The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,619.50
Bid: 2,614.00
Ask: 2,616.00
Change: -87.50 (-3.23%)
Spread: 2.00 (0.077%)
Open: 2,745.00
High: 2,749.50
Low: 2,596.50
Prev. Close: 2,707.00
AAL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

Tue, 20th Feb 2024 16:52

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

The FTSE 100 index closed down 9.29 points, 0.1%, at 7,719.21. The FTSE 250 ended down 107.27 points, 0.6%, at 19,109.63, and the AIM All-Share closed down 3.28 points, 0.4%, at 753.05.

The Cboe UK 100 ended down 0.1% at 772.61, the Cboe UK 250 closed down 0.7% at 16,524.61, and the Cboe Small Companies ended down 0.2% at 14,488.85.

In European equities on Tuesday, the CAC 40 in Paris ended up 0.4%, while the DAX 40 in Frankfurt ended down 0.1%.

Bank of England governor Andrew Bailey at a Treasury Select Committee meeting said that the UK's recession is "very weak". Bailey said that compared to recessions dating back to the 1970s, the 0.5% cumulative reduction in gross domestic product in the third and fourth quarter was "the weakest by a long way".

Bailey also signalled that inflation does not need to reach 2% before the bank starts cutting interest rates.

"This gave some clarity on how the central bank might behave and gave a spark to bond markets, but it wasn't enough to put stocks and shares into overdrive," said AJ Bell's Russ Mould.

"Normally any encouraging comments about interest rates cuts would fire up equities. In this situation, Bailey was only setting the scene about how things might work in the future, rather than laying his cards on the table and revealing the precise moment when the Bank would start to cut."

The pound was quoted at USD1.2649 at the London equities close Tuesday, higher compared to USD1.2589 at the close on Monday.

The euro stood at USD1.0818 at the European equities close Tuesday, up against USD1.0764 at the same time on Monday. Against the yen, the dollar was trading at JPY149.84, down compared to JPY150.17 late Monday.

Barclays led the FTSE 100 charge on Tuesday, closing up 8.6%.

Barclays said its total income in 2023 rose 1.7% year-on-year to GBP25.38 billion from GBP24.96 billion, with growth in Barclays UK of 4.5% to GBP7.59 billion. However, pretax profit fell 6.5% to GBP6.56 billion from GBP7.01 billion, as its credit impairment charge widened to GBP1.88 billion from GBP1.22 billion. In the fourth quarter, total income fell 3.5% to GBP5.60 billion, while pretax profit plunged 92% to GBP110 million, after restructuring costs of GBP927 million.

For 2023, the total dividend rose to 8.0 pence from 7.25p the year before. The bank plans to begin another share buyback worth GBP1.0 billion, bringing total capital distributions for the year to GBP3.0 billion, which is up around 37% on 2022. It is also planning at least GBP10 billion in capital returns to shareholders between 2024 and 2025.

NatWest, Lloyds and HSBC were up 1.7%, 1.8% and 0.9% respectively, in a positive read across.

At the bottom of the index were miners Rio Tinto and Anglo American, down 3.7% and 3.3%, respectively.

In the FTSE 250, Mobico lost 9.6%.

The Birmingham-based public transport provider, formerly known as National Express, said it would delay the publication of its annual results, as the company warned that increased provisions needed to be made relating to its German rail business.

The annual results are now expected to be published before the end of March, with an exact date to be confirmed in due course. They were due for release on February 29.

Ferrexpo lost 6.3%, after it said it is withdrawing its interim dividend.

Ferrexpo is a Baar, Switzerland-based iron ore pellet producer in Ukraine, supplying the pellets to steel makers globally.

The company said it is not proceeding with the interim dividend of 3.3 US cents it had proposed in January due to a claim against one of its Ukrainian subsidiaries, Ferrexpo Poltava Mining.

Amongst London's small-caps, Superdry shot up 17%.

Shares in the Cheltenham, England-based clothes retailer jumped, after a report suggested that a US investment firm is in talks to buy the embattled retailer.

Sky News said Davidson Kempner, the New York-based investment management firm, is in discussions with co-founder and Chief Executive Julian Dunkerton about backing an offer for Superdry.

Earlier this month, Dunkerton confirmed that he is in discussions with potential financing partners.

On AIM, shares in Horizonte Minerals shares plummeted 59%.

This drop came after Horizonte's late-Monday announcement of a preliminary cost-to-complete estimate and schedule for its 100% owned Araguaia nickel project in northern Brazil.

