Investors Await Powell's Comments In Cautious Trade
0939 GMT - Investors cautiously await for clues from Federal Reserve Chairman Jerome Powell's speech later on Friday about when the central bank may start curtailing its bond-buying program. "Investors in many market segments maintained their cautious attitude [ahead of the speech], which was reflected in continued sideways movement in both equity and credit markets," says LBBW. Ten-year U.S. Treasury yields have risen significantly in recent days, bucking months of a downward trend in yields, as some investors "apparently sought to take profit ahead of a potential tapering announcement [today]," the German bank says. The 10-year U.K. gilt yield trades last at 1.340%, according to Tradeweb. (email@example.com)
Salt Lake Potash CEO Resigns, Advanced Talks Under Way with Replacement
Salt Lake Potash Ltd. said Friday that Chief Executive Officer Tony Swiericzuk has resigned, and that the board is in advanced discussions with a replacement CEO.
Air Partner Sees Lower 1H Underlying Profit
Air Partner PLC said underlying pretax profit for the first half of fiscal 2022 is expected to be lower than in the prior year, but it is optimistic about prospects for its charter and safety-and-security divisions.
Amigo Holdings 1Q Profit Rose Amid Pause in Lending
Amigo Holdings PLC said Friday that its fiscal first-quarter pretax profit significantly improved as a pause in lending helped make the business cash generative, and that uncertainty still remains over its ability to continue as a going concern.
East Imperial Shares Rise After Signing New Supply Deals in New Zealand, Australia
Shares in East Imperial PLC rose Friday as the company signed new supply agreements in New Zealand and Australia.
Starcom 1H Loss Narrowed
Starcom PLC said Friday that its loss for the first half of 2021 narrowed and that it believes its supply-chain services will become increasingly valuable amid continuing logistics constraints.
Sportech CEO, CFO to Step Down
Sportech PLC said Friday that Chief Executive Officer Richard McGuire and Chief Financial Officer Tom Hearne will step down from their current roles next month, and that they will be replaced by two internal promotions.
Polymetal's Prognoz Project to Add $60 Mln of Ebitda by 2024
0818 GMT - Polymetal on Thursday said it had approved fast-track development for its Prognoz silver project in Russia, which is expected to be adding around $60 million to the company's Ebitda by 2024, Jefferies says. First ore is expected to be mined in the first quarter of 2023. Moreover, the Veduga gold project is likely to be approved at the November capital markets day, the U.S. bank says. However, the precious metals miner has increased 2021 capex guidance for the second time this year, reflecting inflationary pressures. "Unless travel restrictions significantly ease by that time, the subsequent wage inflation in the construction sector impacting project development in Russia would likely continue into 2022, lifting medium-term capex forecasts." (firstname.lastname@example.org)
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