Monday , 20 April 2026

Recent Posts

Sports Direct tumbles as Debenhams bet backfires

Bloomberg Sports Direct International Plc investors have been left counting the cost of billionaire founder Mike Ashley’s wheeling and dealing. The UK sportswear retailer reported a 73 percent decline in full-year pretax profit. The drop was mainly due to a one-time charge of 85.4 million pounds ($111 million) related to its investment in struggling department store chain Debenhams Plc. Sports …

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Uganda Airlines eyes Airbus, Bombardier jets

Bloomberg Bombardier Inc. said Uganda Airlines signed a firm order for four new CRJ900 jets as the East African nation seeks to resuscitate its moribund carrier after two decades. The country also signed a memorandum of understanding for two A330neo, Airbus SE said in a statement on its website, without providing cost details. “Based on the list price for the …

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Aramco-Sabic deal would funnel billions to Saudi fund

Bloomberg A potential deal between Saudi Arabia’s state-owned oil and petrochemical giants could enable the country’s sovereign wealth fund to raise billions of dollars. Saudi Aramco, the world’s largest oil company, is considering buying a strategic stake in the Sabic petrochemical group, Aramco said in a statement, adding that the talks were at a “very early stage.” The Public Investment …

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