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Predator Oil & Gas posts annual loss as it develops Trinidad, Morocco plays

Oil company Predator Oil & Gas posted a full-year loss as it developed projects in Trinidad, Morocco and Ireland.

Pre-tax losses for the year through...

Tue, 05/05/2020 - 07:49


Tekmar annual revenue rises 40%; sees resilient offshore wind demand

Subsea cable protection group Tekmar said it expected to post a 40% rise in revenue for the financial year just completed, and said current demand...

Tue, 05/05/2020 - 07:42


Gulf Marine Services losses widen on asset writedowns, lower revenue

Offshore wind vessel provider Gulf Marine Services reported wider losses on lower revenue and asset write downs

For 2019, pre-tax losses widened to $81.8m...

Fri, 01/05/2020 - 08:28


RBS first-quarter profit slumps 50% as impairment losses soar

Royal Bank of Scotland reported a 59% slump in first-quarter profit after impairment losses soared as borrowers struggled to repay loans amid the Covid-19 crisis....

Fri, 01/05/2020 - 07:12


Sainsbury's predicts £500m hit to profits due to Covid-19; defers dividend payment decisions

Supermarket group J Sainsbury has warned of a £500m hit to profits due to the cost of protecting customers and colleagues during the Covid-19 pandemic,...

Thu, 30/04/2020 - 08:40


GlaxoSmithKline earnings jump 41% amid Covid-19 drug stockpiling

Pharmaceutical company GlaxoSmithKline posted a 41% jump in first-quarter earnings after drug sales were boosted by stockpiling amid the Covid-19 pandemic.

Operating profit for the...

Wed, 29/04/2020 - 13:15


Proactis expects first-half earnings to fall; seeing resilience during Covid-19 crisis

Spend management group Proactis said it expected to post a fall in first-half earnings owing to higher levels of customer churn in previous years.

Looking...

Wed, 29/04/2020 - 09:04


Mirada to post modest profit; secures additional debt funding

Digital television software provider Mirada said it expected to swing to a modest annual profit for the financial year just completed, while stating that it...

Wed, 29/04/2020 - 08:57


Standard Chartered profit slumps 29% as credit impairments rise

Standard Chartered said its profit fell 29% in the first quarter owing to a significant rise in credit impairments linked to the Covid-19 crisis.

Pre-tax...

Wed, 29/04/2020 - 07:45


Commercial International Bank profit grows amid boost from higher net interest income

Commercial International Bank reported a rise in profit on higher net interest income.

For 2019, pre-tax profit rose to EGP 14.8bn from EGP 12.6bn as...

Tue, 28/04/2020 - 09:57


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