Petra Diamonds miners strike October 3, 2012 A strike continued at Petra Diamonds’ Kimberley Underground mine yesterday, as a number of diamond miners remained on strike. It is understood that the strikes are related to wage demands, and the company is talking to the National Union of Mineworkers. FTSE 250-listed Petra Diamonds employs around 570 employees at the South African Kimberley Underground [...]
Shell opens Russia lubricants plant October 3, 2012 Shell yesterday opened a new lubricants blending plant in the Tver region north-west of Moscow, the first to be built by an international oil company in Russia. The new plant will supply a range of finished consumer, transport and industrial lubricants, blending up to 200m litres a year and creating 150 Russian jobs when at [...]
BG Group offloads Indian asset October 3, 2012 BG Group yesterday sold its interest in India’s Gujarat Gas Company for 24.6bn Indian rupees (£293m) to GSPC Distribution Networks, a Gujarat subsidiary. BG Asia Pacific Holdings will sell 65.12 per cent of its interest in the Indian company, the country’s largest private sector natural gas distribution company. The transaction will complete during the first [...]
Who’s switching jobs October 3, 2012 Pioneer Investments Jonathan May has been appointed head of institutional business development, UK at the investment management group. He joins from Aviva Investors, where he was been head of global consultant relations. May has 20 years’ experience in the industry, and has also held senior positions at Fidelity International. Marex Spectron The commodities-focused financial products [...]
Best of the Brokers October 3, 2012 RBS Investec has changed its rating from “sell” to “hold”. It said the stock appeared overpriced following a slow return on earnings recovery. The stock now has a target price of 255p CAPITA Shore Capital has retained its “sell” rating on the firm after Capita lost a contract from the Criminal Records Bureau, previously delivering [...]
Popularity of defensive stocks sees FTSE rise but Spanish fears remain October 3, 2012 BRITAIN’S benchmark share index rose yesterday, driven by gains in “defensive” stocks seen as the most resilient to an economic downturn, although traders said concerns over Spain’s debt crisis could limit gains. The blue-chip FTSE 100 index closed up 0.3 per cent, or 16.36 points higher, at 5,825.81 points. Increases in heavyweight “defensive” stocks such [...]
HP weighs on Wall St despite strong data October 3, 2012 WALL Street ended modestly higher yesterday on stronger-than-expected US labor and service-sector data, but the Dow industrials were hobbled by a slide in Hewlett-Packard. Shares of Hewlett-Packard dropped sharply after the company warned yesterday of a darker outlook for 2013 earnings, reflecting slow progress on CEO Meg Whitman’s turnaround plan while technology spending sputters and [...]
Bould calls for Arsenal to keep improving after win October 3, 2012 CHAMPIONS LEAGUE ARSENAL 3 vs OLYMPIAKOS 1 ARSENAL assistant manager Steve Bould last night demanded his side remain focused on qualifying for the knockout stages of the Champions League after they laboured to a victory over Olympiakos that took them to the top of Group B. After Kostas Mitroglou’s powerful header had cancelled out Gervinho’s [...]
Balotelli saves City at the death October 3, 2012 CHAMPIONS LEAGUE MANCHESTER CITY 1 vs BORUSSIA DORTMUND 1 MANCHESTER City striker Mario Balotelli last night scored an audaciously-confident late penalty to rescue his side from a second loss from two Champions League fixtures. The charismatic Italian casually stroked his 90th-minute effort into the back of the net after Neven Subotic’s handball had given them [...]
Botham: Pietersen issue should not have rumbled on like this October 3, 2012 FORMER England captain Sir Ian Botham has insisted that the proposed return of Kevin Pietersen to the national side is likely to be a difficult process. The controversial batsman yesterday signed a new four-month contract with England having agreed to undergo a “reintegration” period after being dropped from selection for critical text messages about then-captain [...]
