Basic Resources Sector News

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  • A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday, killing at least 11 of the 13 people on board, rescue officials said. The 11 passengers and two crew on the flight from the Gullfaks B oil platform, operated by Norway's Statoil, were all Norwegian except for one British …

  • The British civil aviation authority said it was suspending flights of Airbus Super Puma helicopters of the same type that crashed off the west coast of Norway on Friday. "Following the accident, ...

  • (ShareCast News) - London stocks ended Friday in the red, after a raft of corporate earnings and a further fall into deflation for the eurozone in April.

  • Glencore plc (LON: GLEN), Standard Chartered plc (LON: STAN), Antofagasta plc (LON: ANT), Pearson plc (LON: PSON) and Rolls-Royce Holding plc were last year's villains but can they be next year's heroes? ...

  • An Airbus Super Puma helicopter that crashed off the Norwegian coast on Friday, killing at least 11 of the 13 people on board, had maintenance servicing delayed twice last year, an official at the Norwegian Civil Aviation Authority told Norwegian daily VG. "I can confirm that this specific helicopter had seen its maintenance …

  • (ShareCast News) - Purchasing managers┬┤ indices for the manufacturing and services sector scheduled for release on Tuesday and Thursday will provide further real-time readings on the current state of affairs ...

  • Production at the Statoil-operated Gullfaks B platform in the North Sea is shut for an undetermined period following a helicopter crash in which 13 platform staff are presumed dead, a senior company official ...

  • All 13 people onboard a helicopter that crashed off the west coast Norway on Friday are presumed dead, local police told Norwegian dailies Aftenposten and VG. "All those on board are presumed dead," ...

  • (ShareCast News) - London's FTSE 100 was down 0.9% to 6,268.47 in afternoon trade.

  • 11 people found dead in Norway helicopter crash Reuters - UK Focus - 10 hours ago

    Emergency services have found 11 bodies after a helicopter crashed off the west coast off Norway on Friday, a rescue official told broadcaster NRK. A search for the remaining two passengers was ongoing, a spokesman from the Rescue Coordination Centre for Southern Norway told NRK, adding that among the 13 passengers were …

  • Designated Bayer Chief Executive Werner Baumann said he plans no "fundamental change of strategy" when he takes the pharmaceutical and chemical company's helm from May 1. Baumann told shareholders ...

  • Royston Wild explains why Unilever plc (LON: ULVR), Mondi plc (LON: MNDI), GKN plc (LON: GKN) and Marks and Spencer Group plc (LON: MKS) are red-hot bargains!

  • China Eastern Airlines has ordered 20 A350-900 planes from Airbus worth $6.1 billion at list prices, taking total firm orders for the widebody jetliner to 803, the European planemaker said in a statement ...

  • (ShareCast News) - UK stocks declined on Friday as investors sifted through corporate earnings from a batch of FTSE 100-listed companies.

  • Why Barclays PLC (LON: BARC), Rio Tinto (LON: RIO) and Royal Dutch Shell Plc (LON: RIO) could disappoint from here.

  • LONDON/ZURICH, April 28 (Reuters) - Credit Suisse (LSE: 0QP5.L - news) investors want answers from CEO Tidjane Thiam about his turnaround plan in the wake of $1 billion of unexpected trading writedowns at the bank, which has lost more than a third of its value since he joined 10 months ago. Thiam joined last July from …

  • Australian shares ignored Wall Street's downbeat cue to rise on Friday as resources stocks rode a commodity rally higher and banks firmed on hopes of a rate cut. New Zealand shares also gained. Base metals, ...

  • Friday broker round-up Sharecast - 22 hours ago

    (ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target.

  • HIGHGRADE CLOSE-Two high-grade issuers raise US$3bn Reuters - UK Focus - Thu, Apr 28, 2016 21:31 BST

    * Price progression: BP 20bp-25bp, PM 12bp * BP almost 5 times covered * Philip Morris 4 times covered * Citigroup 3.4% 2026 most actively traded * Little/no issuance expected Friday By Mike Gambale NEW ...

  • Large-cap miners pace gains Sharecast - Thu, Apr 28, 2016 20:50 BST

    (ShareCast News) - Shares in large-cap mining groups paced gains on the top flight index after one of their number closed the sale of two of its Brazilian businesses, a possible indication that the rally ...

