United Kingdom

Shanti S Nair

Canada's CAE sees strong pilot training demand when Boeing MAX jets fly

14 Aug 2019

CAE Inc expects strong demand from airlines for pilot training when Boeing Co's grounded 737 MAX jets are cleared to fly, Chief Executive Marc Parent told analysts on Wednesday, after the Canadian training specialist reported lower-than-expected quarterly earnings.

Barrick doesn't have 'for-sale' sign on Tongon, Massawa, but open to options: CEO

12 Aug 2019

Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.

Mosaic cuts profit view; cites bad weather, weak phosphate margins

06 Aug 2019

U.S. fertilizer company Mosaic Co cut its full-year earnings forecast and posted a lower-than-expected profit, as rains and flooding in the United States hit its volumes and phosphates margins, sending its shares down as much as 12.3%.

UPDATE 2-CannTrust discloses Ontario Securities probe, delays Q2 results

02 Aug 2019

Aug 1 The Ontario Securities Commission has opened an investigation into CannTrust Holdings Inc, the cannabis producer said on Thursday, less than a month after the health regulator found unlicensed pot cultivation by the company.

UPDATE 2-CannTrust slumps after Health Canada finds unlicensed pot cultivation

09 Jul 2019

July 8 CannTrust Holdings Inc's shares plunged about 23% to a more than one-and-half-year low on Monday, after Health Canada found the weed producer grew cannabis in unlicensed rooms, and then restricted the company from clearing its inventory.

Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings

01 Jul 2019

Exxon Mobil Corp said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier.

U.S. insurer Chubb pulls back from coal

01 Jul 2019

Chubb Ltd will become the first U.S. insurer to phase out its coal investments and insurance policies, saying on Monday it will no longer sell insurance to or invest in companies that make more than 30% of their revenue from coal mining.

Hudson's Bay Co sales slump, optimistic about China trade impact

13 Jun 2019

Canadian department store operator Hudson's Bay Co on Thursday posted a wider-than-expected loss as sales at its Lord & Taylor unit fell, but said it was optimistic about its ability to deal with the impact of U.S. tariffs on Chinese goods.

Construction firm SNC-Lavalin names interim CEO, announces strategic review

11 Jun 2019

SNC-Lavalin Group Inc, weighed by weakness in its mining division and a surprise loss last month in its construction business, named an interim CEO and announced a quick strategic review on Tuesday, boosting its slumping shares as investors hoped for a turnaround.

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