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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
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Share Price: 2,510.00
Bid: 2,504.50
Ask: 2,505.50
Change: 30.00 (1.21%)
Spread: 1.00 (0.04%)
Open: 2,400.00
High: 2,510.00
Low: 2,392.00
Prev. Close: 2,480.00
AAL Live PriceLast checked at -

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London stocks edge higher after mixed jobs report

Tue, 14th May 2024 17:20

FTSE 100 up 0.2%; FTSE 250 adds 0.3%

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Vodafone jumps after meeting market expectations

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Anglo American down on plans of divesting business unit

May 14 (Reuters) - London stocks rose on Tuesday, led by advances in the personal goods sector, while tightness in the labour market and strong wage growth had investors on edge about interest rate cuts.

The benchmark index FTSE 100 was up 0.2% after snapping a six-session winning streak on Monday. The midcap FTSE 250 index ended 0.3% higher.

The personal goods sector climbed 2.0% to lead gains on the index, while medical equipment and services followed with a 1.1% rise.

The energy sector fell 1.0%, the most among sectors, mirroring weakness in oil prices.

Meanwhile, data showed on Tuesday that British wages grew more than expected, but other figures suggested the labour market was losing some of its inflationary heat, pushing money market participants to remain split on June rate cut bets.

"Markets seem to be a little bit subdued... it seems to have digested slightly stronger than expected wage growth relatively well. It maybe focusing a little bit more on the inflation data in the next few days," said Richard Flax, chief investment officer at Moneyfarm.

Investor focus will now shift to a key inflation reading in the United States, due on Wednesday, to gauge the Federal Reserve's monetary policy path.

"We have U.S. CPI tomorrow and investors may be just looking at whether the macro environment really could improve from here," Flax added.

In corporate news, Vodafone rose 4.7% after the telecom operator met market forecasts for the year to end-March.

Flutter Entertainment lost 1.9% after the largest online betting company reported its first quarter results.

Anglo American tumbled 3.2% to the bottom of the index, after Reuters reported company is exploring an initial public offering of its diamond business De Beers, amid urging from BHP Group's boss to consider takeover benefits. (Reporting by Pranav Kashyap, Shubham Batra and Purvi Agarwal in Bengaluru; Editing by Mrigank Dhaniwala, Nivedita Bhattacharjee and Josie Kao)

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30 May 2024 18:20

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

LONDON, May 30 (Reuters) - Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, Chief Executive Duncan Wanblad said on Thursday.

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30 May 2024 15:35

South African inflation risks ease but no rate cut yet

South Africa's central bank keeps repo rate unchanged

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30 May 2024 15:15

How a rattled South Africa became Anglo's best defence against BHP bid

BHP deal fell apart as Anglo rallied around structure

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30 May 2024 14:19

UK politicians urge Anglo to rethink fertiliser project halt

LONDON, May 30 (Reuters) - UK politicians are calling on Anglo American to rethink halting its work at the Woodsmith fertiliser project in northern England, part of an asset overhaul Anglo announced after rejecting takeover proposals from global miner BHP Group.

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30 May 2024 14:04

How a rattled South Africa became Anglo's best defence against BHP bid

BHP deal fell apart as Anglo rallied around structure

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30 May 2024 11:36

UK politicians urge Anglo to rethink fertiliser project halt

LONDON, May 29 (Reuters) - UK politicians are calling on Anglo American to rethink halting its work at the Woodsmith fertiliser project in northern England, part of an asset overhaul Anglo announced after rejecting takeover proposals from global miner BHP Group.

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30 May 2024 09:23

LONDON BROKER RATINGS: Jefferies and UBS cut Anglo American

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

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30 May 2024 09:22

Jefferies downgrades Anglo American to 'hold'

(Sharecast News) - Jefferies downgraded Anglo American to 'hold' from 'buy' on Thursday and slashed the price target to 2,700p from 3,200p after BHP abandoned its £39bn pursuit of the London-listed miner as the deal structure couldn't be resolved.

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30 May 2024 07:40

LONDON BRIEFING: Dr Martens cuts payout as profit plummets

(Alliance News) - Stocks in London are called to open lower on Thursday, with investors nervous ahead of Friday's US inflation print.

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29 May 2024 19:29

UPDATE: Anglo American backs "clear pathway" after BHP ends pursuit

(Alliance News) - Anglo American PLC on Wednesday said it can "unlock significant value for its shareholders", as the miner goes at it alone after successfully fending off a takeover tilt from larger peer BHP Group Ltd.

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29 May 2024 17:58

BHP walks away from $49 billion pursuit of mining rival Anglo

Anglo reiterates BHP offer difficult to execute, erodes value

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29 May 2024 17:16

European shares suffer worst day in over 6 weeks as rate jitters persist

Royal mail owner IDS surges after agreeing to $4.6 bln takeover

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29 May 2024 17:08

London stocks fall as rate cut jitters weigh, Anglo rejects BHP

FTSE 100 down 0.9%; FTSE 250 sheds 1.3%

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29 May 2024 16:58

LONDON MARKET CLOSE: Stocks fall as US Treasury yields widen

(Alliance News) - Stock prices in Europe declined on Wednesday with markets nervy ahead of US data later this week, and as investors digest hawkish words from a US central banker.

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29 May 2024 16:41

UPDATE: BHP says will not make firm offer for Anglo American

(Alliance News) - BHP Group Ltd on Wednesday afternoon confirmed it does not intend to make a firm offer for Anglo American PLC, hours after the latter rejected its request for an extension to a bid deadline.

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