DAILY BRIEFING: Acacia Mining soars after striking deal with the Tanzanian government
Glittering: Shares in Acacia Mining soared
GOLD DEAL Shares in Acacia Mining soared after a deal with the Tanzanian government to resolve a long-running dispute.
Its owner, Barrick Gold, will hand over a 16 per cent stake in three gold mines, a 50 per cent share of revenues from those mines and a payment of £227.8million.
GAMES BOOM Fantasy miniatures maker Games Workshop said its sales and profits are running ‘well above’ the same period last year, sending shares up 12.1 per cent, or 243p, to 2250p.
In July, it reported a 126pc increase in profit to £38.4million, while sales had soared 34 per cent to £158million.
HURRICANE HIT Billionaire Jim Ratcliffe’s firm Ineos took a £44million hit from hurricane Harvey in Texas.
The chemicals and oil company made £519m profit during the third quarter, according to unaudited results, compared to £582million in the same quarter the year before.
M&S MORTGAGES Marks and Spencer is to start selling mortgages through M&S Bank, which it set up five years ago.
NUCLEAR DEAL Swiss firm ABB has won a £98million contract to design, supply and install cables to feed power from the Hinkley Point C plant in Somerset to the grid.
CONCRETE SALE Landscaping firm Marshalls has bought concrete maker CPM Group for £38.3million.
CHINA GROWTH The economy in China grew at an annual rate of 6.8 per cent between July and September – slightly slower than the 6.9 per cent in the previous quarter.
PIZZA ACTION Pizza firm Domino’s has bought German chain Hallo Pizza for £28.8million.
RENTOKIL RISE Pest control specialist Rentokil reported a 13.7 per cent rise in third-quarter sales to £579.5million after a spate of acquisitions.
RBS SALE Bailed-out Royal Bank of Scotland may sell its stake in markets business Euroclear, which could net a profit of tens of millions of pounds.
AMEX CHANGE The boss of credit card firm American Express Kenneth Chenault, 66, is stepping down after 16 years.
GOING OUT Norway’s Helly Hansen has snapped up British outdoor clothing brand Musto in a deal valued at about £50million.
TRUCKING ON First-half profits at Stobart have soared 933 per cent, from £10.8million last year to £111.6million.
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