Centamin drops on fuel subsidy fears
28th Mar 2012 10:12
Gold miner, Centamin Egypt, has begun construction on an extension of its main asset, the Sukari mine in Egypt's Eastern Desert. The company says one of the crucial factors in the future efficiency of the "stage 4" extension will be the the mix between surface and underground ore delivered to the p
Read moreLondon midday: Financials provide a drag, Chinese data disappoints
12th Mar 2012 12:10
- Chinese deficit figures disappoint. - Eurogroup meet in Brussels to sign off on Greek bailout. - Former RBS directors sued. Some disappointing economic data from China took the shine off a better-than-expected US jobs report on Friday, as the Footsie opened the week on a dull note with stocks sli
Read moreLondon open: Stocks flat after Chinese data
12th Mar 2012 08:34
- China in net deficit in January and February combined - Glencore eyeing up Viterra - Temenos drops out of the running for Misys The Footsie opened flat on Monday after some disappointing economic data from China was weighing on financials and resource stocks. Chinese economic indicators out over
Read moreLondon pre-open: Shares to fall as further Fed support looking unlikely
12th Mar 2012 07:24
City sources predict the FTSE 100 will open down 12 points from Friday's close of 5,887, as the US Federal Reserve is now not expected to provide further support at its policy meeting tomorrow after last week's data revealed yet another surge in job numbers. The merger discussions between financi
Read moreCentamin resumes production at Sukari, output guidance unchanged
12th Mar 2012 07:03
Egypt-focused gold miner Centamin has resumed work at its flagship Sukari Gold Mine following last week's labour unrest which brought operations to a standstill. The stoppage was a result of a breakdown in ongoing discussions over salary increases and other benefits with some miners, the group said
Read moreLondon close: Footsie drops nearly 2 percent on Greek worries
6th Mar 2012 16:57
- Uncertainties surrounding Greek debt-swap participation. - Oil falls as EU restarts talks with Iran. - Polymetal tumbles after UBS downgrade. Global stock markets tanked on Tuesday on the back of speculation that the Greek debt-swap may not receive as many acceptances as hoped for. The miners wer
Read moreFTSE 250 movers: Cape unveils cracking first year on the index
6th Mar 2012 15:29
Cape, the services firm focused on the commodities sector, soared into the top spot after reporting record revenues in its first year on the FTSE 250. Heading in the other direction was gold miner Centamin which said labour unrest has brought operations at its Sukari mine to a standstill. In a sta
Read moreLabour unrest hits Centamin's Sukari mine
6th Mar 2012 11:50
The workforce issues faced by gold miner Centamin appear to be growing worse; the Egypt-based company says labour unrest has brought operations at its Sukari mine to a standstill. In a statement released this morning Centmain says: "...the illegal unrest and work stoppage commenced as a result of a
Read moreLondon midday: Greek default fears fuel sell-off
6th Mar 2012 11:24
- IIF warns of fall-out in case of Greek default. - Polymetal leads miners lower, Fresnillo bucks trend after results. - Centamin plummets after halting operations at Sukari. The FTSE 100 was trading over a whole percentage point lower by midday as Greek default fears rattled the markets just two d
Read moreCentamin supports Nyota fund raising
3rd Feb 2012 07:38
Gold miner Centamin has upped its stake in Nyota Minerals after agreeing to buy 67m new shares in the AIM-listed gold mining company. Nyota, a gold exploration and development company focused on East Africa, has raised £9.66m through a placing of 161m new shares at 6p per share. The purchase of 67
Read moreFTSE 250 movers: BTG on the up after trial success
30th Jan 2012 13:35
Healthcare firm BTG was on the up after successfully completing the first phase of the US-based trial of Varisolve, a varicose vein treatment. Casinos group Rank was also higher after confirming speculation that it is in talks with Gala Coral about the potential acquisition of Gala's casino busine
Read moreLondon midday: Stocks fall ahead of EU summit
30th Jan 2012 11:55
London's blue chip index had fallen close to its lowest levels of the day by lunchtime ahead of the EU summit in Brussels. Meanwhile, markets were still digesting the downgrade of five Eurozone nations on Friday and the talks between the Greek government and private creditors that are still ongoing.
Read moreLondon open: Banks weigh on Footsie lower early on
30th Jan 2012 08:18
The FTSE 100 slipped towards the 5,700 level in early trade, with the banks providing a drag as investors digested the downgrade of five Eurozone nations and the ongoing talks in Greece. Fitch announced late on Friday to downgrade the ratings of five Eurozone nations - Italy, Spain, Belgium, Cyprus
Read moreCentamin doubles profits after record quarter
30th Jan 2012 07:53
Egypt-focused gold miner Centamin achieved a record quarter of gold production in the last three months of the financial year, helped by higher output at its flagship Sukari mine and lower operating costs. "With expanding production, increasing resources and reserves and a robust balance sheet, we
Read moreFTSE 250 movers: Renishaw in top spot
25th Jan 2012 14:01
Renishaw, the measurement and medical device manufacturer, surged into the top spot on news the firm's revenues rose 11% in the first half. Geographically, revenue in Europe increased by 25% over the comparable period and the Americas were ahead by 23%. Bookshop and newsagent chain WH Smith was als
Read more