Polymetal’s gold and silver production rises but broker views dent its shares January 19, 2012 RUSSIAN precious metals miner Polymetal expects 2012 gold output to range from 590,000-640,000 ounces, up from 443,000 ounces last year, as it expands mining operations, it said yesterday. Silver output is expected between 21-23m ounces this year, up from 19.9m ounces in 2011. The company produced 6.4m ounces of silver in the fourth quarter, up [...]
Murray wary of leftie Llodra January 19, 2012 Brit glides past Roger-Vasselin to set up third-round clash with quicksilver veteran HE MAY not be a wild card under by strict tennis definitions but Michael Llodra stands out from most professionals on the circuit – and Britain’s Andy Murray admits he will pose a singular threat when they collide tomorrow at the Australian Open. [...]
Murray wary of leftie Llodra January 19, 2012 Brit glides past Roger-Vasselin to set up third-round clash with quicksilver veteran HE MAY not be a wild card under by strict tennis definitions but Michael Llodra stands out from most professionals on the circuit – and Britain’s Andy Murray admits he will pose a singular threat when they collide tomorrow at the Australian Open. [...]
Bank stocks up as Eurozone fears ease January 19, 2012 The FTSE 100 today opened with a strong performance in the banking sector with investor confidence being buoyed by efforts to bring the Eurozone back in line after months of damaging instability. The International Monetary Fund (IMF) is seeking to raise up to $600bn (£388.8bn) which would help ease worries about funding in the Eurozone. [...]
Ruspetro IPO gets the nod January 17, 2012 THE Russian-based oil explorer Ruspetro became the first company in 2012 to get a London main market float off the ground yesterday as investors gave the thumbs-up to a $250m (£163m) fund-raising. Ruspetro priced the shares at 134p yesterday evening, towards the lower end of the range. But advisers said they were delighted with the [...]
Fitch worried on Russian politics January 16, 2012 Ratings agency Fitch revised Russia’s outlook to “stable” from “positive” yesterday. Rising “political uncertainty” and the global economic outlook were both blamed. “Political risk, reflected by poor governance indicators, is a long-standing weakness compared with most other triple-B rated countries,” Fitch announced. Such political worries increase the risk of capital flight, the agency claimed, which [...]
Fitch worried on Russian politics January 16, 2012 Ratings agency Fitch revised Russia’s outlook to “stable” from “positive” yesterday. Rising “political uncertainty” and the global economic outlook were both blamed. “Political risk, reflected by poor governance indicators, is a long-standing weakness compared with most other triple-B rated countries,” Fitch announced. Such political worries increase the risk of capital flight, the agency claimed, which [...]
BEST OF THE BROKERS January 16, 2012 FEDERAL GRID COMPANY (GDR) Goldman Sachs transfers its coverage of Russia’s largest electricity transmission company grid from the local stock exchange to its global depositary receipt listing in London, rating it as a “buy” with a target price of $7.50. The broker says news flow on Russian power utilities reached its most negative in autumn [...]
BEST OF THE BROKERS January 16, 2012 FEDERAL GRID COMPANY (GDR) Goldman Sachs transfers its coverage of Russia’s largest electricity transmission company grid from the local stock exchange to its global depositary receipt listing in London, rating it as a “buy” with a target price of $7.50. The broker says news flow on Russian power utilities reached its most negative in autumn [...]
CITY MOVES | WHO’S SWITCHING JOBS January 12, 2012 Association of British Insurers The ABI board has appointed Robert Talbut, chief investment officer of Royal London Asset Management, as chairman of the ABI investment committee. Previously the committee’s deputy chairman, he takes over from Alain Dromer, CEO of Aviva Investors. Talbut is a member of the Listing Authority advisory committee and an alternate on [...]