City news: Randgold Resourese, BT, Jaguar Land Rover, Imagination Technologies
Randgold Resources gave investors a 10 per cent dividend increase
The FTSE 100 company, up 700p to 6000p and whose operations span Mali, Ivory Coast, Senegal and Democratic Republic of Congo, increased output by 6 per cent to 1.2 million ounces.
Annual profit fell 21 per cent to $212.8million as the average gold price dropped from $1,264 to $1,152 an ounce but cash soared 158 per cent to $213.4million.
BT's Tony Chanmugan is preparing to step down
BT Group is ringing changes in the boardroom as Tony Chanmugam prepares to step down after more than seven years as finance director.
The telecoms giant has begun the search for a successor but said no formal decision had been taken on a replacement or when they would start.
Chanmugam was appointed group finance chief in 2008, having had the same role in BT’s retail arm and global solutions business, which serves multinational customers in over 100 countries.
Jaguar Land Rover had a record performance for January
BUMPER sales in the UK and overseas drove Jaguar Land Rover to a record January performance.
The luxury car maker followed up its strongest annual global sales in 2015 by shifting 46,016 vehicles last month, up 24 per cent on the previous year.
Sales improved across all regions, with Europe 65 per cent ahead and the UK up 36 per cent, while North America and China, where locally-made Discovery Sport proved popular, gained 9 per cent and 5 per cent.
JLR director sales operations director Andy Goss said: “It is a great start to the new year.”
Sir Hossein Yassaie has resigned after 18 years in charge of Imagination Technologies
THE boss of Imagination Technologies has quit after the chip company warned it would suffer a loss this year.
Sir Hossein Yassaie resigned after 18 years at the helm of the firm, whose customers include Apple.
Imagination will also sell its Pure digital radios business as part of a restructuring aimed at saving £15million in 2017.
The company cited lower than expected royalties from some key customers and uncertainty about trading prospects with China.
Sir Hossein said: “It’s now time for someone else to lead this great company.”