FTSE 100 closes higher but Whitbread shares lose 7%
The FTSE 100 closed 10.96 up at 7,275 but Whitbread shares slumped
Company
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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The FTSE 100 closed 10.96 up at 7,275 but Whitbread shares slumped
The FTSE 100-listed firm said its copper production decreased by 3% to 142,600 tonne in the first quarter as a continued strong performance at its Collahuasi project was offset by expected lower grades and increased ore hardness at Los Bron
The bear market recovery is now unwinding in the mining sector and fundamentals are once more coming to the fore.
Archive
Week ahead: Huge for blue chip announcements with four high street banks, the UK’s two pharma giants, mining titans Anglo and BHP and restaurant to coffee chain Whitbread just a few of those updating.
The UK prime minister has announced a snap general election for 8 June
Anglo American has offloaded its South African coal operations as part of divestment plans in the country
Investments and investor services
Neither the US air strikes or the underwhelming US jobs data could prevent the Footsie from finishing the day in the blue
FTSE set to rise by fifteen points when the market opens
Donald Trumps healthcare bill is in Congress, his first big test as President
Goldman Sachs has warned today's rally in gold prices may be short-lived, citing a uncertain outlook.
An Indian billionaire has fuelled speculation at a second merger attempt of Anglo American with Hindustan Zinc after buying £2bn worth of shares
Investments and investor services
FTSE 100 stocks ended solidly higher on Thursday after chalking a fresh record high as investors reacted to a tempered rate hike outlook in the US and relief at the defeat of the anti-immigration Freedom party in the Dutch election
The City broker says demand for things like coal and iron ore will pick up in the second quarter of this year, but so will supply
Investments and investor services
Around 3.30pm, the FTSE 100 index was up almost 28 points at 7,371, just below the day’s best level of 7,376, having only hit a low of 7,342
FTSE 100 stocks bagged a net loss on Thursday after supermarket chain WM Morrison fell on an uncertain outlook