Basic Resources Sector News

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  • BHP Billiton on Wednesday trimmed its full-year production guidance for iron ore, coking coal and copper due to bad weather at mines in Australia and industrial action in Chile over the last quarter. Iron ...

  • Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt

    By Kit Rees LONDON (Reuters) - Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 <.STOXX> index scoring its fifth straight session of gains. A win for centrist candidate Emmanuel Macron in the …

  • British shares edged higher on Tuesday as a strong Europe-wide market rally after the first round of the French election dissipated and investors focused on corporate results which indicated tougher times ...

  • EU mergers and takeovers (April 25) Reuters - UK Focus - 15 hours ago

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French media company Bollore to acquire control of French company ...

  • FILE PHOTO: A vendor walks at his Coca-Cola store in Phnom Penh

    Coca-Cola Co said on Tuesday it would cut about 1,200 jobs as the beverage maker expands its savings target amid falling demand for fizzy drinks globally. Coca-Cola and rival PepsiCo Inc's soda sales have taken a hit as consumers in North America and Europe increasingly shun sugary drinks. Global soda sales fell 1 percent …

  • The Nestle logo is pictured on the company headquarters building in Vevey

    By Martinne Geller LONDON (Reuters) - Nestle plans to cut almost 300 jobs in Britain as it simplifies its operations and moves production of Blue Riband biscuits to Poland, becoming the latest food and drink maker to reduce its UK operations as the country prepares to leave the European Union. Swiss-based Nestle said …

  • FILE PHOTO: EU and Union flags fly above Parliament Square in London

    By Huw Jones LONDON (Reuters) - The European Union should hit the pause button on new bank rules ahead of Britain's departure from the bloc, senior bank executives said on Tuesday. The EU is fine-tuning a mass of rules introduced to make banks safer after the financial crisis that began nearly a decade ago. "We cannot …

  • The European Union should hit the pause button on new bank rules ahead of Britain's departure from the bloc, senior bank executives said on Tuesday. The EU is fine-tuning a mass of rules introduced to make banks safer after the financial crisis that began nearly a decade ago. "We cannot ignore the growing fragmentation …

  • Royston Wild looks at two stocks with hot growth prospects.

  • Are these two shares too risky to buy right now?

  • Gazprom CEO Miller attends St. Petersburg International Economic Forum 2016

    By Dmitry Zhdannikov LONDON (Reuters) - A new pipeline from Russia's Arctic fields to Germany will boost Moscow's share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said. Chief Executive Alexei Miller told …

  • Namibia's Rössing Uranium, a Rio Tinto (Hanover: CRA1.HA - news) business, said it has managed to navigate "the worst year of the past decade" for the uranium industry, turning a 2015 loss into a net profit of 107 million Namibian dollars ($8.2 million) in 2016. Rössing said on Monday that a combination of favourable …

  • A Cappuccino stands on a table at a branch of Costa coffee in Manchester northern England.

    (Reuters) - Whitbread Plc , which runs British brands such as Costa Coffee and Premier Inn hotels, warned on Tuesday of the impact of a tougher consumer environment, sending its shares seven percent lower. Rising inflation and muted wage growth following Britain's vote to leave the European Union last June is forcing many …

  • British shares edged up on Tuesday as a strong Europe-wide market rally after the first round of the French election dissipated, with investors' focus back on corporate results which indicated tougher ...

  • The logo of German steel-to-elevators group ThyssenKrupp AG is pictured during the company's annual news conference in Essen

    By Georgina Prodhan and Tom Käckenhoff HANOVER, Germany (Reuters) - Thyssenkrupp sees the connecting up of its elevators to the internet lifting its profits by millions of euros, the head of its elevator business said this week. The German industrial conglomerate is preparing to start selling connected elevators in six …

  • Credit Suisse's chairman Rohner attends the 2016 IIF Spring Membership meeting in Madrid

    By Joshua Franklin ZURICH (Reuters) - Credit Suisse Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totalling 5.65 billion Swiss francs (4.43 billion pounds) since 2015. Rohner, 57, is facing calls to stand down after six years as chairman, …

  • ZURICH/LONDON, April 24 (Reuters) - Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the consequences of a …

  • FILE PHOTO: Logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo

    TOKYO (Reuters) - Japan's Toshiba Corp will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported on Tuesday. Hitachi Ltd and other Japanese firms are seen as possible bidders for the unit, Kyodo said, without citing sources. Reuters last month reported that Toshiba …

  • A sign marks a building on Novartis' campus in Cambridge

    By Tatiana Bautzer and Guillermo Parra-Bernal SAO PAULO (Reuters) - Johnson & Johnson , Novartis AG and Takeda Pharmaceutical Co Ltd <4502.T> have expressed interest in a buyout of the controlling stake that two families have in Brazilian drugmaker Hypermarcas SA , two people with knowledge of the matter said on Monday. …

  • Activist investor Elliott takes stake in UK takeover target WS Atkins Reuters - UK Focus - Mon, Apr 24, 2017 21:18 BST

    U.S. activist investor Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins after the British engineering and construction consultancy firm agreed to be bought in ...

