Halma raises payout as profit grows 14 per cent November 19, 2019 Halma, the global life-saving technology company, increased its interim dividend today on the back of record first half results. Read more: Lidl brings hourly pay rate in line with living wage The figures The FTSE 100 company saw revenue grow 12 per cent to £653.7m, up from £585.5m in the same period in 2018. A [...]
Nostrum blames difficult year as revenue falls 20 per cent November 19, 2019 Nostrum, which focuses on oil and gas production in the Caspian basin, blamed a “very challenging” year as revenue dropped around 20 per cent. Despite the news, shares rose over three per cent this morning. The figures Revenue for the first nine months of this year was $250.3m (£193.5m) in 2019, down from $311.4m in [...]
Fox tries to trademark “OK, Boomer” for a new television show November 19, 2019 Fox has become the latest firm to attempt to trademark the phrase “OK, Boomer”, a way of mocking older generations for being out of touch. The US network filed an application for its use for a television show on 11 November, which was shared on Twitter by American trademark attorney Joshua Gerben. Read more: Trump [...]
Equiniti shares slump as earnings set for bottom end of guidance November 19, 2019 Equiniti, the British-based financial services business, saw it shares fall over 10 per cent this morning after it announced that its full year earnings would be towards the lower end of market expectations. Read more: FTSE 100 rallies on trader optimism over US China deal In a trading update, the company said earnings for the [...]
UK tops G20 for decarbonisation rate but it won’t be enough November 19, 2019 The UK has the fastest decarbonisation rate of the G20 countries since 2000, according to PwC’s low carbon economy index, which was released this morning. However, the UK’s annual rate of 3.7 per cent is well short of the 9.7 per cent that is required if the UK is to achieve its 2050 net zero [...]
Corporate sponsors review links to Duke of York’s Pitch@Palace scheme after disastrous interview November 18, 2019 FIRMS are under scrutiny over their support for Prince Andrew’s Pitch@Palace initiative, as the fallout from the Duke of York’s weekend interview regarding his relationship with convicted sex offender Jeffrey Epstein continues. Founding partner of the entrepreneurs’ mentoring scheme KPMG is said to have decided not to renew its sponsorship, which expired at the end of last month. It [...]
Diamond in a rough year: Petra sells blue gem for $14.9m November 18, 2019 Petra Diamonds has sold a 20.08 carat blue diamond found at South Africa’s famous Cullinan mine for $14.9m (£11.49m). The company said that this was equivalent to roughly $741,000 per carat. Read more: Petra loses its sparkle as annual profits plunge It added that the buyer was a leading diamond company that wished to remain [...]
Jadestone Energy shares soar on the back of New Zealand purchase November 18, 2019 Singapore-headquarted Jadestone Energy today agreed to buy a 69 per cent stake in New Zealand’s Maari project oil field for $50m (£38.6m). The London-listed firm’s shares jumped at the announcement, rising 17.8 per cent on Monday. Read more: Shell picks Citi bank for $1bn sale of Egyptian oil assets Jadestone, which focuses on oil and [...]
Saudi Aramco bets on local demand as it cancels European IPO roadshow November 18, 2019 Saudi Aramco this morning cancelled plans for its European roadshow for its long-delayed initial public offering (IPO), a day after doing the same for investor meetings in the US and Asia. The decision, which was reported by the Financial Times, means that shares will not be formally marketed outside of the Gulf. Read more: Saudi [...]
Barrick agrees sale of super pit as it begins $1.5bn asset disposal November 18, 2019 Barrick Gold, one of the world’s largest mining corporations, has begun the disposal of $1.5bn (£1.2bn) of its non-core assets by agreeing to sell its 50 per cent stake in Australia’s Kalgoorlie mine for $750m. The so-called “Super Pit”, located in the renowned golden mile region of Western Australia, will be bought by Saracen Mineral [...]
