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Pension assets fall sh33bn on bonds, equities hit

Pension industry assets under management shrank by Sh33.4 billion in the six months to June on the back of paper losses on equities and government bon...

November 4, 2022, 11:32 am

Rio tinto buys the remaining turquoise hill shares

(Kitco News) - U.K. listed mining firm Rio Tinto (RIO:LSE) has confirmed it will acquire the remaining Turquoise Hill shares for $3....

September 1, 2022, 8:06 am

Rio tinto to acquire remaining turquoise hill shares for us$3.3bn

Rio Tinto PLC (LSE:RIO) said it reached an agreement in principle to acquire full ownership of Canadian mineral explorer Turquoise Hill Resources Lt...

September 1, 2022, 3:41 am

Antofagasta posts 48% drop in interim earnings, but sees improvement in second half

Antofagasta PLC (LSE:ANTO) reported a 48% drop in interim earnings on lower copper output and prices and amid higher input costs, but said it expects ...

August 11, 2022, 4:35 am

Warner music reports momentum in music but slowdown in ads

Warner Music Group reported "continued momentum" in music publishing but a "slowdown" in advertising.   The American entertainment and record label ...

August 9, 2022, 10:11 am

Warren buffet's berkshire hathaway ups stake in occidental petroleum

Berkshire Hathaway Inc (NYSE:BRK.B) increased its stake in Occidental Petroleum to 20% - meaning Warren Buffet's conglomerate could include the h...

August 9, 2022, 6:58 am

Lse launches £750mln share buyback as income soars

The London Stock Exchange Group PLC (LSE:LSEG) said today that it is launching the first tranche of a £750mln share buyback “immediately” that wi...

August 5, 2022, 3:00 am

Glencore unveils $3bn buyback programme as profits soar to a record

Glencore PLC (LSE:GLEN) posted record interim profits and announced a $3bn buyback programme as the wa...

August 4, 2022, 4:11 am

Rio tinto slashes interim dividend as ebitda drops 26% on lower iron ore prices

Rio Tinto PLC (LSE:RIO) slashed its interim dividend and reported a 26% drop in underlying earnings in the first half on lower iron ore prices, higher...

July 27, 2022, 4:33 am

Goldman sachs bankers' pay sinks 40% on lower profits

Goldman Sachs (NYSE:GS) bankers' pay and bonuses plummeted 40% during the first six months of the year following sinking profits. Total payroll for th...

July 18, 2022, 10:29 am

Buy prudential and go drink lemonade

Investors following our advice to go long PRU and short LMND have made 90% return since our first article compared to -2% total return for S&P 500. Pr...

July 3, 2022, 4:00 am

Nvidia is on track to join the trillion dollar club

Nvidia's valuation has plummeted from over US$810BN last November to US$473bn today. The graphics card ...

June 9, 2022, 3:05 pm

Glaxosmithkline bolsters its vaccines r&d pipeline with us$3.3bn swoop for american drug developer

GlaxoSmithKline PLC (LSE:GSK) is to bolster its vaccine pipeline in a deal worth up to US$3.3bn. It is...

May 31, 2022, 2:35 am

Burberry increases profits but warns outlook dependent on china covid recovery

Burberry Group PLC (LSE:BRBY) said profits and revenue were up in the 2022 financial year, but warned that the outlook for the current year is depende...

May 18, 2022, 4:16 am

Warren buffett's berkshire hathaway buys us$2.6bn paramount shares

Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.A) said Monday in a securities filing it bought US$2.6bn worth of Paramount Global class B shares du...

May 17, 2022, 5:23 am

Smith & nephew revenues jump as elective procedure volumes rebound

Smith & Nephew PLC (LSE:SN) (Smith & Nephew PLC (LSE:SN)) said a recovery in elective surgery and good sports demand would keep it on track to hit it...

April 28, 2022, 6:45 am

Medtronic: holding the stock a solid decision despite diabetes woes

Medtronic is the world's largest medical device company - market cap is ~$145bn, and revenues will likely be >$3....

April 25, 2022, 2:23 pm

Musk and twitter in negotiations over potential takeover, reports say

Elon Musk and Twitter Inc (NYSE:TWTR) began negotiations on Sunday over the potential sale of the social media site to the billionaire, according to n...

April 25, 2022, 4:31 am

Twitter ‘in takeover talks with elon musk' after pressure from shareholders

Company negotiating with Tesla CEO, say sources, after he wooed investors with details of his $43bn off...

April 24, 2022, 10:14 pm

Elon musk hints at hostile twitter bid in flourish of tweets

Elon Musk hinted at a potentially hostile bid for social media company Twitter Inc (NYSE:TWTR) after making a US$4...

April 19, 2022, 5:16 am


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