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Randgold Resources has signed a definitive agreement with to sell its entire interest in the Kiaka gold project in Burkina Faso to Toronto-listed Volta Resources for C$4m cash and 20m shares in Volta.
Hardy Underwriting Bermuda and Arab Insurance Group (Arig) have formed Hardy Arig Insurance Management a joint venture company based in Bahrain and owned equally by Hardy and Arig. It will develop reinsurance business primarily from the Middle East and North Af ...
Round-up: Randgold, Hardy Underwriting, Old Mutual, Services Office
Randgold Resources has signed a definitive agreement with to sell its entire interest in the Kiaka gold project in Burkina Faso to Toronto-listed Volta Resources for C$4m cash and 20m shares in Volta.
Hardy Underwriting Bermuda and Arab Insurance Group (Arig) have formed Hardy Arig Insurance Management a joint venture company based in Bahrain and owned equally by Hardy and Arig. It will develop reinsurance business primarily from the Middle East and North Af ...
Mining and property stocks have sparked another strong morning for the FTSE 100 index.
Miners Fresnillo, Kazakhmys, Vedanta, Anglo American, Xstrata and Antofagasta are leading the way.
Property stocks are lifted by a positive note on the sector from Evolution Securities, which has upped its ratings for British Land, Liberty International and Segro.
National Express chugs higher after it confirmed it is considering a merger proposal from rival bus an ...
US paper round-up: Galleon, General Electric, Vivendi
The criminal insider trading case against billionaire investor Raj Rajaratnam and his Galleon hedge funds represents a significant ramping up of the US commitment to tackle market abuse, says the Financial Times.
Court documents in the case claim to reveal extensive use of confidential witnesses and the first wiretaps in an insider dealing case. Such tactics are reminiscent of the full-bore approach the US has long used to tackle mobsters and drug gangs but ...
1200: Bookmaker William Hill and bus and rail operator National Express are vying for top spot in the FTSE 250, the former after reporting good volumes of business, the latter after saying it is considering a possible merger proposal from rival bus and train group Stagecoach. In the FTSE 100, miners still dominate the risers, with silver specialist Fresnillo the biggest riser. FTSE 100 up 64 at 5,255.
1015: Footsie remains buoyant as miners climb higher. Mex ...
One of JJB's largest shareholders, Crystal Amber Fund, has effectively halved its stake in the struggling sportswear retailer.
Ahead of a placing that will raise £100m, Crystal sold 22m shares at 32.6p, compared to a price of 22.43p per share when they were acquired between April and June. The profit on the deal is £2.2m or 45% on the original investment.
Crystal, which JJB had said was fully committed to its fund raising plans, added it has co ...
Insurance group Standard Life has announced that its finance director David Nish is to succeed Sir Sandy Crombie as chief executive.
Nish joined Standard Life on November 1 2006, having held senior positions at Scottish Power.
'I am immensely proud of what our organisation has achieved over the past few years and I am excited to be given the opportunity to lead Standard Life,' Nish said.
'We have built a strong, resilient and successful business.'
N ...
Shares in Senior rallied after the aerospace and auto parts supplier said a stronger than expected third quarter contribution from its Flexonics division means that results for the full year are now expected to be towards the top end of current market forecasts.
Overall, trading during the third quarter was healthy with the adjusted profit before tax coming in ahead of the boards expectations.
Senior said it also continued to benefit from actions taken by ...
Mining and property stocks lead the way as the market sets about recovering Friday's chunky losses.
Rising metal prices boost demand for miners such as Fresnillo, Kazakhmys, Vedanta, Anglo American, Xstrata and Antofagasta, while property stocks are lifted by a positive note on the sector from Evolution Securities, which has upped its ratings for British Land, Liberty International and Segro.
National Express chugs higher after it confirmed it is consider ...
Asking prices for homes in Britain rose by 2.8%, the largest rise seen during October in 6 years, according to property website Rightmove.
As well as the largest rise seen in October since 2003, 2.8% is the biggest rise measured in any month since February 2008's 3.2%.
On a year-on-year basis, the average asking price is 0.2% higher at £230,184. Asking prices in London, meanwhile, soared 6.5% to £461,157 in the four weeks to 10 October.
'The ...
