Grant Thornton Quoted Company Awards: Best of small businesses celebrated in style January 28, 2015 The Natural History Museum last night provided the stunning backdrop to the 11th annual Grant Thornton Quoted Company Awards, hosted by Grant Thornton LLP and Vitesse Media. The always enjoyable event celebrates the best in small companies. For those that couldn’t make it, some of the winners were - Chairman of the Year: Malcolm Diamond, Trifast, [...]
Precious metals production dips at Antofagasta January 28, 2015 SHARES in Chile-based miner Antofagasta fell by 2.9 per cent yesterday after the company published its production update for the final quarter of 2014. Copper production in the fourth quarter was up 10.8 per cent compared with the third quarter. However, for the full year, copper production fell by 2.3 per cent from the result [...]
Anglo American warns declining commodity prices will hit results January 28, 2015 MULTINATIONAL mining firm Anglo American has warned that due to the weakened commodities market it is likely to incur a number of one-off charges in the 2014 financial year. The company’s share price increased by 2.3 per cent yesterday, after it reported increased production of iron ore, platinum and coal, although copper, nickel and diamonds [...]
Fresnillo gold output drops January 28, 2015 Mining company Fresnillo has reported a 2.4 per cent reduction in gold production for 2014, blaming a court-ordered stoppage of its operations at Soledad-Dipolos. Meanwhile, silver production increased by 4.9 per cent, boosted by the final three months of the year which saw production jump by 15.5 per cent compared with the same period of [...]
Global M&A up in renewables January 28, 2015 GLOBAL mergers and acquisitions value in the power and renewables sector increased by 70 per cent between 2013 and 2014, and is currently at the highest level seen in the current decade, according to new research from PwC. Total worldwide power and renewables deal value rose from $143.3bn (£94.4bn) to $243.1bn, the first time the [...]
Diamond deal for Paragon January 28, 2015 AIM-LISTED Paragon Diamonds has agreed a $12m (£7.9m) equity and debt financing package with International Triangle General Trading in order to fund production at the Lemphane Kimberlite pipe project which is in a location known for producing large, high value diamonds.
Shares slide at Chemical maker despite growth January 28, 2015 SPECIALIST chemicals firm Johnson Matthey had one of its poorest days on the London Stock Exchange in more than two years yesterday. Despite telling the market it expects profits to rise in full year profits, the update fell short of some expectations. It reported a one per cent gain in third-quarter earnings, the company said [...]
Exclusive: Taylor Wessing launching British tech network to spur US funding January 28, 2015 CITY law firm Taylor Wessing will tonight launch an invitation-only tech community aimed at linking the UK’s most promising high-growth firms with Taylor Wessing’s venture capital and private equity clients in the US and beyond. Taylor Wessing will announce the community, known as Tech Focus 100, during its annual tech predictions event this evening where [...]
City Moves for 29 January 2015 | Who’s switching jobs January 28, 2015 Octopus The fund manager has announced the appointment of Jose de Pablo as investment director to support its healthcare business. He joins from Colliers International, where he provided strategic and corporate finance advice to real estate funds, lenders and operators. Savills Mark Simms has been appointed director in the real estate adviser’s London-based retail team. [...]
Best of the Brokers for 29 January 2015 January 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com RIGHTMOVE Panmure Gordon moved the property website group from a “buy” to a “sell” rating, and stated that new competitor OnTheMarket could have the effect of cutting Rightmove’s total number of customers by three per cent. Rightmove’s dominant position is already priced in, Panmure [...]
