BHP Billiton under the cosh after JP Morgan downgrades stock to 'underweight'
JP Morgan downgraded BHP Billiton to ‘underweight’ from ‘equal weight’
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.
964 stories · page 15 of 49
Investments and investor services
FTSE 100 closes a shade higher as Wall Street chugs upward
The UK's premier share index added nearly 14 points to close at 7,034
LATE MOVERS: Walmart is Dow's worst performer after unveiling bonuses for good attendance
Investors didn't applaud the retailer's move to give bonuses to employees who come to work routinely
Deutsche Bank upgrades Ferrexpo, raises targets for other miners on higher iron ore prices on near-term supply risks
Following the Feijao dam disaster, Vale announced plans to decommission 10 of their upstream tailings dams, impacting 40mln tonnes per annum of production capacity over a three-year period
Anglo American's De Beers reports 25% drop in rough diamond sales
Rough diamond sales were lower due to the slower movement of lower-value diamonds in the pipeline
Investments and investor services
FTSE 100 closes lower as trade worries dent global equities; Ocado top Footsie gainer
A deceptively dull start by the Footsie gradually turned into something a bit more dramatic
Investments and investor services
FTSE 10O closes in red after ECB meet; Vodafone top laggard
The UK's premier stock index finished down nearly 24 points at 6,818
Archive
Mining updates continue to flow, with investors in Anglo American set for a deep dig
The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting
Archive
FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Investments and investor services
FTSE 100 nudges lower at close as China growth worries hit stocks
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Goldman Sachs says Anglo American remains top pick in mining, sending shares higher
Goldman Sachs maintained a 'buy' rating on Anglo American but cut its target price to 2,200p from 2,250p to reflect the impact of lower commodity price forecasts
Cardinal Resources aims for completed gold project DFS by September quarter
A PFS found that the project in Ghana could generate US$1.4 billion free cash flow before tax.
Archive
Proactive weekly mining round-up: Anglo American, Europa Metals, Scotgold Resources ...
De Beers sales in the cycle ended December 17 represented a 22% increase on the US$442mln sold in the ninth cycle of this year
Anglo American restarts operations at Minas-Rio iron operation in Brazil after discovery of two pipeline leaks
The FTSE 100-listed miner said it expected the operation to ramp up to 1.2mln tonnes per month on a wet basis and to produce approximately 16mln-19mln tonnes of iron ore in 2019
Anglo American's De Beers sells US$540mln of diamonds
De Beers posted a 18% year-on-year rise in rough diamonds sales for in its final sales cycle of the year
FTSE 100 clings on to triple-digit gain
The Footsie looked destined to finish well off the top but still sporting a handsome gain following a weekend of deals at the G20 and Opec meetings