Tom Frew

Fitch Ratings says the South Korean structured finance (SF) transactions that it rates are likely to be resilient should South Korean interest rates rise. Fitch expects the asset performance of the transactions to remain satisfactory, in part due to the strong labour market in South Korea. Fitch expects that interest rates will rise gradually because […]

BP (LSE:BP) have released financial results for the third quarter of 2013. Underlying replacement cost profit1 for the period was $3.7 billion, compared to $2.7 billion for the previous quarter. Operating cash flow in the quarter was $6.3 billion. Consistent with its commitment to maintaining a progressive and sustainable dividend policy, BP also announced that […]

NYSE Technologies, the commercial technology division of NYSE Euronext (NYX), has announced that it is offering consolidated market data from the HKEx Orion Market Data (OMD) Platform via SuperFeed. This service, that now includes market information from the HKEx OMD Platform, is available from October 2013. SuperFeed in Hong Kong enables colocated and remote proximity […]

New World Oil and Gas (LSE:NEW), an oil and gas exploration and development company focused on Belize and Denmark, has announced that the Government of Belize has approved the application of the third and final renewal period of the Blue Creek Production Sharing Agreement (‘PSA’) in relation to its Blue Creek Project in the Petén […]

Savannah Resources (LSE:SAV), an AIM listed exploration company,has announced that it has commenced an initial drilling programme at the Company’s 80% owned 180 sq km Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: ·Commenced 2,000m, reverse circulation (‘RC’) drilling programme to further define prospectivity of Jangamo...

National Milk Records, the (ISDX:NMRP) Growth Market supplier of milk services, is pleased to announce that all ordinary and special resolutions were duly passed at the AGM held yesterday. The Directors of the Company are also pleased to announce the appointment of Jonathan Davies and Ben Bartlett as Executive Directors of the Company with immediate […]

Ariana Resources (LSE:AAU) have released JORC Resource Estimate for the Kizilcukur and Ivrindi projects which are 100% held by the company outside of the Red Rabbit Joint Venture in Western Turkey. Highlights: -27,600 oz Au equivalent JORC Inferred added to the resource base from two satellite prospects, Kizilcukur and Ivrindi, located in the vicinity of […]

Aimed at “building value for shareholders” Cluff Natural Resources (LSE:CLNR), a company founded by natural resources entrepeneur Algy Cluff, has made two new Board appointments. Graham Swindells has been appointed as the Company’s Finance Director and Christopher Matchette-Downes has been appointed as a Non-Executive Director with immediate effect. Graham Swindells joined the CNR...

West African iron ore focussed Sable Mining (LSE:SBLM), has raised £17.1 million from new and existing shareholders to accelerate development of the Company’s flagship high grade Nimba Iron Ore Project in south-east Guinea – the second largest undeveloped on- or near-rail direct shipping ore project to be held outside the major mining companies in West […]

Fitch Rating has affirmed Finland’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘AAA’, both with Stable Outlooks. The agency has also affirmed the Short-term foreign currency IDR at ‘F1+’ and the Country Ceiling at ‘AAA’. In a statement the ratings agency said that the affirmation reflects the following factors: –...