Investing.com -- Here's a roundup of the regulatory news releases from the London Stock Exchange on Friday, 1st November.
Russian-based coal and steel group Evraz (LON:EVRE) said its total crude steel productions fell 3.4% in the third quarter from the previous three months, due largely to weaker demand at its U.S. and Canadian mills. Output at the Russian mills also dipped due to scheduled maintenance.
Output of coking coal also fell 9.7% on the quarter, as the company focused on whittling down unsold stocks. External sales of coking coal products were flat overall.
External sales of iron ore products fell 31% on the quarter due to capital repairs at its KGOK complex.
Building materials group CRH (LON:CRH) said it had completed the 1.64 billion euro ($1.83 billion) disposal of its Europe distribution business, which was originally announced in July.
Mining group BHP (LON:BHPB) said it had taken a step to restarting production at the Samarco mine in Brazil, which has been out of action since a fatal dam burst in 2015. The company said it had approved $44 million in spending related to the restart of a concentrator at the complex. The money will be used to construct a filtration plant over the next 12 months
"Samarco has now obtained all environmental licenses required to progress towards operational restart. Restart can occur when the filtration system is complete and Samarco has met all necessary safety requirements," the company said.
Rentokil (LON:RTO) said it had agreed to buy Florida Pest Control, a company with some $66 million in annual revenues. Terms of the deal weren't disclosed.
Broking group TP ICAP (LON:TCAPI) said revenue rose 13% in currency-adjusted terms from a year earlier in the third quarter, with a strong performance in rates offsetting weaker credit and equities activity and pushing the biggest division, global broking, to a 10% increase. It also said recent hires and acquisitions had boosted its energy and commodities business, where revenue grew 24%. However, the group didn’t upgrade its full-year guidance for growth of less than 10% in constant currencies. It said “current geopolitical uncertainties…may have an impact on transaction volumes in the fourth quarter.”
Broking group TP ICAP (LON:TCAPI) said revenue rose 13% in currency-adjusted terms from a year earlier in the third quarter, with a strong performance in rates offsetting weaker credit and equities activity and pushing the biggest division, global broking, to a 10% increase.
It also said recent hires and acquisitions had boosted its energy and commodities business, where revenue grew 24%.