(Alliance News) - Tharisa PLC reported on Thursday its interim profit surged six fold and dividend rose sharply, getting a boost from robust platinum group metal prices. Read More
(Alliance News) - BT Group reports higher annual profit, raises its dividend and sets out a new payout plan. Smiths Group cuts its outlook, but Sage lifts its guidance. easyJet warns of "lower than normal visibility of forward bookings" due to the Middle East conflict. Read More
Tharisa PLC - Cyprus-headquartered platinum miner - Guides for basic earnings per share of between 15.3 US cents and 15.8 cents for the six months that ended March 31, multiplied from 2.5 cents a year before, thanks to strong platinum group metal prices. Headline EPS is estimated at between 16.1 cents and 16.6 cents, from 2.9 cents. Read More
Tharisa PLC - Cyprus-headquartered platinum miner - Says it has concluded a five-year underground mining contract with Cementation Africa Pty Ltd. The contract covers the underground mining development and construction works at the Tharisa Mine, Thaisa says. The signing comes after the first blast late in March, marking the commencement of the development of the first portal at the Tharisa Mine. Read More
Tharisa PLC - Cyprus-headquartered platinum miner - Appoints Jacques Breytenbach as chief finance officer designate, with effect from May 1, and as CFO from August 1. Breytenbach will succeed Michael Jones, who will retire, with effect from July 31. Jones' retirement was flagged early in February. Breytenbach's appointment provides for a "comprehensive" handover period to ensure continuity and stability within the finance function. Breytenbach served as the CFO of Petra Diamonds Ltd. Prior to this, he was finance manager at Anglo American Platinum Ltd, now Valterra Platinum Ltd. He recently served as a non-executive director of Afrimat Ltd. Read More
(Alliance News) - Tharisa PLC on Tuesday said it boosted platinum group metal production in the first half of its financial year, taking advantage of strong prices, while chrome output declined. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
Tharisa PLC - Cyprus-headquartered platinum miner - Says it has secured new trade finance facilities from its existing banks. Notes that these facilities are designed to provide greater flexibility, improve working capital efficiency, and enhance its global trading capabilities. Says it has negotiated improved unsecured, revolving trade finance facilities, with Hongkong & Shanghai Banking Corp Ltd, providing USD30 million, and Absa Bank Ltd, offering USD15 million with an "accordion" of USD15 million. Read More
Tharisa PLC - Cyprus-headquartered platinum miner - Chief Finance Officer Michael Jones disposes of 250,000 shares at an average ZAR29.06 each, worth ZAR7.3 milion, on Monday. Jones will retire, with effect from July 31. Jones became the CFO in January 2013. Also says Company Secretary Sanet Findlay sells 33,550 shares at an average ZAR29.12 apiece, worth ZAR976,946, also on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
Tharisa PLC - Cyprus-headquartered platinum miner - Says Chief Finance Officer Michael Jones will retire, with effect from July 31. Jones became the CFO in January 2013. Notes that it will commence the process to find a suitable replacement, evaluating both internal and external candidates. "Michael will assist the group during the process and provide support to ensure a seamless handover of responsibilities," Tharisa says. Read More
(Alliance News) - Tharisa PLC said on Tuesday it remains "constructive" on the platinum group metal outlook after strong performance. Read More
(Alliance News) - Tharisa PLC on Monday slashed its final dividend by half after platinum group metal and chrome production fell, dragging down annual revenue. Read More
Tharisa PLC - Cyprus-headquartered platinum miner - Appoints Vasileios Vergopoulos as a non-executive director with effect from this past Thursday. Vergopoulos is the former managing director of BASF Metals Ltd. He becomes the eight non-executive member of the board. Read More
Tharisa PLC - Cyprus-headquartered platinum miner - Signs a debt facility worth USD130 million with Absa Group Ltd subsidiary Absa Bank Ltd, and Standard Bank Group Ltd company, the Standard Bank of South Africa Ltd, as part of its debt capital programme. The facility comprises a four-year term loan of USD80 million and a ZAR900 million, around USD50 million, revolving credit facility. Says the funds will be utilised for prepaying the balance on the existing term loan and revolving credit facility, general corporate and working purposes and investing in the sustainability of the Tharisa mine. Read More
(Alliance News) - Tharisa PLC on Tuesday reported "robust" production in its fourth quarter, but this performance was not enough to boost output for the full year. Read More