News And Announcements
ASOS warns full-year sales growth will be at bottom end of guidance
Shares in fashion retailer ASOS tumbled on Thursday as it warned that full-year sales growth would be "towards the lower end" of its previous guidance for between 25% and 30%, but analysts argued that the drop in the share price was a good buying opportunity.
Rio Tinto to sell interest in Grasberg mine for $3.5bn
Rio Tinto has agreed to sell its stake in the Grasberg copper mine to Indonesia’s state mining company PT Inalum for $3. 5bn.
Caledonia's Blanket Mine keeps company on track for 2018
Caledonia Mining Corporation announced quarterly gold production from the Blanket Mine in Zimbabwe for the period ended 30 June on Thursday, with approximately 12,657 ounces of gold produced during the quarter - 2% below production in the first quarter, and 1% above production in the second quarter of 2017.
Price point a strength in London, Telford Homes tells shareholders
Investors in London-focussed residential property developer Telford Homes were told that the company was continuing to perform “well” on Thursday, as they gathered for its annual general meeting.
Dunelm profits fall 7% but underlying margins improve
Dunelm reported flat like-for-like revenues and a large pile of unsold clearance stock in the fourth quarter, meaning the homewares retailer expects full year underlying profit to fall almost 7%.