Page 23 - Greg Roxburgh News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Thu, 6th May 2021 09:52 (Alliance News) - Mondi PLC on Thursday said it delivered a "robust performance" in the first quarter despite an expected decline in earnings, while its major projects in Eastern Europe are making good progress. The Surrey, England-based paper and packaging firm reported underlying earnings before interest, tax, depreciation and amortisation of EUR353 million, down 8.3% from EUR385 million a year ago. This was in line with the company's expectations, however. Ebitda was up 14% from EUR309 million in the fourth quarter of last year. "We continue to invest in our busi...

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Jubilee Metals to hunt for copper and gold in Caerus waste assets Tue, 4th May 2021 11:16 (Alliance News) - Jubilee Metals Group PLC on Tuesday said it has inked an agreement with Caerus Mineral Resources PLC for a six-month exclusive period for the assessment of copper and gold assets in Cyprus. Jubilee Metals is a London-based metals processing company with operations in South Africa and Zambia. Caerus is a exploration & resource development company focused on minerals in Europe to supply the global clean energy drive. "The ultimate objective of the exclusivity agreement is to identify and...

Hurricane Energy shares tank on restructuring plan as production falls Fri, 30th Apr 2021 10:58 (Alliance News) - Hurricane Energy PLC on Friday proposed a financial restructuring plan following talks with its bondholders as its Lancaster Field fails to deliver. Hurricane shares sunk 48% at 1.20 pence each. The stock is down 52% year-to-date. The UK-focused oil & gas firm said it has entered into a lock-up agreement with an "ad hoc group of bondholders", who own 69% of the company's USD230 million convertible bonds due July 2022. Hurricane has been in talks with its bondholders since March....

UPDATE: Glencore notes shareholder discontent at general meeting Thu, 29th Apr 2021 16:45 (Alliance News) - Glencore PLC on Thursday reported some shareholder disapproval at its annual general meeting. Around 20% of shareholders were against the approval of the rules of the Glencore incentive plan, while 25% of shareholders voted against the directors remuneration policy, as set out in the 2020 annual report. "The company liaised extensively with its largest shareholders in developing the remuneration package and is grateful for their support. We will continue to consult with shareholders r...