Today's market overview
, which styles itself as the world's local bank, is to become a bit less local in parts of Latin America following the agreed sale of its operations in Colombia, Peru, Uruguay and Paraguay.
• Mining giant Polymetal International has sold its Veduga gold deposit in the Krasnoyarsk region of Russia for $20m.
• Outsourcing specialist
says it is on track to meet its 2012 full-year expectations but has warned that its first-half performance will reflect the challenging environment in the US.
, the world's third largest platinum producer, said production in the first three months of 2012 was little changed from a year earlier, despite losing 170,000 tonnes of production because of safety stoppages.
• Funeral services provider
reported a modest rise in revenue and underlying operating profit in a relatively quiet start to the year.
• The Finance Director of FTSE 250 waste management group
is to leave the board in the summer to join transport firm FirstGroup, the companies announced on Monday.
• The takeover of financial software firm
by Vista Equity Partners came a step closer on Monday after it passed a legal hurdle in Portugal.
• The seals business in North America was the star performer in the first half of the fiscal year of specialised technical products and services provider
, but the group's top-line growth eased off in the second quarter (IC COMMENT).
Chariot Oil & Gas
, an Africa-focused exploration company, has reported that the Tapir South well (1811/5-1), offshore Namibia, failed to find commercial hydrocarbons, and will now be plugged and abandoned (IC COMMENT).
• Design and engineering consultancy group
has turned to the US fixed-interest market to raise cash to repay drawn funds under the group's existing banking facility and for general corporate purposes.
• Building materials supplier
said it made progress in the first quarter of the year although momentum was hit by a particularly rainy April.
• Exploration firm
said it had found significant oil reserves at its Ebok North Fault Block well, offshore Nigeria.
• Bingo, casino and online gaming company
has made a conditional agreement to acquire Gala Casinos from Gala Coral Group, making it the largest casino operator in the UK.
• Essar Oil,
's 87.09 per cent-owned Indian oil subsidiary, saw a sharp drop in earnings in the year to March 31st due to the reversal of a sales tax benefits and a planned plant shutdown.
• A third of
shareholders have voted against plans for executive pay at the firm, making it the latest in a growing list of big firms to suffer backlashes against their remuneration reports.
• Struggling tour operator
has posted details to shareholders of its proposed disposals which it says are vital to the continued existence of the company.
• Fresh life has been breathed back into the Co-op's bid to takeover 632
branches after reports said a new deal was put to the City Regulator.
said it had hit an estimated 36 metres of net oil pay at its appraisal well in the Asanketken Field.
• AIM-listed satellite operator
said its revenue was in line with house broker estimates for the financial year to 30 June 2012.
lost a fifth of its value in morning trading on Monday after admitting that production at the Trintes field in the first quarter was constrained by a number of operational and technical factors.
• All resolutions were passed at the annual general meeting (AGMs) of the insurance group
, including the vote on the remuneration report.
• Yahoo has confirmed that its now former Chief Executive, Scott Thompson, has resigned from his leading role following accusations that he falsely added a science degree to his CV.
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