LONDON (Alliance News) - Richland Resources Ltd Wednesday said its cost reduction and restructuring programme at the Marelani tanzanite mine, being carried out by its Tanzanian operating company, TanzaniteOne Mining Ltd, to offset illegal mining, has already led to an increase in revenues and ove Read More

UK MIDDAY BRIEFING: Tesco Sales Slump Continues

4th Jun 2014 12:20

LONDON (Alliance News) - Tesco Wednesday reported a sharp drop in sales in the first quarter of its financial year, as Britain's biggest supermarket chain said it was hit hard by deep price cuts across the business and by the acceleration of its store refit programme, while wa Read More

UK WINNERS & LOSERS: Smith & Nephew Resumes Rise As Grocers Fall

4th Jun 2014 10:42

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. ------- FTSE 100 - WINNERS ------- Smith & Nephew, up 1.8%. The medical technology company is once again t Read More

CORRECT: Richland Buys Nardoo Sapphire Project In Australia

4th Jun 2014 09:34

(An item published at 0933 BST misstated Richland's current share price and therefore the value of new shares being issued. The correct version follows.) LONDON (Alliance News) - Richland Resources Ltd said Wednesday it has exercised its option to fully acquire the Nardoo Sapphire project i Read More

Richland Buys Nardoo Sapphire Project In Australia For Cash, Shares

4th Jun 2014 08:33

LONDON (Alliance News) - Richland Resources Ltd said Wednesday it has exercised its option to fully acquire the Nardoo Sapphire project in Queensland, Australia for AUD1.2 million, plus 18 million new shares to issued after a three-month escrow period. Shares in Richland Resources were trad Read More

UK MIDDAY BRIEFING: HSBC Profit Slides, Sainsbury Holding Out

7th May 2014 13:10

LONDON (Alliance News) - HSBC Holdings Wednesday reported a 20% drop in first-quarter pretax profit, driven by a weak performance Asia, Latin America and its investment bank, that was only partially offset by lower impairment charges and continued cost cutting. In a Read More

UK WINNERS & LOSERS: Legal & General Leads On Confidence In Annuities

7th May 2014 12:07

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. ------- FTSE 100 - WINNERS ------- Legal & General Group, up 3.2%. The group said it expects to write more Read More

Richland Resources Production Increases But Illegal Mining Goes On

7th May 2014 11:40

LONDON (Alliance News) - Richland Resources Ltd Wednesday said its production and grades improved in the first quarter, but its total sales fell and the effect of illegal mining activities continues to blight its Merelani tanzanite mine. The gemstone company, with operations in Tanzania, sa Read More

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