Posts tagged 'capex'

On diminishing capital intensity

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Jan 10 13:22 | Comment |

An interesting debate is popping up regarding the topic of capital expenditure.

Take the latest from Societe Generale’s Andrew Lapthorne and team. They argued on Thursday that the commonly held belief that companies’ capital investing ratios have been falling, whilst hoarded cash pools have been going up, is inaccurate. Read more

Miner jelly beans

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Feb 23 2011 08:15 | Comment |

Our eyes are bleeding:

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Global resources spending soars

| Dec 15 2010 04:20 | Comment |

Global spending on mining, energy resources and commodities will surpass pre-crisis levels next year, according to an emerging industry consensus, indicating rising confidence in an economic recovery led by China and other fast-growing markets, reports the FT. The boom in capital expenditures, across oil, natural gas and agribusinesses, comes as prices jump for commodities such as copper, iron ore, crude oil and wheat. It also raises the prospect of short-term bottlenecks in the already stretched supply of equipment and services, and project delays as costs rise. Global mining expenditure is set to hit a record $115bn-$120bn next year, above the peak of $110bn set in 2008, according to a survey of industry executives and consultants. Read more