What the other papers say this morning – 31 March 2014 March 31, 2014 FINANCIAL TIMES SocGen accused over Libya deals The Libyan Investment Authority has accused Société Générale of helping to funnel bribes worth tens of millions of dollars to close associates of Saif al-Islam, the son of former Libyan leader Muammer Gaddafi. The claim was made in a $1.5bn lawsuit filed against the French bank in London’s [...]
The UK’s 50 biggest companies that still have all-male boards March 26, 2014 UK companies are closing in on a government target to see women in 25 per cent of FTSE 100 board positions. That's according to the 2014 Cranfield Female FTSE board report, which shows that just 48 more women are needed on the boards of Britain's top companies for the target to be met. Just two [...]
Women now make up one fifth of top UK boardrooms March 25, 2014 THE NUMBER of women in Britain’s biggest company boardrooms now stands at more than 20 per cent, with just 48 more women needed on FTSE 100 boards before the government’s 25 per cent target is met. Women now make up 20.7 per cent of all FTSE 100 boards, according to the latest Cranfield Female FTSE board report, leaving [...]
Glencore chief Glasenberg took no bonus or pay rise last year March 18, 2014 GLENCORE Xstrata’s chief executive Ivan Glasenberg took no bonus or pay rise last year, having waived his bonus entitlement for 2013 and 2014. In its annual accounts, the newly-merged commodities trader showed that he could have taken up to £3.5m dependent on hitting performance targets, but he decided to take his basic salary and pension [...]
London Report: Weak China figures prompt FTSE to fall to three-week low March 10, 2014 BRITAIN’S top equity index fell to its lowest closing level since mid-February yesterday, dragged down by major mining stocks and telecoms group Vodafone. The blue-chip FTSE 100 index closed down by 0.4 per cent, or 23.22 points, at 6,689.45 points – marking its lowest closing level since it ended at 6,663.62 points on 14 February. [...]
Miners take a tumble as China’s credit growth slows even more March 10, 2014 Weak trading data from China – exports unexpectedly fell 18.1 per cent in February from a year earlier, and imports rose 10.1 per cent – has hit miners this morning. BHP Billiton’s down almost two per cent, with Anglo American and Glencore Xstrata both down over one per cent, and Rio Tinto down almost one [...]
Glencore beats forecasts with £7.9bn earnings March 4, 2014 INTEGRATED miner-trader Glencore Xstrata yesterday pleased investors and analysts with consensus-busting earnings, in its first full-year results since the completion of its merger. Adjusted earnings of $13.1bn (£7.86bn) were flat but beat company-compiled estimates by seven per cent and Barclays forecasts by five per cent. Core profit from Glencore’s trading arm rose 17 per cent, [...]
London Report: FTSE reverses losses as crisis in Crimea eases March 4, 2014 THE UK’S top share index rebounded from two-week lows yesterday, recouping its losses in the previous session, with the perception that tensions between Russia and Ukraine were easing and robust earnings boosting investors’ risk appetite. However, investors remained cautious in placing strong bets on the sustainability of the share rally, given that Russia and the [...]
Glencore Xstrata upbeat about 2014 after 2013’s weaker prices March 4, 2014 Glencore Xstrata has confirmed that it saw broad production growth over 2013. Copper increased 26 per cent, despite a reasonably challenging year for the metal, and reported revenue rose nine per cent to an astonishing $233bn last year. On a pro forma basis, revenue crept up just one per cent to £239bn, showing that, like others, the [...]
What you need to know before the open March 4, 2014 Russia’s stock market has jumped five per cent this morning, a rebound from yesterday’s catastrophic fall of over 10 per cent. The rebound could be a response to reports that Russian troops have been ordered back to their bases, which also mean European markets should open higher this morning. The US has suspended military relations [...]