De Beers reports continuation of stable demand for rough diamonds
The diamond market has been tough in recent years but may now be improving
Company
Anglo American PLC
LON:AAL
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. The company's portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning it to deliver into structurally attractive major demand growth trends.
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Argosy Minerals looks to commercial vision for Rincon project in Lithium Triangle
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Deutsche Bank ups Anglo American to ‘buy’, says miner the “cheapest global major with strong growth prospects”
Deutsche Bank’s analysts estimate a 12-month total return of around 25% from the stock, while over the medium term, based on a 2022 exit rate, they see a blue-sky scenario of 3,000p
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FTSE 100 closes in positive territory as MPs vote down May's deal again
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Meteoric Resources to acquire high-grade gold projects in Brazil
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Other iron ore miners likely to benefit from increased price
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FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
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FTSE 100 closes higher as no deal Brexit fears ease
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
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Thursday's Brexit fallout likely to overshadow Capita and Savills results
Brexit and the latest vote will likely be the main talking point, but there will be financial results too!
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
De Beers revenues plunge on weaker market for smaller stones
Other diamond miners like Petra and Gem may also suffer
FTSE 100 closes higher on trade talk optimism; miners big winners
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Anglo American boss focuses on employee safety as miner reports solid 2018 results
Five of the miner's employees lost their lives in South Africa in 2018, two in each of the group’s Platinum Group Metals and Coal businesses and one in its Diamonds business
FTSE 100 closes in the red as US stocks take a hit; Centrica tanks
Risers on the Footsie were outnumbered 3 to 1 by fallers
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Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.
Investments and investor services
FTSE 100 closes in red amid lower volumes but Reckitt Benckiser jumps
Footsie closed down around 17 points at 7,219 but FTSE 250 added over 140 at 19,127
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Banking results to flow faster, with Barclays, Lloyds, and HSBC all set to report 2018 numbers
Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Anglo American cut to ‘sell’ from ‘neutral’ by UBS on valuation grounds, target price unchanged at 1,800p
Analysts at the Swiss bank pointed out that the FTSE 100-listed shares are up 14% in the year-to-date supported by higher commodity prices, and the restart of mining at Minas Rio in Brazil
Redburn cuts ratings for three UK miners on valuation grounds, highlights “serious flaw” in recent sector optimism
The influential City broker cut its stance on blue-chip players Anglo American PLC and BHP PLC both to ‘sell’ from ‘neutral' with 23% and 18% downsides to raised valuations