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Oct 14, 2014

Oil producer Afren fires CEO, 3 other execs in scandal

Oct 14 (Reuters) – British oil and gas producer Afren Plc
sacked its chief executive, chief operating officer and
two associate directors after an independent review into
unauthorised payments found evidence of “gross misconduct”.

Shares in the company rose as much as 6.6 percent on Tuesday
morning, which an analyst said was mainly on the conclusion of
the review and that the incidents would not affect Afren’s
operations.

Aug 29, 2014

Afren shares drop after Kurdistan shutdown prompts production forecast cut

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
officer.

Aug 26, 2014

Petrofac forecast in doubt after first-half profit nearly halves

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
in May.

Aug 21, 2014

London Mining says Ebola outbreak could hit iron ore production

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, 2014

Engineering firm Amec cuts full-year sales growth forecast

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, 2014

Direct Line says in talks to sell German, Italian units

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.

Jul 31, 2014

Laird profit leaps as phone makers snap up electronics

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.

Jul 30, 2014

Lender IPF’s Spanish foray stokes concerns, shares fall

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
strongholds.

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.

Jul 17, 2014

London Mining boosts iron ore output in Sierra Leone

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.

Oct 23, 2012
via India Insight

Slayer extends its ‘reign in blood’ to Bangalore

Photo

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.

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      "Abhiram is a journalist for the Bangalore bureau -- sending out headline alerts for Indian, U.S., Canadian and Australian companies. He is also the only metal-head in the bureau."
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