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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

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Share Price: 1,951.80
Bid: 1,949.00
Ask: 1,950.00
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S.Africa's Kumba pins hopes on China's infrastructure stimulus

Tue, 26th Jul 2022 10:10

July 26 (Reuters) - South Africa's Kumba Iron Ore hopes China's economic stimulus spending on infrastructure will restore demand for iron ore after the Asian giant's COVID-19 lockdowns and property crisis hit prices in the first half of the year.

Kumba's shares were 1.46% lower at 0844 GMT on Tuesday after it reported a 50% decline in half-year profit, mainly due to lower iron ore prices and rising fuel and freight costs.

Its headline earnings per share - the main profit measure in South Africa - stood at 36.13 rand ($2.16) for the six months to June 30, compared with 72.82 rand last year.

China is the world's top producer of steel, which is made using iron ore mostly for real estate and infrastructure. Chinese policymakers have pledged to boost infrastructure spending to revive the world's second-biggest economy after it slowed sharply in the second quarter, hit by strict COVID-19 containment measures and a distressed property market.

"There's a significant stimulus that’s being provided by the Chinese authorities. We expect that to have an effect on iron ore demand. It is all about China in the iron ore market, so you would expect some support to come on that Chinese stimulus," Timo Smit, Kumba's executive head of marketing, said during a results call.

Iron ore prices touched two-week highs on Tuesday, extending a rally driven by hopes that Beijing's support for the real estate industry would also lift demand.

First-half production at Kumba's two mines declined 13% to 17.8 million tonnes, largely due to heavy rains that impacted mining operations in the Northern Cape in the first quarter.

These operating challenges were worsened by supply chain disruptions and rising costs, partly due to the conflict in Ukraine, weaker steel demand after COVID-19 lockdowns in China and a softer global economic outlook, Kumba said in a statement.

Kumba, which is 70% owned by Anglo American Plc, declared an interim dividend of 28.70 rand.

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Russia confirms deal to buy part of diamond producer Alrosa's output

MOSCOW, March 28 (Reuters) -

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26 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat amid China-West tension

(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.

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14 Mar 2024 16:33

London close: Stocks fall as US inflation tops forecasts

(Sharecast News) - London's equity markets finished in negative territory on Thursday, driven by a flurry of stocks going ex-dividend and investor reactions to the latest US producer inflation and jobless data.

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14 Mar 2024 12:09

LONDON MARKET MIDDAY: FTSE 100 trades flat but European peers rise

(Alliance News) - London's FTSE 100 underwhelmed on Thursday, weighed down by some of its stocks going ex-dividend, though trade was more confident in Paris and Frankfurt ahead of the afternoon's US data.

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13 Mar 2024 17:05

REPEAT: LONDON MARKET CLOSE: FTSE 100 in green as UK economy rebounds

(Correcting error in article lede.)

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13 Mar 2024 16:54

LONDON MARKET CLOSE: FTSE 100 in green as UK economy rebounds

(Alliance News) - can you change lede to: European stocks closed mostly higher on Wednesday, with the FTSE 100 driven higher by hopes that the UK recession is already over.

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13 Mar 2024 15:00

London close: Stocks mixed as UK economy returns to growth

(Sharecast News) - London markets finished with a mixed performance on Wednesday, following a surge on Tuesday, with investors buoyed by news of the UK economy's return to growth in January.

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13 Mar 2024 08:10

TOP NEWS: Anglo American rough diamond sales rise as demand recovers

(Alliance News) - Anglo American PLC on Wednesday said rough diamond sales by De Beers recovered compared to the first sales round of 2024, but they remained weaker on an annual basis.

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13 Mar 2024 07:21

Anglo American sees De Beers sales rise, but diamond outlook cautious

(Sharecast News) - Anglo American has reported another increase in rough diamond sales at De Beers as prices continue to rebound after slumping in 2023, though the company warned that tough macro conditions will keep a lid on growth for a while.

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11 Mar 2024 14:48

London close: Stocks mixed as investors look to US inflation data

(Sharecast News) - London markets closed in a mixed state on Monday, reflecting a broader trend of cautious trading after a primarily weaker session in Asian markets overnight.

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11 Mar 2024 08:48

LONDON MARKET OPEN: European stocks lower ahead of US inflation data

(Alliance News) - Stock prices in London opened a touch lower on Monday, with miners in the red despite some promising inflation data out of China, as eyes turn to Tuesday's consumer price index reading from the US.

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7 Mar 2024 16:03

UK dividends calendar - next 7 days

Friday 8 March 
Aberforth Smaller Cos Trust PLCdividend payment date
Aberforth Split Level Income Trust PLCdividend payment date
Avon Protection PLCdividend payment date
Baronsmead Second Venture Trust PLCdividend payment date
Baronsmead Venture Trust PLCdividend payment date
Blackstone Loan Financing Ltddividend payment date
GCP Infrastructure Investments Ltddividend payment date
Majedie Investments PLCdividend payment date
Paragon Banking Group PLCdividend payment date
PRS REIT PLCdividend payment date
Renew Holdings PLCdividend payment date
Residential Secure Income PLCdividend payment date
S & U PLCdividend payment date
SSE PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Monday 11 March 
no events scheduled 
Tuesday 12 March 
Invesco Perpetual UK Smaller Cos Investment Trust PLCdividend payment date
Wednesday 13 March 
Tharisa PLCdividend payment date
Thursday 14 March 
abrdn PLCex-dividend payment date
abrdn UK Smaller Cos Growth Trust PLCex-dividend payment date
Alpha Real Trust Ltdex-dividend payment date
Anglo American PLCex-dividend payment date
Apax Global Alpha Ltdex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Brooks Macdonald Group PLCex-dividend payment date
CRH PLCex-dividend payment date
Dunelm Group PLCex-dividend payment date
Entain PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fiske PLCex-dividend payment date
Galliford Try Holdings PLCex-dividend payment date
Haleon PLCex-dividend payment date
Heavitree Brewery A PLCex-dividend payment date
Heavitree Brewery PLCex-dividend payment date
JPMorgan Emerging Markets Invest Trust PLCex-dividend payment date
Lancashire Holdings Ltdex-dividend payment date
LPA Group PLCex-dividend payment date
Merchants Trust PLCdividend payment date
Murray Income Trust PLCdividend payment date
NatWest Groupex-dividend payment date
Real Estate Credit Investments Ltdex-dividend payment date
Treatt PLCdividend payment date
Tritax EuroBox PLC dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Mar 2024 16:53

LONDON MARKET CLOSE: Uninspiring trade before UK budget, ECB, US jobs

(Alliance News) - Stock prices in London closed lower on Monday, ahead of a key week of economic data, and monetary and fiscal policy announcements.

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29 Feb 2024 09:34

Anglo American completes project financing for South Africa projects

(Alliance News) - Anglo American PLC on Thursday said that it has completed project financing for three wind and solar projects in South Africa, alongside Envusa Energy Pty Ltd.

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28 Feb 2024 16:52

LONDON MARKET CLOSE: FTSE 100 down as Reckitt, St James's Place plunge

(Alliance News) - Stock prices in London closed lower on Wednesday, with some poorly-received updates from high profile names keeping a lid on enthusiasm, ahead of a key US inflation reading on Thursday.

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