MARKET TALK: Anglo American Beats Consensus;Minas Rio Worrisome
30th Jul 2010 09:34
0834 GMT [Dow Jones] Anglo American (AAL.LN) 1H operating profit is 5% above consensus forecast and in line with Credit Suisse's forecast, the bank says. Anglo American 1H operating profit at $4.4 billion compared to a company consensus forecast of $4.1 billion based on 12 analysts polled. Underlyi
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
30th Jul 2010 09:34
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0834 GMT [Dow Jones] Anglo American (AAL.LN) 1H operating profit is 5% above consensus forecast and in line with Credit Suis
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
30th Jul 2010 09:21
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0821 GMT [Dow Jones] Anglo American's (AAL.LN) 1H results slightly miss expectations, says Liberum Capital. Anglo American re
Read moreMARKET TALK: Anglo American 1H Misses View;Minas Rio A Concern
30th Jul 2010 09:21
0821 GMT [Dow Jones] Anglo American's (AAL.LN) 1H results slightly miss expectations, says Liberum Capital. Anglo American reported underlying EPS of $1.84 versus its expectations of $1.98, underlying net earnings of $2.2 billion, below Liberum's US$2.4 billion estimate, and Ebitda of $5.4 billion v
Read moreAnglo American CEO: Global Copper Demand Seen Up 5-6% Annually
30th Jul 2010 08:58
LONDON (Dow Jones)--Global copper demand is expected to grow 5% to 6% a year in the near to medium term, buoyed by strong Chinese demand for the red metal, the chief executive of Anglo American PLC (AAL.LN) said Friday. "We see copper prices up today and we are very bullish, driven first by Chin
Read moreAnglo American CEO: Nickel Market Seen In 20,000 Ton Deficit
30th Jul 2010 08:46
LONDON (Dow Jones)--The global supply of nickel is expected to fall 20,000 tons short of demand in 2010, the chief executive of Anglo American PLC (AA.LN) said Friday. "We believe there is a deficit due to operational issues" related to Anglo's peers, Cynthia Carroll said in a call with reporter
Read moreAnglo American CEO: Platinum Seen In 200,000 Ounce Deficit This Year
30th Jul 2010 08:42
LONDON (Dow Jones)--The global supply of platinum is expected to fall 200,000 troy ounces short of demand this year, the chief executive of Anglo American PLC (AAL.LN) said Friday. Cynthia Carroll said demand recovery in Platinum Group Metal has helped bolster Anglo American earnings in the firs
Read moreLondon open: Blue chips slip lower
30th Jul 2010 08:31
London's top stocks have opened lower with the focus on the latest earnings reports and GDP data due out in the US later today. Ash clouds from Iceland and strike action caused losses to grow at British Airways during a tough first quarter, although the airline still expects to break-even for the y
Read moreAnglo American CEO:Minas Rio To Start Output Earliest In 2013
30th Jul 2010 08:04
LONDON (Dow Jones)--Anglo American PLC (AAL.LN) is expected to start producing iron ore from its flagship Brazilian Minas Rio iron ore project in 2013 at the earliest, the company's chief executive said Thursday. The Minas Rio project was originally expected to start producing iron ore in 2012 b
Read moreLondon pre-open: Earnings and US GDP in focus
30th Jul 2010 07:34
London's top stocks look set for a 25 point drop with investors likely to focus on the latest earnings reports and GDP data due out in the States later today. Ash clouds from Iceland and strike action caused losses to grow at British Airways during a tough first quarter, although the airline still
Read moreAnglo American 1H Net Profit -31%; Reinstates Dividend
30th Jul 2010 07:23
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global diversified miner Anglo American PLC (AAUK) Friday reported a 31% fall in first-half net profit and announced delays to its flagship Minas Rio iron ore project in Brazil, but said it has reinstated its dividend. The mine
Read moreAnglo misses estimates, reinstates dividend
30th Jul 2010 07:02
Anglo American's interim results came in slightly below analyst forecasts but the mining giant said it remains confident about its prospects. The group also announced that it reinstated its dividend payments with an interim dividend of 25 cents per share. Revenue came to $15.02bn in the six months
Read moreUPDATE: Drummond Mulls Selling Stake In Colombia Coal Business
29th Jul 2010 20:19
(Adds executive comments and background.) By Darcy Crowe Of DOW JONES NEWSWIRES BOGOTA (Dow Jones)--Drummond Co., one of the largest coal miners in Colombia, is mulling the sale of a stake in its operations and doesn't rule out giving up majority control of its mines in Colombia. The p
Read moreDrummond Considers Selling Stake In Coal Business In Colombia
29th Jul 2010 19:13
BOGOTA (Dow Jones)--Alabama-based coal mining company Drummond Co. plans to sell a stake in its coal business in Colombia to raise cash for its expansion plans, a company top official said Thursday. "More than likely we will take a partner for the entirety of the operation because the operations
Read moreFriday preview: BA flies in Q1 numbers
29th Jul 2010 16:45
British Airways brings the curtain down on a hectic week, and it's been a manic first quarter for the carrier. Expensive staff strikes, volcanic ash disruption and the recent run of hot weather make this one to watch. In a rare piece of good news, US authorities last week cleared the airline's tran
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