Premier is in a strong financial position, with cash and undrawn facilities of $1.5 billion. Simon Lockett, Chief Executive, commented: . "We are pleased with the field production performance in the early months of 2012 and with the tangible progress that has been made on our next generation of development projects. Our focus over the next few months will be on ensuring the continued high quality execution of our projects and on building the materiality of our future exploration portfolio.". 
Share:  <span class="company">Premier</span> is in a strong financial position, with cash and undrawn facilities of $1.5 billion. <span class="sent"><span class="analyst">Simon Lockett</span>, Chief Executive, commented: .</span> "We are pleased with the field production performance in the early months of 2012 and with the tangible progress that has been made on our next generation of development projects. Our focus over the next few months will be on ensuring the continued high quality execution of our projects and on building the materiality of our future exploration portfolio.". Tweet this   read full story

"This has been a transformational year for the group, in which we completed the Cairn India acquisition, announced the consolidation of the group, and delivered strong production growth. We are one of the largest diversified natural resources companies globally, and with our growth projects largely completed, are well placed to continue this strong growth," according to Chairman Anil Agarwal. . . . BC. 
Share:  "This has been a transformational year for the group, in which we completed the Cairn India acquisition, announced the consolidation of the group, and delivered strong production growth. <span class="sent">We are one of the largest diversified natural resources companies globally, and with our growth projects largely completed, are well placed to continue this strong growth," according to Chairman <span class="analyst">Anil Agarwal</span>. .</span> . . BC. Tweet this   read full story

Inclusion in FTSE 250 index as at the end of March 2012. Donald Wolcott, Chief Executive, RusPetro plc, said: . "We have started 2012 with excellent progress on infrastructure build out and encouraging drilling results where we continue to see productive sands as modelled. We have completed significant infrastructure projects ahead of time and under budget, demonstrating our commitment to delivery of the goals set out at the IPO. 
Share:  Inclusion in FTSE 250 index as at the end of March 2012. <span class="sent"><span class="analyst">Donald Wolcott</span>, Chief Executive, <span class="company">RusPetro plc</span>, said: .</span> "We have started 2012 with excellent progress on infrastructure build out and encouraging drilling results where we continue to see productive sands as modelled. We have completed significant infrastructure projects ahead of time and under budget, demonstrating our commitment to delivery of the goals set out at the IPO. Tweet this   read full story

Chief Operating Officer Chase Carey repeated the company's defense of Murdoch, News Corp.'s founder, controlling shareholder and CEO who was blasted in a U. K parliamentary committee report last week as being unfit to run a major international company. "Both the board and I rebuff any notion that he is unfit to run this company," Carey said. Murdoch, 81, was not present on the quarterly conference call. The British hacking probe has forced News Corp to postpone its bid to increase its 39 percent stake in BSkyB. 
Share:  Chief Operating Officer Chase <span class="analyst">Carey</span> repeated the company's defense of Murdoch, <span class="company">News</span> Corp.'s founder, controlling shareholder and CEO who was blasted in a U. K parliamentary committee report last week as being unfit to run a major international company. <span class="sent">"Both the board and I rebuff any notion that he is unfit to run this company," <span class="analyst">Carey</span> said.</span> Murdoch, 81, was not present on the quarterly conference call. The British hacking probe has forced <span class="company">News</span> Corp to postpone its bid to increase its 39 percent stake in BSkyB. Tweet this   read full story

Macy's, Inc ( ) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer centric localization initiatives. To help drive traffic, Macy's continues to focus on price optimization, inventory management and merchandise planning. 
Share:  <span class="company">Macy</span>'s, Inc ( ) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer centric localization initiatives. To help drive traffic, <span class="company">Macy</span>'s continues to focus on price optimization, inventory management and merchandise planning. Tweet this   read full story

