Latest news with #FTIConsulting
CTV News
2 days ago
- Business
- CTV News
RioCan REIT asks court to put joint venture with Hudson's Bay into receivership: docs
People cycle past the Hudson's Bay department store in downtown Montreal on Monday, March 17, 2025. THE CANADIAN PRESS/Christinne Muschi TORONTO — RioCan Real Estate Investment Trust is pushing to put a joint venture it owned with Hudson's Bay into receivership. A court filing from the real estate firm asks the Ontario Superior Court to appoint FTI Consulting Canada Inc. receiver of the companies that span the venture. The filing says RioCan is pursuing a receivership because it thinks that is the best way to protect the venture's stakeholders and maximize value. Receivers are empowered by courts to take control of a company's assets, oversee their liquidation and repay creditors. The Hudson's Bay-RioCan venture was formed in 2015 and is made up of 12 properties the department store chain leases from the partnership. Alvarez & Marsal, a monitor appointed by the court to guide the Bay through creditor protection, says in its own filing that a process to find buyers for Bay leases did not nab any bids for the joint venture or its properties. This report by The Canadian Press was first published May 30, 2025. Tara Deschamps, The Canadian Press
Arabian Business
3 days ago
- Business
- Arabian Business
FTI Consulting expands to Riyadh with new office in King Abdullah Financial District
FTI Consulting, a global advisory firm for corporate services, announced the opening of a new office in the heart of the King Abdullah Financial District (KAFD) in Riyadh . The move to a new, larger office underscores the firm's long-term commitment to Saudi Arabia and plans to build on its existing capabilities in the region to further support a growing client base, the company said. FTI Consulting has operated in Saudi Arabia for more than a decade and obtained a Regional Headquarters Licence in February 2024. The firm provides a range of business advisory services to domestic and international corporations in both the public and private sectors. 'Establishing a presence in King Abdullah Financial District represents a major strategic milestone for FTI Consulting in the region,' said Antoine Nasr, a Senior Managing Director and Head of FTI Consulting in the Middle East. 'Saudi Arabia is undergoing a remarkable economic transformation, and our clients increasingly seek on-the-ground expertise to navigate this evolving landscape,' he said. Commenting on FTI Consulting's move, Sultan Alobaida, Chief Commercial Officer of King Abdullah Financial District Development and Management Company (KAFD DMC), said the move comes at a time when the global management consulting market is experiencing significant expansion. 'This global trend is mirrored in Saudi Arabia, where the need for consultancy services is rising as the Kingdom continues its economic transformation,' he said. Alobaida said that with Saudi Arabia's private sector now contributing 47 per cent to GDP, surpassing the 2024 target, the need for business, management and strategy consulting services is growing steadily.
Zawya
5 days ago
- Business
- Zawya
FTI Consulting opens office in King Abdullah Financial District in Riyadh
Riyadh — FTI Consulting, Inc. (NYSE: FCN) today announced the opening of a new office in the heart of King Abdullah Financial District ('KAFD') in Riyadh, Saudi Arabia. The move to a new, larger office underscores the firm's long-term commitment to Saudi Arabia and plans to build on its existing capabilities in the region to further support a growing client base. FTI Consulting has operated in Saudi Arabia for more than a decade and obtained a Regional Headquarters Licence in February 2024. The firm provides a range of business advisory services to domestic and international corporations in both the public and private sectors. 'Establishing a presence in King Abdullah Financial District represents a major strategic milestone for FTI Consulting in the region,' said Antoine Nasr, a Senior Managing Director and Head of FTI Consulting in the Middle East. 'Saudi Arabia is undergoing a remarkable economic transformation, and our clients increasingly seek on-the-ground expertise to navigate this evolving landscape. KAFD is at the heart of a dynamic government and financial landscape, where we can provide our clients with unparalleled strategic consulting advice and access to regional and global markets. We are proud to play a role in realising their ambitions in this vibrant market.' FTI Consulting has been active in the Kingdom for more than a decade and provides domestic and international corporations, ministries and government bodies with a range of business advisory services, including strategy consulting, construction solutions, corporate finance, data privacy, expert witness, financial crime management, forensic and digital investigations, public sector advisory, economic consulting and strategic communications. Commenting on FTI Consulting's move, Sultan Alobaida, Chief Commercial Officer of King Abdullah Financial District Development and Management Company (KAFD DMC), said: 'The global management consulting market is experiencing significant expansion, with a compound annual growth rate of 6.56% forecast between 2025 and 2034. This global trend is mirrored