Petropavlovsk gold sales surge amid boardroom strife July 23, 2020 Gold miner Petropavlovsk said that total sales had risen 39 per cent in the first half of the year despite an ongoing battle for control of the Russia-focused firm’s board. Shares shot up over 20 per cent on the back of the results, which the firm said was down to the performance of a new [...]
Kibo Energy subsidiary seeks London IPO by end of the year July 23, 2020 Sloane Developments, the UK-based subsidiary of Irish firm Kibo Energy, is seeking a London IPO by the end of the financial year. The company, which will change its name to Mast Energy Developments (MED), is aiming for admission to the London Stock Exchange’s standard list. MED’s IPO is just the second floatation to be announced [...]
Johnson Matthey banks on second half after sales drop July 23, 2020 Catalytic converter maker Johnson Matthey said that its first half performance had been “materially below” last year’s due to the coronavirus pandemic. The FTSE 100 firm said that a fall in sales in its clean air division as a result of lower demand and temporary shutdowns was the main cause of the decline. In a [...]
Daimler sets sights on profit after sales slump due to coronavirus July 23, 2020 German car giant Daimler said it expected profit to rebound in the second half of the year even as it reported a 34 per cent fall in vehicle sales due to coronavirus. In total, the Mercedes-Benz owner said vehicle sales in the second quarter totalled 541,800, down from 821,700 in the same period last year. [...]
G4S shares surge as outsourcer beats first half expectations July 23, 2020 Outsourcing giant G4S said that it had beaten its first half expectations for profit after a solid performance by its core security division. Shares in the firm rose 6.2 per cent as markets opened this morning. The figures Profit at the firm fell 4.6 per cent over the period, down from £196m last year to [...]
BA pilots urged to accept pay cuts by union to save jobs July 23, 2020 Pilots union Balpa has advised members at British Airways (BA) to accept conditions that might avert 1,255 job losses, saying the new deal is “the best that can be achieved in the circumstances”. The union has been in negotiations with the UK’s flag carrier for almost three months, and said it was devastated that there [...]
Qatar Airways sues Arab states for $5bn over airspace blockade July 22, 2020 Qatar Airways is seeking $5bn in compensation from four Arab states which have prevented it from using their airspace since 2017. Saudi Arabia, the UAE, Bahrain and Egypt have since June that year implemented an air, sea and land blockade on the Gulf nation over accusations that it supports terrorist activity. Qatar denies the claims, [...]
TfL stops 30,000 commuters not wearing face masks July 22, 2020 Transport for London enforcement officers have so far stopped 33,500 people from getting on public transport unless they put on face masks, according to the latest figures. A further 1,983 people were prevented from boarding services without masks, while 475 people were ejected from modes of transport. From those who were not able to get [...]
Crossrail set for further delays and cost increases due to coronavirus July 22, 2020 The long-awaited Crossrail transport project will face further delays and additional costs due to the coronavirus pandemic, London mayor Sadiq Khan has said. Much of the work on the huge rail project had to be suspended in the spring due to safety concerns over working in confined spaces. Speaking to the transport select committee this [...]
Sadiq Khan suggests London tax autonomy in new TfL bailout deal July 22, 2020 London mayor Sadiq Khan has suggested that the government should consider giving the capital freedom to spend its own tax takings to fund Transport for London (TfL). Speaking to the parliamentary transport select committee this morning, Khan said that one of the options for the future funding of the embattled operator should be “proper fiscal [...]
