Anglo Pacific falls to a loss August 29, 2013 Natural resources royalties company Anglo Pacific yesterday revealed its operating profits had fallen from £5.1m to £4.8m in the first six months of the year. The firm wrote off £34.3m of equity investments, sending it to a £30m loss for the period. APG acting chairman Brian Wides said: “The last six months have been a [...]
Soco reveals maiden dividend August 29, 2013 Soco International, the British oil exploration and production company focused on west Africa and Vietnam, unveiled its promised first payout to shareholders yesterday. Reporting record production for a third successive half-year, the company said it would pay 40p per share to shareholders by means of a special share scheme and target a future shareholder return [...]
City Moves for 30 August 2013 | Who’s switching jobs August 29, 2013 Alvarez & Marsal The professional services firm has announced the appointment of Keith Williamson as head of its global forensic and dispute team in Hong Kong and China. Williamson has over 18 years’ forensic and investigative accounting experience, and specialises in investigations into fraud, corruption and regulatory issues. He joined Alvarez & Marsal in 2011, having previously [...]
Best of the brokers for 30 August 2013 August 29, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com CHIME COMMUNICATIONS Numis Securities keeps a “buy” rating and target of 380p on the communications and sports marketing group following its interim results. The broker has shifted its earnings forecasts to reflect some later client spending, meaning it now expects £25.5m pre-tax profit [...]
London Report: Vodafone talks power rebound for FTSE shares August 29, 2013 BUMPER gains among telecom stocks powered a rebound in UK shares yesterday after Vodafone confirmed it was in talks with Verizon to sell out of its US joint venture. The FTSE 100 closed up 0.82 per cent, or 52.99 points at 6,483.05, bouncing back again after falls over the last two days. Vodafone jumped 8.2 [...]
New York Report: Stocks edge up despite worry over Syria plan August 29, 2013 US STOCKS closed modestly higher last night as the economy showed signs of improvement but uncertainty over possible military action against Syria continued to pressure markets. Talks that could lead to a major deal in which US phone company Verizon buys the part of Verizon Wireless it doesn’t already own from Vodafone helped push stocks [...]
Strikes on Syria may force the US and its allies into a war they will struggle to control August 29, 2013 DURING more than two years of conflict in Syria, Western countries have studiously avoided any direct participation in the fighting. Now, despite UK MPs’ vote against intervention last night, many nations (notably the US) remain on the verge of launching strikes against Syrian military targets following its regime’s apparent use of chemical weapons. But while [...]
The coalition must fight to defend performance-related pay for teachers August 29, 2013 PUPILS will return to school next week with the usual trepidation and excitement. But this year more than most, teachers may feel the same. From September, all schools will be able to link teachers’ pay more closely with performance. The government’s reform to pay will transform the market for teachers. Pay rises based on length [...]
Networks see more to 4G than travel games – despite limited roll out August 29, 2013 EE’S TEN-month monopoly on 4G in the UK came to an end yesterday, with Vodafone rolling out a competing network in London and O2 launching in the capital, plus Bradford and Leeds. These small-scale launches have been disappointing to many. But two factors underpin the operators’ abundance of caution: the expensive 3G debacle a decade [...]
Letters to the editor – 30/08 – Crisis in Syria, Best of Twitter August 29, 2013 Crisis in Syria [Re: We must accept our limited capacity to resolve conflict in tinderbox Syria, yesterday] Liam Fox makes some interesting points, but Iraq was an invasion and not an intervention. And not all interventions are bad things – the failure to act in both Rwanda and Bosnia comes to mind. Dean Miah This is [...]
