WHAT THE OTHER PAPERS SAY THIS MORNING June 28, 2012 FINANCIAL TIMES Bostock poised to leave M&S Kate Bostock, the head of all of Marks and Spencer’s non-food business, including clothing, is poised to leave the high street retailer. Ms Bostock’s departure could be announced at M&S’s annual meeting on July 10, or possibly sooner. The expected departure of Ms Bostock, who has been with [...]
Uncertainty over global economy and corporates sees FTSE end flat July 11, 2012 BRITAIN’S top share index ended flat in low volume yesterday, with investors uncertain about the future path for equities due to concerns over global growth and corporate earnings. The FTSE 100 was up 0.41 points, or 0.01 per cent, at 5,664.48, having swung in a 50 point arc during the session, on volume of less [...]
ADVISERS DEUTCHE BANK June 28, 2012 GLOBAL head NATURAL RESOURCES M&A Nigel Robinson was one of the advisers from Deutsche Bank who advised Veolia. Robinson is no stranger to big deals and is currently also working on the mega merger between commodities giant Glencore and FTSE 100 miner Xstrata. Robinson joined the bank in 2007 as managing director and head of [...]
Gold mining firms push FTSE higher despite fears over Spain and Greece June 13, 2012 BRITAIN’S benchmark share index closed higher yesterday as gains in heavyweight gold-mining companies enabled the market to outperform rival European bourses, which fell on persistent worries over the Greek and Spanish debt crises. The blue-chip FTSE 100 index ended up 10.07 points, or 0.2 per cent, at 5,483.81 points. However, trading volumes remained relatively thin [...]
FTSE flat as gloomy forecasts from Japan highlight worldwide slump August 28, 2012 BRITAIN’S top share index ended flat yesterday, with the market stagnating as expectations for economic stimulus measures were countered by concerns over global growth, which was reinforced by gloomy forecasts from Japan. The government in Tokyo cut its economic assessment yesterday, citing the impact of a slowdown in the United States and China on top [...]
Glencore gets lift from coal and copper November 17, 2011 GLENCORE International said third-quarter trading in its marketing arm was “solid” as it posted a jump in metals output and announced it had become an oil producer yesterday. The trading update calmed the jitters of some investors, who feared the company could be hit by the market turmoil that triggered a quarterly loss at rival [...]
Glencore pulls out of $475m Peru mine deal November 30, 2011 Commodity trader and miner Glencore has pulled out of its planned $475m (£305m) acquisition of the owner of Peru’s Mina Justa copper project, citing the seller’s failure to satisfy necessary conditions. Glencore, the world’s largest diversified commodity trader, had announced in July it planned to buy a 70 per cent interest in Marcobre – owner [...]
Glencore pulls out of $475m Peru mine deal November 30, 2011 Commodity trader and miner Glencore has pulled out of its planned $475m (£305m) acquisition of the owner of Peru’s Mina Justa copper project, citing the seller’s failure to satisfy necessary conditions. Glencore, the world’s largest diversified commodity trader, had announced in July it planned to buy a 70 per cent interest in Marcobre – owner [...]
Xstrata copper production dips May 1, 2012 Miner Xstrata, which is moving into the final stages of a record tie-up with commodities trader Glencore, posted a drop in first-quarter copper production as it prepares for the ramp up of key projects in the second half of the year. Xstrata, which said all its major projects were making good progress and remained on [...]
FTSE edges up but Eurozone gloom continues May 24, 2012 The FTSE 100 staged a tentative recovery in early trading although an inconclusive meeting of Eurozone leaders offered little prospect of a plan to save Greece. Overnight the EU said it wanted Greece to stay in the fold but contingency plans are already underway for an exit from the euro for the debt laden country. [...]