Kazakhmys on track to meet high end of copper guidance October 24, 2013 FTSE 250-listed Kazakhmys’ share price rose over five per cent yesterday, after the miner said it was on track to meet full-year production targets for all metals. Copper output over the first nine months of 2013 increased by five per cent on the same period last year and the firm said it is on track [...]
ENRC proposes a quarantine for foreign listings in London October 23, 2013 MINING group ENRC has called for a quarantine period for foreign firms listing in London, to ensure companies have time to adjust to the UK’s stock market rules. ENRC, which has been beset with problems ranging from boardroom fallouts to a corruption investigation since it listed in 2007, complained that “the London commentariat” were unsympathetic [...]
Infinis to lure investors with £55m payout October 21, 2013 INFINIS Energy, the UK’s biggest independent wind power generator, yesterday unveiled plans to pay a healthy £55m maiden dividend to investors as part of its stock market flotation plans. The business, which is owned by Guy Hands’ private equity firm Terra Firma, is floating a third of the business on the London market next month [...]
Olisa set to run for alderman October 2, 2013 KEN Olisa, the business veteran who chairs Restoration Partners, has thrown his bow-tie in the ring for the forthcoming City of London alderman elections. Olisa, known for describing ENRC as “more Soviet than City” shortly after his ejection from the mining group’s board in 2011, will stand in the Ward of Farringdon Within in next [...]
ENRC steps up legal battle with former director September 17, 2013 ENRC’S legal battle with city veteran Sir Paul Judge took a new turn this week, when the troubled miner produced transcripts it claims prove the former director leaked price-sensitive and confidential information to a journalist. ENRC, which is due to delist after more than five years on the FTSE 100, sued Judge back in July, [...]
Bumi slips out of FTSE 250 after index kicks out troubled miner September 11, 2013 COALMINER Bumi yesterday slipped out of the FTSE 250 at the index’s quarterly review, bringing an end to a deeply unsuccessful spell in the top tiers of British business. The company will now became a member of the FTSE Small Cap index. Set up in 2010 by Nat Rothschild, Bumi has endured a turbulent existence [...]
Mike Ashley’s Sports Direct on track for FTSE 100 promotion September 8, 2013 THE FTSE 100 is set to become a more colourful place this week with Sports Direct – controlled by Newcastle United owner Mike Ashley – on track for promotion to Britain’s leading share index. Many pension funds that track the FTSE 100 will then be obliged to buy shares in the company, which has both [...]
Former GlaxoSmithKline boss to make return to public market September 8, 2013 A MEDICAL investment group chaired by the former boss of pharmaceuticals giant GlaxoSmithKline (GSK), Sir Richard Sykes, is due to float on London’s junior market next week. NetScientific, which funds and develops and healthcare technologies from universities in Britain and the UK, is seeking to raise £30m on Aim, with shares expected to start trading [...]
What the other papers say this morning – 04 September 2013 September 3, 2013 FINANCIAL TIMES City grandee countersues ENRC Sir Paul Judge, the City grandee and former board member of ENRC, is counter-suing the miner for alleged libel in the latest twist in the legal battle between the parties. Judge alleges that a press release published by ENRC in July stating that it was suing him for alleged [...]
ENRC endgame in sight as 95pc accept takeover August 29, 2013 THE CONSORTIUM bidding to take over troubled FTSE 100 miner ENRC yesterday said that the majority of shareholders had agreed to their offer, bringing the number of acceptances up to 94.5 per cent and effectively signalling that the deal will go through. The bidders – led by ENRC’s three billionaire founders – already have the support [...]