Expect England to be back on top at Chester-le-Street August 8, 2013 WILLIAM CHRIMES PREVIEWS THE FOURTH ASHES TEST AND BILL ESDAILE GIVES US HIS BEST RACING BETS ENGLAND’S 100 per cent record at Chester-le-Street makes them worthy favourites to land a third Investec Ashes victory to win the series with a Test to spare. Digging a little deeper into England’s four Test results at the Durham [...]
Randgold profit and sales fall on weak gold price August 7, 2013 FTSE 100-listed Randgold Resources’ share price fell over four per cent in early trading, after plunging gold prices caused the miner’s second quarter profits to fall by almost two thirds. Profit fell to $54.1m (£35m), down from $141m year-on-year and $81.6m quarter-on-quarter. Gold sales fell by 18 per cent from the previous quarter, due to a [...]
Tui Travel stock drops in spite of upbeat forecast August 7, 2013 TUI Travel, the world’s largest tour operator, saw shares slump yesterday, despite the group reporting it was “very confident” of growing profits by at least 10 per cent this financial year. Investec analyst James Hollins attributed the fall to profit taking, adding that Tui did not provide “the upgrades that some were looking for”. The [...]
Analyst Views: What was your reaction to Tui Travel’s third quarter statement? August 7, 2013 KARL BURNS PANMURE GORDON “Yesterday’s fall in share price was purely down to profit taking. Tui had fairly strong trading in the third quarter but perhaps not as strong as some were hoping for. With the tough comparatives in the fourth quarter and the good weather it means that the full year could be in-line [...]
The Square Mile sets sail for the Isle of Wight August 6, 2013 GLORIOUS Goodwood, Royal Ascot, Wimbledon and Henley Royal Regatta have all been and gone, so it was off to the Isle of Wight yesterday, for the last of the City summer sporting jollies. Aberdeen Asset Management’s Cowes Week means days of sailing and schmoozing down in the small town of Cowes, with the highlight of [...]
Gemfields output soars 42pc as auctions achieve record results August 5, 2013 AIM-LISTED Gemfields yesterday posted a 42 per cent increase in year-on-year gemstone production to 29.99m carats for the year ending 30 June. Quarterly production grew to 8.9m carats from 7.3m carats year-on-year. Chief executive Ian Harebottle said that the miner had achieved “record revenues” and “record per carat prices” at recent emerald auctions, which were [...]
Investec profits hit by Rand fall August 1, 2013 SOUTH African bank and asset manager Investec has seen its rise in profit wiped out by the dramatic depreciation of the rand. In the three months to the end of June, Investec said total operating income rose four per cent, but costs rose by the same amount wiping out any increase. The rand slumped by [...]
Exclusive: Barclays tries to avoid shocking markets again July 31, 2013 BARCLAYS is considering changing the way it reports capital and leverage ratios to match regulators’ calculations more, City A.M. has learned, after the authorities shocked markets with fears over the bank’s stability. The lender had been considered one of Britain’s safest major players, but this week was forced into a £5.8bn rights issue, as well [...]
Jitters over Google competition dent Moneysupermarket shares July 31, 2013 PRICE comparison firm Moneysupermarket.com saw its share price plummet over 14 per cent yesterday, after potential competition from Google spooked investors. Seeking a slice of the lucrative UK price comparison market, the search engine giant has changed its search functions, lowering Moneysupermarket’s placement in favour of Google’s comparison site. In its half-year results, Moneysupermarket blamed [...]
Production up at Antofagasta July 31, 2013 CHILEAN miner Antofagasta yesterday posted a 19.7 per cent increase in first-half gold production and an 8.4 per cent increase in first-half copper output, as it maintained its production guidance for the year. However copper and gold output fell in the second quarter compared to the first quarter, the FTSE 100 firm said. “On our [...]