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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: 2,627.50
Bid: 2,626.00
Ask: 2,627.50
Change: 2.50 (0.10%)
Spread: 1.50 (0.057%)
Open: 2,638.00
High: 2,644.50
Low: 2,620.00
Prev. Close: 2,625.00
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)

More News
14 May 2024 09:49

Anglo shareholder welcomes proposed strategic revamp

LONDON, May 14 (Reuters) - Anglo American shareholder Aegon Asset Management said on Tuesday it welcomed a proposed strategy revamp at the London-listed mining firm, as it tries to fend off a takeover bid from the world's largest miner BHP Group.

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14 May 2024 09:23

South African rand lower ahead of mining and unemployment data

JOHANNESBURG, May 14 (Reuters) - South Africa's rand weakened early on Tuesday, ahead of local mining and first quarter unemployment data.

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14 May 2024 09:02

TOP NEWS: Anglo American unveils most "radical" strategy in decades

(Alliance News) - Anglo American PLC on Tuesday unveiled a new "radical" strategy that will see it keep copper and iron ore assets, while getting rid of platinum and diamond businesses.

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14 May 2024 08:33

Amplats shares fall 10% as Anglo American eyes demerger

JOHANNESBURG, May 14 (Reuters) - Anglo American Platinum's Johannesburg-listed shares traded down around 10% in early trade on Tuesday, after parent company Anglo American said in a strategic review that it was exploring a demerger of its troubled platinum unit.

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14 May 2024 07:21

Anglo unveils radical shake-up to simplify portfolio, cut costs

(Sharecast News) - Anglo American has announced a "major new phase" in its strategy as it makes radical changes to its business structure to drive shareholder returns and save costs, including the divestment or spin-off of its steelmaking coal, nickel, platinum and diamond operations.

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13 May 2024 17:50

Anglo American rejects BHP's revised $42.7 billion buyout proposal

Had rejected a previous $39 billion all-share proposal in April

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13 May 2024 16:55

LONDON MARKET CLOSE: FTSE win streak snapped in tepid start to week

(Alliance News) - London's FTSE 100 ended lower in subdued trade on Monday, with investors anxiously awaiting Wednesday's US inflation data.

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13 May 2024 15:20

UPDATE: Anglo American says new BHP bid undervalues future prospects

(Alliance News) - Anglo American PLC on Monday said the latest bid proposal from mining peer BHP Group Ltd continues to "significantly undervalue" it and its "future prospects."

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13 May 2024 13:47

Anglo American rejects second, £34bn takeover offer from BHP

(Sharecast News) - BHP said on Monday that Anglo American has rejected a revised offer from the Australian miner which valued the company at £34bn.

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13 May 2024 13:46

TOP NEWS: BHP confirms Anglo American rejects improved takeover offer

(Alliance News) - BHP Group Ltd on Monday confirmed that made an improved offer to buy mining peer Anglo American PLC last week, but said the offer was rejected by the Anglo board on Monday.

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13 May 2024 09:41

LONDON BROKER RATINGS: BAE Systems and Mondi cut to 'neutral'

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

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13 May 2024 09:01

LONDON MARKET OPEN: Stocks make steady start as investors eye US CPI

(Alliance News) - Stock prices in London opened modestly higher on Monday, pausing for breath after the recent record breaking run as investors look ahead to key inflation figures in the US.

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10 May 2024 17:21

STOXX 600 closes at record high on earnings, rate cut optimism

Rio Tinto considered bid for BHP-target Anglo American -report

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10 May 2024 17:10

London's FTSE 100 extends record hitting streak as UK exits recession

FTSE 100, FTSE 250 add 0.6%

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10 May 2024 16:02

London close: Stocks rise further as UK exits recession

(Sharecast News) - London stocks finished the trading week on a positive note on Friday, driven by gains in the mining sector, following the release of data indicating the UK's exit from recession.

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