Jon has been reporting on stock markets for over twenty-five years for audio text companies (remember them?!), newswires, and websites. He helped set up MarketEye News for ICV/Topic in the 1990’s before moving on to become a Markets reporter at AFX News. After over 10 years, which saw him rise to the dizzy heights of Markets Editor at AFX, the firm’s acquisition by Thomson Corp and subsequent takeover of Reuters, he moved on in 2012. Prior to Proactive Investors, he was News Editor for thisismoney.co.uk, the Mail Online’s financial website.
Neil Wilson, senior market analyst at ETX Capital pointed out: “Construction is all about margins and bidding too aggressively for work cost Balfour dearly for a couple of loss-making years in which it delivered seven profit warnings."
In a statement, reported by Reuters, Elliott said it had converted its previous 4.5 % "economic interest" in the FTSE 100-listed company to a 5% shareholding in BHP Billiton's UK-listed shares.
The FTSE 250-listed firm posted a total pre-tax profit of £12mln for the six months to June 30, a turnaround from a loss of £15mln a year earlier, as revenue rose to £4.201bn
The company said drilling of basic rock bodies identified by outcrop, limited ground magnetic survey and previous aeromagnetic survey data, intersected encouraging "potentially mineable" near-surface copper mineralisation with good grades
The AIM-listed tungsten, copper and gold, exploration and development company said the crusher is a critical component of the La Parrilla infrastructure as part of the expansion of its operations
In a quarterly activities and cashflow report for the year ended June 30, released today, Justin Tooth added that the AIM-listed group ”will make a comprehensive announcement of the results from this campaign as soon as practicable.”
The firm said the disposal will allow it to focus on its existing gold operations, construction of the Elikhulu tailings retreatment project and “other organic and acquisitive growth opportunities”
The AIM-listed firm said it will pay an additional consideration payment of up to £0.1mln for Newable, a leading UK-based provider of risk, technology, governance, cyber security assurance and advisory services subject to future performance