• Petropavlovsk $POG +8.4% 39% INCREASE IN TOTAL FY 2019 GOLD SALES TO 514.0KOZ FY 2018: 369.6KOZ 2020 GOLD PRODUCTION IS EXPECTED TO RANGE FROM 620KOZ TO 720KOZ Link
    David Madden Thu 23 Jan 2020 10:00

    Jan 23 (Reuters) - Russian gold miner Petropavlovsk:

    * 39% INCREASE IN TOTAL FY 2019 GOLD SALES TO 514.0KOZ (FY 2018: 369.6KOZ

    * GOLD SALES FROM THIRD-PARTY CONCENTRATES TOTALLED 42.4KOZ FOR FY 2019

    * 2020 GOLD PRODUCTION IS EXPECTED TO RANGE FROM 620KOZ TO 720KOZ, INCLUDING THIRD-PARTY CONCENTRATE PROCESSING

    * 2020 CAPEX: US$65 MLN - US$75 MLN

    * CONSTRUCTION OF NEW FLOTATION FACILITY AT PIONEER REMAINS ON SCHEDULE FOR THE PLANT TO BE FULLY OPERATIONAL IN Q4 2020

    Source text for Eikon: nRSW6556Aa]

    Further company coverage: (Gdansk Newsroom)

  • RT @DeItaOne: CHINA TRANSPORT MINISTRY SAYS SUSPENDS SHUTTLE BUSES, FERRIES INTO WUHAN DUE TO NEW CORONAVIRUS OUTBREAK
    David Madden Thu 23 Jan 2020 08:30
  • ASOS. $ASC At constant exchange rates, group sales were up 20 per cent in the four months to December 31, against analyst expectations of around 15 per cent. Link
    David Madden Thu 23 Jan 2020 08:20
  • Renault shares are down 3.9% following a downgrade by Citigroup to ‘sell’ from ‘neutral’. Citigroup cut their price target to €30 from €52. Barclays cut their price target for the stock to €45 from €59 $RNO
    David Madden Thu 23 Jan 2020 08:15
  • ASOS shares are up in excess of 6% following solid Christmas performance $ASC
    David Madden Thu 23 Jan 2020 08:10
  • RT @BBCBreaking: Wuhan, a Chinese city of nearly 9m people, is to temporarily shut public transport amid a virus outbreak https://t.co/5UoO…
    David Madden Wed 22 Jan 2020 19:15
  • RT @DeItaOne: CHINA'S WUHAN SUSPENDS OUTBOUND FLIGHTS, RAIL SERVICES: CCTV
    David Madden Wed 22 Jan 2020 19:00
  • FTSE 100 hurt by sterling’s strength, Netflix dips Link $TSLA $BRBY $USDCAD $GBPUSD $NFLX $IBM
    David Madden Wed 22 Jan 2020 17:00

    Sterling’s strength has hit the FTSE 100. 

    Europe

    The push higher in the pound has dented the London benchmark as the international nature of the index means a more expensive pound impacts revenues from overseas. Traders are now factoring in a roughly 50% possibility of an interest rate cut from the Bank of England this month, but keep in mind the probability was roughly 70% recently. A better-than-expected update from the CBI helped the pound, and in turn hurt the FTSE 100. Continental European stocks are showing small loss too as some nerves exist in relation to the coronavirus situation.   

    Mike Coupe, the CEO of Sainsbury’s, announced his plans to step down from the top job in May, and retire from the group in July. Mr Coupe has been at the helm for nearly six years and under his leadership the firm pivoted within the retail sector by acquiring Argos, but he tried to merge the group with Asda – which was blocked...

  • RT @LiveSquawk: BoC's Poloz: ‘Door Is Obviously Open’ To Rate Cut - Calculations On Possible Rate Cut Are Data Dependent - Current Rates Ar…
    David Madden Wed 22 Jan 2020 17:00
  • US existing home sales (December): 3.6% vs 1.3% forecast, prior -1.7%
    David Madden Wed 22 Jan 2020 15:10
  • BoC cuts Q4 annualised growth forecast to 0.3% from 1.3% in October, sees Q1 annualised growth at 1.3% BoC: Global economy shows some signs of stabilisation, adds there remains a high degree of uncertainty
    David Madden Wed 22 Jan 2020 15:05
  • Bank of Canada rate decision: 1.75% vs 1.75% expected, prior 1.75%
    David Madden Wed 22 Jan 2020 15:05
  • Canada CPI (December): 2.2% vs 2.2% expected, prior 2.2% Canada BoC core CPI (December): 1.7% , prior 1.9%
    David Madden Wed 22 Jan 2020 13:35
  • RT @guardian: Terry Jones, Monty Python founder and Life of Brian director, dies aged 77 Link
    David Madden Wed 22 Jan 2020 13:25

    Terry Jones, founder member of Monty Python and director of three of Python’s celebrated feature films, has died aged 77, his family have announced. In a statement they said: “Terry passed away on the evening of 21 January 2020 at the age of 77 with his wife Anna Soderstrom by his side after a long, extremely brave but always good humoured battle with a rare form of dementia, FTD.”

