Hints and tips:
...Griffith said in a statement on Tuesday that he and the board had agreed the setback risked impeding the implementation of the company’s strategy if he stayed in the job....
...Excluding the effect of the big fall in lumber prices, the decline was only 2.3 per cent....
...One way gold companies can expand output cheaply would be through takeovers more affordable than the deal Griffith advocated. But ultimately the price of the metal itself will need to rise....
...Chris Griffith, chief executive of Gold Fields, said: “The board was unanimous in its decision not to offer to change the terms of the transaction as we continue to believe our transaction is strategically...
...Merchant banking makes direct investments in outside companies....
...He in effect now runs a mining multinational that includes, according to the US government, gold, diamonds, oil and lumber operations across Syria, Sudan and the Central African Republic....
...Chris Griffith said Gold Fields was aware that Yamana had talked to other companies as it prepared its all-stock offer....
...“I hesitate to call it a bloodbath, but it’s going to be ugly in terms of the amount of discounting and markdowns,” said Urban Outfitters chief executive Richard Hayne on the company’s earnings call last...
...Chris Griffith, chief executive of Gold Fields, said the main rationale was to create a growth engine for beyond the next four years, when its output will begin to drop after Salares Norte has been developed...
...Gold Fields is led by Chris Griffith, the former head of Anglo American’s platinum business....
...The company has encountered rising prices in many of its core commodity categories, such as lumber and copper, but chief executive Ted Decker said it was not entirely clear how inflation would affect consumer...
...Viewed in this way, lumber costs do not accurately indicate future DIY retailer sales. True, the astronomical surge in lumber prices did turbocharge top line growth at both companies....
...Richard Griffiths, chief executive of the British Poultry Council, said: “I don’t know whether there’s a duration attached to this agreement, but anything that guarantees the supply is good news....
...Some drivers have gone looking for other jobs,” said Beth Griffith, a former Uber and Lyft driver who heads the Boston Independent Drivers Guild....
...A surge in lumber prices has helped. Dearer commodities translate into higher prices for end consumers, boosting the top line....
...And at Home Depot, the DIY chain, a pandemic-fuelled boom in home improvement projects continued to drive demand for lumber and tools, also lifting the company to record first-quarter revenues....
...A version of this article was first published on May 24 by Nikkei Asia. ©2021 Nikkei Inc. All rights reserved....
...The company expects home sales in fiscal year 2021 to be between 77,000 and 80,000 units, an 18 to 22 per cent rise from the year that just ended....
...Economists caution, however, that higher lumber prices could weigh down on momentum as DIY accounts for about 40 per cent of lumber demand....
...Both Home Depot and Lowe’s operate cavernous warehouses filled with aisles of lumber, paint and lighting fixtures....
...A majority of companies in the S&P 500 index of leading shares have beaten analysts’ earnings forecasts so far....
...Lumber Liquidators on Tuesday agreed to pay $33m to settle US charges of fraud over the company’s initial response to accusations that laminate flooring made in China did not comply with health regulations...
...“We were pleased with the underlying performance of the core business despite unfavourable weather in February and significant deflation in lumber prices compared to a year ago,” said Craig Menear, chief...
...Mr Griffiths, a former Noble energy executive, had been in the top position since May 2017....
...A version of this article was first published by the Nikkei Asian Review on January 8 2020. @2020 Nikkei Inc. All rights reserved....
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