Anglo settles its lawsuit and will sell Brazil mine September 25, 2013 FTSE 100-listed miner Anglo American yesterday said it has revised its sale agreement with Zamin Ferrous to sell its Amapa iron ore operation in Brazil, after a landslide in March that destroyed the mine’s infrastructure and killed six people. The firm had previously agreed to sell its 70 per cent stake in Amapa to international [...]
Marius Kloppers picks up £10m for his final year at BHP Billiton September 25, 2013 BHP BILLITON’S outgoing chief executive Marius Kloppers will take home $16m (£10m) in his last year working for the FTSE 100 mining giant, according to the annual report released yesterday. A swathe of management changes were made across the mining industry after the commodities boom ended and executives were blamed for their companies’ respective failures. [...]
Balfour Beatty wins Texas deal September 25, 2013 FTSE 250 infrastructure group Balfour Beatty yesterday said it has won a £125m contract to develop a second student accommodation project at a university in Texas. The project is a collaboration with Campus Solutions and Balfour’s US construction business. The new development will house around 4,000 beds in apartment and residence hall designs, as well as [...]
Kentz signs Middle East contracts September 25, 2013 Construction firm Kentz yesterday said it has been awarded two engineering, procurement and construction contracts in the Middle East, valued at around $18m (£11.2m) in total. The FTSE 250-listed firm has secured a repeat contract with Abu Dhabi Gas Industries to replace its control system in the onshore oil fields of Habshan [in Abu Dhabi] [...]
Caroline Lucas charged over protest September 25, 2013 Green party MP Caroline Lucas has been charged with public order offences after being arrested during the anti-fracking demonstrations at shale gas explorer Cuadrilla’s drilling site in Balcombe, West Sussex last month, the Crown Prosecution Service said yesterday. “I firmly believe in the right to peaceful protest and remain deeply concerned about the impact of [...]
City Moves for 26 September 2013 | Who’s switching jobs September 25, 2013 Macquarie The financial services group has recruited Jeremy Dibb as a senior analyst in its metals & mining equity research team for Europe, the Middle East and Africa. Dibb was most recently at Canaccord Genuity, where he was a director in its metals and mining research team. Royal Bank of Canada Capital Markets RBC’s corporate and [...]
Alibaba looks to US after Hong Kong talks end September 25, 2013 CHINESE e-commerce giant Alibaba Group Holding Ltd will pursue an initial public offering (IPO) in the US after talks with Hong Kong regulators broke down, a move bound to set off a dogfight between the two main US stock boards for the offering. The loss of the sale, which bankers have estimated to be worth [...]
British boom in online shopping delivers revenue rise for UK Mail September 25, 2013 DELIVERY COMPANY UK Mail said a boom in online shopping has helped its sales beat forecasts in the six months to the end of September. UK Mail said parcel volumes were 25 per cent ahead of the same time last year, as internet orders helped the firm diversify away from its traditional business-to-business deliveries. The [...]
National Express pens contract to run two German train routes September 25, 2013 NATIONAL Express is exporting the British rail experience to two train routes in North Rhine Westphalia, signing contracts yesterday in what the UK ambassador to Germany described as “a proud day for British business”. The company will run the regional services for 15 years from 2015 under the contract, taking over from incumbent state-owned operator [...]
Airbus signs a trio of passenger plane deals with Asian airlines September 25, 2013 PLANE maker Airbus has scored a hat-trick of lucrative orders from buyers in Asia, the firm announced yesterday. Vietnamese low-cost carrier VietJet yesterday said it plans to buy up to 92 Airbus planes, worth about $8.6bn (£5.35bn) at list prices, between 2014 and 2022. The agreement with EADS-owned Airbus was part of a raft of [...]
