|Bid||1,583.00 x 45000|
|Ask||1,307.00 x 65000|
|Day's Range||1,442.00 - 1,468.00|
|52 Week Range||950.10 - 1,534.50|
|PE Ratio (TTM)||4.97|
|Forward Dividend & Yield||0.48 (2.59%)|
|1y Target Est||N/A|
Today we’re going to take a look at the well-established Anglo American plc (LSE:AAL). The company’s stock saw a decent share price growth in the teens level on the LSERead More...
British stocks fell back into the red on Friday, ending a short-lived recovery, as takeover interest boosted Sky and construction firm Carillion plummeted after warning it would breach debt covenants. The FTSE 100 (.FTSE) marked its second week of losses as a worldwide sell-off took the shine off risky assets, and Thursday's bounce proved to have little staying power. Corporate news drove the most attention-grabbing moves, from Sky on the blue-chip index to Carillion among small-caps.
European stocks struggled for a seventh straight session Wednesday, with strength in the euro and a drop in commodity stocks drawing the regional benchmark to around a two-month low.
By Kit Rees LONDON (Reuters) - British stocks suffered their fifth straight day of losses on Wednesday, dragged to five-week lows by big falls in mining and energy shares. The blue-chip FTSE 100 (.FTSE) ...
South Africa's scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and could be in "trouble" if the situation persisted, adding that it was working to control its costs. Eskom, the sole power supplier in Africa's most industrialised economy, is in the midst of a leadership crisis and has been at the heart of allegations of illegal contracts and undue influence in awarding tenders to the Gupta family, friends of President Jacob Zuma. Eskom spokesman Khulu Phasiwe said the firm's sales growth had been muted while its operating costs were very high and its tariff for the current financial year was low.
By Kit Rees LONDON (Reuters) - Britain's top share index began the week on a subdued note on Monday, with a Barclays-led drop in financials outweighing a buoyant commodities sector. The blue-chip FTSE ...
Declines for Next (NXT.L) and Standard Chartered (STAN.L) weighed on Britain's top share index on Wednesday, helping to offset a rally in commodities-exposed stocks. Britain's blue chip FTSE 100 (.FTSE) ended 0.07 percent down at 7,487.96 points, while the mid-cap index (.FTMC) rose by 0.5 percent. The FTSE gave up some gains after robust UK manufacturing data, which bolstered expectations for an interest rate increase from the Bank of England on Thursday and sent sterling higher.
Anglo American's (AAL.L) new chairman, who arrives on Wednesday, faces investor calls for clear direction at the miner, long seen as a potential takeover target. The smallest of the world's four big miners, Anglo is viewed as the most vulnerable to being bought, and incoming chairman Stuart Chambers has a strong record in securing buyers for the companies he leads. The mining majors have accrued cash as commodity markets recover, but their share prices are below all-time highs as investors shy away from a sector known for reckless deals in the past.
By Helen Reid LONDON (Reuters) - British stocks followed European indexes higher on Friday, driven by a weakening pound and a rise in RBS, which helped outweigh falls among mining stocks and British Airways ...
Indian resources conglomerates Adani and Vedanta are considering bidding for a $9 billion(£6.83 billion) diamond project in the country that was abandoned by global miner Rio Tinto (RIO.AX) (RIO.L) this year, according to multiple sources with knowledge of the matter. The central state of Madhya Pradesh was likely to invite bids in the first week of November to explore the deposit, which is estimated to hold around 32 million carats of diamonds, a senior state government official said. "We're advertising only for that area in which (Rio Tinto) have prospected and established availability of diamonds," Manohar Lal Dubey, Madhya Pradesh's top mineral resources official, told Reuters by phone.
Ask most mining chief executives and investors which metal will perform best in the future and very often copper will come up. The reason primarily relates to supply. Relative to how much of it we use, ...
By Kit Rees and Helen Reid LONDON (Reuters) - Strong commodities stocks and a weaker pound helped Britain's top share index recover from three-week lows on Thursday, though Barclays fell sharply after ...
