LONDON, June 19, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding Kazakhmys Plc (LON: KAZ), Premier Farnell Plc (LON: PFL), Meggitt Plc (LON: MGGT), Debenhams Plc (LON: DEB) and Balfour Beatty Plc (LON: BBY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3898-100free.
Kazakhmys Plc Analyst Notes
On June 17, 2014, Kazakhmys Plc announced that it has completed the acquisition of Koksay, initially announced on February 27, 2014. The purchase price of the transaction is $260 million in cash, of which $65 million is deferred. Of the deferred consideration, $30 million is payable on January 1, 2015 and $35 million on July 31, 2015 and the second installment is subject to confirmation of reserves. According to the Company, the project is at scoping stage and has an estimated mine life of over 20 years with average annual production of around 80 kt of copper cathode equivalent, 60 koz of gold, 400 koz of silver and 1 kt of molybdenum in concentrate. Koksay deposit is in south eastern Kazakhstan, nearly 234 kilometres from Almaty. The full analyst notes on Kazakhmys are available to download free of charge at:
Premier Farnell Plc Analyst Notes
On June 12, 2014, Premier Farnell Plc (Premier Farnell) announced that it is re-structuring its business and the executive management team. According to the Company, the new team will be led by the Group CEO, Laurence Bain and has been designed to develop the Company's operating model to an integrated, global organizational structure in its marketing and distribution businesses, MDD Americas and MDD Europe & Asia Pacific. The new executive team includes global functional leaders for Sales and Marketing, Product and Suppliers, Supply Chain, and Technology, as well as leaders for support functions. Premier Farnell stated that the team has two new members, namely, Chris Breslin appointed as Chief Product Officer and Nick Wilkins as interim Global Chief Supply Chain Officer. The current leadership structure for CPC, MCM and Akron Brass remain in place and continue to report to the CEO directly. The full analyst notes on Premier Farnell are available to download free of charge at:
Meggitt Plc Analyst Notes
On June 11, 2014, Meggitt Plc in a regulatory disclosure reported that the Trustee of the Meggitt Plc Share Incentive Plan had purchased shares on the London Stock Exchange on behalf of Directors/PDMR. As notified on June 10, 2014, Stephen Young, CEO purchased 24 shares at £5.255 with a total shareholding of 430,701 representing 0.05% of issued share capital. Philip Green, Corporate Affairs Director also purchased 24 shares at £5.255 with total shareholding of 558,128 and 0.07% of issued share capital. As informed, David Johnson, Chief Operating Officer, Ian Joesbury, SBU President, and Chris Allen, Group Director, Engineering and Strategy, too purchased 24 shares each at the price of £5.255. The full analyst notes on Meggitt are available to download free of charge at:
Debenhams Plc Analyst Notes
On June 17, 2014, Debenhams Plc (Debenhams) reported that the sales of three piece suits have overtaken sales of two piece options at department store Debenhams for the first time in decades. The Company informed that the trend for tailored three piece suits and smart dressing has shown a remarkable incline in recent weeks with sales mounting by 44%. Debenhams stated that the Hammond & Co. collection by Savile Row tailor and Sewing Bee judge, Patrick Grant, are amongst the most successful lines. Lizzie Singleton, Spokesperson, Debenhams said, "Guys are smartening up their act - we haven't seen men looking this smart since Chris Eubank single handily killed the trend in the 1990s. Gone are the days of casual summer dressing - men are keeping up appearances in smart tailoring but opting for lighter options such as linen." The full analyst notes on Debenhams are available to download free of charge at:
Balfour Beatty Plc Analyst Notes
On June 17, 2014, Balfour Beatty Plc (Balfour Beatty) announced that its joint venture (JV) has been named selected bidder for two new acute care hospitals in Vancouver, British Columbia, Canada. Balfour Beatty will invest CAD 17.2 million (£9.3 million) into the project, which represents 50% of the equity required. Its JV partner Graham Group Ltd will undertake the construction and Balfour Beatty will be responsible for the delivery of soft facilities management services. Steve Marshall, Balfour Beatty's Executive Chairman, said, "The Canadian healthcare market is a new and growing market for us and we are very pleased to be the selected bidder for our second project there this year. The potential of the North America market is substantial and this latest project is further evidence of how we are combining our financing, development and construction expertise to deliver great value to our clients." The full analyst notes on Balfour Beatty are available to download free of charge at:
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