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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: 2,750.00
Bid: 2,747.50
Ask: 2,750.00
Change: 107.00 (4.05%)
Spread: 2.50 (0.091%)
Open: 2,700.00
High: 2,753.00
Low: 2,670.00
Prev. Close: 2,643.00
AAL Live PriceLast checked at -

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UK stocks close higher on commodities lift

Mon, 08th Apr 2024 17:15

FTSE 100 up 0.4%, FTSE 250 adds 0.7%

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U.S. CPI, UK GDP figures due later this week

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UBS raises price target on Easyjet, shares up

April 8 (Reuters) - The main UK share indexes rose on Monday, supported by miners as Shanghai copper prices touched record highs, while betting group Entain rallied on speculation of a potential takeover.

The commodity-heavy FTSE 100 closed 0.4% higher following a sluggish start to the session, while the midcap FTSE 250 index added 0.7%.

Shares of mining giants Rio Tinto, Glencore and Anglo American rose in the range of 1.9% and 4.2% as copper prices climbed to new peaks, catching up with a rally in other commodities on strong manufacturing data from top metals consumer China.

"Mining stocks have generally lagged but they may be starting to move now which is definitely a trend that's worth watching," said Russ Mould, investment director at AJ Bell.

Investors looked ahead to U.S. inflation and UK GDP figures later this week for clues on the path of monetary policy.

UK equities logged weekly losses on Friday after stronger-than-expected U.S. economic data prompted investors to scale back bets of several interest rate hikes from the Federal Reserve this year.

Britain's GDP data on Friday is expected to show the economy grew 0.1% in February, on a month-on-month basis, following a 0.2% rise in January.

"Wetter weather and lower oil/energy production will, we think, keep GDP from budging very much," said Sanjay Raja, senior economist at Deutsche Bank. "Looking ahead, we think the UK economy is at a turning point following on from its short and shallow recession last year."

A Deloitte survey showed concern about economic uncertainty among large British companies has fallen to its lowest since mid-2021, but the improved mood is not yet translating into stronger investment.

Among other stocks, Entain rose 5.2% after a Sunday Times report said private equity firms including Apollo were circling the betting and gaming group.

Easyjet gained 3.3% after UBS raised its price target on the airline's stock. (Reporting by Pranav Kashyap, Khushi Singh and Sruthi Shankar in Bengaluru; Editing by Mrigank Dhaniwala, Shounak Dasgupta and Christina Fincher)

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Today 17:39

FTSE 100 extends record streak on company news

Anglo American up after report BHP considering better offer

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Today 17:05

Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake

LONDON/SYDNEY, April 29 (Reuters) - Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP , as activist investor Elliott further raised the stakes by increasing its holding in the takeover target.

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Today 16:58

LONDON MARKET CLOSE: FTSE 100 as investors look to Fed rate decision

(Alliance News) - The FTSE 100 in London closed higher on Monday, outperforming its European counterparts, as investors eye this week's interest rate decision from the US Federal Reserve.

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Today 15:08

London close: Stocks manage to finish above the waterline

(Sharecast News) - London markets showed resilience on Monday, finishing in the green as investors looked to the start of the US Federal Reserve's policy meeting.

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Today 14:48

Takeover rules to prevent Anglo from saying much on BHP bid at AGM

LONDON, April 29 (Reuters) - BHP's $39 billion bid will be the elephant in the room at Anglo American's Tuesday annual general meeting, with regulations meaning little can be said about the spurned offer.

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Today 13:28

South Africa views BHP bid for Anglo as 'normal market activity'

JOHANNESBURG, April 29 (Reuters) - South Africa views BHP Group's proposed bid for Anglo American as "normal market activity" and is following the process as it unfolds, President Cyril Ramaphosa's spokesperson said on Monday.

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Today 12:37

South African president's spokesperson: BHP bid for Anglo 'normal market activity'

JOHANNESBURG, April 29 (Reuters) - South African President Cyril Ramaphosa's spokesperson said on Monday that BHP Group's proposed offer to buy Anglo American was "normal market activity".

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Today 12:03

LONDON MARKET MIDDAY: Outperforming FTSE 100 spikes to another record

(Alliance News) - London's FTSE 100 was higher heading into Monday afternoon, though trade was more cautious in mainland Europe, as focus turns to this week's Federal Reserve interest rate decision.

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Today 11:51

PRESS: BHP considering improved offer for Anglo American - Reuters

(Alliance News) - BHP Group Ltd is considering making an improved offer for fellow miner Anglo American PLC, according to a report from Reuters on Monday.

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Today 09:50

BHP adviser canvassing investor views on improved Anglo bid, sources say

SYDNEY, April 29 (Reuters) - An adviser to BHP on its $39 billion Anglo American bid is seeking views from some of its shareholders as the miner weighs making a revised offer after its initial proposal was rejected last week, sources said.

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Today 08:54

LONDON MARKET OPEN: Solid start to week for record-setting FTSE 100

(Alliance News) - Stocks in London opened at a record high on Monday, as a key week for equities got off to a solid start.

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27 Apr 2024 17:50

BHP considering improved proposal for Anglo American after bid rejected, source says

April 27 (Reuters) - BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters.

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27 Apr 2024 16:08

BHP to consider improved Anglo proposal after bid was rejected, Bloomberg News reports

April 27 (Reuters) - BHP Group is considering making an improved proposal for Anglo American after its $39-billion initial offer was rejected by the London-listed miner, Bloomberg News reported on Saturday, citing people familiar with the matter. (Reporting by Rishabh Jaiswal in Bengaluru, Editing by Timothy Heritage)

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26 Apr 2024 17:31

FTSE 100 continues record run, Darktrace rallies on buyout deal

Darktrace rallies after Thoma Bravo's buyout deal

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26 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks rise despite robust US data

(Alliance News) - Stock prices in Europe closed higher on Friday, overlooking another red-hot US inflation reading, with the FTSE 100 achieving another record high.

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