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Nationwide Announces £2.9bn Bid for Virgin Money

Nationwide Announces £2.9bn Bid for Virgin Money

Nationwide Building Society (Nationwide) has placed a £2.9bn ($3.67bn) bid to acquire Virgin Money. Alongside a final dividend of 2p, Nationwide will pay 218p in cash for each share of Virgin Money, which represents a 38% premium to closing share price on March 6, the...

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Qatar Upgraded to AA by Fitch

Qatar Upgraded to AA by Fitch

Qatar has been upgraded by a notch to AA from AA- from Fitch. The upgrade follows reduction in its debt-to-GDP ratio in recent years and Fitch's expectations that the country's external balance sheet will strengthen further. Fitch expects Qatar's general government...

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