Critics of listing rules in the UK should bear in mind how the system actually works December 12, 2011 MUCH has been written in recent weeks about the question of safeguarding the high standards of London’s listed equity market in the face of a spate of listings of international commodity stocks. Many of these articles assume it is the role of the UK Listing Authority (UKLA) to insist on full compliance with the Corporate [...]
FTSE lurches up on economic optimism October 6, 2011 BRITAIN’S top shares advanced yesterday as sentiment was lifted by hopes policymakers will take the necessary measures to stabilise stressed European banks and by the Bank of England’s decision to launch a second round of quantitative easing. “Central banks have come to the party and said ‘look, we’re really concerned about growth; we’re going to [...]
Kazakhmys to buy back shares August 25, 2011 KAZAKH miner Kazakhmys posted a 20 per cent rise in first-half underlying profit, boosted by stronger copper prices, and announced a surprise share buyback in London worth up to $250m (£150m). Its board has also approved a $1.8bn development of a major copper growth project, equivalent to a third of the miner’s current output, at [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 26, 2011 FINANCIAL TIMES BP PROPOSES FOURTH PIPELINE ROUTE TO BRING AZERBAIJAN GAS TO EUROPE BP is planning a pipeline stretching 1,300 km across three countries to bring gas from Azerbaijan to Europe. The scheme is a new entrant in the highly charged competition to construct a supply route to the Caspian basin and reduce Europe’s dependence [...]
ENRC to get $2bn Chinese loan February 23, 2011 FTSE-listed Kazakh miner ENRC is to get a loan of around $2bn (£1.23bn) from the China Development Bank, Kazakhstan’s President Nursultan Nazarbayev said yesterday. The funds, agreed between the two countries, are set to help develop ENRC’s iron ore and chrome units, though the firm has not commented.
ENRC to get $2bn Chinese loan February 23, 2011 FTSE-listed Kazakh miner ENRC is to get a loan of around $2bn (£1.23bn) from the China Development Bank, Kazakhstan’s President Nursultan Nazarbayev said yesterday. The funds, agreed between the two countries, are set to help develop ENRC’s iron ore and chrome units, though the firm has not commented.
Ferroalloys grow for ENRC February 2, 2011 Mining group ENRC said ferroalloy production rose 5.6 per cent in the fourth quarter as the company’s operations in Kazakhstan ran at full available capacity. The London-listed company said yesterday that production of ferroalloys grew to 473,000 tonnes from 448,000 tonnes in the same period last year. Ferroalloys accounted for 47 per cent of first-half [...]
Gold-related groups might bring markets to life October 3, 2011 GOLD has been one of the few winners of the recent downturn because of its safe haven status, so it should come as no surprise that companies involved in the production of the precious metal should be first in the queue to bring a ray of sunshine to the nearly dormant new issues markets. Polymetal, [...]
Gold-related groups might bring markets to life October 3, 2011 GOLD has been one of the few winners of the recent downturn because of its safe haven status, so it should come as no surprise that companies involved in the production of the precious metal should be first in the queue to bring a ray of sunshine to the nearly dormant new issues markets. Polymetal, [...]
Jobs data boosts FTSE but US markets falter October 7, 2011 London stocks have closed slightly higher after better-than-expected US jobs figures prompted an afternoon rally, but US markets remain down after fresh downgrades of Spain and Italy. The FTSE 100 index spiked sharply when US figures showed 103,000 new jobs created, and while it gave up most of the gains it still closed up 0.2 [...]