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Shares in International Ferro Metals (IFL) roared ahead after the South African ferrochrome producer said the installation of its second furnace roof was completed on 2 September, on time and within budget. "The furnace is expected to ramp up to full load by mid-October," IFL said. "The first fu
Read moreShares in International Ferro Metals (IFl) roared higher after the South African ferrochrome producer said it has installed its first furnace roof. It said the furnace is expected to ramp up to full production from mid-September as previously announced. "The second furnace roof upgrade is progress
Read morePoor recent economic data and an uncertain outlook on the global recovery sparked a broad sell-off in the industrial metals and mining sector on Thursday. Worries of a US downgrade, an escalating debt crisis in the Eurozone and slowing manufacturing growth in China have fuelled demand concerns for
Read moreFerrochrome producer International Ferro Metals reported reduced output in the quarter to 30 June as it upgraded its facilities and saw sales whacked by a fall in demand. Production was down by 17% from the same period the previous year to 42,584 tonnes, while sales plunged by 37% to 34, 735 tonnes
Read moreBoard member Alex Cooper has upped his stake in Ocean Wilsons, spending nearly £50,000 on shares in the Brazil-focused shipping services group. Cooper, a lawyer and resident of Bermuda, bought 3,550 shares at 1,360p a share, and now has 46,450. The shares have risen sharply since the company issue
Read moreNon-executive director Richard Baker has added to his holding in the Costa Coffee and Premier Inn hotels group Whitbread, splashing out more than £50,000 despite a mixed trading update from the company. He paid 1,573p a time for 3,186 shares and now has 8,152. It is his first purchase of shares sin
Read moreIntegrated ferrochrome producer, International Ferro Metals, has today published its production report for the three months until the 31st of March 2011. The producer has announced a 9% increase in its ferrochrome production for the quarter, to 51,446 tonnes. In comparison with the same time a yea
Read moreUnited Utilities' incoming chief executive has spent £400,000 on shares in the water supplier. Steven Mogford, who will take the reins at United Utilities on 31 March, took 70,814 shares at 564.9p a time, his first purchase of shares in the company. Mogford's appointment was announced in November
Read moreShaftesbury chief executive Jonathan Lane has invested a further £100,000 in the property investor. Lane has bought 22,222 shares at 450p each. That takes his stake to 966,233 shares, which is worth £4.3m at the latest purchase price. Lane raised just over £99,000 from the sale of option shares la
Read moreLower ferrochrome output resulted in bigger losses at International Ferro Metals in the half year to 31 December. IFL posted a pre-tax loss of 160m rand (£13.7m) for the period, against 145,000 rand over the same period the previous year. Revenues fell to 851m rand from 982m, on sales volumes that
Read moreBabcock bought rival VT last year and said investors would be looking at how well it performed. So far, it seems the integration is on track, with management confident of hitting a run-rate of £11m by the end of March. Babcock also exceeded expectations on paying down debt following the VT acquisi
Read moreEngineering group Avon Rubber said the first quarter of 2011 is showing a better financial performance than last year and the company remains on track to deliver growth and improved results for the financial year. Avon notes that all of its US government-related businesses have experienced some de
Read moreInternational Ferro Metals increased its production of Ferrochrome in the three months to September 2010 but nearly half of it remained in stock at the end of the period. IFM says that the seasonal downturn in demand was more pronounced than in the past. High electricity prices stemmed production
Read moreBut by its very nature, Wolseley has little visibility of future trading. It looks like being a long haul, with no particular reason for any sharp improvement. The shares have been ticking up over the past month and on approaching 14 times this year's earnings, could be vulnerable to profit-taking
Read moreInternational Ferro Metals increased its sales of ferrochrome by 87% to 190,432 tonnes in the year to June 2010. Revenues grew from Rand782,000 to Rand1.43m. IFM returned to profit in the second half but lost Rand157,000 in the year to June 2010, down from a Rand456,000 loss the year before. A ne
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