The review indicated that the project would require an additional USD454 million in capital before delivery of first metal. This brings the estimate-at-completion figure to just over USD1.00 billion, around 87% higher than Horizonte's originally disclosed budget of USD537 million.

Stocks in New York were lower at the London equities close, with the DJIA down 0.1%, the S&P 500 index down 0.6%, and the Nasdaq Composite down 1.2%.

Brent oil was quoted at USD82.09 a barrel at the London equities close Tuesday, down from USD83.53 late Monday. Gold was quoted at USD2,027.87 an ounce at the London equities close Tuesday, up against USD2,013.67 at the close on Monday.

In Wednesday's UK corporate calendar, there are full year results from BAE Systems, Glencore, HSBC, and Rio Tinto.

The economic calendar for Wednesday has UK public sector net borrowing data at 0700 GMT.

There will also be eyes on speeches from some key central bank members. In the UK, Bank of England committee member Swati Dhingra will speak. In the US, Fed Governor Michelle Bowman will also do a talk.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
25 Apr 2024 09:56

Stocks and yen struggle as tech troubles weigh

Stocks struggle after Meta afterhours swoon

*

Read more
25 Apr 2024 09:30

CORRECT: BHP confirms GBP31 billion takeover offer for Anglo American

(Correcting BHP's price quote in Sydney was from Wednesday.)

Read more
25 Apr 2024 09:12

LONDON MARKET OPEN: Anglo American jumps on takeover bid from BHP

(Alliance News) - Stock prices in London opened mixed on Thursday, as investors cautiously eye data on the health of the US economy.

Read more
25 Apr 2024 09:00

TOP NEWS: BHP confirms GBP31 billion takeover offer for Anglo American

(Alliance News) - BHP Group Ltd on Thursday confirmed it has offered to buy mining peer Anglo American PLC in an all-share deal valuing the London-based miner at GBP31.1 billion.

Read more
25 Apr 2024 08:11

Anglo American shares surge 13% after BHP buyout offer

LONDON, April 25 (Reuters) - Shares in Anglo American soared over 13% shortly after the open on Thursday, after the London-listed miner said it has received a buyout offer from the world's largest listed miner, BHP Group.

Read more
25 Apr 2024 07:56

REPEAT: Miner Anglo American reviews takeover bid from rival BHP

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 07:43

LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 06:39

Anglo American confirms takeover proposal from BHP

(Sharecast News) - Anglo American surged on Thursday after it received an unsolicited non-binding and highly conditional £31.1bn all-share takeover proposal from Australia's BHP Group - a deal that would create the world's largest miner and copper producer.

Read more
25 Apr 2024 02:47

TOP NEWS: Australia's BHP launches bid to acquire rival Anglo American

(Alliance News) - British mining heavyweight Anglo American PLC confirmed Thursday it was "reviewing" a takeover bid from its larger Australian rival BHP Group Ltd, in what would rank as one of the sector's biggest deals in years.

Read more
24 Apr 2024 17:06

CORRECT: No record close for FTSE 100; mixed trade in US

(Correcting day of the week in the opening sentence.)

Read more
24 Apr 2024 17:00

LONDON MARKET CLOSE: No record close for FTSE 100; mixed trade in US

(Alliance News) - Stock prices in London closed lower on Thursday, with the FTSE 100's recent rally taking a pause for breath, but not after hitting another record high.

Read more
24 Apr 2024 15:09

London close: Stocks finish weaker after earlier gains

(Sharecast News) - London markets closed the day weaker on Wednesday, reversing earlier gains as Wall Street stocks opened lower, although mining stocks remained above the waterline.

Read more
23 Apr 2024 16:55

LONDON MARKET CLOSE: FTSE 100 gains pared after hitting record high

(Alliance News) - European equities ended higher on Tuesday, with the FTSE 100 hitting its best level, before succumbing to some selling pressure in afternoon dealings.

Read more
23 Apr 2024 15:19

Europe close: Stocks rise as investors digest PMI data

(Sharecast News) - European markets closed above the waterline on Tuesday, propelled by positive survey data from the eurozone that bolstered investor sentiment.

Read more
23 Apr 2024 14:29

UK shareholder meetings calendar - next 7 days

Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
Tuesday 30 April 
Amigo Holdings PLCGM re capital raise
Anglo American PLCAGM
BBGI Global Infrastructure SAAGM
CVC Income & Growth LtdAGM
Elementis PLCAGM
Minoan Group PLCAGM
Pebble Group PLCAGM
Robert Walters PLCAGM
Rotork PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.