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Energy firms' costs 'hit five-year low'

2016-01-14 01:00:04| BBC News | Business | UK Edition

Wholesale gas and electricity prices in the UK hit a five-year low at the end of 2015, according to latest research by energy markets analysts.

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Hain Celestial Hit by Growing Ranks of Rivals for Organic Foods

2016-01-13 18:41:47| Food - Topix.net

A pioneer in the organic food business is learning that keeping sales and profits healthy is a bit more challenging now than in years past. , which hawks organic food under multiple brands such as Blueprint and Celestial Seasonings brands, warned on Monday that sales and profits for the year would fall short of its prior estimates.

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Sherritt, Sumitomo take $1.7 bln hit on Madagascar nickel mine

2016-01-13 10:32:31| Food - Topix.net

Jan 13 Canada's Sherritt International Corp and Japan's Sumitomo Corp said on Wednesday they would book more than $1.7 billion of losses on their Ambatovy nickel mine in Madagascar, as prices at 12-year lows wreak havoc among miners. The companies had been ramping up production at the 60,000 tonne a year nickel mine, but the prolonged slump in commodities is taking an ever greater toll on miners and traders, forcing losses, asset sales and writedowns, with no end in sight as the new year starts.

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Sherritt, Sumitomo take $1.7 bln hit on Madagascar nickel mine

2016-01-13 09:07:07| Grocery - Topix.net

Jan 13 Canada's Sherritt International Corp and Japan's Sumitomo Corp said on Wednesday they would book more than $1.7 billion of losses on their Ambatovy nickel mine in Madagascar, as prices at 12-year lows wreak havoc among miners. The companies had been ramping up production at the 60,000 tonne a year nickel mine, but the prolonged slump in commodities is taking an ever greater toll on miners and traders, forcing losses, asset sales and writedowns, with no end in sight as the new year starts.

Tags: hit mine madagascar nickel

 

US end mostly higher, but energy sector hit by slump in oil

2016-01-12 01:38:56| Oil & Gas - Topix.net

The U.S. stock market mounted a last-minute comeback to close slightly higher on Monday, snapping a three-day losing streak. The Standard & Poor's 500 index and the Dow Jones industrial average each eked out a tiny gain, while the Nasdaq composite ended slightly lower.

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