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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The Chile-based group said its fourth-quarter copper production rose 16.8% to a record 220,000 tonnes as a result of higher production at all operations, particularly at Centinela
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Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
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Updates will be coming thick and fast from both the FTSE 100 and FTSE 250 on Wednesday
Investments and investor services
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
Investments and investor services
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
Copper could be the world's most useful metal, but it's still suffering from the global economic uncertainty
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
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
The premier index of UK shares finished down nearly 59 points at 6,980. Mid-cap cousin FTSE 250 shed over 128 points at 18,480.
On Wall Street, the Dow Jones Industrial Average is down over 423 points at 25,565, while the S&P 500 is off around 37
The FTSE 250 fared much better though, adding almost 154 points on the day to close at 19,325
UBS raised its rating on Antofagasta to ‘neutral’ from ‘sell’ and maintained a target price of 800p, saying it believes the risk vs reward has improved
At the close, the UK blue chip index was 41.12 points higher at 7,004.10, the session peak, and well above the early low of 6,995.99
The mining group said it had narrowed its copper production guidance for the full year to 705-725,000 tonnes
Investments and investor services
Footsie finished Wednesday nearly eight points higher at 6,962.
Investments and investor services
The third quarter banking results season is upon us and Barclays is set to open the batting, more in the style of Keaton Jennings than Alastair Cook, according to many pundits
The UK's premier index of leading shares closed down seven points, or 0.10% at 7,042
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Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
Investments and investor services
In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.
