BRIEF-Josef Mandelbaum to step down as CEO of Perion
* Says board of directors has begun a search for company's next CEO Source text for Eikon: Further company coverage:
MOSCOW, Sept 18 Russian gold miner Highland Gold said on Wednesday first-half net profit fell by almost 65 percent year on year to $17 million due to a steep fall in the gold price.
Gold, which has seen its sharpest drop in price in a generation, currently trades around $1,300 an ounce, compared with a record peak of over $1,920 two years ago.
The company, partly owned by oligarch Roman Abramovich, said it would cut its interim dividend by almost 50 percent to 2.5 pence ($0.04) per share.
Revenue was little changed compared with the first half of 2012, at $157 million, Highland Gold said, generating earnings before interest, tax, depreciation and amortisation of $63 million, down 11.5 percent year on year.
"The company practices a 'no hedge' policy and metal price fluctuations will continue to affect the Group's profits in the future," Eugene Shvidler, Highland Gold's non-executive chairman, said in a statement.
MUMBAI, Sept 27 Google, a unit of Alphabet Inc , said on Tuesday it launched Google Station in India, a service that aims to deepen its reach across the country, as the search giant seeks to bring more people on to its Google platform.
Sept 27 Britain's FTSE 100 index is seen opening up 44 points on Tuesday, or as much as 0.7 percent, according to financial bookmakers, with futures also up 0.7 percent ahead of the cash market open.