London midday: Stocks come off lows, analysts cautious ahead of BoE
30th Jul 2018 11:51
(Sharecast News) - Stocks have come off their lows of the session, with traders opting to sit on their hands ahead of key policy announcements from two of the main foreign central banks scheduled for later in the week and before a keenly awaited decision on interest rates from the Bank of England, on Thursday.
Read moreAnglo American on track for cost improvements after decent underlying first half
26th Jul 2018 12:22
(Sharecast News) - Anglo American published its interim results for the six months ended 30 June on Thursday, reporting that it reduced its net debt by 11% since the end of 2017 to $4bn, making for a net debt-to-underlying EBITDA ratio of 0.4x.
Read moreAnglo American Platinum buys Glencore out of Mototolo joint venture
23rd Jul 2018 11:22
(Sharecast News) - Anglo American Platinum announced on Monday that its wholly-owned subsidiary, Rustenburg Platinum Mines, has signed a sale-and-purchase agreement with Glencore Operations South Africa to purchase its 39% interest in the Mototolo joint venture.
Read moreLondon close: FTSE mixed as Unilever flies after rebuffed Kraft Heinz bid
17th Feb 2017 17:15
(ShareCast News) - London stocks closed mixed after a Friday session that saw blue-chip consumer goods giant Unilever fly higher after it slapped away a $143bn offer from Kraft Heinz, which has indicated it will return to the table. The rebuffed offer -- $50 a share in a mix of cash and shares -- wa
Read moreAnglo American chairman John Parker to step down
14th Feb 2017 12:02
(ShareCast News) - Anglo American's chairman, John Parker, plans to step down from the role in 2017 after eight years. Senior independent director Philip Hampton will now lead a process to identify candidates with appropriate global listed company boardroom experience and Parker will continue to cha
Read moreAnglo American's Kumba unit to report FY underlying earnings of $438m
14th Feb 2017 07:04
(ShareCast News) - Anglo American said its Kumba Iron Ore operation would report underlying earnings of $438m for the year ended 31 December 2016 compared with $238m a year earlier. The operation was put up for sale last year as part of a restructuring. Headline earnings almost doubled to $607m as t
Read moreLondon close: Blue chips, mid caps end higher as miners rally with copper prices
13th Feb 2017 17:17
(ShareCast News) - UK blue chips and mid caps chimed Monday's close on a positive note, with the latter at yet another record high, as mining-related stocks surged alongside the price of the industrial-favourite copper. Prices for the 'red metal' pushed higher at the start of the week on expectatio
Read moreLondon open: Miners pace early gains after protesters enter key BHP mine
13th Feb 2017 08:41
(ShareCast News) - London miners paced early gains on Monday as news of a worsening strike at the world's largest copper mine sent futures for the red metal sharply higher. As of 08:16 GMT FTSE 100 index was higher by 8.21 points at 7,266.96. Investor sentiment was bolstered by positive news from U
Read moreMiners pace gains as copper hits 20-month high
13th Feb 2017 08:10
(ShareCast News) - Shares in miners were boosted in early trading on concern that simultaneous disruptions at the world´s two largest copper mines might lead to a sharp reduction in supplies. On 11 February, roughly 300 protesters illegally entered the premises of BHP Billiton´s Escondida copper min
Read moreFTSE 100 movers: Rio Tinto zips higher as Reckitt Benckiser falls
10th Feb 2017 17:10
(ShareCast News) - FTSE 100 is higher on Friday afternoon thanks to a string of mining behemoths led by Rio Tinto congregating atop the risers' list, albeit offset by a motley group of fallers led by consumer goods giant Reckitt Benckiser. London's top tier index closed 0.40% higher to 7,258.75 poin
Read moreSector movers: Miners gain on stronger than forecast Chinese trade numbers
10th Feb 2017 14:48
(ShareCast News) - Metals and Miners' shares bounded higher at the tail-end of the week amid stronger than expected foreign trade data out of China referencing the month of January, together with sharp gains in the price of some bulk metals. Nonetheless, in the case of Dr. Copper note should be t
Read moreTuesday broker round-up
7th Feb 2017 15:10
(ShareCast News) - Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p. Servelec Group: Berenberg reiterates buy, 391p target. Anglo American: JP Morgan reiterates overweight with a 1470p target. Premier Oil: Deutsche Bank downgrades to hold with a 90p target. Sanne Group: Be
Read moreFriday broker round-up
27th Jan 2017 14:09
(ShareCast News) - Diageo: Berenberg reiterates buy with a target price of 2430p. Royal Dutch Shell A: HSBC reiterates buy, 2600p target. Vodafone: Deutsche Bank reiterates buy with a 285p target. Anglo American: UBS reiterates neutral with a 1250p target. Easyjet: Deutsche Bank reiterates hold w
Read moreOperational improvements help Anglo American production in mixed quarter
26th Jan 2017 08:23
(ShareCast News) - Mining giant Anglo American posted its production report for the fourth quarter to 31 December on Thursday, with rough diamond production increasing 10% to 7.8 million carats year-on-year. The FTSE 100 company said that was compared with Q4 2015, when production was reduced in res
Read moreSector movers: Miners pace gains
24th Jan 2017 16:08
(ShareCast News) - Shares in Anglo American stood out on news that De Beers had reaped $720m in rough diamond sales from the first cycle of 2017. This was 32% ahead of the $545m in the same cycle last year and 70% up on the last cycle of 2016. Analysts at Credit Suisse said the results suggested en
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