Hints and tips:
...(FT) Singed returns Utilities seemed like a safe bet for investors until the biggest wildfire in California history ravaged PG&E Corp last year....
...The “a” is really more of an “e”. Not the way “e” sounds in “eating” or “email”, but more of an “eh”, like in “elephant” or “exercise”....
...It was a reminder why Dunelm trades on a premium to peers, with a 2015 p/e rating of about 17.5x....
...Previously head of AngloGold Ashanti, the South Africa-based gold producer, he will succeed Cynthia Carroll, who announced her resignation in October against a backdrop of pressure from shareholders over...
...E-mail the Lex team in confidence at lex@ft.com...
...Randgold, which in common with AngloGold Ashanti has taken a 45 per cent stake in the venture and acts as manager for the project, estimates Kibali will produce 600,000 ounces a year from 2014....
...For those wanting equity exposure to the yellow metal, Petropavlovsk, on a forward p/e of 18.9, looks a cheaper option....
...As a trend, the process effectively mimics the one already long established in the gold markets, where producers like Barrick Gold and Ashanti for many years helped finance their production by selling off...
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...Instead it has paid down debt, cut capital expenditure and its dividend too, and sold its stake in AngloGold Ashanti. By the end of the year, net debt will be a manageable $11bn....
...The Anglo CB has full dividend protection, i.e. for every dividend paid, the conversion price is lowered by the full amount....
...On the contrary, the great strength of this framework is that it allows students to study world history without falling into the trap of relativism, i.e. arguing as if the Ashanti Empire were in some way...
...Then there is its 12 per cent stake in AngloGold Ashanti, worth about $1.3bn....
...“One, the BEE deal; two, safety; three, costs up 21 per cent; four, production below plan: that’s a D, E, F and G on his report card.”...
...Amstrad admitted defeat on its e-m@iler, the internet phone for computerphobes, though it will get a declining income stream from the 454,000 it did manage to sell....
...However key to this is availability of this inventory (i.e. does it ever come onto the open market?)...
...Anglo shares are trading on a forward p/e ratio of 11.6 times, just above Rio Tinto but below BHP Billiton’s p/e of nearly 15 times....
...Why the sudden flood of spam e-mails offering replica Rolexes and other watches? mudlark@ft.com...
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