EBITDAR (pre foreign exchange gains) of R88 million was achieved while the Rand weakness in the second half of the year positively impacted the translation of monetary items resulting in a R13 million foreign exchange gain. CEO Marcel von Aulock commented: "The accelerated trading performance across the group's operations in the second half of the year is encouraging although the sustainability thereof is uncertain. Nevertheless, the group remains highly cash generative and has significant opportunities to invest capital in its growth strategy. Our ability to do so will depend on the final outcome and impact of the numerous proposed regulatory and tax changes currently being considered by government. 
Share:  EBITDAR (pre foreign exchange gains) of R88 million was achieved while the Rand weakness in the second half of the year positively impacted the translation of monetary items resulting in a R13 million foreign exchange gain. <span class="sent">CEO <span class="analyst">Marcel von Aulock</span> commented: "The accelerated trading performance across the group's operations in the second half of the year is encouraging although the sustainability thereof is uncertain.</span> Nevertheless, the group remains highly cash generative and has significant opportunities to invest capital in its growth strategy. Our ability to do so will depend on the final outcome and impact of the numerous proposed regulatory and tax changes currently being considered by government. Tweet this   read full story

In a talk with analysts and investors early Tuesday evening, Ron Johnson, who became Penney's chief executive officer in November, acknowledged that the first quarter was "tougher than anticipated" and said that he expects 2012 to be a difficult year. "We had to make the bold step [in pricing]," Johnson said on the call. "It's one big year we have to go through. It's really hard but we'll get through it.". Johnson , whose efforts to wean shoppers off a barrage of bargains is being watched closely by other retailers who would love to do the same , may be given more leeway than most to make good on his word. 
Share:  In a talk with analysts and investors early Tuesday evening, Ron <span class="analyst">Johnson</span>, who became Penney's chief executive officer in November, acknowledged that the first quarter was "tougher than anticipated" and said that he expects 2012 to be a difficult year. <span class="sent">"We had to make the bold step [in pricing]," <span class="analyst">Johnson</span> said on the call.</span> "It's one big year we have to go through. It's really hard but we'll get through it.". <span class="analyst">Johnson</span> , whose efforts to wean shoppers off a barrage of bargains is being watched closely by other retailers who would love to do the same , may be given more leeway than most to make good on his word. Tweet this   read full story

The head of mining products company Boart Longyear has disputed claims by BHP Billiton that commodity price falls and global economic uncertainty are causing miners to scale back. Chief executive Craig Kipp said Boart Longyear, the world's biggest drilling company, had not noticed any changes in the number of mining projects around the world. "We haven't heard from a lot of majors outside of Australia that there's a change in their plans, change in budget, that there's massive realignment or expectations going on," he told a company investor day on Thursday. His comments came a day after BHP chairman Jacques Nasser said the resources giant had canned plans to spend $80 billion on growth projects amid falling commodity prices and worries about Europe 
Share:  The head of mining products company <span class="company">Boart Longyear</span> has disputed claims by BHP Billiton that commodity price falls and global economic uncertainty are causing miners to scale back. <span class="sent">Chief executive <span class="analyst">Craig Kipp</span> said <span class="company">Boart Longyear</span>, the world's biggest drilling company, had not noticed any changes in the number of mining projects around the world.</span> "We haven't heard from a lot of majors outside of Australia that there's a change in their plans, change in budget, that there's massive realignment or expectations going on," he told a company investor day on Thursday. His comments came a day after BHP chairman Jacques Nasser said the resources giant had canned plans to spend $80 billion on growth projects amid falling commodity prices and worries about Europe....His comments came a day after BHP chairman Jacques Nasser said the resources giant had canned plans to spend $80 billion on growth projects amid falling commodity prices and worries about Europe. <span class="sent">The only mining companies doing it tough were second tier juniors who were having trouble getting financing, Mr <span class="analyst">Kipp</span> said.</span> "It's been like that since right after the GFC (global financial crisis)," he said. Mr <span class="analyst">Kipp</span> said the uncertain global economic climate meant companies and their executives needed to learn how to adapt quickly...."It's been like that since right after the GFC (global financial crisis)," he said. <span class="sent">Mr <span class="analyst">Kipp</span> said the uncertain global economic climate meant companies and their executives needed to learn how to adapt quickly.</span> "If you're a chief executive or a chief financial officer of a major company today then you just have to learn how to live in this variable world because it's not going to change," he said. "Europe is going to be an issue for a while, the US has its challenges...."You could go right down the list of the potential issues for the next five to 10 years." <span class="sent">Mr <span class="analyst">Kipp</span> said the biggest issue facing <span class="company">Boart Longyear</span> in Australia was finding enough professional employees to fill jobs.</span> He said, regrettably, the company had had to import workers from Canada and the US. "The economy here is so strong that it's a challenge to find professional people," he said. "It's not that they're not there and the money almost isn't an issue. Tweet this   read full story

