Commodity price drop is changing face of stock market
Property and investment stocks are replacing miners and oilers in Footsie
Company
LON:ANTO
Antofagasta is a Chilean-based copper mining group with interests in transport and water distribution. It is listed on the London Stock Exchange and has been a constituent of the FTSE-100 index since 2004.The Group creates value for its shareholders through the discovery, development and operation of copper mining operations. It is committed to sustainable development, embedding safety and sustainability throughout its operations. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters.
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Property and investment stocks are replacing miners and oilers in Footsie
Drilling at Lumwana West in 2015 has returned thick zones of copper grading up 0.67% at the Kamafamba prospect. Antofagasta has now earned a 25% interest in the project.
A clutch of corporate announcements will greet investors on Thursday, but of course there is really only one story in town...
Investments and investor services
The effects of the serious accident at Alton Towers in June could linger at Merlin for some time.
Investments and investor services
The FTSE 100 ended 30 points to the good at 6,074 with miners storming ahead.
Below are the main news-driven share price movements at 3.45pm.
Investments and investor services
Leading the way lower was Anglo American (LON:AAL), down 7.8% to 668p.
Footsie falls 81 points as Chinese central bank cuts rates
Footsie falls 81 points as Chinese central bank cuts rates
The FTSE 100 ended the day 102 points lower, 1.68% to 5,979
Archive
Equities bounced back with asset managers among those basking in the welcome return to the sunshine.
Investments and investor services
Bargain hunters are out and about, and have been given further encouragement by the decision by the People's Bank of China to cut its main interest rate by a quarter of a point.
The Chilean digger reckons the market is largely in balance, with a small surplus expected in the second part of 2015. Demand is improving, it told investors, but the big imponderable remains China.
The People’s Bank of China cut its main interest rate by from 4.85% to 4.6%, doing its bit to shore up confidence
With investors still shaken from the global sell-off on Monday, BHP Billiton and Regus throw themselves into the limelight tomorrow.
Investments and investor services
BHP Billiton is one of the big beasts declaring this week, and it may have to choose between cutting the divi or paring capex
William Hill, Bovis Homes, Allied Gold, and Antofagasta are among the stocks in Tuesday’s broker spotlight