Randgold profit surges on gold price

first_img whatsapp Show Comments ▼ John Dunne whatsapp Randgold profit surges on gold price Tags: NULL Sharecenter_img Monday 7 February 2011 3:35 am Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo MINER Randgold Resources posted a jump in profits, fuelled by soaring gold prices.The FTSE 100 company posted a profit before income tax and financing activities of $136m (£84m), up from $113.7m in 2009.Gold sales were $487.67m, against $434m before.In a statement Randgold said it “forged ahead” in what had been a tough year. last_img read more

Expectations of inflation at 2.5 year high

first_img Thursday 17 March 2011 8:41 pm KCS-content Share Tags: NULL whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap whatsapp Show Comments ▼ Expectations of inflation at 2.5 year high INFLATION expectations have risen to their highest level since August 2008, increasing the likelihood that price pressures are seeping through into second round effects.Britons expect inflation of four per cent over the coming year, according to the latest Bank of England survey released yesterday.Expectations rose from the 3.9 per cent level, recorded in the previous survey last November. The Bank will be concerned that, on average, people believe inflation is currently at 4.4 per cent – up half a percentage point from November’s survey – 3.9 per cent.Inflation hit four per cent in January, with the Office for National Statistics (ONS) delaying the announcement of February’s level until Tuesday next week.Previous Bank of England monetary policy committee member Deanne Julius recently said that February’s rate “could be the shocker” that convinces the Bank to move rates.Almost two thirds (62 per cent) of respondents expected rates to rise over the next 12 months, compared with 52 per cent in November.A quarter of people now think that higher interest rates would be “best for the economy,” up from a fifth in November. Just over a third, 34 per cent, think rates should stay where they are.A positive balance of 17 per cent thought that the Bank was “doing its job to set interest rates to control inflation,” down from 23 per cent last time around.“This is its lowest level since the last spike in inflation and the financial crisis in 2008-09,” said Chris Crowe of Barclays Capital. “This does suggest that credibility concerns are valid.”“With the recession over, the renewed dissatisfaction with the Bank probably is mainly attributable to the repeated inflation overshoots,” added Citi’s Michael Saunders.Long-term expectations will also be a concern for the Bank, with both measures – over two years and five years – increasing by 0.2 per cent since November. In the next 48 months people expect inflation to fall slightly to 3.4 per cent, yet over five years still expect it to remain stubbornly above the Bank’s two per cent target – at 3.5 per cent. last_img read more