United Kingdom

Barbara Lewis

Petra Diamonds profit misses estimates, shares hit all-time low

10:21am BST

LONDON Shares in African diamond miner Petra Diamonds hit an all-time low on Monday after it missed forecasts with a 22% fall in annual profit, as a Sino-U.S. trade row and protests in Hong Kong dented demand in big Asian markets.

Glencore's risk appetite dwindles, fuelling focus on safer regions

05 Sep 2019

Glencore Inc's penchant for risk has long been mining industry lore, but the company is quickly expanding into a part of the world that would have been improbable just a few years ago: Minnesota.

Israeli cannabis firm aims to beat the pack with London listing

29 Aug 2019

LONDON Israel's Kanabo Research aims this year to become the first cannabis company to list on London's main stock market, as part of efforts to raise 4 million pounds ($4.8 million) for clinical trials and to launch over-the-counter products, its CEO said.

Talks on Guinea's iron ore advance, BHP nears deal on Nimba-sources

29 Aug 2019

CONAKRY/LONDON, Aug 29 Leading miner BHP is near a deal to divest its stake in Guinea's Nimba iron ore deposit, while three big miners are vying to develop half of the country's Simandou, the largest known untapped iron ore reserve, sources close to the talks said.

South African court denies Zambia leave to appeal in Vedanta case

23 Aug 2019

LONDON A South African high court judge on Friday refused Zambia's state mining company ZCCM leave to appeal a previous ruling halting the sale of Vedanta Resources' majority-owned Konkola Copper Mines (KCM) pending arbitration.

BHP chief to 'stick up for globalization' as trade tensions bite

20 Aug 2019

LONDON The head of the world's biggest miner BHP said he will "stick up for globalization" and is more worried about the damage trade tensions are inflicting on the world economy than their impact on demand for the commodities BHP produces.

Paradise Lost? Edinburgh on edge as Brexit divides festival audiences

19 Aug 2019

EDINBURGH For many home-grown performers at the world's largest arts festival, Britain's looming departure from the European Union presents a unique artistic challenge.

Turkey's military pension fund reaches British Steel deal

16 Aug 2019

ISTANBUL/LONDON Turkey's military pension fund OYAK has reached a provisional agreement to take over British Steel and could close the deal by the end of this year, potentially saving thousands of jobs. | Video

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