London Mining upbeat on output July 18, 2013 Iron ore miner London Mining said yesterday it expects 2013 production at the higher end of its previous forecast range of 3.3m to 3.6m dry metric tonnes, boosted by higher production at its Marampa mine in Sierra Leone. London Mining, one of the few junior iron ore companies currently producing in West Africa, maintained its [...]
Golden Saint lists on Aim today July 18, 2013 West African diamond and gold explorer Golden Saint Resources began trading on the junior stock market Aim today, having raised £3.5m through a share placement. The firm’s market value at the placing price of 10p per share on admission is around £42m. The proceeds raised will be part used to fund the planned exploration programme [...]
City Moves for 19 July 2013 | Who’s switching jobs July 18, 2013 AXA Real Estate The real estate investment management company has appointed Nathalie Charles as regional head of asset management and transactions for the southern region. She joins from EDF, where she was managing director of corporate real estate. Shawbrook Bank The bank has made three hires to its wholesale lending division. Kieran McSweeney, Marc Sefton and [...]
Fresh economic hopes fuel the FTSE’s late rally July 18, 2013 UK EQUITIES rallied firmly into the close yesterday as bullish economic data both here and in the US calmed fears that the global economy may not be ready for a wind down in stimulus. The FTSE 100 closed up 62.43 points or one per cent at 6,634.36, its highest close since 30 May, while Wall [...]
Bernanke and good earnings lift Wall Street July 18, 2013 THE DOW Jones and the S&P 500 closed at record highs yesterday after Morgan Stanley and others reported better-than-expected earnings and Federal Reserve chairman Ben Bernanke’s comments further reassured markets. Shares of Morgan Stanley jumped 4.4 per cent to $27.70, its highest close since April 2011, after the bank posted a 42 per cent increase in [...]
Best of the Brokers for 19 July 2013 July 18, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com SHELL Nomura reduces its rating on the oil company to “neutral” from “buy” and cuts its target price to 2,400p from 2,500p. The broker thinks it will be difficult for the shares to outperform during the second half of the year and will [...]
It’s official: US-style shale revolution could soon slash gas prices in Britain July 18, 2013 IT’S now official – shale production can cut gas prices. After months of the government tiptoeing around the issue, a report commissioned by the Department of Energy and Climate Change (DECC) provides evidence for the first time that a British version of the North American shale revolution could be around the corner. The numbers are [...]
The Long View: JK Rowling’s pseudonymous success is a triumph for democratic publishing July 18, 2013 I DON’T know why I’m bothering to write this. It’s not like Marc Sidwell is a pseudonym for JK Rowling. Few will have missed the recent overnight journey of Rowling’s pseudonymous crime book The Cuckoo’s Calling from bargain bin to the top of the bestseller lists once she was revealed as the author. Apparently not [...]
Blanket migration laws threaten the thriving Tech City startup scene July 18, 2013 LONDON has the potential to be one of the world’s leading technology hubs, and the startup scene is growing fast. Research from UHY Hacker Young, released this week, showed that Tech City was the UK’s biggest growth area for new businesses in the year to March 2013, with 15,720 new companies formed. In 2008, it [...]
Letters to the editor – 19/07 – UK universities, Public sector, Best of Twitter July 18, 2013 UK universities [Re: Our uniform universities restrict true competition in UK higher education, Monday] Martin Rees fails to mention private institutions. They do not draw on the public purse and often succeed in widening access where traditional universities fall short. Many who would otherwise fall through the system choose private institutions, but new restrictions mean [...]
