LONDON MARKET CLOSE: US jobs growth adds to flagging hopes on Fed cuts
(Alliance News) - Stock prices in London closed firmly down on Friday, hit by concerns that the US Federal Reserve may cut interest rates later than hoped this year.
Read moreFri, 30th Oct 2009 08:19
(Alliance News) - Stock prices in London closed firmly down on Friday, hit by concerns that the US Federal Reserve may cut interest rates later than hoped this year.
Read more(Sharecast News) - Steppe Cement said in an update on Friday that in the first quarter of 2024, it sold 175,383 tonnes of cement, generating KZT 3.78bn (£6.69m) in revenue.
Read more(Alliance News) - Steppe Cement Ltd shares sank on Friday, as the company reported a downturn in its Kazakhstani operations and announced a shareholder return program.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
Read more(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.
Read moreSteppe Cement Ltd - Malaysia-based Kazakhstan-focused cement producer - Says revenue in 2023 was KZT37.29 billion, around USD82 million, down 7.2% from KZT40.20 billion the year before. This was due to lower sales volumes, which fell year-on-year to around 1.6 million tonnes in 2023. Average price for delivered cement was KZT22,927 per tonne, down 4.3% from KZT23,963 per tonne achieved in 2022. Adds 2023 cement market consumption in Kazakhstan was 11.5 million tonnes compared to 11.6 million the year prior, with Steppe's local market share being 14.2% compared to 14.5% year-on-year.
Read more(Sharecast News) - AIM-traded Kazakh cement producer said it expects to report lower revenues for 2023 as average prices and volumes both declined year-on-year, while inflation is continuing to hold back bottom-line progress.
Read moreSteppe Cement Ltd - Malaysia-based Kazakhstan-focused cement producer - Says new tax legislation in Malaysia, the Netherlands and Kazakhstan means its corporate structure is inefficient for making shareholder returns. Says it is therefore reviewing other ways to distribute value to shareholders. Notes that it said it would pay a dividend between 2 pence and 3p in July last year.
Read more(Alliance News) - Steppe Cement Ltd on Wednesday said it expects earnings in 2023 to be lower than in 2022 due to a lower pricing environment and the impact of inflation on energy and other input costs.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read more(Alliance News) - Steppe Cement Ltd on Wednesday said it sold less cement at a lower average price in the first half of 2023.
Read moreThursday 6 July | |
3i Group PLC | AGM |
3i Infrastructure PLC | AGM |
Great Portland Estates PLC | AGM |
J Sainsbury PLC | AGM |
Katoro Gold PLC | AGM |
Land Securities Group PLC | AGM |
Mining, Minerals & Metals PLC | AGM |
Peel Hunt Ltd | AGM |
Severn Trent PLC | AGM |
Workspace Group PLC | AGM |
Young & Co's Brewery PLC | AGM |
Friday 7 July | |
Griffin Mining Ltd | AGM |
GRIT Investment Trust PLC | AGM |
Liontrust Asset Management PLC | GM re takeover by GAM Holding AG and share cancellation |
Nanoco Group PLC | GM re cancellation of Share Premium Account |
Monday 10 July | |
Altona Rare Earths PLC | GM re admission to LSE |
Financials Acquisition Corp | GM re extension of business combination deadline |
More Acquisitions PLC | AGM |
N Brown Group PLC | AGM |
National Grid PLC | AGM |
Sirius Real Estate Ltd | AGM |
TruFin PLC | GM re open offer shares |
Tuesday 11 July | |
Active Energy Group PLC | AGM |
British Land Co PLC | AGM |
Octopus Apollo VCT PLC | AGM |
Windar Photonics PLC | AGM |
Wednesday 12 July | |
Bytes Technology Group PLC | AGM |
Burberry Group PLC | AGM |
Capital Metals PLC | GM re change of registered office |
LondonMetric Property PLC | AGM |
Safestore Holdings PLC | AGM |
Steppe Cement Ltd | AGM |
Wincanton PLC | AGM |
Copyright 2023 Alliance News Ltd. All Rights Reserved. |
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read moreSteppe Cement Ltd - Karaganda, Kazakhstan-based cement manufacturer - Sells 214,832 tonnes of cement for KZT4.94 billion, around GBP8.7 million, in the first quarter of 2023. In the same quarter of 2022, the company sold 281,968 tonnes of cement for KZT6.30 billion. This represents a 24% decline year-on-year in cement tonnes sold and a 21% year-on-year decline in the price of cement sold. Adds that its market share reduced to 13% in the quarter from 14% in the same quarter the year prior. Explains the fall in shipment came against a backdrop of increased interest rates and logistical issues arising from an overloading of the rail network. Currently estimates that Kazakhstan's cement market demand will reduce to between 10 million tonnes per year to 10.5 million tonnes per year, but adds there is a "high degree of uncertainty" regarding this due to the geopolitical situation.
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