in Saudi Arabia, where the need for consultancy services is rising as the Kingdom continues its economic transformation. With Saudi Arabia's private sector now contributing 47% to GDP, surpassing the 2024 target, the need for business, management and strategy consulting services is growing steadily. This development reflects the country's ongoing economic diversification under Vision 2030. Additionally, Saudi Arabia's rise to 16th globally in the IMD World Competitiveness Ranking an improvement of 20 positions signals the dynamic business environment, which creates opportunities for firms, like FTI Consulting, to contribute their expertise. In light of these themes, therefore, KAFD is the natural home for FTI Consulting in the Kingdom. As part of this prestigious community, it will benefit from the close proximity to leading entities, the unrivalled connectivity and the world-class infrastructure that KAFD offers. We are delighted to welcome the company to the district as we continue to build on our position as the premier destination for business in the Kingdom and beyond.' Lars Faeste, EMEA Chairman at FTI Consulting, added, 'Our decision to open in KAFD speaks directly to where our clients need us most. Riyadh is fast becoming a nexus for investment, governance reform and business transformation, all of which align closely with our core service offerings. This move also strengthens our commitment to the professional development of Saudi talent and the nurturing of future leaders within our firm. From our new location, we look forward to further enhancing our ability to address clients' critical issues — from large transformational strategies to crisis management.' About FTI Consulting FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees in 33 countries and territories as of March 31, 2025. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.70 billion in revenues during fiscal year information can be found at Investor Contact: Mollie Hawkes +1.617.747.1791 Media Contact: Helen Obi +44 20 7632 5071 About KAFD Situated in the Saudi capital, Riyadh, KAFD is an iconic destination that merges the worlds of business and lifestyle in a digitally integrated and sustainable ecosystem, transforming the way contemporary communities live, work, and play. The destination is owned and managed by King Abdullah Financial District Development and Management Company (KAFD DMC), which was established in 2018 and is a PIF Company. With a vision to build a dynamic city of tomorrow, the Kingdom's first vertical city solution, spanning 1.6 million square meters with 95 buildings designed by 25 world-leading architectural firms, has not only shaped the skyline of Riyadh but also transformed the city's economic landscape and redefined the essence of urban living. It is the world's largest LEED platinum-certified business and lifestyle district, epitomizing Saudi Arabia's vision for economic diversification, quality of life, and sustainable development. For further details about KAFD, please visit
Yahoo
5 days ago
- Business
- Yahoo
Q1 Rundown: FTI Consulting (NYSE:FCN) Vs Other Business Process Outsourcing & Consulting Stocks
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the business process outsourcing & consulting stocks, including FTI Consulting (NYSE:FCN) and its peers. The sector stands to benefit from ongoing digital transformation, increasing corporate demand for cost efficiencies, and the growing complexity of regulatory and cybersecurity landscapes. For those that invest wisely, AI and automation capabilities could emerge as competitive advantages, enhancing process efficiencies for the companies themselves as well as their clients. On the flip side, AI could be a headwind as well as the technology could lower the barrier to entry in the space and give rise to more self-service solutions. Additional challenges in the years ahead could include wage inflation for highly skilled consultants and potential regulatory scrutiny on outsourcing practices—especially in industries like finance and healthcare where who has access to certain data matters greatly. The 7 business process outsourcing & consulting stocks we track reported a satisfactory Q1. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 0.5% below. In light of this news, share prices of the companies have held steady as they are up 3.5% on average since the latest earnings results. With a team of experts deployed across 30+ countries to tackle complex business challenges, FTI Consulting (NYSE:FCN) is a global business advisory firm that helps organizations manage change, mitigate risk, and resolve disputes across financial, legal, operational, and regulatory matters. FTI Consulting reported revenues of $898.3 million, down 3.3% year on year. This print fell short of analysts' expectations by 0.9%, but it was still a strong quarter for the company with an impressive beat of analysts' EPS estimates. Steven H. Gunby, President and Chief Executive Officer of FTI Consulting, commented, 'This is a time of disruption for many of our clients; as they assess their risks and opportunities, many of them are finding the depth and breadth of our capabilities across our global platform to be a reason to turn to us.' FTI Consulting delivered the slowest revenue growth of the whole group. