Azerbaijan-focused gold miner Anglo Asian Mining PLC (LON:AAZ) has seen a huge surge in profits as production came in at the top of the forecast range. Earnings jumped to US$25.2mln from US$5.7mln a year earlier.
Strategic Minerals (LON:SML) has received more good news from its Redmoor tungsten and tin deposit in Cornwall. A scoping study suggests an indicative production rate of 600,000 tonnes a year and potential mine life of more than ten years is feasible.
Underlying profits at Burberry (LON:BRBY) fell 6% on unchanged sales as currencies and promotions affected margins. Burberry will buyback £150mln of shares and has upped its cumulative cost savings target to £135mln.
Premier Oil (LON:PMO) has lifted its 2019 full year production guidance to between 75-80,000 barrels per day after a 14% increase year-to-date.
Troubled tour operator Thomas Cook (LON:TCG) posted a half-year loss of nearly £1.5bn after a huge write-down on its merger partner MyTravel. Revenue of £3bn was in line with last year but underlying losses rose by £65mln to £245mln due to pressure on prices in the package tour business.