    “Over the past few days his wife, children, extended family and many close friends have been constantly with Terry as he gently slipped away at his home in North London. We have all lost a kind, funny, warm, creative and truly loving man whose uncompromising individuality, relentless intellect and extraordinary humour has given pleasure to countless millions across six decades.”

    In 2016, Jones and his family revealed he had been diagnosed with frontotemporal dementia a year earlier, and he became a public face of the illness – appearing at a Bafta Cymru awards...

  • Copper has pulled back but will the wider bullish trend continue? Link
    David Madden Wed 22 Jan 2020 13:20

    David discusses the move lower in the metal talks about the possibility of the positive move continue. Get the latest daily analysis on key markets such as US 30, UK 100, Germany 30, Japan 225, USD/JPY, EUR/USD, GBP/USD, Brent and West Texas Crude Oil and Gold via our CMC TV playlist.CMC Markets is a global leader in online trading, offering spread betting and contracts for difference (CFDs). Learn how to spread bet and trade CFDs with our trading strategy videos. Trade thousands of financial markets, including forex, indices, cryptocurrencies, commodities, shares and treasuries.Website: http://www.cmcmarkets.com/en-gb/This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment...

  • UK CBI industrial order expectations (January): -22 vs -23 expected, prior -28
    David Madden Wed 22 Jan 2020 11:04
  • RT @DeItaOne: U.S. TREASURY SECRETARY MNUCHIN SAYS TRADE AGREEMENT WITH UK PRIORITY FOR 2020 - CNBC INTERVIEW
    David Madden Wed 22 Jan 2020 10:04
  • RT @DeItaOne: MNUCHIN SAYS PHASE II CHINA TRADE DEAL CAN BE DONE BEFORE OR AFTER ELECTION
    David Madden Wed 22 Jan 2020 09:59
  • RT @spectatorindex: BREAKING: Hong Kong reports first case of the new strand of coronavirus
    David Madden Wed 22 Jan 2020 09:39
  • UK public net borrowing (December):£4.04 billion vs £4.6 billion expected, prior £4.19 billion (revised from £4.87 billion)
    David Madden Wed 22 Jan 2020 09:34
  • Ted Baker warns £58m accounting hole is three times bigger than first thought Link $TED -9%
    David Madden Wed 22 Jan 2020 08:59

    The top brass at Ted Baker have said that a major accounting blunder is almost three times as bad as they first thought, after auditors ripped apart the company’s stock assessment.

    Auditors at Deloitte found that the value of Ted Baker’s stock inventory was overstated by £58 million, after a torrid year for the luxury fashion retailer.

    It is a huge increase on the company’s first estimates of between £20 million and £25 million late last year.

    The news shows that the investigation is largely completed, said Liberum analysts Wayne Brown and Adam Tomlinson.

  • Burberry’s share price dips post third-quarter numbers Link $BRBY -3.7%
    David Madden Wed 22 Jan 2020 08:54

    The Burberry share price has dipped on the back of the third-quarter update. The fashion house confirmed that comparable sales increased by 3%, topping forecasts. The sales growth was driven by full price sales. It is not uncommon for firms to lower prices in a bid to get stock out the door, so it is encouraging to see that Burberry’s revenue rise was largely fuelled by full price sales.

  • China health concerns hangs over markets, sterling lifted by jobs report Link $GBPUSD $USDCAD $SPX $HAL $NFLX
    David Madden Tue 21 Jan 2020 17:14

    Stock markets are mostly showing modest losses as we approach the close of trading. 

    Europe

    The declines that were posted in Asia overnight impacted sentiment in Europe. Traders are fearful about the possibility of a new coronavirus in China. Comparisons are being drawn with the SARS crisis, which is why dealers are cutting their exposure to equity markets. There has been an absence of positive macroeconomic news in the past 48 hours in Europe, so the bears are currently winning out.  

    EasyJet shares have bucked the industry trend thanks to the quarterly update.  In the three month period, the company said the revenue per passenger metric rose by 9.7%, revenue from ancillary services jumped by 10.8%. The air fare sector is competitive, and it has been a common theme of airlines to derive more revenue from ancillary services. EasyJet said the first-half loss would not be as steep as the £275 million loss posted in the...

  • So it doesn't just move one way? Interesting... Link
    David Madden Tue 21 Jan 2020 14:44

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • RT @DeItaOne: TRUMP SAYS 'ABSOLUTELY SERIOUS' ABOUT IMPOSING TARIFFS ON EUROPEAN CARS IF HE CAN'T STRIKE DEAL WITH EUROPE
    David Madden Tue 21 Jan 2020 14:39
S&P500
VIX
Eurostoxx50
FTSE100
Nikkei 225
TNX (UST10y)
EURUSD
GBPUSD
USDJPY
BTCUSD
Gold spot
Brent
Copper
Last update . Delayed by 15 mins. Prices from Yahoo!