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Polymetal's revenue rises 20% in first quarter on higher gold and silver prices It confirmed its 2021 production guidance of 1.5 million gold equivalent ounces and its cost guidance of US$700-750 an ounce The smelter at Varvara. Photo Credit: Polymetal International PLC Polymetal International PLC (LON:POLY) said revenue in the first quarter increased 20% year-on-year to US$593mln (£426mln) as a result of higher gold and silver prices and improved production.  The Russia and Kazakhstan-based precious metals miner reported that gold equivalent production grew 3% from the year-e...

Renault said the chip troubles for the industry could disrupt production all through the summer

While the streaming giant let down investors with its first-quarter numbers, one analyst says the firm still has the capability and the cash to stay...

Netflix subscriber growth slams on the brakes as COVID-19 pandemic boom ends The streaming giant reported that 3.98mln people signed up to the platform in the first three months of 2021, well below forecasts of 6mln Netflix Inc (NASDAQ:NFLX) reported a sharp slowdown in subscriber numbers as a boom in demand for streaming services during the Coronavirus (COVID-19) pandemic began to wear off. In its first-quarter results, released after the close on Tuesday, the platform reported 3.98mln people signed up to the platform in the three month period, well below forecasts of 6mln. Total paid member...

Tesco, Sainsbury and Ocado all at risk from on-demand grocery startups, warns Credit Suisse Tesco’s has the highest exposure to the convenience format of the UK supermarkets, which is seen as being most at risk from the new startups Gorillas Grocery started in Berlin but is now in London and Amsterdam With the pandemic driving growth in online grocery, a “new disruptive channel has emerged”, the Swiss investment bank, with on-demand or ‘i-grocery’ services characterized by delivery times of 10-15 minutes from a network of small fulfilment centres in densely populated cit...