HSBC upgrades Rio Tinto amid spate of valuation changes in mining sector
The London-based bank also upgraded South32 to Buy from Hold while upping its target prices for Anglo American and BHP Billiton
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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Anglo American reports weaker rough diamond sales
The De Beers subsidiary reports that sales are down but it expects demand for rough diamonds to pick up
Maxtech Ventures bolsters Brazilian manganese aims with new joint venture for Goias state
The state is reportedly due to receive foreign investments of US$730mln during 2017-2018
FTSE 100 joins global equity rally and ends higher with miners helping
Soothing comments from China's leader Xi Jinping seem to have gone down well with equities traders, particularly those in the US
Glencore and Anglo American the ‘two cheapest diversified miners’ in London, says JP Morgan
Based on a couple of metrics, JP Morgan reckons Glencore and Anglo American are cheap compared to their peers, and both companies top the investment bank’s list of “preferred diversified exposures”
Investments and investor services
FTSE 100 finishes lower as mining stocks retreat on Chinese tariff fears
Investors remain nervous over the prospect of an escalating trade war between the US and China but were somewhat placated by anaemic jobs growth in March in the US, which has made four rate rises this year less likely
FTSE 100 closes firmly higher despite disappointing service sector stats
The UK bluechip-benchmark closed over 165 points higher at 7,199, while the FTSE 250 added over 311 points at 19,576
FTSE 100 closes positively, just, but miners weigh
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
Investments and investor services
FTSE 100 closes higher ending an "ugly quarter"; GKN top riser after Melrose succeeds in bid
Turnaround group Melrose received valid acceptances for its offer for GKN representing around 52.43% of the voting rights
Investments and investor services
FTSE 100 closes higher as Dow Jones climbs after host of data
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
Investments and investor services
Cineworld and Savills financial results in the spotlight for Thursday
Investors will be looking to Cineworld for news of asset integration, whereas for Savills results the attention will be on its battle for market share.
Goldman Sachs upgrades miners to ‘attractive’ from ‘neutral’, concluding sector on “strongest footing for many years”
The US investment bank gave a boost to blue-chip miners, upgrading ratings for Anglo American PLC, Antofagasta PLC, and BHP Billiton
Investments and investor services
FTSE 100 closes in red as Wall Street suffers, but miners show support
FTSE 100 closed down around six points at 7,132 but big cap miners were up
Archive
Chancellor's Spring Statement unlikely to include big spending plans, says think-tank
The week ahead includes the UK's budget statement and earnings from Morrisons, Prudential, Cairn Energy, Cineworld, Savills, Wetherspoons, Balfour Beatty and Fevertree
Investments and investor services
FTSE 100 closes in positive territory despite Trump trade war fears
Around 3.50pm, the FTSE 100 index was up 13 points at 7,160
Investments and investor services
FTSE 100 suffers triple-digit fall as investors fret over a trade war coinciding with Brexit
Fears of a trade war have rattled investors, with minerals companies particularly hard hit
Galileo Resources shares higher as it lifts stake in Star Zinc project to 85%
Galileo has now spent more than US$250,000 on exploration, including geochemical soil sampling, permitting, and evaluation
Anglo American sees underlying earnings jump by 45%, as free cashflow surges, net debt halved
For the year ended 31 December 2017, the FTSE 100-listed miner reported adjusted underlying earnings (EBITDA) of US$8.823bn, up 45% on the previous year
Investments and investor services
FTSE 100 closes in red, despite US market turnaround
In London, the FTSE 100 closed down around 29 points at 7,252