Acacia Mining cash dwindles as revenues hit by Tanzania export ban
Fri 20 October 2017 07:06
(ShareCast News) - A day after a deal was struck to try and resolve its exports and tax dispute with the Tanzanian government, Acacia Mining reported revenue down 40% for the third quarter and a much diminished cash balance.
BP chairman to resign, search for successor underway
Thu 19 October 2017 15:46
(ShareCast News) - BP chairman Carl-Henric Svanberg has informed the company of his intention to resign, the group announced on Thursday.
Acacia Mining parent agrees deal with Tanzania government
Thu 19 October 2017 15:28
(ShareCast News) - Acacia Mining parent Barrick Gold has agreed for the Tanzanian government to take a 16% stake in the London-listed company's three mines in the country and to share revenues, which looks like resolving a months-long dispute.
Carnival Corporation hikes quarterly dividend
Thu 19 October 2017 15:06
(ShareCast News) - Carnival Corporation has increased its quarterly dividend for the second time this year as management expressed confidence in earnings growth and cash flows.
Apple shares fall after Watch connection issues in China
Thu 19 October 2017 14:34
(ShareCast News) - Shares of US tech giant Apple were suffering their biggest decline in the last month after Wall Street opened on Thursday amidst reports that the Apple Watch was suffering from service issues in China.
Friday preview: UK public finances; results from IHG, Acacia, Renishaw
Thu 19 October 2017 14:30
(ShareCast News) - UK public finances will come under the microscope on Friday 20 October, while later on US Fed Chair Janet Yellen speaks and there are results from InterContinental Hotels, Acacia Mining and Renishaw.
Ryanair, Google and eDreams seal agreement to end legal proceedings
Thu 19 October 2017 14:03
(ShareCast News) - Low budget airline Ryanair together with Google and eDreams reached a settlement to end legal proceedings in the Irish High Court, concerning eDreams' online adverts on Google's AdWords platform, the companies confirmed on Thursday.
Vectura confirms launch of Seebri Neohaler in the US
Thu 19 October 2017 13:48
(ShareCast News) - FTSE 250 inhaler maker Vectura said on Thursday that Sunovion, the US licensee of the group's partner Novartis, has launched the twice-daily long acting muscarinic inhibitor Seebri Neohaler in the US.
Hammerson completes acquisition of French shopping centre
Thu 19 October 2017 12:04
(ShareCast News) - Hammerson has completed the acquisition of a French shopping centre for €81m (£72m) from a private vendor.
HSBC and StanChart subject to probe into SA corruption
Thu 19 October 2017 11:07
(ShareCast News) - The Treasury has ordered the Financial Conduct Authority and the Serious Fraud Office to investigate whether HSBC and Standard Chartered are exposed to a corruption scandal in South Africa.