Gold production helps 17pc rise in second-half earnings at Cluff August 15, 2012 CLUFF Gold yesterday reported a 17 per cent increase in earnings for the second half of the year, driven by increased production at its Kalsaka gold mine. The Aim-listed West African gold producer increased production by 21 per cent in the three months to 30 June, following positive updates at its other African sites. The [...]
Big supermarkets fight to master a changing market October 3, 2012 TESCO’S first fall in profits for almost two decades suggests a watershed moment for the supermarkets. On one side, the race for space against a backdrop of generous margins; on the other, an altogether tougher battle for bargain-conscious, internet-savvy and convenience-oriented customers as margins shrink. Yesterday’s results were a worrying suggestion that Tesco is losing [...]
FTSE breaks its losing streak as US jobless data provides some cheer October 11, 2012 BRITAIN’S top shares snapped a three session losing streak yesterday, led higher by gains in commodity and financial stocks as a fall in US jobless claims fuelled recovery hopes. The weekly claims figure was the lowest for four years and complemented last week’s fall in US unemployment, providing another piece of evidence that the economy [...]
Insurers find that central banks are all too predictable September 26, 2012 HUNDREDS of homes being evacuated due to flooding in Scotland and northern England wasn’t the ideal backdrop for Lloyd’s of London to announce its upbeat interim results, boosted by a “favourable claims climate”. Then again, even as the number of flood alerts rises, it needn’t sink the Lloyd’s insurance market’s optimism, partly because of its [...]
Smartphones power record $5.9bn Samsung profit July 27, 2012 Samsung Electronics, the world’s top technology firm by revenue, reported on Friday a record operating profit of $5.9bn (£3.7bn) for the June quarter, as rampant Galaxy S handset sales helped stretch its lead over Apple. September quarter mobile profits are expected to forge further ahead as the latest Galaxy model enjoys a sales boom before [...]
F&C adds £3m more cuts as optimism rises August 1, 2012 F&C ASSET Management said yesterday it would increase its radical cost cutting regime by a further £3m as interim results hinted management was starting to turn the business around. The asset manager, which has seen its share price rise around 20 per cent since June, said it would increase its cost cutting target to £48.8m, [...]
Wall St soars as Fed pledges fresh stimulus September 13, 2012 US stocks and crude oil prices rose and the dollar weakened yesterday as investors bet the Federal Reserve’s fresh dose of monetary stimulus would improve economic growth. The US central bank initiated another aggressive stimulus programme, saying it will buy $40bn of mortgage-backed debt per month until the outlook for jobs improves substantially as long [...]
We will soon find out whether America’s recovery is real September 23, 2012 FEDERAL Reserve chief Ben Bernanke took aim at the housing market this month, saying it was one missing piston in the economic engine. The Case-Shiller Home Price Index tomorrow will be the economic equivalent of a peek under the US bonnet at the start of the third quarter, with some wondering if the hum of [...]
Exclusive interview with Homeland’s Mandy Patinkin October 2, 2012 IN a small, dark ante-room, with a one-way pane of glass, Mandy Patinkin is wearing a set of headphones and a highly concentrated expression. On the other side of the glass, in a CIA interview room, Clare Danes, businesslike in a dark blue trouser suit, and Damian Lewis, one of his fists bloodied and bandaged, [...]
Rodgers reliant on Suarez to make a point at the Bridge November 8, 2012 CHELSEA vs LIVERPOOL Sunday 4.00pm A QUARTER of the way through the season and it’s clear to see that reviving Liverpool is not going to be an easy task for Brendan Rodgers. The Reds’ opening five games yielded just two points and there is still a long way to go, although their fortunes have improved [...]