By Alastair Ford There’ve been one or two changes at the top in Zimbabwe over the past few months, as the standard periodic shuffling of the deck in regimes like Robert Mugabe’s took place without too much kerfuffle. A senior minister that was ousted claimed that the ruling Zanu PF party was behaving “undemocratically”, which…
FTSE 100 Meggitt (MGGT) – has acquired Precision Engine Controls Corporation from United Technologies Corporation for a cash consideration of US$44.2 million, funded from existing resources. Bunzl (BNZL) – has acquired Blake H Brown, Inc. which trades as Tillman. The business, which is based in California, is engaged in the sale of a variety…
By Stewart Dalby CAMAC Energy, which is listed in New York (NYSE CAK) and Johannesburg (CMC), is a full cycle E&P group focused on developing hydrocarbon resources in sub-Saharan Africa. It currently holds nine licences in four countries covering an area of 43,000 sq km (10 million acres) including current production and other exploration properties…
By Amy McLellan The saga of Range Resources has entered a new chapter. The Trinidad-focused E&P, still suspended from trading, is readying plans to begin extended waterflooding to drain additional barrels from its fields. These plans, underpinned by a US$50 million credit facility with China’s Sinosure, could lift production from the Beach Marcelle field to…
By Alastair Ford If you are a miner with a product to sell, or even if you’re an explorer simply hoping to have a product to sell one day, there seems little doubt that 2015 is opening on a fairly downbeat note. The gold price remains hidebound at under US$1,200 per ounce, silver…
by Dave Evans of binary.com As Lithuanian president Prime Minister Algirdas Butkevicius withdrew a crisp new 10 euro note just after midnight on 1st January, fireworks erupted and people reportedly cheered. You have to wonder why. There is an undeniable excitement with new beginnings and few will begrudge Lithuania’s enthusiasm as they became the 19th…
The Markets The UK construction sector grew at its slowest monthly rate since July 2013 in December according to the latest PMI data, but housebuilders’ confidence has remained buoyant despite falling mortgage approvals and slowing price growth. The year as whole was still a success for the industry and Tim Moore, Senior Economist at Markit,…
by Frederik Vanhaverbeke In the latest of a new series for SBM Frederik Vanhaverbeke, author of Excess Returns: A comparative study of the methods of the world’s greatest investors, looks at how some of the world’s greatest investors are so successful. The speculative public is incorrigible. It will buy anything, at any price, if there…
Previously an IP management and investment company, AIM listed Angle (AGL) has recently transformed itself into a medtech company in order to focus solely on its cancer cell capture technology, Parsortix. Parsortix was originally developed as the first ever non-invasive testing platform for the unborn baby. Pregnant women have a very small number of their…
My first memories of the alleged benefits of the EU in the 1970s, apart from the free trading zone between member countries, were the prospect of passport free travel (yes, I believed that at the age of 9) and the prospect of a single currency. But it has to be said, and it is not…
