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Pxmx Former UBS trader Adoboli nears deportation as judge denies judicial review
Monday 24 August 2015 9:08 pmInsurance firm FBD sees earnings hit by increasingly difficult claims environmentBy stanley cup canada : Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleIRISH insurance group FBD yesterday reported a pre-tax loss of euro;96m pound;71m for the first six months of 2015, on what chief executive Fiona Muldoon called a difficult day for the firm and its shareholders.The company said in a statement: The previously signalled claims uncertainty in Ireland has continued and deteriorated further. The existing business strategy has not delivered profitable growth and, given the significant losses reported today [Monday], the group has reviewed its strategic direction.The firm is to embark on a process of ldquo ignificant reserve strengthening, and has already strengthened prior year reserves by euro;88m.According to the company, the adverse case reserve development experienced in the first half of 2015 has been worse than any previous periods. It attributed this d stanley cup eterioration to legal changes around claims which have taken place over the past 18 months.Meanwhile, the company is also moving to a focused business strategy, concentrating on its farming and agri book, and plans to divest its stake in FBD Property and Leisure. These results reflect very serious increased claims costs in our indus owala wasserflasche try, sa Czxe Mid-size businesses push on with growth plans despite Brexit vote
Tuesday 06 August 2013 8:42 pmFalling precious metal prices hit Fresnillo resultsBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleMINER Fresnillo plunged to the bottom of the FTSE 100 owala water bottle yesterday morning, after reporting a 14.7 per cent fall in half-year revenue due to the decline in gold and silver prices.Earnings fell 29.1 per cent to $486.3m pound;316.1m and the dividend ndash; which is calculated in line with earnings ndash; was cut by 68 per cent to 4.9 cents per share, falling short of Deutsche Bankrsquo 11 cents estimate.Shares fell nearly seven per cent in early trading and closed 10.9 stanley polska per cent lower at 924.50p.The miner pledged to continue to cut costs, which rose a higher than expected 29.4 per cent in the first half due to dwindling metal prices and higher production expenses, although no specif owala water bottle ic targets were outlined.Fresnillorsquo continued focus on cost cutting and operational efficiency remains more relevant than ever and we remain confident that our assets will continue to be amongst the lowest cost precious metals producers, said chief executive Octavio Alvidrez.Fresnillo is on track to achieve its full-year production target for silver of 41m oz and revised gold target of 465,000oz, which was reduced in the second quarter after a mine was closed. As a low-cost producer, Fresnillo has so far avoided the hefty writedowns a
Monday 24 August 2015 9:08 pmInsurance firm FBD sees earnings hit by increasingly difficult claims environmentBy stanley cup canada : Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleIRISH insurance group FBD yesterday reported a pre-tax loss of euro;96m pound;71m for the first six months of 2015, on what chief executive Fiona Muldoon called a difficult day for the firm and its shareholders.The company said in a statement: The previously signalled claims uncertainty in Ireland has continued and deteriorated further. The existing business strategy has not delivered profitable growth and, given the significant losses reported today [Monday], the group has reviewed its strategic direction.The firm is to embark on a process of ldquo ignificant reserve strengthening, and has already strengthened prior year reserves by euro;88m.According to the company, the adverse case reserve development experienced in the first half of 2015 has been worse than any previous periods. It attributed this d stanley cup eterioration to legal changes around claims which have taken place over the past 18 months.Meanwhile, the company is also moving to a focused business strategy, concentrating on its farming and agri book, and plans to divest its stake in FBD Property and Leisure. These results reflect very serious increased claims costs in our indus owala wasserflasche try, sa Czxe Mid-size businesses push on with growth plans despite Brexit vote
Tuesday 06 August 2013 8:42 pmFalling precious metal prices hit Fresnillo resultsBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleMINER Fresnillo plunged to the bottom of the FTSE 100 owala water bottle yesterday morning, after reporting a 14.7 per cent fall in half-year revenue due to the decline in gold and silver prices.Earnings fell 29.1 per cent to $486.3m pound;316.1m and the dividend ndash; which is calculated in line with earnings ndash; was cut by 68 per cent to 4.9 cents per share, falling short of Deutsche Bankrsquo 11 cents estimate.Shares fell nearly seven per cent in early trading and closed 10.9 stanley polska per cent lower at 924.50p.The miner pledged to continue to cut costs, which rose a higher than expected 29.4 per cent in the first half due to dwindling metal prices and higher production expenses, although no specif owala water bottle ic targets were outlined.Fresnillorsquo continued focus on cost cutting and operational efficiency remains more relevant than ever and we remain confident that our assets will continue to be amongst the lowest cost precious metals producers, said chief executive Octavio Alvidrez.Fresnillo is on track to achieve its full-year production target for silver of 41m oz and revised gold target of 465,000oz, which was reduced in the second quarter after a mine was closed. As a low-cost producer, Fresnillo has so far avoided the hefty writedowns a
