Stocks

Barrick Gold Mulls Options For Its Acacia Stake In Bid To End Tanzania Tax Dispute

Barrick Gold Mulls Options For Its Acacia Stake In Bid To End Tanzania Tax Dispute

Barrick Gold (GOLD) is exploring its options for its stake in Acacia Mining, including a possible sale, in a bid to end a protracted dispute with Tanzanian tax authorities that has effectively prevented the company from expanding its operations in the country, Reuters reported. The dispute started when the Tanzanian government imposed a $190 billion tax bill on Acacia in […]

Next Revises Full Year Guidance Following Mixed Trading Ahead of Festive Period

Next Revises Full Year Guidance Following Mixed Trading Ahead of Festive Period

British apparel retailer Next (NXT.L) lowered its central projection for full year profit early on Thursday citing lower than expected retail sales during the penultimate month of the year which were offset by better-than-forecast online sales. The clothing company, which specializes in office-ware, said that strong sales in the three weeks prior to Christmas along with a good half-term holiday […]

Aevi’s Mid-Stage Trial of AEVI-001 in Children with Hyperactivity Disorder Fails

Aevi Genomic Medicine (GNMX), a clinical-stage biopharmaceutical company, reported after markets closed on Wednesday disappointing results from the Placebo-controlled “Ascend” trial of AEVI-001 in children aged 6-17 with “Attention Deficit Hyperactivity Disorder” (ADHD). The “Ascend” trial did not achieve statistical significance on the primary endpoint of reduction of ADHD-RS after six weeks of treatment with AEVI-001, the company said in […]

Central Bank seeking powers to hold bankers personally responsible for their decisions

THE Central Bank is seeking new legislative powers to make individuals in banks responsible for their decisions. It comes after a report found some banks continue to operate with a crisis-era mindset. The onset of the financial collapse a decade ago was blamed for banks mistreating their customers, including wrongly taking good-value tracker mortgages off them. But despite lenders recovering […]

Ferrero profits dip to €2.44m

Ferrero profits dip to €2.44m

Pre-tax profits at the Cork-based unit of sweet manufacturer Ferrero last year deceased by 11pc, to €2.44m, as revenues dipped. The drop in profit followed revenues decreasing from €28.6m to €28.04m in the 12 months to the end of August last at Ferrero Ireland Ltd. The figures show that the numbers employed at the company, which makes Tic Tac mints, […]

Alucraft bought by private equity firm

Alucraft bought by private equity firm

UK private equity firm Elaghmore Partners has bought Irish glazing business Alucraft Group. Elaghmore said it was the biggest deal it had done out of its first fund, though it did not disclose financial specifics. Alucraft was founded in 1975 and has worked on a number of high-profile commercial property projects. Alucraft managing director Jack McHugh said the company was […]

Ryanair drop drags ISEQ 1pc lower

Ryanair drop drags ISEQ 1pc lower

dragged the ISEQ index of Irish shares lower yesterday, as investors reacted to a trading update that said the airline expected further strikes. The carrier has been grappling with industrial relations strife at a number of locations around Europe and has been forced to cancel flights. After-tax profits fell 20pc year-on-year in the airline‘s first financial quarter, despite revenue rising, […]