Central Asia Metals – Accretive transaction boosts cash flow and dividend paying capacity
Central Asia Metals (CAML) has transformed itself from a single-asset copper producer to a significantly larger base-metal producer. The acquisition appears to have added a lot of value to the company and has added another low-cost base metal operation. QuotedData’s model suggests that this could allow CAML to almost double its earnings per share (EPS), which in turn could allow it to maintain its dividend flow and yield. The company completed the US$402.5m acquisition of the Sasa lead and zinc...
MP’s hear heartbreaking plea: Universal Credit means “Victorian Christmas even Scrooge didn’t think of”
Helen Goodman made a heartfelt plea for families on Universal Credit this festive period, saying it's not so much a merry Christmas as a Victorian Christmas that even Scrooge didn't think of. Almost a quarter of her constituents in Bishop Auckland will be affected by the changes in December which will leave many people with a six week gap in payments. In her words "this is not a wait it is a cut, and many would say over Christmas it is the...
Last Da Vinci in private hands sells for record $450 MILLION
After stops in London and other global cities for viewings, a painting believed to be by Leonardo da Vinci has sold at auction in New York for a record $450 million. The painting, Salvator Mundi (Saviour of the World), is among fewer than 20 by the Renaissance painter who lived over 500 years ago that are still in existence and the only one that was privately owned. All others are in museums and art galleries around the globe. "On a...
If you think Mike Ashley wants to sell Newcastle United – think again
Mike Ashley's public plans to sell Newcastle United are nothing but a means to stave off spending in the January transfer window, sources close to the club have revealed. The Sports Direct owner says he wants the club off his hands by Christmas, according to the Newcastle Chronicle. But it could simply be a case of history repeating itself, with ownership speculation meaning the chairman won't have to put his hands in his pocket when the transfer window opens again on...
Prince Harry Hosts Remembrance Dinner To Celebrate The Gurkha Welfare Trust
A Remembrance Dinner hosted by His Royal Highness Prince Henry of Wales took place last night (15 November) to celebrate the vital work of The Gurkha Welfare Trust (GWT), a charity close to his heart. Prince Harry hosted the celebration of the charity’s work at the State Apartments in Kensington Palace. Prince Harry has a special interest in the charity having served with the 1st Battalion The Royal Gurkha Rifles during his tour of Afghanistan in 2007-2008, where he memorably...
Axe property height rules in Autumn Budget, urges property industry
An influential group of housing associations have written to the Chancellor, Philip Hammond. They urge him to allow properties to be extended in height, matching the tallest tree or building in the area - without seeking planning approval. The group of housing associations, Placeshapers, Orbit, G15, Place for People and Midland Heart wrote in a letter to the Chancellor: "We believe that, ‘build up not out’ has the potential to substantially increase the supply of sites for development. "We have...
UK would be like “Cuba without the sunshine” under Corbyn – says fat cat banker
A Goldman Sachs banker has likened the UK under Jeremy Corbyn to "Cuba without the sunshine" in a nervy attack on the Labour leader at the Super Investor private-equity conference in Amsterdam. Fat cat Bobby Vedral warned the apparent chaos in Theresa May’s government has raised the risk of Mr Corbyn, who has been vocal about taxing the rich, taking over as Prime Minister. According to reports in the Financial Times Vedral, who also tipped Marine Le Pen to win the...
Watch: This man cave has just been crowned Games Room of the Year 2017
A games room consisting of a football themed bar in a converted loft has been crowned as the winning entry for Games Room of the Year 2017. The national competition drew hundreds of entries from all over the UK, with Graeme Strachan, of Brechin, Angus, taking the coveted prize. The games room is an immaculately finished Aberdeen FC tribute that includes a working bar with beer pumps, Dons memorabilia adorning the walls and red seating in keeping with the theme. Two...
Venue where The Beatles first performed their debut single is being auctioned
The dance hall where The Beatles first performed their debut single is going to auction - with a guide price of just £175,000. An audience of teenage girls screamed as John, Paul, George and Ringo belted out ‘Love Me Do’ in 1962 at the Majestic Ballroom in Birkenhead, Merseyside. The venue was built as a cinema in 1916, but its glory days were the 1960s when it was at the centre of the Liverpool and Merseyside music scene. The dance...