  • Anglo American sells Brazilian ops for $1.5 billion AFP - Thu, Apr 28, 2016 20:16 BST
    Anglo American sells Brazilian ops for $1.5 billion

    Chief Executive of Anglo American PLC Mark Cutifani speaks on February 8, 2016 in Cape Town

  • Brazil's Vale back in black in Q1 AFP - Thu, Apr 28, 2016 20:13 BST
    Brazil's Vale back in black in Q1

    A general view where a Samarco dam burst in the village of Bento Rodrigues in Mariana, Brazil on November 6, 2015

  • Small caps news round-up Sharecast - Thu, Apr 28, 2016 18:18 BST

    (ShareCast News) - Strategic natural resources investor Metal Tiger announced its participation in the acquisition of 12,013,173 shares in Goldstone Resources, in conjunction with Red Rock Resources, at ...

  • (ShareCast News) - A family investment company linked to Saga boss Andrew Goodsell bought a large batch of shares on Tuesday, the company said in a statement.

  • Anglo American to sell $1.5 bln of Brazilian assets to China Reuters - UK Focus - Thu, Apr 28, 2016 17:57 BST

    Anglo American (LSE: AAL.L - news) has agreed to sell its niobium and phosphates businesses in Brazil to China Molybdenum for $1.5 billion in cash, it said on Thursday, as it seeks to cut debt in a radical restructuring of the global mining group. Anglo American shares rose more than 8 percent, outperforming the sector …

  • London close: FTSE ends lower as US economic growth slows Sharecast - Thu, Apr 28, 2016 17:55 BST

    (ShareCast News) - The FTSE 100 ended lower on Thursday as US economic growth slowed in the first quarter and as investors continued to weigh central bank policy decisions in the US and Japan.

  • Airbus tackles A400M woes at start of "challenging year" Reuters - UK Focus - Thu, Apr 28, 2016 17:47 BST

    Airbus Group (Swiss: AIR.SW - news) prepared investors for a charge on its troubled A400M military aircraft programme and reported a heavy cash impact from delays in civil jet deliveries, sending its shares lower despite a pledge to meet full-year targets. Europe's largest aerospace company gained a 3.5 billion euro …

  • European shares mixed after Wall Street strength counteracts BOJ Reuters - UK Focus - Thu, Apr 28, 2016 17:32 BST

    European shares were mixed on Thursday, with initial weakness after the Bank of Japan unexpectedly held off from expanding monetary stimulus later counteracted by strength on Wall Street. The pan-European ...

  • Britain's FTSE steadied by miners, though financials falter Reuters - UK Focus - Thu, Apr 28, 2016 17:05 BST

    Britain's top share index steadied on Thursday after a rally in miner Anglo American , although a drop in financial stocks kept the market under pressure. The blue-chip FTSE 100 index was flat in percentage terms at 6,322.40 points at its close. The UK mining sector was up 3.4 percent, the top sectoral gainer, led higher …

  • FTSE 250 movers: Tullow and Weir limit losses Sharecast - Thu, Apr 28, 2016 16:52 BST

    (ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day.

  • Rio Tinto to buy back $1.36bn in debt Sharecast - Thu, Apr 28, 2016 16:47 BST

    (ShareCast News) - Rio Tinto said on Thursday that it has priced an offer to buy back $1.36bn in debt, as it looks to cut debt amid the downturn in commodity prices.

  • Royal London, Hermes take aim at UK plc pay plans Reuters - UK Focus - Thu, Apr 28, 2016 15:36 BST

    Two of Britain's highest profile fund firms have called on a slew of UK companies to scrap lucrative pay plans for top managers following underwhelming performance, as a rebellion against soaring executive ...

  • Miner NWR warns of insolvency before mid-May if no deal soon Reuters - UK Focus - Thu, Apr 28, 2016 15:11 BST

    Czech coal miner New World Resources' (NWR) main business unit OKD will run out of money around mid-May and will need to file for insolvency before that unless the government and creditors agree a restructuring deal soon, Chairman Gareth Penny said on Thursday. Penny said the government had not formally responded to its …

  • Britain's FTSE falls as financials falter, BOJ disappoints Reuters - UK Focus - Thu, Apr 28, 2016 14:57 BST

    Britain's top share index fell on Thursday after a drop in Royal Bank of Scotland and Lloyds, while global equities were dented by the Bank of Japan's unexpected move to snub further monetary stimulus. The blue-chip FTSE 100 index was down 0.6 percent at 6,283.44 points by 1347 GMT.

  • EU mergers and takeovers (April 28) Reuters - UK Focus - Thu, Apr 28, 2016 14:17 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- British drugmaker Shire to acquire U.S. peer Baxalta -- Denmark ...

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