Barrick Gold Corp said on Wednesday it would work with the government of Tanzania to find a way for a gold export ban to be lifted on its Acacia Mining unit and was aiming for a final agreement in the first half of 2018. The comments came in an earnings report from Barrick, which showed slightly weaker-than-expected third-quarter earnings due to lower production and gold prices as well as the impact of Acacia's halted exports. The Canadian miner, which owns 63.9 percent of Acacia, lowered the top-end of its 2017 production forecast range and raised the bottom-end of its cost outlook.
Anglo American (AAL.L) on Tuesday reported a 6 percent rise in output for the third quarter and raised its guidance on iron ore for a second time, but said it had removed "unprofitable ounces" from its platinum mines. Platinum miners in South Africa face an array of obstacles, including very deep, narrow seams along with a stubbornly low platinum price of around $930 an ounce (XPT=). Anglo American lowered its production guidance for platinum to 2.30-to-2.35 million from 2.35-to-2.40 million ounces following the closure of unprofitable production at the Bokoni mine, which was placed on care and maintenance in the quarter.
Anglo American reported mixed production figures for the third quarter, with a sharp rise in diamond output and declines in nickel and iron ore, while it also lowered full-year guidance for platinum.
The FTSE closed up 0.2 percent on Friday as sterling bounced back on hopes of a breakthrough in Brexit negotiations, and consumer heavyweights Unilever and Reckitt Benckiser weighed down an index that was earlier lifted by financials. The FTSE 100, which hit a record level last week, was on track for a slight weekly loss after four weeks of robust gains, bruised by sharp drops earlier in the week from Convatec (CTEC.L) and Merlin (MERL.L). British Prime Minister Theresa May won a modest reprieve in stalled talks with the European Union as EU leaders said they would begin preparations to move into the second phase of Brexit talks in December.
Global miner Rio Tinto (RIO.AX) (RIO.L) has opened its books to more than a half-dozen potential buyers of its remaining two Australian coal mines as it winds down the sales process, two people familiar with the sale process said on Friday. The Kestrel and Hail Creek coking coal mines on the block have attracted some of Australia's established coal miners, as well as private equity firms attracted to the positive outlook for selling metallurgical coal to Asian steel mills at robust prices, according to the people. The mines could fetch around $2 bln, the sources said, in a sale that if successful would complete Rio's plan to finalise its exit from the sector and focus on iron ore, copper and aluminium, where it maintains greater market share.
More than 20 companies have expressed an interest in bidding on the $2 billion Peruvian copper project Michiquillay in an auction due to take place on Dec. 20, the Peruvian government said on Monday. The auction date had been pushed back from the originally scheduled Nov. 15, state bidding agency Proinversion said in a statement. It said it had given more time for companies to sign up to take part, given the volume of interest.
Billionaire Anil Agarwal has increased his stake in Anglo American Plc to 19 percent, making him the biggest shareholder in the London blue-chip mining company.
Anil Agarwal began his career as a metals dealer in India nearly 50 years ago. Today, he is a billionaire making one of the biggest bets on the global mining industry’s recovery.
Diamonds can at last be an investor's best friend, the Singapore Diamond Investment Exchange (SDIX) said on Tuesday, as it launched a new standardised form of the precious stones to rival gold ingots as a safe-haven alternative to cash. Alain Vandenborre, chairman and founder of SDIX, says technology has solved that problem and diamonds can now become "the new gold". Diamond Bullion, produced by the Singapore Diamond Mint, is a collection of investment grade diamonds whose value can be quickly checked.
A new power struggle is unfolding in South Africa's old homelands between global mining giants, traditional leaders and an impoverished rural populace. Parts of an industry long used to labour unrest are now contending with community protests that have cut production of the country's largest mineral export earner, platinum, and may shut some operations down altogether. At the heart of the conflict are tribal leaders who have royal titles and feudal-style control over the homelands, poor rural areas designated to South Africa's black majority by its former white minority rulers during apartheid.
By Helen Reid and Julien Ponthus LONDON (Reuters) - A sharp fall in sterling boosted Britain's main share index on Thursday, with basic resources and oil and gas stocks contributing most to the upswing. ...
By Kit Rees LONDON (Reuters) - The UK's top share index rose to a four-week high on Monday as homebuilders rallied thanks to an extension of a government housing scheme, while airlines and miners also ...