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)
Sterling’s strength has hit the FTSE 100.
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...
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...
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...
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.
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.
Stock markets are mostly showing modest losses as we approach the close of trading.
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...
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