Persimmon says government scheme is boosting enquiries April 19, 2012 PERSIMMON yesterday said it enjoyed a strong start to the year, with the government’s NewBuy scheme helping boost demand during the spring selling season. The housebuilder, whose brands include Charles Church and Westbury, said it continued to outperform, with visitor levels to its sites over the first 15 weeks of 2012 up 10 per cent [...]
ANALYST VIEWS HOW DOES PERSIMMON COMPARE TO ITS PEERS IN THE SECTOR? April 19, 2012 CHARLIE CAMPBELL LIBERUM A positive trading update from Persimmon, saying that its private sales rates (per site) are up 20 per cent in the year to date, compared to a 22 per cent rise at the end of February, which is helpful for the sector, but NewBuy appears to have got off to a slow [...]
New markets push SABMiller revenues up April 19, 2012 PERONI beer sales helped SABMiller’s volumes grow eight per cent in the UK, offsetting a one per cent decline across Europe. The brewing giant behind Miller Lite and Grolsch grew revenues seven per cent in the year to 31 March, boosted by strong performances in emerging markets. Lager sales in Latin America increased by eight [...]
Anglo buoyed by copper lift April 19, 2012 MINER Anglo American posted a jump in quarterly production of iron ore and copper yesterday. Iron ore production, a key plank of the miner’s growth strategy, was up 17 per cent to 11.7m tonnes in the three months to the end of March, compared with the same quarter last year when heavy rains in the [...]
International Power revenues grow on emerging markets April 19, 2012 INTERNATIONAL Power yesterday said sales in the three months to the end of March rose five per cent helped by a strong performance in emerging markets, putting it on track for further growth this year. Sales for the quarter to 31 March rose to €4.3bn (€3.5bn) the company said. A slight drop in North America, [...]
Argentina eyes up more Repsol businesses as criticism mounts April 19, 2012 ARGENTINA wants to take an even bigger chunk of Repsol YPF’s operations in the country including its gas arm, it revealed yesterday in an official decree. As the World Bank threw its weight behind growing global criticism of the renationalisation plans, the government said it aims to use its self-declared powers to seize Repsol YPF [...]
Shell examines $4bn worth of Nigerian work April 19, 2012 ROYAL Dutch Shell is assessing projects that could be worth around $4bn (£2.5bn) to boost oil production in Nigeria and cut flaring of associated natural gas. Chief executive Peter Voser said the projects should be completed by 2015. Oil companies such as Shell have been criticised for flaring gas instead of trapping it to sell [...]
INDIA TESTS LONG-RANGE MISSILES April 19, 2012 INDIA successfully test-fired a long-range missile comparable to those owned by China, the US and Britain yesterday. The missile, capable of reaching Beijing, reflects the country’s ambitions of playing a larger role on the world stage to match the power of its rapidly growing economy.
RusPetro trebles revenues April 19, 2012 RusPetro, an independent Russian oil company that raised $240m (£149m) when it floated in London in January, more than trebled revenue and cut core losses in 2011 as it expanded its reserves base and boosted output. Its loss before interest, taxation, depreciation and amortisation narrowed to $5.5m from $6.3m the previous year, on revenue up [...]
Talvivaara warns of losses April 19, 2012 Finnish miner Talvivaara warned of an operating loss for the first quarter yesterday and said its annual nickel production would be at the low end of its forecast range after a new recycling system and a fatal accident at a plant hurt output. The company reiterated its 2012 nickel production forecast of 25,000 to 30,000 [...]