Detroit's automakers should regain some of their lost market share with strong new vehicles coming to market over the next four model years, largely at the expense of the Korean carmakers, according to an annual auto industry analysis by Bank of America Merrill Lynch. Toyota also will regain some lost share though Honda, Nissan and major European carmakers could remain flat, according to "Car Wars 2013 2016," released Wednesday by research analyst John Murphy of Merrill Lynch. The industry will be more profitable with a number of trucks, crossovers and luxury vehicles coming to showrooms by 2016. Total new vehicles coming to market. 176 by the 2016 model year 
Share:  Detroit's automakers should regain some of their lost market share with strong new vehicles coming to market over the next four model years, largely at the expense of the Korean carmakers, according to an annual auto industry analysis by Bank of America Merrill Lynch.<span class="sent"> <span class="company">Toyota</span> also will regain some lost share though Honda, Nissan and major European carmakers could remain flat, according to "Car Wars 2013 2016," released Wednesday by research analyst <span class="analyst">John Murphy</span> of Merrill Lynch.</span> The industry will be more profitable with a number of trucks, crossovers and luxury vehicles coming to showrooms by 2016. Total new vehicles coming to market. 176 by the 2016 model year....Detroit's automakers should regain some of their lost market share with strong new vehicles coming to market over the next four model years, largely at the expense of the Korean carmakers, according to an annual auto industry analysis by Bank of America Merrill Lynch.<span class="sent"> <span class="company">Toyota</span> also will regain some lost share though Honda, Nissan and major European carmakers could remain flat, according to "Car Wars 2013 2016," released Wednesday by research analyst <span class="analyst">John Murphy</span> of Merrill Lynch.</span> The industry will be more profitable with a number of trucks, crossovers and luxury vehicles coming to showrooms by 2016. Total new vehicles coming to market. 176 by the 2016 model year. Tweet this   read full story

Return of US$3.5 billion (bn) to shareholders in February 2012 ~ 22% interest retained in Cairn India Limited ( CIL) Group cash at 31 March 2012 of US$1.1bn Production from Rajasthan reached a major milestone of 175,000 barrels of oil per day (bopd) with potential remaining to produce 300,000 bopd Acquisition of Agora Oil & Gas in UK and Norwegian North Sea; completed 9 May 2012 Significant oil discovery for Agora at Skarfjell prospect in Norwegian North Sea Farm out of 30.625% interest in Pitu block in Greenland to Statoil ASA Bids submitted with JV partners, Marathon Oil Company, CC Energy S. A. L and Oranje Nassau Energie B. V., in Cyprus offshore round. Simon Thomson, Chief Executive, Cairn Energy PLC said: . "Cairn's aim is to create and capture significant value through a balanced portfolio of exploration and production assets. In 2012, we have made an excellent start in establishing that balance with the addition of Agora Oil & Gas. . 
Share:  Return of US$3.5 billion (bn) to shareholders in February 2012 ~ 22% interest retained in Cairn India Limited ( CIL) Group cash at 31 March 2012 of US$1.1bn Production from Rajasthan reached a major milestone of 175,000 barrels of oil per day (bopd) with potential remaining to produce 300,000 bopd Acquisition of Agora Oil & Gas in UK and Norwegian North Sea; completed 9 May 2012 Significant oil discovery for Agora at Skarfjell prospect in Norwegian North Sea Farm out of 30.625% interest in Pitu block in Greenland to Statoil ASA Bids submitted with JV partners, Marathon Oil Company, CC Energy S. A. L and Oranje Nassau Energie B. V., in Cyprus offshore round. <span class="sent"><span class="analyst">Simon Thomson</span>, Chief Executive, <span class="company">Cairn Energy PLC</span> said: .</span> "Cairn's aim is to create and capture significant value through a balanced portfolio of exploration and production assets. In 2012, we have made an excellent start in establishing that balance with the addition of Agora Oil & Gas. . Tweet this   read full story