BANGALORE/LONDON, Aug 29 (Reuters) – Oil explorer Afren
slashed its full-year production forecast by 20 percent
on Friday after counting its losses from the shutdown of
operations in Iraqi Kurdistan, dragging its shares to their
lowest level in more than 2-1/2 years.
The forecast cut came a day after the company suspended two
senior employees as part of an investigation into the alleged
receipt of “unauthorised payments” that had already lead to the
temporary suspension of its chief executive and chief operating
Aug 26 (Reuters) – British oil and gas services company
Petrofac Ltd reported a steeper-than-expected fall in
first-half profit, raising concerns that it might not meet its
full-year earnings forecast.
Petrofac’s shares fell as much as 3.5 percent on Tuesday
after the company said first-half profit almost halved, hurt by
slow progress at some of its projects – a warning it had issued
Aug 21 (Reuters) – London Mining Plc, whose only
operating mine is in Sierra Leone, reported a first-half loss
due to a drop in iron ore prices and said the outbreak of the
deadly Ebola virus across West Africa could hurt production in
the second half.
The company’s shares fell as much as 19 percent to 32.50
pence on morning trading, making them the biggest percentage
loser on the London Stock Exchange on Thursday.
Aug 7 (Reuters) – Amec Plc, a British engineering
and project management firm, cut its revenue growth forecast for
this year as customers cut back on oil and gas exploration.
Amec’s shares fell as much as 3.3 percent after it reported
a 30 percent fall in first-half profit as a stronger pound
overshadowed an increase in orders.
Aug 1 (Reuters) – Direct Line Insurance Group,
Britain’s largest motor insurer, is in talks with “a number of
parties” to sell its businesses in Germany and Italy, the
company said on Friday.
Sources told Reuters last month that Direct Line was in
advanced talks with at least four suitors to sell the
businesses. One of the sources said they had a combined value of
about $500 million.
July 31 (Reuters) – Laird Plc posted a 57 percent
rise in first-half pretax profit, driven by strong demand for
products that improve mobile signal clarity and prevent
smartphones from overheating.
The company’s shares rose more than 7 percent to rank among
the top percentage gainers on the FTSE-250 index.
July 30 (Reuters) – Consumer credit provider International
Personal Finance Plc said it was expanding into Spain,
where it may take longer to break even than its eastern European
Shares of the FTSE-250 company, which provides small
personal loans in eastern Europe and Mexico, fell as much as 3.9
percent on Wednesday to 563 pence on the London Stock Exchange.
July 17 (Reuters) – London Mining Plc raised
quarterly production at its iron ore mine in Sierra Leone after
upgrading a processing plant and said it expected to find a
strategic partner by the end of the year.
Iron ore production at the Marampa mine rose 21 percent in
the second quarter. London Mining stood by its full-year 2014
production target of 4.9 million to 5.4 million wet tonnes of
iron ore concentrate.
Bangalore houses what might be an outsize share of India’s metal heads, so it’s appropriate that this was the city that thrash metal band Slayer picked for their first show in India. The band played in one of the city’s outlying suburbs, and drew a crowd from all over, including Vietnam, as they played a set list that stretched back through albums such as “Reign in Blood,” to “Show No Mercy,” their debut album from 1983.
“The special part for me is we’ve never played India. So we can pretty much play anything we’ve ever played,” guitarist Kerry King said at a press conference for the event.
April 23 (Reuters) – Canadian miner Baja Mining Corp
said its copper-cobalt-zinc project in Mexico overshot
its budget by about 22 percent, mainly because of design changes
and higher steel and fuel costs.
The company’s shares fell as much as 38 percent to a near
three-year low of 56 Canadian cents on Monday on the Toronto
Stock Exchange. The stock was one of the biggest percentage
losers on the exchange.