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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
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Share Price: 2,374.50
Bid: 2,368.00
Ask: 2,369.00
Change: -29.00 (-1.21%)
Spread: 1.00 (0.042%)
Open: 2,400.00
High: 2,411.50
Low: 2,339.50
Prev. Close: 2,403.50
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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4 Jun 2024 10:58

Foreign takeovers of UK firms hit four-year low in early 2024

(Alliance News) - British firms saw a sharp decrease in takeover deals by foreign companies in the last quarter, the Office for National Statistics (ONS) said.

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3 Jun 2024 19:35

Canada's Taseko shares fall 8% after strike at Gibraltar mine

TORONTO, June 3 (Reuters) - Shares of Canadian copper miner Taseko Mines fell 8% on Monday on the Toronto Stock Exchange as the company suspended operations at its Gibraltar mine after workers called a strike over the weekend.

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2 Jun 2024 18:28

Sunday newspaper round-up: Copper, Boeing, OPEC+

(Sharecast News) - Analysts believe that copper prices might fall sharply if the US central bank starts lowering interest rates. According to analysts at Liberum that is because once prices are brought under control and the Fed starts cutting rates the metal will lose its attractiveness as an inflation hedge. An increasing number of analysts also believe that an increased need for copper on account of the green revolution has already been priced in. - The Financial Mail on Sunday

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31 May 2024 15:40

Botswana's Debswana diamond sales fall 48% in first quarter

GABORONE, May 31 (Reuters) - Debswana Diamond Company's rough diamond sales fell 48.3% in the first quarter of 2024, data released by Botswana's central bank showed Friday, as the sluggish market conditions faced in 2023 continued into the beginning of the new year.

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31 May 2024 09:59

Take Five: Cool jobs at last

May 31 (Reuters) - The start of a new month can mean only one thing for investors: time for the all-important monthly U.S. employment report, but also for a likely European Central Bank rate cut, as well as the outcome of India's marathon general election.

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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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