Gulf Marine Services posts fall in net profit as it slashes debt September 4, 2024 Gulf Marine Services (GMS) posted a hefty dent in net profit in its half-year results despite a sizeable rise in revenue, as the highly levered business continues to focus on debt reduction. The London-listed oil services provider, which operates self-propelled and elevating support vessels for the oil sector out of the United Arab Emirates, saw [...]
Wood Group shares plunge 40 per cent after bidder Sidara walks away citing ‘geopolitical risks’ August 5, 2024 Dubai-based engineers Sidara has brought an end to takeover talks with London-listed John Wood, citing "rising geopolitical risks" and "financial market uncertainty".
The Telegraph is back on the market. Who could buy it? April 30, 2024 A number of potential bidders are still interested in buying the Telegraph since the government thwarted Redbird IMI's takeover attempt.
One of London’s most expensive mansions has been bought by UAE president MBZ April 4, 2024 Sheikh Mohammed bin Zayed Al Nahyan, the president of the United Arab Emirates, has reportedly bought one of the most expensive homes in London.