GoldGilt’s $1.2B cash injection means it’s in ‘good shape’

GoldGilts’ $1,2 billion cash injection into its retail business means it is in “good shape,” its chief executive said on Tuesday, adding that the company’s new $9 billion facility will make it one of the top-performing in the industry.“We’ve done it.We’ve achieved it,” Gilt’s chairman and chief executive, James Green, told reporters.The company is expected …

‘A bit of a shock’: Goldsmiths announces loss of 70 jobs after falling gold price

GOLDSTOCK ADDRESSES: GOLDSTILLs gold price has fallen by around 20% from its peak in mid-March, but the stock market has had its ups and downs.The price of gold has fallen from a peak of $1,330 an ounce to $1.3,300, but that has not been enough to save the Goldsmith Group.The loss of the 70 jobs …