Hints and tips:
...BHP is weighing whether to bring forward production from Jansen, a $5.7bn potash project in the western Canadian province of Saskatchewan, to 2026 rather than 2027....
...According to Bloomberg, consensus is currently forecasting PBT of c£185m (giving EPS of c6.9p) in FY 2020/21 and c.£340m (12.7p) in FY 2021/22....
...Companies making lay-offs or cutting staff salaries “would be very well advised to ensure that pain will be shared across the board and C-suite”, he said....
...Hefty share purchases by CEO Philip Jansen and Magdalena Du Plessis, the wife of chairman Jan Du Plessis, disclosed midway through Thursday might be read as a signal that the pair were sitting on no material...
...a) 3; b) 100; c) 155; d) 164. For the fast-growing menswear and accessories website End, which is now seeking a physical presence, this has not proved a difficult question....
...savings over three years Capex reduced to c£70m for FY19 Investing in or optimising c. 120 stores Closing up to 50 under-performing over the next three to five years £0 dividend — payment suspended to prioritise...
...Former Alfred C Toepfer executive Dierk Overheu is replacing Ton van der Laan as the new chief executive, reports Emiko Terazono in London. Mr van der Laan will leave at the end of June....
...Shares in PotashCorp rose 4.3 per cent in Toronto to C$39.33 on Thursday after news of the approach was first reported by Handelsblatt....
...Fantasie in C, D934....
...Apax, a rival buyout group that pitched a secondary transaction to AA chief executive Chris Jansen never got more than a quick glance under the bonnet....
...Aberdeen Asset Management lost 5.9 per cent to 356.3p, F&C Asset Management was down 3 per cent to 102.8p and Man Group slid 2.7 per cent to 81.5p....
...Guidance remains at c. US$13b for CY13 (100% basis), but we expect additional mine capex to be approved for Pilbara expansion to 360m tonnes....
...Its Jansen project, east of Saskatoon, is expected to receive a final go-ahead next year, with production starting in 2015....
...It expects to pay about C$90bn in royalties and taxes to all levels of government over the life of the project, which would be the first new potash mine in Saskatchewan in 40 years....
...BHP would be able to use the losses incurred in the development cost of Jansen Lake, its own potash project in the province, to reduce the taxes on PotashCorp’s earnings....
...The revenue loss stems from provincial tax rules that would allow BHP to write off the cost of developing its Jansen Lake potash project against income generated by PotashCorp’s existing operations....
...“Most of these borrowers get trapped on a debt treadmill,” said Cathleen Day, a spokeswoman for the Center for Responsible Lending....
...The revenue loss stems from tax rules that would allow BHP to write off the cost of developing its Jansen Lake potash project against income generated by PotashCorp’s existing operations....
...In January, it agreed to buy Athabasca Potash, another Saskatchewan developer, for C$341m ($323m)....
...In January BHP agreed to buy Athabasca Potash for C$341m ($330m). This minor company owned early-stage potash assets in Saskatchewan, near BHP’s flagship potash development at Jansen in Canada....
...It is also funding diamond exploration on Baffin Island and has spent C$400m on feasibility studies to build a mine at its Jansen potash project in Saskatchewan....
...BHP agreed to buy Athabasca for C$8.35 a share, an 25 per cent premium to its closing price of C$6.70 on January 27....
...Parish, a noted US decorator, to add some Federal-era style and later appointed Henry DuPont, a well-connected collector of Americana, and Stéphane Boudin, a respected Parisian designer for the House of Jansen...
...Yes, there are buses and the odd overground station – but getting from A to B and then on to C often takes longer than it should....
...F&C Asset Management was the biggest mid-cap faller....
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