The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Iron ore slumped more than 7% — dropping below the $110 a ton mark — after disappointing demand in China left the market lumbered with swelling inventories.
Iron ore has tumbled by around a quarter from a peak in early January as China’s real estate and manufacturing activity remained under pressure. The annual National People’s Congress in Beijing, which concluded Monday, offered few prospects of a demand boost, and iron ore stockpiles at ports have ballooned to the highest in a year.
https://www.bloomberg.com/news/articles/2024-03-11/iron-ore-woes-deepen-as-inventories-in-china-keep-piling-up
aston martin lagonda global holdings plc - ***don, england-based luxury sports car maker - launches offer of gbp1.14 billion in five-year senior secured debt notes. also enters new super senior revolving credit facility with its existing lenders, who have agreed to increase their commitment to gbp170 million from gbp100 million. aston martin says the proceeds from the note offer will be used to repay other notes, as well as all borrowings under its current rcf.
https://www.morningstar.co.uk/uk/news/an_1710148385206652800/in-brief-aston-martin-offers-gbp11-billion-in-new-senior-debt-notes.aspx
London remains UK’s strongest region as capital powers country out of recession
https://www.cityam.com/london-remains-uks-strongest-region-as-capital-powers-country-out-of-recession/
One positive thing having lance driving for Aston Martin is we get to see the new Vantage out on track, this should boost sales
Its 2023 results certainly helped. Pre-tax profits soared 57% year over year to £7.5bn. That’s the highest it has been for over two decades. This was largely fuelled by a 5% rise in its underlying net interest income
https://www.fool.co.uk/2024/03/08/for-friday-the-lloyds-share-price-is-moving-towards-50p/
ALIEN METALS (@AlienMetals) posted at 4:18 pm on Thu, Mar 07, 2024:
Additionally, Australia's investment in mineral exploration increased by 13% to $4 billion in 2022, contributing to future critical mineral investment opportunities.
#ironore #alienmetals #mining #UFO #investing #AIM #LSE
3/3
(https://x.com/AlienMetals/status/1765773937391116370?t=Z3geEKLrjqVkGgtrr9v6nw&s=03)
ALIEN METALS (@AlienMetals) posted at 4:17 pm on Thu, Mar 07, 2024:
The report, published by Geoscience Australia, highlights that Australia produces 27 minerals, with 15 of them ranking in the top five globally. Australia leads in economic resources for gold, iron ore, lead, nickel, rutile, uranium, zinc, and zircon.
2/3
(https://x.com/AlienMetals/status/1765773852641009955?t=snydkIKmmMzQcPO19jd0rw&s=03)
ALIEN METALS (@AlienMetals) posted at 4:17 pm on Thu, Mar 07, 2024:
Australian Mining reports that Australia has been named the global leader in economic resources, according to the 2023 'Australia's Identified Mineral Resources' report presented by Federal Resources Minister Madeleine King.
Read here: https://t.co/ZjLhUbFCzj
1/3
(https://x.com/AlienMetals/status/1765773769832804830?t=PfOZIfSExaPAilYI4QajVA&s=03)
House prices rise for fifth consecutive month
• Average house prices rose by +0.4% in February, the fifth monthly rise in a row
• Property prices grew +1.7% on an annual basis (vs +2.3% last month)
• Typical UK home now costs £291,699, around £1,000 more than last month
• Eastern England saw most downward pressure on house prices
Kim Kinnaird, Director, Halifax Mortgages, said:
“UK house prices rose for the fifth consecutive month in February, up by +0.4% or £1,091 in cash
terms, with the average house price now £291,699.
“On an annual basis, house prices were +1.7% higher than a year ago, slowing from +2.3% in
January. However, these figures continue to suggest a relatively stable start to 2024 and align with
other promising signs of increased housing activity, such as mortgage approvals.
“In fact, the average price tag of a home is now only around £1,800 off the peak seen in June 2022.
While it is encouraging that we’ve seen growth in recent months, what happens next remains
https://www.pmi.spglobal.com/Public/Home/PressRelease/494f069238fc40c482b1d85621fd99d0
Https://www.cityam.com/spring-budget-2024-air-fare-duty-on-business-class-flyers-to-rise/
Lawrence said he's in advanced talks with the banks with refinancing the outstanding debt markets are just waiting for this to go through before the next rally
March 5 (Reuters) - British companies had their strongest month in February since May last year, suggesting the economy is out of a short recession, but inflation pressures will keep the Bank of England on alert, according to a survey published on Tuesday.
The S&P Global composite Purchasing Managers Index, spanning Britain' services and manufacturing sectors, edged up to 53.0 from 52.9 in January.
A final version of the PMI for the services sector on its own dipped to 53.8 from January's 54.3 and was a touch weaker than the preliminary February estimate which also stood at 54.3. But it was still its second-highest reading since May 2023.
UK investors piled into equity funds at the fastest rate for nearly three years last month – but shunned the sluggish British market in favour of surging US valuations
https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-13156195/amp/UK-investors-shun-British-equity-funds-favour-surging-valuations.html