Sector movers: Antofagasta crushed after company abandons dividend
15th Mar 2016 16:56
(ShareCast News) - Miners came under renewed selling pressure as iron ore futures continued to come off the boil and ahead of the US central bank's policy meeting the next day, with the Bank of Japan's decision overnight to keep its policy settings unchanged - instead of delivering further stimulus
Read moreFTSE 100 movers: Aviva leads as it beats expectations
10th Mar 2016 14:39
(ShareCast News) - The FTSE 100 was trading in the red on Thursday afternoon, as the markets were left to digest surprise stimulus moves from the European Central Bank. Aviva was leading the risers, after it beat forecasts with a 20% operating profit increase. The insurer also reported a solvency ca
Read moreJefferies downgrades BHP Billiton, says commodity prices will drop
9th Mar 2016 08:59
(ShareCast News) - Jefferies downgraded miner BHP Billiton to 'hold' from 'buy', as it argued that commodity prices are set to decline. It pointed out that even after Tuesday's "carnage", the share price is still above its 800p target price as commodity prices have been stronger than expected, senti
Read moreBHP's Samarco agrees $8bn compensation programme
3rd Mar 2016 06:58
(ShareCast News) - BHP Billiton's part-owned Brazilian mining venture Samarco has agreed a B$30bn ($8bn or £5.5bn) program of compensation and clean-up from the bursting of a mine tailings dam last November. A compensation framework agreement between local authorities and Samarco Mineração, in which
Read moreS&P takes BHP Billiton´s long-term credit rating off CreditWatch
29th Feb 2016 14:22
(ShareCast News) - S&P took BHP Billiton´s long-term credit rating off CreditWatch following moves by the metals miner to tie its dividend policy more closely to conditions in the marketplace and its own operating performance. That, the analysts argued, "materially" increased the firm´s financial fl
Read moreBHP Billiton says no settlement reached over Samarco disaster
26th Feb 2016 07:13
(ShareCast News) - BHP Billiton denied it has reached a settlement with Brazilian authorities over the Samarco mine disaster. In early November, a tailings dam burst at the mine in Brazil's Minais Gerais region, killing 19 people in the resulting mudslides. The FTSE 100 company, which holds a 50% s
Read moreFTSE 100 movers: Miners keep index firmly in the red
24th Feb 2016 14:43
(ShareCast News) - The FTSE 100 was firmly in the red again on Wednesday, down 110.76 points (1.86%) to 5,851.55 by mid-afternoon. Miners plunged and led the fallers as metal prices fell as part of a wider commodities downturn. Glencore and Anglo American led the list of the index's biggest fallers,
Read moreWednesday newspaper share tips: BHP Billiton's welcome dividend policy
24th Feb 2016 11:10
(ShareCast News) - BHP Billiton's new dividend policy is a welcome return of humility to the mining sector, The Times' Tempus said on Wednesday. The mining company adopted a new more cautious payout policy as it hunkered down for what it believes will be a prolonged period of low and volatile commod
Read moreFTSE 100 movers: GKN and StanChart keep market in red
23rd Feb 2016 14:13
(ShareCast News) - After a strong showing on Monday, the FTSE 100 was in the red mid-afternoon on Tuesday, down 31.34 points (0.52%) to 6,006.39. GKN led the fallers despite posting a steady set of results, reporting growth in sales and earnings across most of its operations. Sales at the firm incr
Read moreBHP Billiton chops interim dividend to the bone
23rd Feb 2016 07:10
(ShareCast News) - After absorbing a half-year loss of $5.67bn, BHP Billiton sliced its dividend deeper than most analysts predicted and adopted a new more cautious payout policy as it hunkered down for what it believes will be a prolonged period of low and volatile commodity markets. The Anglo-Aust
Read moreLondon close: Miners bolster equities as copper and oil prices rally
22nd Feb 2016 16:05
(ShareCast News) - The FTSE 100 ended on a high note as oil and metals´ prices extended their recent rally, giving mining stocks a boost. Miners Glencore, BHP Billiton, Antofagasta and Rio Tinto registered gains as copper prices jumped 2.07% and oil prices rose after the rich world's oil watchdog
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreSunday newspaper round-up: GSK, Sainsbury's, BT, Imagination Technologies
21st Feb 2016 17:23
(ShareCast News) - Financial institutions in the City of London are fairly pleased with David Cameron's agreement with the European Union ahead of June's referendum as it looks to have secured the Square Mile from excessive further Brussels red tape. A potentially painful sticking point has been avo
Read moreTuesday broker round-up
9th Feb 2016 15:11
(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe
Read moreFTSE 100 movers: Anglo American surges as Blackrock increases stake
5th Feb 2016 14:26
(ShareCast News) - The FTSE 100 was set to finish the week just in the black, up 1.32 points (0.02%) to 5,900.08 points by mid-afternoon on Friday. Anglo American led the risers for the second day running, while its sector peers were tracking the other way. It followed shares in Anglo rising on Thur
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