Saudi Aramco profits jump despite conflict in the Middle East

Schriftgröße

Saudi Arabia’s state oil company hit £26.9bn profit – a 26% rise – in the first three months of the yearBusiness live – latest updatesSaudi Arabia’s state oil company reported a 26% jump in profit in its first quarter, as its east-west pipeline allowed it to ship millions of oil barrels out of the Gulf despite conflict in the Middle East.Profits at Saudi Aramco hit $33.6bn (£26.9bn) in the first three months of the year, while revenue rose nearly 7% compared with a year earlier to $115.5bn. Continue reading...

Continue reading on Guardian Business

This article was originally published by Guardian Business.

Ähnliche Meldungen

In Entwicklung·28 dk önce

SK Hynix's $26.5bn US Share Offering Becomes Largest Ever Foreign Listing

South Korean chipmaker SK Hynix has raised $26.5bn in its New York share offering, the largest ever by a foreign firm in the US. The shares surged on their Nasdaq debut, driven by demand for AI chips.

BBC Business

In Entwicklung·1 sa önce

Apollo's Bid for easyJet Sparks Competitive Auction

US private equity firm Apollo has made a surprise offer for easyJet, trumping Castlelake's bid with a higher price of 715p per share (£5.7bn). This has initiated a competitive auction, relieving easyJet's board. Apollo is seen as a favorite due to its appeal to founder Sir Stelios Haji-Ioannou and its larger scale compared to Castlelake.

Guardian Business

In Entwicklung·5 sa önce

French billionaire Xavier Niel becomes Vodafone's largest shareholder

French telecoms billionaire Xavier Niel has acquired a 16% stake in Vodafone for £4.4bn, becoming its largest shareholder. The stake was purchased from Emirati group e&, which sold its entire holding for 112.5p a share. Niel's investment vehicle, Vega, intends to be a long-term minority shareholder.

Guardian Business

In Entwicklung·9 sa önce

EasyJet Faces Competing Takeover Bids from Apollo and Castlelake

No-frills airline EasyJet has received a superior takeover proposal from US firm Apollo Management for £5.7bn, surpassing a previous agreement in principle with rival suitor Castlelake. Apollo's offer of £7.15 per share is higher than Castlelake's £6.90, with regulatory hurdles concerning EU ownership remaining.

BBC Business

In Entwicklung·10 sa önce

easyJet Board Considers £5.7bn Apollo Offer Amid Bidding War

easyJet's board is now "minded to recommend" a £5.7bn all-cash offer from Apollo, valuing the airline at £7.15p per share. This follows a previous agreement in principle with Castlelake for a £5.5bn deal, which was later deemed undervalued.

Guardian UK

In Entwicklung·10 sa önce

EasyJet Agrees to £5.7bn Takeover Bid from Apollo Management

No-frills airline EasyJet has accepted a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous bid from Castlelake. Apollo's offer of £7.15 per share is superior to Castlelake's £6.90, leading EasyJet to withdraw its recommendation for the earlier bid.

BBC Business