ENRC pledges more transparency June 12, 2012 ENRC investors approved all resolutions at the mining group’s shareholder meeting yesterday, as the firm promised a simpler and more transparent structure. New chairman Mehmet Dalman said this would include streamlining an African structure that has ENRC controlling its operations through several holding companies with shareholders who are not fully disclosed.
ENRC warns of slowdown May 10, 2012 Kazakh mining group ENRC warned yesterday that revenue decreased “significantly” in the first quarter compared to a bumper three months a year ago, hit by a drop in prices for the commodities it sells, especially iron ore, and weaker production volumes. The miner said it expects cost pressures to continue and unit costs to rise [...]
Late rally sees FTSE 100 hit a five-year high February 13, 2013 THE FTSE 100 staged a late rally yesterday when shorts got squeezed by the continued resilience of the market on the back of rising investor confidence. Britain’s top share index closed up 20.73 points, or 0.3 per cent, at 6,359.11, and touched an intraday high of 6,384.70 – its highest in five years. The index, [...]
Fund managers help FTSE 100 edge up again February 6, 2013 THE FTSE 100 nudged into positive territory yesterday on a strong showing from asset managers following robust results from Hargreaves Lansdown, which outweighed declines in energy stocks. The FTSE 100 closed up 12.58 points, or 0.2 per cent, at 6,295.34, having risen 0.6 per cent the previous session after suffering its sharpest one-day percentage drop [...]
Best of the Brokers November 19, 2012 AVEVA Panmure has cut its target price on the software group to 1838p from 1948p and kept its “hold” rating, after last week’s interim results caused the broker to trim its expectations slightly. BLINKX After last week’s strong interim results from the video streaming firm, Canaccord Genuity has a “buy” rating and target price of [...]
Best of the Brokers November 19, 2012 AVEVA Panmure has cut its target price on the software group to 1838p from 1948p and kept its “hold” rating, after last week’s interim results caused the broker to trim its expectations slightly. BLINKX After last week’s strong interim results from the video streaming firm, Canaccord Genuity has a “buy” rating and target price of [...]
FTSE 100 down on Italian uncertainty December 10, 2012 Concerns over the health of the Eurozone weighed on the blue chip index this morning, following Italian Prime Minister Mario Monti’s announcement that he intends to resign after the 2013 budget is approved. The FTSE 100 was trading 0.2 per cent down in early trading, led down by insurer Aviva and miner Eurasian Natural Resources, [...]
FTSE 100 boosted by Chinese manufacturing figures December 3, 2012 The FTSE was up in early trading as investors responded positively to Chinese manufacturing figures. Meanwhile the equivalent UK figures, released this morning, show that British manufacturing activity shrank much less than expected in November. Despite this, concerns over the US “fiscal cliff” – a combination of US government spending cuts and tax rises due [...]
FTSE flat as Tullow Oil sinks December 11, 2012 The blue chip index was broadly flat in early trading this morning, as explorer Tullow Oil, which this morning said it was to acquire a Norwegian exploration company and dispose of its North Sea operations, dropped almost five per cent. Miners ENRC and Kazakhmys dropped 2.64 per cent and 1.86 per cent respectively on the [...]
Kazakhstan’s Kcell says City is a key IPO hub November 13, 2012 VEYSEL Aral, the chief executive of Kazakhstan’s largest mobile telephone operator, Kcell, said yesterday his group was planning a public listed offering in London because the UK capital had a “sophisticated investor base” and was a “key hub for emerging markets companies”. Kcell’s decision to list its shares here and in Kazakhstan is a boost [...]