LME's New Steel, Aluminium Contracts Attract Scant Interest
The London Metal Exchange's new aluminium and steel contracts failed to attract much interest at their launch on Monday, highlighting the struggle they face to gain traction and liquidity. The launch on Monday is a key element of a strategy by the LME's owner, Hong Kong Exchanges and Cleaning (HKEx) <0388.HK>, to boost profitability at the 138-year-old exchange. The new contracts in steel rebar ... Read News
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Local Government Cuts Hit Mitie Healthcare Business
Cuts to British local government spending held back Mitie's (MTO.L) first-half profit, the outsourced services provider said on Monday, as the company responded by closing a number of its healthcare activities. Mitie, whose healthcare offering ranges from home care for the elderly to hospital cleaning, also warned that conditions would remain challenging for a further year before the division ... Read News
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