Sirius confident on test results March 12, 2012 Sirius Minerals, the company behind plans for a new potash mine in North Yorkshire, yesterday reported strong results from its testing. Chief executive Chris Fraser said: “These important results have confirmed the… world-class nature of the York Potash Project.”
Aminex pares back its losses March 12, 2012 Oil and gas group Aminex reported net losses of $900,000 (£576,000) for the year to the end of December – down from $4.5m in the previous year. It said gross revenues had risen to $9.3m, up from $7.1m in 2010, and total production in the US had increased by 62 per cent to 130,250 barrels [...]
Ferrex declares iron resource March 12, 2012 Aim-listed miner Ferrex yesterday declared a maiden Joint Ore Reserves Committee (Jorc) compliant resource of 139m tonnes at its Malelane iron ore project, in the Mpumalanga province of South Africa.
CITY MOVES | WHO’S SWITCHING JOBS March 12, 2012 Grainger Laure Duhot will be joining the UK’s largest listed residential property landlord in the new role of director of strategic capital markets. She will oversee Grainger’s evolving business strategy, with specific focus on the creation and management of new joint ventures, funds and strategic alliances. Duhot has worked extensively in investment banking and global [...]
BEST OF THE BROKERS March 12, 2012 CARNIVAL Investec held Carnival as a “buy” after it posted first quarter figures in line with estimates last week. The broker said underlying bookings are “buoyant” despite marketing being pulled for two weeks following the capsizing of the Costa Concordia, which killed at least 25 people. Fuel costs and foreign exchange rates have moved against Carnival, [...]
FTSE lifts as defensive gains offset miner and bank losses March 12, 2012 BRITAIN’S blue-chip index ended with a small gain yesterday, as profit-taking on mining companies and banks was offset by gains among defensive shares. The FTSE 100 index ended up 5.26 points, or 0.1 per cent, at 5,892.75, having traded 90 per cent of its 90-day volume average. The index only moved into positive territory late [...]
US stocks up ahead of Fed’s statement March 12, 2012 DEFENSIVE names rallied in an otherwise flat day for Wall Street yesterday as investors paused after recent gains and looked ahead to the Federal Reserve’s monetary policy statement. Investors will eye today’s statement from the US central bank’s Federal Open Market Committee to see whether the Fed will cool down expectations of more easing of [...]
A third runway at Heathrow isn’t enough. Let’s allow our regional airports to take off March 12, 2012 A WORLD-CLASS city deserves world-class aviation links. Without them, businesses and jobs will drift away. With its crowded airports, limited long-haul options and unreliable air services, London faces exactly this threat. Something needs to be done. For some, the answer is “Britain needs a bigger hub airport”. This ideology seeks to conflate concern about Britain’s [...]
Chief executives earn trust with honest answers March 12, 2012 WHEN Vincent de Rivaz, chief executive of EDF, recently gave an interview, he knew that trust in energy companies was at an all-time low. The interview was the perfect opportunity to start rebuilding it. So he mentioned “trust” – 61 times in fact – and little else. Unsurprisingly he was pilloried. EDF will wrongly blame [...]
Doing nothing is not a realistic policy option March 12, 2012 I AM a rare thing in UK academia – an Austrian school economist. Few understand what that really means. If you know the term, you may wonder why my columns aren’t shorter, since many caricature the Austrian economic position as an unbending “do nothing”. But this is misleading. For example, Austrian school economists tend to [...]
