London pre-open: Stocks seen higher on upbeat US cues; borrowing figures in focus
22nd Dec 2015 07:38
(ShareCast News) - London stocks are set to open higher on Tuesday, taking their cue from a positive session in the US, where the Dow rose 123 points. Stabilising commodity prices are also expected to help the tone. London's FTSE 100 is seen starting 39 points higher than Monday's close at 6080. "
Read moreCleanup continues for BHP Billiton's Brazilian venture
22nd Dec 2015 07:33
(ShareCast News) - BHP Billiton's Brazilian joint venture continued the clean-up from the catastrophic Bento Rodrigues dam disaster on Tuesday, amid ongoing legal action in the country's courts. The FTSE 100 mining company updated the market on the dam breaches at Fundão and Santarém, which occurred
Read moreMoody's puts BHP Billiton rating on review for possible downgrade
18th Dec 2015 11:13
(ShareCast News) - Moody's Investors Service has placed BHP Billiton's credit rating under review for a possible downgrade. The ratings agency said the review was prompted by the precipitous decline and persistent weakness in commodity prices and follows the recent downward revisions of its oil and
Read moreFTSE 100 movers: Anglo American and Miners send market down
8th Dec 2015 13:31
(ShareCast News) - The FTSE 100 continued its slide, with the blue-chip market down 72.15 points (1.16%) to 6,151.37 by mid-afternoon Tuesday. Driving the market down was Anglo American after it said it will suspend its dividend to investors this year and the next as it announced a "radical" portfol
Read moreMarket focus on BHP Billiton's dividend is misguided, Citi says
8th Dec 2015 13:06
(ShareCast News) - Given BHP Billiton's rate of 'cash-burn', investors were right to worry that 'something had to get cut' but markets were misguided in focusing on the dividend, what mattered most was minimising the damage to the balance sheet. In the past, the miner had stressed the importance of
Read moreBroker tips: IAG, BHP Billiton, AstraZeneca, GSK
2nd Dec 2015 13:11
(ShareCast News) - Clear skies lie ahead for the European Airlines sector going into the winter trading period, thanks to a favourable outlook for capacity growth and given the considerable fall in oil prices since August 2015, Nomura said. The global macroeconomic outlook, notably in the core UK an
Read moreGoldman Sachs trims target price on BHP Billiton
2nd Dec 2015 12:44
(ShareCast News) - BHP Billiton's decision to increase copper production in fiscal year 2016 and lower its cost guidance are symptomatic of some of the factors that are ailing the wider copper mining industry, as firms add tonnes in a bid to lower their unit costs, adding to the existing oversupply,
Read moreBHP joint venture to be hit with £3.4bn lawsuit over dam breach
30th Nov 2015 07:13
(ShareCast News) - Legal action against BHP Billiton's joint venture with Vale is expected to be launched on Monday to extract compensation after two tailings dams were breached at the beginning of the month. The Fundão tailings dam and the and Santarém water dam at the Samarco Mineração iron ore mi
Read moreTuesday newspaper round-up: BHP, Sports Direct, France
17th Nov 2015 07:23
(ShareCast News) - BHP Billiton is reviewing the management of two big operations after the Samarco mudslide in Brazil that killed at least nine people. Andrew Mackenzie, the miner's chief executive, told analysts and investors yesterday that the company was reviewing all of its dams worldwide. He a
Read moreBHP Billiton confirms nine fatalities at Samarco; licence suspended
13th Nov 2015 07:19
(ShareCast News) - BHP Billiton confirmed on Friday that there were nine fatalities at the incident at its Samarco Mineração SA joint venture with Brazilian miner Vale SA and said the operating licence for the mine has been suspended. In addition, four people previously unaccounted for have been fou
Read moreLondon pre-open: Investors are all ears ahead of ECB's Draghi, Fed's Yellen
12th Nov 2015 07:51
(ShareCast News) - Will the European Central Bank pull the trigger on a new round of quantitative easing when it meets in December? It is with exactly that question foremost in their minds that investors will be waiting on this afternoon's testimony by ECB president Mario Draghi before the European
Read moreThursday newspaper round-up: BHP Billiton, ECB QE, Home prices
12th Nov 2015 07:24
(ShareCast News) - BHP Billiton faces worsening fallout from the Samarco mine dam disaster after the Brazilian government said the Anglo-Australian mining giant could face a fine for the "environmental catastrophe". As BHP's share price in Australia pushed near 10-year lows on Thursday, the governme
Read moreBarclays cuts European mining sector to 'neutral' on cloudy outlook
10th Nov 2015 10:36
(ShareCast News) - Barclays downgraded its stance on the European mining sector to 'neutral' from 'positive', noting that 2015 has been another bad year. The bank pointed out that the last five years have marked the worst performance since 1966 and said it's hard to see what might pull the sector ou
Read moreBHP to review 2016 iron ore production guidance after Brazil mine disaster
9th Nov 2015 07:23
(ShareCast News) - BHP Billiton's iron ore production guidance for the 2016 financial year is under review after a dam collapse at a Brazilian iron ore mine co-owned by the company left at least two people dead and dozens missing, the company said on Monday. Chief executive executive Andrew Mackenzi
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 more