Latest News
Premier African Minerals nabs 4.5% stake in Casa Mining Ltd
Premier African Minerals Ltd has nabbed a 4. 5% stake in Mauritius-based Casa Mining Ltd, which holds prospective gold mining and exploration licences in the Democratic Republic of Congo.
FTSE 100 movers: Next gains on broker note; Burberry out of fashion
London’s FTSE 100 was up 1. 1% to 7,020. 85 in afternoon trade.
Rise of electric batteries casts shadow over oil companies, Fitch warns
Rapid improvements in battery technology are making electric vehicles (EVs) increasingly popular and casting a significant shadow over prospects for future oil demand, a major credit agency has warned.
Fund managers go for cash, amid stagflation and bond-crash worries, BofA says
Fund managers pushed their cash positions to their highest level since 11 September amid angst about possible stagflation and a bond crash, according to the results of a widely-followed survey.
US inflation rises in line with expectations in September
US inflation rose in line with expectations in September, driven by increases in housing and energy prices, official data showed on Tuesday.
BlackRock sees profits rise but revenue misses
US asset manager BlackRock reported a 3. 8% rise in profits on Tuesday before the opening bell.
Altria trims EPS forecast, boosts share buyback
Altria trimmed its full-year profit forecasts and announced a large increase in its share buyback authorisation.
Powerflute updates on recommended offer
Finnish packaging company Powerflute notes Nordic Packaging and Container (Finland) Holdings (Bidco) has received acceptances for about 152. 3m of its shares, or about 51. 1%, following its recommended offer.
Goldman Sachs beats expectations in Q3 earnings
US investment bank Goldman Sachs reported third quarter earnings on Tuesday which were above analyst estimates.
Doriemus acquisition bearing fruit at Isle of Wight
Oil and gas exploration and production investment company Doriemus was starting to see the fruits of its Angus Energy acquisition on Tuesday, as it confirmed that the UK Oil & Gas Authority executed the PEDL331 licence on 16 September.
Tethyan Resources reports 'highly encouraging results' at Serbia mines
AIM-listed miner Tethyan Resources’s reported “highly encouraging results” at its Serbia projects with potential for epithermal and porphyry copper, gold and polymetallic mineralisation.
MoneySwap to close e-wallet service
MoneySwap announced on Tuesday that it is to cease operating its e-wallet facility for individual clients.
Directa Plus granted two more patents
Graphene-based products producer Directa Plus announced on Tuesday that Ufficio Brevetti e Marchi - the Italian patent and trademark office - has granted a further two patents covering the company’s proprietary G+ manufacturing process.
Philip Morris third-quarter earnings beat forecasts
Tobacco company Philip Morris International reported net earnings for the third quarter to the end of September of $1. 94bn, up 0. 2% from the previous year, with earnings per share of $1. 25, flat on the year.
BP eyes break-even at oil prices slightly below $55/bbl - report
BP anticipates crude oil will trade in the range $50-$60 a barrel next year, said the company's chief executive, Bob Dudley.
Altona Energy joint venture finally applies for Arckaringa licence
Altona Energy posted an update to its Arckaringa Coal Chemical Joint Venture Company on Tuesday, following the July announcement that a petroleum exploration licence was required from the South Australian government before drilling could begin.
Chinese lending beats forecasts in September
Chinese lenders extended more loans in September than analysts had anticipated, but the figures masked a slight slowdown, according to economists.
BoE should raise interest rates or risk losing independence, says Hague
The Bank of England should raise interest rates or risk losing its independence, William Hague said on Tuesday.
K3 Business Technology appoints Robert Price CFO
AIM-listed K3 Business Technology appointed Robert Price as its new chief financial officer on Tuesday, the latest in a number of senior management changes.