London close: Stocks finish choppy day in the red
26th Jun 2024 15:32
(Sharecast News) - London stocks ended in negative territory on Wednesday, influenced by a downturn in retail sales data for June.
Read moreAnglo's De Beers warns of "protracted" demand recovery as sales fall
26th Jun 2024 07:11
(Sharecast News) - Anglo American has reported another dip in rough diamond sales from De Beers as it warned of a "protracted" recovery in demand.
Read moreSunday newspaper round-up: Copper, Boeing, OPEC+
2nd Jun 2024 18:28
(Sharecast News) - Analysts believe that copper prices might fall sharply if the US central bank starts lowering interest rates. According to analysts at Liberum that is because once prices are brought under control and the Fed starts cutting rates the metal will lose its attractiveness as an inflation hedge. An increasing number of analysts also believe that an increased need for copper on account of the green revolution has already been priced in. - The Financial Mail on Sunday
Read moreJefferies downgrades Anglo American to 'hold'
30th May 2024 09:22
(Sharecast News) - Jefferies downgraded Anglo American to 'hold' from 'buy' on Thursday and slashed the price target to 2,700p from 3,200p after BHP abandoned its £39bn pursuit of the London-listed miner as the deal structure couldn't be resolved.
Read moreAnglo rebuffs BHP request for takeover deadline extension
29th May 2024 11:00
(Sharecast News) - Anglo American has rejected BHP's request to extend its 'put up or shut up' offer deadline, advising shareholders to take no action in response to the latter's latest attempt to sway the mining group into a £39bn takeover deal.
Read moreBHP urges Anglo American to extend offer deadline
29th May 2024 07:28
(Sharecast News) - Mining titan BHP has requested that Anglo American extend its 'put up or shut up' deadline so that the two can continue discussions around a potential £39bn takeover of the latter.
Read moreDiamond sales lose shine at De Beers
23rd May 2024 10:39
(Sharecast News) - Rough diamond sales at De Beers fell in recent weeks, Anglo American said on Thursday, on the back of subdued demand.
Read moreAnglo American rejects third and final takeover proposal from BHP
22nd May 2024 15:36
(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.
Read moreAnglo American rejects third and final takeover offer from BHP
22nd May 2024 14:55
(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.
Read moreAnglo American rejects third and final takeover offer from BHP
22nd May 2024 14:49
(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.
Read moreAnglo investor calls for 'meaningful' changes to BHP bid
22nd May 2024 12:19
(Sharecast News) - A leading shareholder in Anglo American said on Wednesday that BHP Group's blockbuster £34bn takeover offer required "meaningful revision".
Read moreLondon close: Stocks recoup some earlier losses
17th May 2024 15:52
(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.
Read moreLondon close: Stocks manage gains as unemployment rises
14th May 2024 16:40
(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.
Read moreAnglo unveils radical shake-up to simplify portfolio, cut costs
14th May 2024 07:21
(Sharecast News) - Anglo American has announced a "major new phase" in its strategy as it makes radical changes to its business structure to drive shareholder returns and save costs, including the divestment or spin-off of its steelmaking coal, nickel, platinum and diamond operations.
Read moreAnglo American rejects second, £34bn takeover offer from BHP
13th May 2024 13:47
(Sharecast News) - BHP said on Monday that Anglo American has rejected a revised offer from the Australian miner which valued the company at £34bn.
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