Standard Chartered earns 5.9m pounds worth of shares
16th Mar 2012 16:28
Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San
Read moreAvocet Mining beats production expectations
26th Jan 2012 13:14
West African gold exploration and mining company Avocet revealed that gold production from the Inata Gold mine was ahead of year guidance at 166,744 ounces, compared to expectations of 160-165,000. During the fourth quarter, the mine produced 46,102 ounces, compared to 33,256 ounces in the previou
Read moreElektron chairman swoops after profit warning
22nd Nov 2011 14:30
Shares in instrumentation and electronics supplier Elektron took a tumble last Thursday following a profts warning, and have continued falling since, prompting company chairman Keith Daley to whip out his cheque-book and snap up some cut-price shares. Daley, who has been a shareholder in Elektron s
Read moreUPDATE: Wednesday broker round-up
2nd Nov 2011 09:51
G4S: Credit Suisse upgrades from neutral to outperform, target raised from 240p to 285p. Standard Chartered: Evolution Securities downgrades from buy to neutral, target unchanged at 1,800p. Standard Chartered: Nomura maintains buy rating and 1,800p target. Next: Investec places 2,350p target unde
Read moreUPDATE: Friday broker round-up
28th Oct 2011 09:13
HSBC/Standard Chartered: Citi chief economist William Buiter argues today that: "World trade is set for a prolonged boom and a marked transformation. Transaction banking and trade finance should track the direction of trade and economic growth in the long term. (...) Standard Chartered and HSBC shou
Read moreAvocet offloads more South East Asian assets
7th Sep 2011 13:07
AIM-listed gold miner Avocet Mining has completed the sale of two more assets in South East Asia, as its disposal programme to exit the region nears conclusion. PT Avocet Mining Services and Avocet Mining (Malaysia) were sold for a total of $11m, resulting in a pre-tax gain of around $4.5m (to be i
Read moreBroker tips: Whitbread, SuperGroup, Avocet
7th Sep 2011 12:43
Evolution Securities has confirmed its buy rating on coffee shop, restaurant and hotel owner Whitbread, saying that while the UK consumer outlook may be uncertain, "there is no evidence of the malaise affecting Whitbread". "This good performance is driven by product innovation, staffing to ensure m
Read moreBroker snap: Avocet remains a top pick for Ambrian
7th Sep 2011 12:42
After factoring in higher gold prices and a recent sale, Ambrian has raised the target price for AIM-listed gold miner Avocet Mining and confirmed a buy rating. The firm announced on Wenesday that it has completed the sale of two more South East Asian assets for $11m, resulting in a pre-tax gain of
Read moreLondon close: Higher finish for FTSE 100
22nd Aug 2011 16:35
The FTSE 100 quickly snapped out of its poor start to finish with gains, though these were somewhat off earlier highs following the start of trading on Wall Street. Gold producers such as Randgold Resources and Petropavlovsk were driven higher by rising prices for the precious metal. Oilfield serv
Read moreLondon midday: Stocks post big gains as miners advance
22nd Aug 2011 12:11
Despite a faltering start, the FTSE 100 is now posting near triple-digit gains with resource stocks in particular posting big gains. A surging gold price, which stands just below the $1,900 level drives FTSE 100 miner Randgold Resources to the top of the pile. Oilfield services group Petrofac was
Read moreMining Round-up: Avocet, North River, Solomon, Ariana
22nd Aug 2011 09:45
The resource estimate at gold miner Avocet's Inata mine license area in Burkina Faso has been upped by 59% to 3.36m ounces. The figure includes measured, indicated and inferred resources. "The growth of the Inata Mineral Resource surpasses our expectations and supports our view that the Inata gold
Read moreAvocet rockets as Asian assets sales go through
27th Jun 2011 12:03
Gold miner Avocet Mining said it has completed the sale of the majority of its south-east Asian assets, including the sale of its 100% interest in Penjom gold mine in Malaysia, for about $170m. The sale is a part of the $200m sale agreement announced on 24 December 2010. Avocet Mining said it has
Read moreTuesday tips round-up: Charter, Bodycote, Halfords...
21st Jun 2011 06:47
When Charter International put out a statement yesterday that, although one side of the business accounting for about a third of sales was doing really quite well, the rest had suffered a bit of a slowdown, almost a third of the company's market cap disappeared and the shares ended off 179p at 537¾p
Read moreLabour problems cause delays for Avocet
20th Jun 2011 13:24
Gold miner Avocet Mining reported better-than-expected drilling results from its flagship Inata gold mine in Burkina Faso, but revealed that its drilling programme was not completed following a labour dispute with employees. The "large volume of significant results" received so far indicates the Mi
Read moreCluff Gold latest to suffer labour dispute
6th Jun 2011 11:33
Cluff Gold has confirmed that 'an illegal labour dispute' has interrupted production at its Kalsaka mine in Burkina Faso. The West African focused-gold miner is the latest in a string of African mining firms to have faced industrial unrest by staff recently. In May Eastern Platinum said its flagsh
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