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $166.75. Is now the time to buy FTI Consulting? Access our full analysis of the earnings results here, it's free. Often retained for high-stakes matters with multibillion-dollar implications, CRA International (NASDAQ:CRAI) provides economic, financial, and management consulting services to corporations, law firms, and government agencies for litigation, regulatory proceedings, and business strategy. CRA reported revenues of $181.9 million, up 5.9% year on year, outperforming analysts' expectations by 3%. The business had a very strong quarter with an impressive beat of analysts' EPS estimates and full-year revenue guidance slightly topping analysts' expectations. CRA delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 15.3% since reporting. It currently trades at $185.95. Is now the time to buy CRA? Access our full analysis of the earnings results here, it's free. Originally spun off from General Electric in 2005 to provide business process services, Genpact (NYSE:G) is a global professional services firm that helps businesses transform their operations through digital technology, AI, and data analytics solutions. Genpact reported revenues of $1.21 billion, up 7.4% year on year, in line with analysts' expectations. It was a slower quarter as it posted a slight miss of analysts' EPS guidance estimates. Genpact delivered the weakest full-year guidance update in the group. As expected, the stock is down 12.2% since the results and currently trades at $43.51. Read our full analysis of Genpact's results here. With a team of over 800 consultants holding advanced degrees in 90+ technical disciplines, Exponent (NASDAQ:EXPO) is a science and engineering consulting firm that investigates complex problems and provides expert analysis for clients across various industries. Exponent reported revenues of $137.4 million, flat year on year. This number beat analysts' expectations by 2.1%. However, it was a mixed quarter as it recorded revenue guidance for next quarter slightly missing analysts' expectations. The stock is down 2% since reporting and currently trades at $76.20. Read our full, actionable report on Exponent here, it's free. With over 120 offices across 33 states and a team of more than 6,700 professionals, CBIZ (NYSE:CBZ) provides accounting, tax, benefits, insurance brokerage, and advisory services to help small and mid-sized businesses manage their finances and operations. CBIZ reported revenues of $838 million, up 69.5% year on year. This print came in 2.6% below analysts' expectations. It was a slower quarter as it also logged full-year revenue guidance missing analysts' expectations. CBIZ achieved the fastest revenue growth but had the weakest performance against analyst estimates among its peers. The stock is down 6.9% since reporting and currently trades at $71.93. Read our full, actionable report on CBIZ here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
23-05-2025
- Business
- Yahoo
Angle PLC Announces Notice of Results
Notice of Preliminary Results and Webcast GUILDFORD, SURREY / / May 23, 2025 / ANGLE plc (AIM:AGL)(OTCQX:ANPCY), a world-leading liquid biopsy company with innovative circulating tumour cell (CTC) diagnostic solutions for use in research, drug development and clinical oncology, will be releasing its preliminary results for the year ended 31 December 2024 on Wednesday 28 May 2025. A meeting for analysts will be held at 11:00 am BST on Wednesday 28 May 2025 at the offices of FTI Consulting, 200 Aldersgate, Aldersgate Street, London, EC1A 4HD. A live webcast of the analyst meeting can be accessed via ANGLE's Investor Centre page, with Q&A participation reserved for analysts only. Please register in advance and log on to the webcast approximately 5 minutes before 11:00 am on the day of the results. A recording of the webcast will be made available on ANGLE's website following the results meeting. For further information: ANGLE plc +44 (0) 1483 343434 Andrew Newland, Chief ExecutiveIan Griffiths, Finance Director Berenberg (NOMAD and Corporate Broker)Toby Flaux, Ciaran Walsh, Milo Bonser +44 (0) 20 3207 7800 FTI ConsultingSimon Conway, Sam PurewalMatthew Ventimiglia (US) +44 (0) 203 727 1000 +1 (212) 850 5624 For Frequently Used Terms, please see the Company's website on Notes for editors About ANGLE plc ANGLE is a world-leading liquid biopsy company with innovative circulating tumour cell (CTC) solutions for use in research, drug development and clinical oncology using a simple blood sample. ANGLE's FDA cleared and patent protected CTC harvesting technology known as the Parsortix® PC1 System enables complete downstream analysis of the sample including whole cell imaging and proteomic analysis and full genomic and transcriptomic molecular analysis. ANGLE's commercial businesses are focusing on clinical services and diagnostic products. The clinical services business is offered through ANGLE's GCLP-compliant laboratories. Services include custom made assay development and clinical trial testing for pharma. Products include the Parsortix system, associated consumables and assays. Over 100 peer-reviewed publications have demonstrated the performance of the Parsortix system. For more information, visit This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: ANGLE plc View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
