We chatted to IronRidge Resources' CEO Vincent Mascolo who explains why the company has become a lithium explorer. Watch the video here.
It was a volatile day for the UK equity market with stocks swinging between losses and gains for most of the session, with a late sell-off sending the FTSE 100 firmly in the red by the close. Service-sector activity data from across the globe largely came in below expectations with weak figures from
Weakness in the resource sectors limited gains in London on Monday, though equity markets still managed to register their fifth straight day of gains as investors readied themselves for the Christmas break. The FTSE 100 finished 0.5% higher at 6,577, but pulled back after reaching a high of 6,620.95
Home improvement retailer Kingfisher edged higher after agreeing to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m. "I am delighted to have found a strong retail partner who will help us to release the financial value of our business in China," said new boss Véron
UK stocks were set to hit a two-week high on Monday as the 'Santa Rally' continued into its fifth straight day, with energy shares providing a boost on a continued rebound in crude prices. London's FTSE 100 was up 0.8% at 6,597 by around midday. It has not closed above this mark since 8 December. "
UK stocks rose for the fifth straight session on Monday and were set to hit a two-week high with the so-called 'Santa Rally' finally taking hold ahead of a shortened trading week. London's FTSE 100 was trading 0.8% higher at 6,598 in early deals. It has not closed above this mark since 8 December.
(Adds detail) LONDON, Dec 22 (Reuters) - Home improvement group Kingfisher said on Monday it had agreed to sell a 70 percent stake in its loss-making B&Q China business to Wumei Holdings Inc for 140 million pounds ($219 million). The agreement follows Kingfisher's announcement in Mar
UK stocks are set to jump strongly when markets open on Monday morning, extending their recent winning streak into a fifth straight day ahead of a shortened trading week. City sources predict the FTSE 100 will open 50 points higher than Friday's close of 6,545.27. The index surged 4% over the past
LONDON, Dec 22 (Reuters) - Home improvement group Kingfisher has agreed to sell a 70 percent stake in its B&Q China business to Wumei Holdings Inc for 140 million pounds ($219 million), it said on Monday. The agreement follows Kingfisher's previous announcement of its plans to look for a s
Home improvement retailer Kingfisher has agreed to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m. The transaction, which is still subject to approval from the Chinese Ministry of Commerce, should be finalised in the first six months of 2015, the group said, addin
BP will shed middle managers and put projects on hold as it deals with the falling price of oil, the Sunday Times reported. Finance Director Brian Gilvary told the paper headcounts were falling across all operations and that it would cut the estimated price of oil it uses for budgeting. Gilvary said
A slight recovery in oil prices wasn't enough to ease the pressure on the energy sector on Friday, though stocks in London erased losses by the end of trade as shares in the travel and retail sectors jumped. "Clearly firms with a focus on consumer spending will be indirect beneficiaries of increase
Retailers including Kingfisher and Sports Direct were performing well on hopes that Black Friday sales will be strong. Investors were also expecting the drop in oil prices to give consumer spending a boost, as falling petrol prices freed up disposable income. Also higher were the share prices of com
** Strong gains from UK retailers as "Black Friday" shopping frenzy imported from U.S. takes hold both in store & online ** Police called to cope with surging crowds & fights over sharply discounted goods as UK retailers fully embrace "Black Friday" promotions for 1st time ** Number o
The UK stock market dropped on Friday as shares in the energy sector dropped after the recent slump in crude on concerns about a global oversupply of oil. Oil producers and energy services stocks were extending losses made the previous session with crude prices set to register their steepest weekly