Kenneth G. Mondero

AngloGold Ashanti Finished Strong in 2011

Feb 15 2012 @ 11:32
The world’s third largest gold producer, AngloGold Ashanti (LSE:AGD) posted huge gains for the 2011 fiscal year with the balance sheets much healthier than the last, even taking into account a weaker last quarter. Shareholders will receive a final dividend of 200 South African cents per share for the last quarter, more than the combined […]

Barclays Suffers Mixed Results

Feb 10 2012 @ 11:14
Barclays (LSE:BARC) saw its adjusted profits before tax in the UK retail and business banking operation to rise sharply at 60% to £1.42 billion compared with £889 million it posted in 2010, figures shown in the last reported fiscal year. Barclays were able to increase profits in the retail and business banking division by 48% from £2.235 […]

Anglo American adds $443M more profits from De Beers

Feb 10 2012 @ 10:46
Anglo American plc, South Africa’s largest employer and one of the world’s largest mining companies, added a further US$443 million of underlying earnings from its’ De Beers holdings. The announcement was made after De Beers posted US$968 million for the full year ending 31st December 2011. Anglo American holds 45% majority interest in the unquoted Luxembourg-based diamond producer...

HomeServe to cut 200 jobs

Feb 08 2012 @ 11:09
Home repairs and insurance provider HomeServe (LSE:HSV) has commenced consultation with employees on the prospect of cutting 200 jobs from their outbound operations to reduce operating costs as a result of fewer customers in the UK. The decision came after the FTSE 250 company projected a loss of 8% of their customer, 3% higher than […]

Bango Soars on Facebook deal

Feb 08 2012 @ 10:30
Shares of mobile payment technology provider Bango (LSE:BGO) jumped 38.1% in early morning trading, after confirmation they had “signed an agreement to provide payment services” with Facebook. Bango shares are now up by 37.5 pence from yesterday’s close to 136 pence, adding to the increasing trend of their shares since February 1st, when it announced […]

Firestone finds 100-Carat diamonds

Feb 07 2012 @ 10:18
Diamond mining and development company Firestone Diamonds (LSE:FDI) recovered three 100-carat diamonds from its’ 75% owned Liqhobong Mine in Lesotho. The three large 100-carat diamonds indicated an increase in higher clarity diamonds being recovered in the mine which has recently been producing than the budgeted grades of 38-carat per hundred tonnes and 115% mine call […]

Glencore-Xstrata Merger Creates a New Powerhouse

Feb 07 2012 @ 04:20
Glencore International and Xstrata announced  a “merger of equals” to create a major natural resources group to form a combined market equity of market value of US$90 billion. The merger, according to Ivan Glastenberg, Chief Executive Officer of Glencore (LSE:GLEN) and a Non-Executive Director of Xstrata, will create a “new powerhouse in the global commodities […]

London Mining Expands on Operations

Feb 01 2012 @ 11:26
Iron ore producer London Mining (LSE:LOND) sends off its’ first ship loaded with 49,656 wet metric tonnes (“wmt”) of iron ore from their Marampa Mine in Sierra Leone, which is bound for Europe. This is the first of the three shipments scheduled to deliver London Mining’s produce, with the second ship bound for China and the third to be provided to Glencore, […]

Carpetright Shares Decline Following Interim Management Statement

Jan 31 2012 @ 06:54
Shares of Carpetright took an 8% dip today upon publication of the company’s Interim Management Statement for the 3rd Quarter, which ended on January 21, 2012. Report Details The folowing information is taken directly from the Interim Management Statement Group sales were down 3.8% for the Quarter. UK sales were down 4.8% for the Quarter. […]

RBS succumbs to Public Pressure

Jan 30 2012 @ 10:03
Royal Bank of Scotland Group (LSE:RBS) Chief Executive Officer Stephen Hester will no longer receive his £970,000 worth of RBS shares bonus. The decision came after the Labour Party leader Ed Miliband declared they will rouse the House of Commons to a vote over the controversial remuneration package. The news first broke out on Thursday, […]
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