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10 Jun 2013 10:31

PREVIEW-Russian retreat set to continue in latest FTSE reshuffle

* Russian miners Evraz, Polymetal set for FTSE 100 demotion * Travis Perkins and Persimmon could be promoted * Petropavlosk in contention for relegation to small caps By David Brett LONDON, June 10 (Reuters) - Russian companies' exodus from the UK's benchmark share index l

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7 Jun 2013 08:24

London open: Stocks flat as markets nervously await US jobs data

After falling to its worst level in over six weeks, London's FTSE 100 opened broadly flat on Friday morning with investors refraining from building positions ahead of the all-important US jobs report due out this afternoon. The Footsie finished 1.3% lower on Thursday at 6,336, its lowest level sinc

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5 Jun 2013 14:47

Muted rebellion as ENRC shareholders back board

By Clara Ferreira-Marques LONDON, June 5 (Reuters) - Shareholders in Kazakh miner ENRC staged a muted rebellion on Wednesday, as they sought to rein in the board's powers to sell and buy stock even as they overwhelmingly voted in favour of pay and backed all directors. After months o

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4 Jun 2013 07:25

Tuesday broker round-up UPDATE

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum

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3 Jun 2013 17:34

UPDATE 1-ENRC founders granted until June 24 to make buyout bid

LONDON, June 3 (Reuters) - UK authorities have granted the founders of Kazakh mining company ENRC until June 24 to make a buyout offer to minority investors, after the trio of billionaires sought more time to iron out technical details. London-listed ENRC's independent board members said on

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3 Jun 2013 15:25

ENRC founders granted extra three weeks to make bid

LONDON, June 3 (Reuters) - The three billionaire founders of ENRC were granted three more weeks to make an offer to buy out the minority investors in the miner on Monday. The trio - Alexander Machkevitch, Alijan Ibragimov and Pathokh Chodiev - now has until 5pm on June 24 to make an offer t

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3 Jun 2013 08:27

London open: Stocks sink after Chinese manufacturing figures

A disappointing reading of Chinese manufacturing activity combined with the realisation that US stimulus may soon be trimmed weighed heavily on market sentiment on Monday morning. The FTSE 100 sunk by nearly one per cent early on, falling to levels not seen since the start of May, following sharp f

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3 Jun 2013 06:39

Monday newspaper round-up: ENRC, Vodafone, AB Foods...

The Times cites an internal review at mining group ENRC which recommended the firm to dismiss 20 of its senior staff for fraud and discipline more than 60. "The alleged wrongdoing at the FTSE 100 miner included employees using company money to buy a guesthouse, a farming business and a horse farm, a

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2 Jun 2013 18:42

Sunday newspaper round-up: Co-op, home prices, copper

The Co-operative is weighing measures designed to bolster the capital levels at its banking subsidiary which may impose losses on the unit's junior bondholders. The deficit in regulatory capital at its banking division has been estimated by Barclays analysts at between 800m pounds and 1.8bn pounds.

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31 May 2013 19:37

EXCLUSIVE-Founders seek more time for ENRC bid -sources

(Adds quotes, details on offer throughout) By Clara Ferreira-Marques and Megan Davies LONDON/MOSCOW, May 31 (Reuters) - The three billionaire founders behind miner ENRC have asked its independent board members for a three-week extension to a June 3 buyout bid deadline, seeking more ti

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31 May 2013 17:41

Founders seek extension to ENRC buyout bid deadline - sources

By Clara Ferreira-Marques and Megan Davies LONDON/MOSCOW, May 31 (Reuters) - Kazakhstan's government and the trio of founders behind ENRC have asked the miner's independent board members for an extension to a buyout bid deadline of June 3, seeking more time to iron out technical details, so

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30 May 2013 11:21

London midday: Miners buoy markets ahead of US GDP

The FTSE 100 was making meagre gains on Thursday morning as sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators. Global economic concerns sent London's top-tier index down 2.0% on Wednesday after the OECD slashed its

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30 May 2013 08:27

London open: Stocks rise after heavy sell-off

Markets opened slightly higher on Thursday morning after falling to a two-week low the day before as concerns about the global economy continue to unnerve investors. The FTSE 100 slumped 2.0% on Wednesday after the OECD slashed its global growth estimates and the International Monetary Fund reduced

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29 May 2013 16:38

London close: Stocks plummet as bond yields rise

Financial markets erased yesterday's impressive gains on Wednesday as renewed concerns about the global economy hammered sentiment in London. "In an almost complete reversal of yesterday's price action the bears have reasserted themselves today, overturning the brief return to optimism as European

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29 May 2013 14:37

ENRC says Ammann takes chairman's role permanently

LONDON, May 29 (Reuters) - Kazakh miner ENRC, facing a potential buyout bid from its founders, said on Wednesday that acting chairman Gerhard Ammann would take on the role permanently and pass on some of his executive duties to the CEO. The company, which is facing questions over its future

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