings and rings. De Beers provided the actress with a total of 41…

In a dispute that has cast doubt on the future of Harland & Wolff, the Belfast shipbuilder responsible for the Titanic, the UK government is divided over a financial assistance package. Whitehall officials say that the Treasury is…

Burberry's profits fell by 40% over the past year due to a general slowdown in luxury goods demand that has affected sales in Asia, and Americas. In its preliminary results published on Wednesday, the high-end UK retailer of fashion…

Thousands of UK companies have exploited their corporate power to increase profit margins since the pandemic, redistributing wealth from employees to employers and shareholders, according to the biggest study yet of data since 2019. A…

British digger manufacturer JCB, owned and controlled by billionaire Bamford Family, continued to manufacture and supply equipment for Russia's market even after claiming it had stopped all exports due to Vladimir Putin's invasion Ukraine.…

Grant Thornton expects to earn £46mn from the administration of Greensill Capital. This is one of the costliest insolvency processes undertaken in the UK. According to a report filed with Companies House last month, the accounting firm…