RBC upgrades BHP to 'outperform', says commodity mix “more compelling” than iron ore-focused peers
The main growth driver will be the petroleum division, where underlying earnings are expected to jump 58% to US$5.1bn by 2025
Company
LON:BHP
BHP Group Limited is a global leader in the resources industry. Formed from a merger between BHP and Billiton, the company is a leader in the extraction and sales of most natural resources and is particularly strong in Iron Ore, Coking and Thermal Coal, Copper, Zinc, Oil & Gas, Diamonds and most materials key to the production of steel.
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The main growth driver will be the petroleum division, where underlying earnings are expected to jump 58% to US$5.1bn by 2025
BHP has already sunk US$2.7 billion into Jansen, making it the miner’s largest development in years
BHP, WH Smith, Domino's Pizza Group, and Moneysupermarket are all among the notable names in Thursday's diary.
Many analysts had expected a special dividend, which was not forthcoming
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Along with easyJet, there are also company updates due from Royal Mail and Anglo American, plus UK retail sales data
The trading of uranium can be a somewhat confusing process, however, there are still ways for retail investors to get involved
Production outages and lower grades had dented the group's copper production in its latest full year, while its iron ore inventory had been impacted by a mine fire in the prior year
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In Europe, the German DAX is around 90 points lower at 12,341, while the French CAC 40 is down around 42
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The latest price inflation data, if it once again hits the Bank of England's 2% like last month, could cause some concerns at Threadneedle Street
Investments and investor services
The UK's premier share index finished almost 26 points higher at 7,531, while FTSE 250 gained over 32 points at 19,584
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It looks set to be a busy week of corporate announcements and UK economic data
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Carnival and Evra were the two big fallers among Footsie constituents
Investments and investor services
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
Salazar's exploration efforts are supported by a consistent income stream
Asset Manager Janus Henderson is predicting that global dividend pay-outs will reach almost US$1.5trn in 2019
Kincora has a huge swathe of ground in Mongolia which it is now getting ready to drill
Higher earnings from blue-chip firms such as Lloyds and HSBC helped send overall profits for the UK's largest firms 11% higher in the first quarter, while the rest of the corporates saw theirs tumble 18%
The lawsuit had been widely anticipated by the market
Its focus is on ground in Tier 1 provinces, such as on the Mt Freda complex in Queensland and an Olympic Dam structural corridor in South Australia.