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Last year Carphone Warehouse hung up on its partnership with US retailer Best Buy, but today it picked up new partner Samsung and approving investors piled in.

Market Report: Chinese recovery helps miners dig in

Signs of a recovering services economy in China and better iron ore prices pushed mining stocks toward the top of the blue chip table yesterday, but even this wasn't enough to dig the Footsie out of a hole. HSBC's Chinese services data suggested the Chinese economy performed well in October while iron ore prices also helped the mood.

Mark Leftly: Hiding results is bad news in any language

In The City: Virtually every company is trying to bluff its way to a profit

Copper miner Kazakhmys takes $823m hit on sale of ENRC stake

The copper miner Kazakhmys today took an $823 million (£527 million) hit on its 26 per cent stake in ENRC, the scandal-scarred miner poised to be taken private after five turbulent years on the London Stock Exchange.

High hopes for first Glencore results

The new powerhouse of world mining, Glencore Xstrata, will unveil its first set of half-year results next week with analysts expecting bumper profits approaching $6bn (£3.8bn).

A happy stock market trader in the US, earlier this week

FTSE index surges up as US says it will keep pumping money into economy

FTSE 100 up by more than 40 points, led by mining stocks as Fed head Ben Bernanke says he's committed to monetary stimulus

Kazakh muscle to succeed in lowball bid for stricken ENRC

The government of Kazakhstan last night looked set to take the scandal-struck mining giant ENRC off the London Stock Exchange in the hope of stemming the tide of negative publicity it has brought the mineral-rich nation.

The Business Matrix: Friday 7 June 2013

Car sales roar to six-year high

Kazakhstan and founders mull bid for Central Asian miner ENRC

Shares in Eurasian Natural Resources Corporation (ENRC) jumped by  26 per cent yesterday after a consortium of key shareholders in the Kazakh miner announced they were considering an offer for the company.

James Moore: Mick Davis won't be worried to jet off early

Outlook So Mick Davis has left the building a bit earlier than expected. The £30m in retention bonuses a supine board planned to kick his way following the marriage of his Xstrata with Ivan Glasenberg's Glencore almost became the straw that broke the back of this unlovely Bactrian when investors cried foul.

Green light for Glencore

Giant commodity trader Glencore is set to get final clearance for its $32 billion (£20.9 billion) takeover of mining group Xstrata some 14 months after it first launched their bid.

Kazakhmys shares dive as it takes $2bn hit on ENRC

Shares in FTSE 100 copper miner Kazakhmys tumbled by more than 7 per cent yesterday after it wrote down the value of its stake in fellow Kazakh miner ENRC by $2.2bn (£1.4 bn).

Kazakhmys' ENRC blow

Copper miner Kazakhmys will this week confirm a huge writedown of about $2bn (£1.3bn) in the value of its 26 per cent stake in fellow Kazakh miner ENRC.

Founders hit for $100m as ENRC dives into the red

ENRC's founding trio of major shareholders are collectively about $100m (£66m) out of pocket after a $1.5bn charge plunged the Kazakh-focused miner into the red last year.

Polish rescuers bring trapped miners out of collapsed shaft

Polish rescue workers tunnelled through collapsed rock to reach 19 workers trapped in a mine shaft and are now bringing them to the surface, a spokesman for the company operating the mine said.

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