Sunday newspaper round-up: Dividend payments, Beijing, Dow Jones
25th Dec 2022 17:58
(Sharecast News) - AJ Bell believes that dividend payments by FTSE 100 companies will hit a record £85.8bn in 2023, for an 8% increase in comparison to 2022 and far above the £61.8bn low plumbed during Covid-19. According to analysts cited by the broker, that was in spite of estimates for slower profit growth, which was expected to come to a halt in 2024. In fact, dividends of £90.9bn were projected for 2024. Nonetheless, just 20 names would account would account for 72% of the total in 2022 with Shell, Glencore, Rio Tinto and British American Tobacco at the top of the leaderboard for payouts. - Financial Mail on Sunday
Read moreJPMorgan downgrades Rio Tinto
14th Dec 2022 08:48
(Sharecast News) - JPMorgan has downgraded Rio Tinto to 'underweight' following a review of European mining stocks.
Read moreSector movers: Travel, Retail and Mining pace gains
23rd Nov 2022 14:15
(Sharecast News) - Cyclicals including Travel and Leisure, as well as consumer staples, paced gains on the FTSE 350 in relatively flattish to mixed trading given the absence of many traders from their desks due to the Thanksgiving Day holiday in the US.
Read moreGlencore, MAC amend terms on sale of CSA mine
23rd Nov 2022 07:23
(Sharecast News) - Glencore and Metals Acquisition Corp (MAC) said they had agreed to amend terms on the sale of the CSA copper mine in Australia.
Read moreSunday newspaper round-up: Autumn statement, Glencore, BoE
6th Nov 2022 23:20
(Sharecast News) - The key points of the autumn statement must be submitted to the Office for Budget Responsibility by Monday morning. The Guardian understands that the Chancellor will set out tax increases and spending reductions totalling £60bn with cuts of at least £35bn. Decisions were also expected within days on whether to raise benefits in line with inflation and as regards changes to the pensions triple lock. Among the Chancellor's concerns is ensuring that the Treasury has enough 'headroom' to deal with other economic shocks and that its plans are credible to financial markets. - Guardian
Read moreSector movers: Miners jump, copper futures rally on China news
4th Nov 2022 15:40
(Sharecast News) - Mining shares soared at the end of the week following news that Beijing would approve the use of BioNTech's mRNA Covid-19 vaccine for use among the expatriate population in the People's Republic of China - although some analysts in the City sounded a skeptical note.
Read moreGlencore ordered to pay £281m in Africa oil bribery case
3rd Nov 2022 13:19
(Sharecast News) - Glencore has been ordered to pay £281m after its UK subsidiary admitted bribing officials in African countries for access to oil.
Read moreSector movers: Miners pace gains
2nd Nov 2022 06:51
(Sharecast News) - Miners paced gains on Tuesday following reports overnight citing posts on Chinese social media that Beijing had created a committee to make preparations for the easing of Covid-19 restrictions in the Asian giant.
Read moreTesla said to have held talks over potential Glencore stake
31st Oct 2022 07:45
(Sharecast News) - Tesla reportedly held talks with Glencore about taking a stake in the Swiss commodities group as it looks to secure materials needed for the rollout of electric vehicles.
Read moreGlencore reports sharp year-to-date drop in output of several industrial metals
28th Oct 2022 08:49
(Sharecast News) - Glencore posted sharp declines in its output of several industrial and precious metals over the first nine months of 2022.
Read moreBarclays keeps Glencore as 'top pick' despite darkening skies
21st Oct 2022 12:44
(Sharecast News) - Analysts at Barclays reiterated Glencore as their 'top pick' within the European Metals and Mining space.
Read moreFTSE 100 movers: Miners pace gains on China fiscal stimulus talk
18th Aug 2022 18:30
(Sharecast News) - Miners Antofagasta paced gains on the top-flight index on Thursday amid further market chatter around the possibility of Chinese fiscal stimulus.
Read moreGlencore interims rise $10bn on surging commodity prices
4th Aug 2022 07:20
(Sharecast News) - Commodity trading and mining company Glencore posted a massive $10.3bn rise in interim core profits on the back of record prices for coal and gas and said it would return $4.5bn to shareholders.
Read moreGlencore trims copper guidance after mixed first half
29th Jul 2022 09:29
(Sharecast News) - Glencore reported a 15% fall in own-sourced copper production in its first half on Friday, to 510,200 tonnes, as it trimmed its copper production guidance for the rest of the year.
Read moreJP Morgan stays overweight on Glencore, sees China macro alignment for 2H 2022 outperformance
4th Jul 2022 10:27
(Sharecast News) - Analysts at JP Morgan sounded a bullish note on the outlook for European Middle East and Africa miners in the back half of 2022.
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