BHP sells titanium business to Rio February 1, 2012 Global miner BHP Billiton has sold its stake in a South African titanium operation to rival Rio Tinto, marking its exit from the titanium minerals industry. BHP said it had exercised an option to sell its 37 per cent stake in Richard Bay Minerals to Rio Tinto, with the final cost to be agreed by [...]
Meet the enchanting new Peugeot January 31, 2012 Hybrid cars have been on sale in Europe for a while now. Toyota, Honda, VW and even Porsche all sell hybrid versions of their cars that improve on fuel economy by supplementing their petrol engines with electric motors. Until now, such cars have made the most sense for North America or other regions that don’t [...]
BEST OF THE BROKERS January 30, 2012 WHITBREAD Credit Suisse has cut its rating for Premier Inn and Costa coffee owner Whitbread from “outperform” to “neutral”, saying that downside risks at the company are increasing. The broker expects a two per cent decline in revenue per average room at Premier Inn in 2013, which leaves its earnings per share estimates seven per [...]
Anglo lifted by copper as diamonds dip January 26, 2012 MINING giant Anglo American yesterday posted a rise in quarterly output for its key commodities, but a dip in its diamond production, which was hit by weaker prices. The FTSE 100 company said iron ore was up five per cent at 12.4m tonnes – fuelled by the $1bn (£636m) Kolomela mine, which reaped rewards ahead [...]
Anglo lifted by copper as diamonds dip January 26, 2012 MINING giant Anglo American yesterday posted a rise in quarterly output for its key commodities, but a dip in its diamond production, which was hit by weaker prices. The FTSE 100 company said iron ore was up five per cent at 12.4m tonnes – fuelled by the $1bn (£636m) Kolomela mine, which reaped rewards ahead [...]
BEST OF THE BROKERS January 26, 2012 CHEMRING Credit Suisse has downgraded the arms and defence group to “neutral” from “outperform” and lowered its target price to 420p from 460p, as well as reducing its 2012 earnings estimates by 15 per cent. The broker sees the firm as being in a “new norm” where growth is much weaker and order timing unpredictable, [...]
BEST OF THE BROKERS January 26, 2012 CHEMRING Credit Suisse has downgraded the arms and defence group to “neutral” from “outperform” and lowered its target price to 420p from 460p, as well as reducing its 2012 earnings estimates by 15 per cent. The broker sees the firm as being in a “new norm” where growth is much weaker and order timing unpredictable, [...]
CAR TALK January 24, 2012 NEW SLK 55 AMG TO SET YOU BACK UNDER £55,000 Mercedes–Benz has announced prices for its powerful SLK 55 AMG. The top of the line AMG model has a new 5.5-litre V8 engine good for 421bhp which can propel the car from 0-62mph in 4.6 seconds. The car produces 30 per cent less emissions and [...]
CAR TALK January 24, 2012 NEW SLK 55 AMG TO SET YOU BACK UNDER £55,000 Mercedes–Benz has announced prices for its powerful SLK 55 AMG. The top of the line AMG model has a new 5.5-litre V8 engine good for 421bhp which can propel the car from 0-62mph in 4.6 seconds. The car produces 30 per cent less emissions and [...]
Rio Tinto output is hit by China fears January 17, 2012 LONDON-LISTED miner Rio Tinto yesterday reported almost flat iron ore production growth for the fourth quarter, weaker than some market expectations amid concerns that Chinese demand is softening. The company reported a three per cent rise in output between the third and fourth quarters of 2011, down from growth of nearly double that at the [...]