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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: 2,629.00
Bid: 2,625.00
Ask: 2,626.00
Change: 4.00 (0.15%)
Spread: 1.00 (0.038%)
Open: 2,638.00
High: 2,644.50
Low: 2,602.00
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)

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10 May 2024 14:33

Chile copper output edges down in March, dragged by Codelco

SANTIAGO, May 10 (Reuters) -

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10 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 hits record high on BoE vote, UK GDP

(Alliance News) - Stock prices in London were up at midday on Friday, hitting a record high once again as investors reacted positively to a dovish Bank of England interest rates hold.

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10 May 2024 09:03

LONDON MARKET OPEN: Stocks buoyed by dovish BoE hold and UK GDP growth

(Alliance News) - Stock prices in London opened up after a dovish Bank of England interest rates hold on Thursday.

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8 May 2024 09:27

PRESS: South Africa's PIC open to BHP takeover bid for Anglo American

(Alliance News) - South Africa's state-owned asset management firm Public Investment Corp has signalled that it remains open-minded about BHP Group Ltd's bid to buy Anglo American PLC, Business Day reported.

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3 May 2024 17:53

UK's FTSE 100 hits record high as favourable data boosts sentiment

Anglo American jumps after report of Glencore interest

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3 May 2024 16:52

London close: Stocks rise as US payrolls come in weaker

(Sharecast News) - London markets closed positively on Friday, as investors digested slower-than-expected payrolls growth in the US, while Anglo American jumped amid anticipation of a potential bidding war for the mining giant.

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3 May 2024 14:09

Anglo CEO meets S.Africa mines minister after BHP's takeover proposal

JOHANNESBURG, May 3 (Reuters) - Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source familiar with the matter told Reuters.

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3 May 2024 12:19

LONDON MARKET MIDDAY: Stocks up as market readies for US jobs report

(Alliance News) - Stock prices in London were in the green at midday on Friday, as investors remained optimistic ahead of an incoming US jobs report, which may allay some fear around interest rate expectations.

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3 May 2024 09:23

PRESS: Glencore mulls rival bid for Anglo American - Reuters

(Alliance News) - Shares in Anglo American PLC rose on Friday after Reuters reported Glencore PLC could launch a rival bid for the mining company.

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3 May 2024 07:49

Glencore said to be studying approach for Anglo American

(Sharecast News) - Glencore is reportedly studying an approach for Anglo American, a development that could spark a bidding war.

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2 May 2024 19:33

Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets

TORONTO, May 2 (Reuters) - The CEO of Canadian miner Hudbay Minerals said BHP Group's $39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines.

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2 May 2024 12:39

BHP deploys team to SA to woo officials over Anglo deal - report

(Sharecast News) - BHP has reportedly deployed a team of senior executives to South Africa as it ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.

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1 May 2024 15:10

Barrick Gold is not interested in bidding for Anglo American, CEO says

TORONTO, May 1 (Reuters) - Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark Bristow said on Wednesday.

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30 Apr 2024 16:00

TOP NEWS: Anglo American shares recover on improvement, copper appeal

(Alliance News) - Anglo American PLC reported on Tuesday investors had taken notice of measures the diversified mining group had taken to improve its performance.

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30 Apr 2024 14:11

Copper smelters in leading buyer China wary of BHP-Anglo American tie-up

April 30 (Reuters) - Chinese smelters, the world's biggest buyers of mined copper, are concerned they will lose power to negotiate prices if BHP Group, known locally as "the big miner", succeeds in its bid for rival Anglo American .

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