Platinum Underwriters Holdings Ltd. declared that it has posted a lower first-quarter profit, hurt by a dip in premiums at casualty, and property and marine segments, but the results topped market estimates. Chief Executive Michael Price stated: The U.S. property catastrophe market continues to improve and we expect increased demand and higher pricing for the [...]
Anglo also announced a 3% fall in 2008 pre-tax profit to $8.57bn (£6bn) and warned that 2009 would be tough. For full story, click here
The world’s second-biggest platinum producer, will release its annual profit figures on Feb. 19. For full story, click here
Platinum has bounced more than 30 percent since plunging to a five-year low of approximately $732 an ounce in October. This ascent is occurring despite the absence of physical buying from the industrial sector. This rebound, without appropriate technical recovery is puzzling analysts.
Aquarius Platinum’s fiscal full-year profit increased 26 percent as prices gained. For full news, click here
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