  • By Alissa de Carbonnel and Maya Nikolaeva PARIS (Reuters) - Western partners of gas giant Gazprom agreed on Monday to provide half the financing for the 9.5-billion euro (7.95 billion pounds) Nord Stream 2 pipeline, removing a big hurdle for a Russian plan to pump more gas to Europe. The commercial endorsement of the …

  • Western partners of gas giant Gazprom agreed on Monday to provide half the financing for the 9.5-billion euro ($10.32 billion) Nord Stream 2 pipeline, removing a big hurdle for a Russian plan to pump more gas to Europe. The commercial endorsement of the project by Western firms offers Russian state-owned Gazprom, which …

  • From Trump to Brexit, politics drive firms into insurers' arms Reuters - UK Focus - Mon, Apr 24, 2017 18:01 BST

    ZURICH/LONDON, April 24 (Reuters) - Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the consequences of a …

  • Banks boost FTSE as French election ignites risk-on rally Reuters - UK Focus - Mon, Apr 24, 2017 17:57 BST

    Britain's top share index jumped on Monday as banking stocks surged after centrist Emmanuel Macron came out on top in the first round of France's presidential election. The blue chip FTSE 100 index closed ...

  • Traders work at their desks in front of the German share price index DAX board in Frankfurt

    By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - European shares rallied, banks soared, and French blue-chips briefly hit a nine-year high on Monday after France's presidential election sparked a rush to risky assets. Investors cheered the first-round result of France's presidential election, which saw centrist …

  • European shares rally as Italian, French banks soar after Macron win Reuters - UK Focus - Mon, Apr 24, 2017 17:27 BST

    European shares rallied, banks soared, and French blue-chips briefly hit a nine-year high on Monday after France's presidential election sparked a rush to risky assets. Investors cheered the first-round ...

  • Delivery Hero CEO says needs capital for possible buys Reuters - Mon, Apr 24, 2017 17:15 BST

    Online food takeaway firm Delivery Hero, one of Europe's biggest start-ups, could consider an initial public offering (IPO) to raise capital so it can face competition from the likes of Uber. "We should make sure that we are ready, that we can make further consolidation, that we have the power of an Uber or others," Chief …

  • 2 smart things you could do with £1,000 right now Fool.co.uk - Mon, Apr 24, 2017 16:34 BST

    Bilaal Mohamed considers two very smart, and yet very different ways to invest £1,000 today.

  • 2 ‘turnaround’ stocks to watch in May Fool.co.uk - Mon, Apr 24, 2017 16:25 BST

    These two shares could reverse disappointing share price performance.

  • Activist investor Elliott discloses stake in WS Atkins Reuters - UK Focus - Mon, Apr 24, 2017 15:50 BST

    U.S. activist investor Elliott Capital Advisors said on Monday it had a 6.8 percent in British engineering and consultancy firm WS Atkins, a regulatory filing showed. Last week, Canadian firm SNC-Lavalin ...

  • Austrian oil and gas group OMV said on Monday it would provide long-term financing to secure 30 percent of its share of project costs of the Nord Stream 2 pipeline from Russia. Under the agreement between the western partners of Russian gas giant Gazprom OMV is obliged to fund 10 percent of the 9.5-billion euro pipe …

  • OMV to secure long-term financing for 30 pct of its Nordstream 2 share Reuters - UK Focus - Mon, Apr 24, 2017 15:23 BST

    Austrian oil and gas group OMV said on Monday it would provide long-term financing to secure 30 percent of its share of project costs of the Nord Stream 2 pipeline from Russia. Under the agreement between ...

  • Luxury shoe brands Jimmy Choo and Bally put up for sale Reuters - Mon, Apr 24, 2017 14:56 BST
    FILE PHOTO: A store of shoe designer Jimmy Choo is seen in St. Moritz

    By James Davey LONDON (Reuters) - British luxury retailer Jimmy Choo has put itself up for sale to try to maximise shareholder value as majority investor JAB increases its focus on consumer goods. JAB Luxury also said on Monday it was reviewing its ownership of Bally International, the Swiss luxury footwear and accessories …

  • Gazprom's western partners agree Nord Stream 2 gas pipeline financing Reuters - UK Focus - Mon, Apr 24, 2017 14:32 BST

    Western partners of Russian gas giant Gazprom agreed on Monday on financing the 9.5-billion euro Nord Stream 2 pipeline, removing a key hurdle for the Russian plan to pump more gas to Europe. At a signing ...

  • 2 attractive ‘risky’ shares for growth investors Fool.co.uk - Mon, Apr 24, 2017 14:03 BST

    These two stocks seem to offer growth at a reasonable price.

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