Sirius unveils York reserve estimate September 18, 2013 British potash miner Sirius Minerals yesterday confirmed a reserve of 250m tonnes from just a one per cent area of its York Potash Project, which will provide mine life for over 50 years. The news follows an announcement earlier this week that Aim-listed Sirius will not submit its planning documents for the project until July [...]
Ferrexpo buys stake in Brazil miner September 18, 2013 FTSE 250-listed iron ore miner Ferrexpo yesterday said it has bought a 14.4 per cent strategic stake in Brazil-focused iron ore producer Ferrous Resources for $80m (£50.3m). “The investment represents access to a good quality asset in a major iron ore producing region,” said Swiss-headquartered Ferrexpo. “Ferrous has all permits in place to expand output [...]
Fresnillo explosives ban to end in Oct September 18, 2013 FTSE 100 miner Fresnillo yesterday said it expects a temporary ban on using explosives at some of its mines in Mexico to be lifted next month. Fresnillo had reduced its full-year gold output guidance to 465,000 ounces following the ban and reiterates its guidance despite more mines being affected than expected. The company expects to [...]
City Moves for 19 September 2013 | Who’s switching jobs September 18, 2013 Baker & McKenzie The law firm has announced the appointment of Paul Hibbert as a partner in its London office. Hibbert specialises in acquisition and leverage finance. He joins from Clifford Chance, where he was a senior associate in its London banking practice. Deutsche Asset & Wealth Management The wealth management business has made two [...]
Best of the brokers for 19 September 2013 September 18, 2013 ASSOCIATED BRITISH FOODS Morgan Stanley has started covering the food-to-sugar conglomerate with an “overweight” rating and a target of 2,140p. The broker reckons ABF is one of the strongest growth firms in the European staple stocks, driven by Primark’s enormous sales increases. LEGAL & GENERAL Canaccord Genuity keeps its “hold” recommendation and raises its target [...]
London Report: Aberdeen drags down FTSE as downgrade hits September 18, 2013 THE UK’S top share index was led lower by Aberdeen Asset Management yesterday but stayed in the tight trading range set over the previous week as many traders opted to wait for a steer on US monetary policy. The blue-chip FTSE 100 closed down 0.2 per cent, or 11.35 points, at 6,558.82 points – towards [...]
New York Report: Fed’s surprise drives Wall St to record highs September 18, 2013 US stocks rallied to record highs yesterday after the Federal Reserve, in a surprise to markets, decided against scaling back a stimulus programme that has helped fuel Wall Street’s rally of more than 20 per cent this year. Stocks were lower before the announcement, but after the Fed announced it would continue buying bonds at [...]
Review: Splinter Cell Blacklist September 18, 2013 The latest installment in the long-running franchise reminds Steve Dinneen of his lost youth GAME Xbox 360, PS3, Wii U, PC Four stars WHEN I was a student I didn’t just play Splinter Cell; I made an art form of it. My flatmate and I completed the entire game in co-op mode without being spotted [...]
iOS7: Need to know September 18, 2013 LAST week, the world was abuzz with the unveiling of Apple’s iPhone 5S and 5C.If you’ve been sitting in a queue for one since Monday, you’ll know that the new models – out tomorrow – come preloaded with Apple’s newest mobile operating system iOS7.If you’ve been sitting on your sofa with a cup of tea [...]
App, app and away: the best going out apps September 18, 2013 Barchick barchick.com The logo may not suggest this is the most sophisticated app in the world but it’s actually pretty comprehensive. Those barchicks certainly get around. The search tool asks you to sort by area, then by what kind of boozer you’re after (options include “killer cocktails”, music, gay & lesbian and people watching, among [...]