African Barrick transfers asset February 4, 2014 African Barrick Gold, the FTSE 250-listed miner, said yesterday that it has completed the transfer of the Tulawaka project and certain exploration licences to Stamico, the Tanzanian state mining company. Stamico will take ownership and management of the rehabilitation fund established as part of the closure plan for that mine. As a result ABG has [...]
Kirkland Lake Gold cuts costs February 4, 2014 Kirkland Lake Gold, the Aim-listed gold miner, yesterday said that it has seen operational improvements for the third quarter of its fiscal year 2014, as it cuts costs. It has slashed its workforce and is now mining higher grade ore but less tons, which it says will cut the cost per ounce of gold. “Work [...]
Chip king ARM hurt by phone sales slowdown February 4, 2014 BRITISH chip designer ARM said a slowdown in demand for Apple and Samsung smartphones was behind a smaller than expected rise in fourth-quarter royalty revenues. ARM, whose technology is in nearly every smartphone, reported processor royalties of £80.8m, up seven per cent, but shy of analyst forecasts of £84.5m. Shares in ARM closed down six [...]
Trinity boosted by better than expected Christmas advertising February 4, 2014 TRINITY Mirror saw its share price jump 4.4 per cent yesterday after announcing its 2013 profit would beat market forecasts after better than expected trading in November and December. Shares in Trinity closed at 183.25p yesterday, despite the firm also stating it would expect two additional impairment charges of a combined £925m for assets and [...]
Walker Greenbank positive as profit set to exceed expectation February 4, 2014 WALKER Greenbank group says it expects to exceed the expectations of analysts when it releases its annual accounts in April. The luxury furnishings group which owns brands including Sanderson, Harlequin, Zoffany, Morris & Co and Scion said a strong second half to 2013 meant pre-tax profit would be higher than first thought, up 3.4 per [...]
TalkTalk customer base hits 4m as it signs new Sky Sports deal February 4, 2014 TALKTALK will begin offering its customers £9.99 pay-per-day access to Sky’s sport channels as part of a new three year wholesale deal with the satellite broadcaster. The deal was announced along with TalkTalk’s third quarter results which showed a 5.1 per cent year-on-year increase in revenue to £436m, and 175,000 new TV customers during the [...]
Electrocomponents suffers after US growth hurt by poor weather February 4, 2014 BRITISH electronic parts supplier Electrocomponents saw its shares dive 4.86 per cent after it said its north American sales growth had been hurt by freezing weather conditions in December and January yesterday. The FTSE 250 firm sells and distributes electronic components and reported underlying sales growth of two per cent during the four months to [...]
Real Good Food Company struck by slump in sugar prices in EU February 4, 2014 INGREDIENTS supplier The Real Good Food Company said trading had been mixed in the third quarter of the year as strong earnings across three of its businesses was offset by a “dramatic” fall in sugar prices in the European Union. Executive chairman Pieter Totte said market conditions had been challenging and that its specialist sugar [...]
Young now save more pay than boomer parents February 4, 2014 YOUNG people are saving more of their income than their parents’ generation, while baby boomers are most likely to save nothing at all. According to figures revealed today by GE Capital Direct, people aged 18 to 24 manage to save 30 per cent of their monthly income, with savings of 22 per cent for people [...]
Shop prices still dropping with fastest fall on record reported February 4, 2014 JANUARY was the ninth straight month of shop price deflation in the UK, with prices falling at the fastest rate ever recorded by the British Retail Consortium (BRC) and Nielsen. Shop prices dipped by one per cent in the year to January, driven by a 2.7 per cent fall in non-food prices. The drop in [...]
