Anglo American tumbles as it announces closure Australia's Drayton mine
27th Nov 2015 09:50
(ShareCast News) - Anglo American tumbled as it announced the closure of its Drayton coal mine in Australia next year after the New South Wales Planning and Assessment Commission recommended that the government block an expansion of the mine. The commission said the Drayton South extension would spo
Read moreInland Homes founder pockets £1m in share sale
20th Nov 2015 16:06
(ShareCast News) - The man at the top of Inland Homes cashed in on some of the company today, pocketing a cool £1m in the process. Stephen Wicks, who co-founded the development firm in 2005, sold 1.5m shares at 67.37p a piece. He has held on to 14.7m shares, though, representing a 7.27% stake in th
Read moreFTSE 100 movers: Glencore's reported Libya deal sends shares soaring
20th Nov 2015 14:18
(ShareCast News) - Despite a quiet day news-wise on the markets, the FTSE 100 was up marginally by mid-afternoon Friday to 6,345.49 - a 15.56 point rise (0.25%). Glencore surged on reports that it has agreed a deal to buy as much as half of the oil Libya currently exports as it looks to offset decli
Read moreAnglo American announces management shake-up
12th Nov 2015 11:10
(ShareCast News) - Anglo American announced a series of management changes on Thursday as it looks to focus on the group's marketing business. The miner has appointed Peter Whitcutt as chief executive officer of its marketing business. Whitcutt, who has served as group director of strategy, busin
Read moreFTSE 100 movers: Wolseley downgrade leads market to continue falling
10th Nov 2015 13:45
(ShareCast News) - The FTSE 100 continued to slide on Tuesday, with the market down 15.27 (0.24%) to 6,279.89 by mid-afternoon. Global plumbing supplier Wolseley led the fallers as the company issued its first quarter update. While first quarter revenues were up 5.3% to £3.5bn and trading profits in
Read moreFTSE 100 movers: Mining millstone reverses, IHG and IAG jump
6th Nov 2015 14:10
(ShareCast News) - The FTSE 100 spiked in mid afternoon on Friday, rebounding on the back of the US jobs report, before promptly being yanked back into negative territory by the millstone of depressed mining stocks. Falling metals and oil prices cast initial pressure on the natural resources sectors
Read moreLondon close: Copper prices weigh on Footsie despite dovish MPC
5th Nov 2015 16:36
(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth
Read moreFTSE 100 movers: Anglo American falls to 16-year lows
5th Nov 2015 14:18
(ShareCast News) - The FTSE 100 was down for most of the day on Thursday, with the market going into the black briefly after the Bank of England kept interest rates unchanged. By mid-afternoon, the market was back into the red, down 22.58 points (0.35%) to 6,390.3 points. Anglo American was the big
Read moreFTSE 100 movers: Miners lead market on back of Chinese data
4th Nov 2015 14:11
(ShareCast News) - The FTSE 100 had a strong start to the day on Wednesday, up 48.94 points (0.77%) to 6,432.55 by mid-afternoon. Glencore was the biggest riser of the day after it reported "significant progress" on plans to cut net debt to the low $20bns by the end of 2016 and increased output from
Read moreFTSE 100 movers: Miners mourning but no dry eyes at Shire
27th Oct 2015 14:02
(ShareCast News) - The FTSE 100 was dragged lower on Tuesday, as the resources-heavy index felt the weight of a further downward lurch in the oil price to new lows. Just after 1400 GMT the blue chip index was down 0.5% at 6,384.73, with miners dominating the main fallers. Miners Anglo American, Ant
Read moreLondon close: Equities close lower as investors weigh disappointing UK, US data
26th Oct 2015 16:11
(ShareCast News) - The UK equity market slumped on Monday as worse-than-expected data in the UK and in the US offset a better-than-forecast German business confidence report. The CBI Industrial Trends Survey's headline total orders balance fell from -7 in September to -18 in October, its lowest leve
Read moreBroker tips: WPP, Shire, Anglo American
26th Oct 2015 11:30
(ShareCast News) - WPP's shares declined on Monday on the back of third quarter like-for-like sales missing analysts' estimates, but Investec issued the advertising giant an 'add' rating, citing growth in digital and emerging markets. In a note to investors, Investec analyst Steve Liechti said while
Read moreCiti lowers target price on Anglo American
26th Oct 2015 10:51
(ShareCast News) - Analysts at Citi lowered their target price on metals miner Anglo American on the back of the company's latest production guidance for fiscal year 2015. When compared with the broker's previous forecasts, that implied lower volumes for diamonds and iron ore but better ones for bas
Read moreAnglo American 'considering £1bn sale of niobium and phosphates business'
25th Oct 2015 15:11
(ShareCast News) - Anglo American chief is reportedly considering the disposal of the group's niobium and phosphates business, worth £1bn. Mark Cutifani is believed to have contacted advisers about the move, which is still a few months off, the Sunday Times wrote. The 57-year-old is facing the huge
Read moreLondon close: Stocks close higher as ECB leaves door open to more QE
22nd Oct 2015 16:08
(ShareCast News) - London stocks closed higher after earlier declines as the European Central Bank's president fuelled hopes of further stimulus. Mario Draghi said the ECB will re-examine its quantitative easing programme in December and would consider extending €60bn monthly purchases past the plan
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