Miners rise on China stats despite lingering euro fear January 17, 2012 BRITAIN’S top shares rose yesterday, aided by mining stocks after data from top metals consumer China eased worries over the demand picture, although fears of a Greek default kept a lid on the gains. The UK benchmark closed up 36.51 points, or 0.7 per cent, at 5,693.95, having earlier baulked just above the near-term 5,720 [...]
Wall Street’s rally leaves Citi behind January 17, 2012 US stocks advanced yesterday, pushing the S&P 500 to its highest since early August, but sharply pared gains late in the session as Citigroup’s steep drop in profit gave investors a reason to unload bank shares. The financial sector, which has outperformed the broader market so far this year, took a hit on investors’ disappointment [...]
Rio Tinto output is hit by China fears January 17, 2012 LONDON-LISTED miner Rio Tinto yesterday reported almost flat iron ore production growth for the fourth quarter, weaker than some market expectations amid concerns that Chinese demand is softening. The company reported a three per cent rise in output between the third and fourth quarters of 2011, down from growth of nearly double that at the [...]
Afren finds oil in offshore Nigeria well discovery January 17, 2012 BRITISH energy explorer Afren found oil at one of its wells off the coast of Nigeria, and said it planned to drill another well in offshore Ghana later this month. Afren, whose main producing fields are in Nigeria but owns assets across Africa, said it found 549 feet of net oil pay – the zone [...]
British support for nuclear energy returns to its pre-Fukushima high January 17, 2012 BRITISH support for nuclear energy is at an all-time high as the nation’s collective consciousness moves away from Japan’s Fukushima disaster. According to research by Ipsos MORI, the dip in favourable attitudes towards nuclear power seen in surveys in June 2011 was “no more than a temporary blip”, and backing for a nuclear programme is [...]
Centamin sees production rise January 17, 2012 Gold producer Centamin has posted a 10 per cent rise in fourth-quarter output, boosted by higher production rates at its flagship Sukari project. Egypt-focused Centamin was hit in the second quarter by local restrictions on blasting, which, along with supply disruptions in the first quarter, forced the company to reduce its 2011 production guidance to [...]
Nighthawk makes £2.9m placing January 17, 2012 US-focused oil firm Nighthawk has raised around £2.9m by selling new shares to investors. The 115.7m new shares have been placed with institutional and other investors at 2.5p per share, a 7.5 per cent discount to Monday’s share price. The sale is part of a wider fundraising effort as Nighthawk works on a deal to [...]
Thomas Cook: The company taking visitors to the Olympics since 1896 January 17, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES Q. WHAT WAS YOUR BRAND’S PRIMARY REASON FOR BEING INVOLVED WITH THE GAMES? A. Thomas Cook actually took customers from Britain to the first modern Olympics in Athens in 1896, and passengers from all over the UK to the 1908 and 1948 London Olympics, so we’ve got a [...]
Tracking money laundering matters: But don’t cast too wide the webs of suspicion January 17, 2012 I WOULD like to introduce you to Alyssa Thomas, a 6-year old girl from Ohio. She was placed on the terror watch list, causing airport havoc whenever her family would fly. How does a 6-year old end up in the terrorist watch list? When her father was asked by news reporters “What could she possibly [...]
Tech innovations herald a better educated future January 17, 2012 AN EDUCATION technology (edtech) revolution is taking place that’s changing the way the next generation learns. Although some are fearful of the disruption – not least teachers – integrating technology into education has the potential to unleash young people’s talents more effectively than ever before. This isn’t about training children to give PowerPoint presentations – [...]
