LONDON (Alliance News) - Platinum miner Lonmin PLC said Wednesday that it has "regrettably" received new demands from the striking Association of Mineworkers and Construction Union in South Africa that, if granted, would mean significant additional costs of over ZAR200 million for the company abo Read More

Weir Group Expects Full-Year Profit To Be Second-Half Weighted

17th Jun 2014 07:04

LONDON (Alliance News) - Engineering firm Weir Group PLC Tuesday said overall trading in April and May was in line with expectations, but it now expects 2014 profit and revenue to be more weighted towards the second half of the year after currency headwinds strengthened over the first half of 201 Read More

MARKET COMMENT: FTSE 100 Closes Slightly Higher Amid Iraqi Tensions

12th Jun 2014 16:37

LONDON (Alliance News) - The FTSE 100 closed fractionally higher Thursday, having spent the day trading within a tight range, with oil and gas exploration and production company BG Group leading the gains as the price of oil climbed amid escalating violence in Iraq. <br / Read More

UK MIDDAY BRIEFING: Platinum Miners Reach Tentative Union Deal

12th Jun 2014 13:12

LONDON (Alliance News) - Lonmin Thursday said it has reached a tentative deal over wages and working conditions with the leadership of the union that has brought the South African platinum mining industry to a halt for several months. In a statement, the company sai Read More

MARKET COMMENT: US Futures Turn Red After Disappointing Retail Sales

12th Jun 2014 13:00

LONDON (Alliance News) - US stocks are set to open marginally lower Thursday following some weaker-than-expected retail sales data that has disappointed investors who were looking for a stronger rebound in the US economy following a disappointing first quarter. US retail sales expanded by 0 Read More

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