Headline News
BNY Mellon posts record assets under administration
BNY Mellon reported a strong set of third-quarter results on Friday, surpassing profit estimates as assets under custody and administration reached a record $52. 1trn.
Sainsbury's slumps as Qatar Investment Authority places 109m shares
Sainsbury’s slumped on Friday following reports that its biggest shareholder, Qatar Investment Authority, has placed 109m shares in the supermarket chain.
Saga in talks with Ageas about possible tie-up, shares spark
Shares in Saga jumped on Friday, after the travel-to-insurance business revealed it was in advanced discussions with Belgium’s Ageas about a potential partnership deal.
'Intense' competition in China weighs heavily on Volkswagen
Global car sales at Volkswagen Group fell sharply in the last quarter, the German manufacturer confirmed on Friday, dragged down by stiff competition in China.
UK trade balance widens in August - ONS
The UK’s trade deficit widened in August, official data showed on Friday, after a jump in imports outstripped the rise in exports.
Ithaca Energy prices $750m senior notes, signs $1.24bn facility
Ithaca Energy announced the pricing of $750m in senior notes due 2029 on Friday, alongside the signing of a $1. 235bn amended and restated reserves-based lending (RBL) facility by its subsidiary Ithaca Energy UK.
QinetiQ wins three year UK defence contract worth up to £150m
QinetiQ announced on Friday that it has been awarded a three-year contract by Defence Digital, part of the UK Ministry of Defence, to support the development of next-generation tactical military communications systems.
UK economy returns to growth in August
The UK economy returned to growth in August, according to figures released on Friday by the Office for National Statistics.