By: Courtney Goldsmith

I am a journalist for City A.M. reporting on the energy and mining sectors. I also keep an eye on the pharmaceuticals sector and cryptocurrencies. Email: courtney.goldsmith@cityam.com

All 563 Articles

Anglo American will resume dividend payments and slow asset sales as it returns to profit

February 21, 2017

Anglo American is back in the black with its first profit in years due to rebounding commodity prices. The global mining giant also confirmed today it will resume dividend payments by the end of 2017. The figures For the full-year, the miner posted profit before tax of $2.6bn (£2.1bn) up from a loss of $5.5bn the previous year while [...]
BHP Billiton swings back to profit on strong commodity prices and boosts its interim dividend

February 21, 2017

Global mining giant BHP Billiton today revealed a boost to its interim dividend after posting a swing back to profit due to higher iron ore prices. The figures For the six months to 31 December 2016, BHP Billiton said it made an attributable profit of $3.2bn (£2.6bn), up from a loss of $5.7bn the previous year. Underlying earnings before interest, tax, depreciation and [...]
Toshiba is looking to raise £7bn from the sale of its memory chip business

February 21, 2017

Toshiba's shares dipped again today as it prepares to raise at least 1 trillion yen (£7.1bn) from the sale of its flash memory chip business, a source told Reuters. The embattled Japanese firm is working to fill a multi-billion pound hole in its US nuclear business by selling a majority stake or even all of its prized memory chip [...]
S&P Global Platts is overhauling its Brent oil benchmark for the first time since 2007

February 20, 2017

S&P Global Platts' Brent oil assessment is set to be revamped for the first time in a decade to address the falling supply underpinning the benchmark that prices most of the world's oil. The oil pricing agency said it will add Norway's Troll crude to the four British and Norwegian crudes it already uses to assess dated [...]
After delaying an auction due to the demonetisation policy in India, Gemfields sees full year earnings slipping

February 20, 2017

Gemfields today said its decision to delay an emerald auction because of India's demonetisation programme will drag down full-year revenue and core earnings. Shares in the precious stone miner, which is listed on the Alternative Investment Market (Aim), fell as much as 7.9 per cent to 46.5p this morning. The Indian demonetisation programme, which has hurt smaller [...]
Vedanta’s revenue has ballooned as commodity prices increase

February 20, 2017

India-focused mining, oil and power firm Vedanta Resources said revenue increased over its third quarter as a result of higher commodity prices and production volumes. The figures The firm's revenue increased 26 per cent to $3.07bn (£2.46bn) in the third quarter, while earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 79 per cent to $882.3m from $493.6m the previous year. However, revenue [...]
Interserve shares are hurtling on the soaring cost of exiting its energy-from-waste business

February 20, 2017

Interserve's share price has fallen more than 26 per cent after the firm said it will more than double the expected charge for exiting its energy-from-waste business to about £160m. After a review of operational developments and the impact of a "lengthy period of litigation", the British support services and construction group said its original provision of [...]
Despite sparkling results, Petra Diamonds warns it will be at the low end of its production target

February 20, 2017

The recovering global diamond market helped Petra Diamonds return to net profit in the first half of the year, but the group is "mindful" its production results could be at the bottom end of forecasts. The figures The diamond and gemstone producer said revenue increased 48 per cent to $228.5m (£183.8m) from $154m, while net profit after tax [...]
Alibaba pursues a tie-up with bricks-and-mortar group Bailian

February 20, 2017

Alibaba has joined with retail conglomerate Bailian Group in a bid to extend its presence in bricks-and-mortar retail as online growth slows. The Chinese tech giant, which has an active user base of around 500m, formed the strategic partnership just after purchasing of a stake in retailer Suning Commerce Group and planning to take a controlling [...]
London’s T-charge, which will affect up to 10,000 high pollution vehicles, will be introduced in October

February 17, 2017

Take a deep breath – or don't… yet. There's going to be a new emissions charge in the City starting 23 October. London mayor Sadiq Khan today confirmed his plans for a £10 emissions surcharge, or T-charge, on older polluting vehicles in the city centre. Khan announced the news on the 14th anniversary of London's congestion charge, [...]

Exclusive: RPC to lose Mike Ashley’s ‘rainmaker’ lawyer

Former Six Nations stadium to become 50,000-seat football arena

Valentine’s Day: Fancy a romantic bowl of chocolate spaghetti?

By: Courtney Goldsmith

All 563 Articles

Subscribe