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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
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Share Price: 2,693.50
Bid: 2,680.50
Ask: 2,684.00
Change: 0.00 (0.00%)
Spread: 3.50 (0.131%)
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High: 0.00
Low: 0.00
Prev. Close: 2,693.50
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UPDATE 2-Earnings, metal rally spur European stocks to record high

Thu, 15th Apr 2021 09:40

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 hits highest since Feb 2020 as miners jump

* German real estate firms rise as rent cap rule overturned

* Deliveroo slips despite reporting jump in orders

* STOXX 600 Q1 earnings expected to jump over 50% - data
(Updates to close)

By Sruthi Shankar

April 15 (Reuters) - European stocks closed at a record high
on Thursday as a rally in commodity prices lifted mining stocks
and a slate of upbeat earnings reports offset worries about the
pace of COVID-19 vaccinations.

The pan-European STOXX 600 index rose 0.5% in its
third session of gains, with miners jumping 1.5%.

Travel & leisure stocks closed up 0.1% after hitting
a record high earlier in the session.

The UK's commodity-heavy FTSE 100 rose 0.6% to its
highest level since February 2020 as a surge in metals prices
lifted shares of companies such as Rio Tinto, Anglo
American and BHP.

While European stocks have now recovered all of their
pandemic-induced losses from last year, they have lagged their
U.S. counterparts due to a choppy COVID-19 vaccine roll-out as
well as a new wave of infections across the continent.

U.S. drugmaker Johnson & Johnson this week delayed
the roll-out of its COVID-19 shot in Europe, while Denmark said
it would drop a similar vaccine from AstraZeneca over
the risk of blood clotting.

"The euro zone economy might lag others more than we had
expected previously because of the concerns around AstraZeneca,"
said Paul Jackson, global head of asset allocation research at
Invesco.

"Notwithstanding that, once they are vaccinated, European
countries have more to gain than most others."

With U.S. economic data and corporate earnings reports
reinforcing expectations of a swift global economic rebound,
attention this month will turn to the quarterly earnings season
in Europe.

Analysts expect earnings at STOXX 600 firms to rebound more
than 50% in the first quarter following a slide of nearly 40% in
the same quarter a year earlier, according to Refinitiv I/B/E/S
data.

On Thursday, Swiss engineering company ABB rose
3.1% after raising its full-year sales outlook, while French
advertising group Publicis gained 3.3% as it returned
to organic growth for the first time since before the pandemic.

Shares in Publicis' British rival WPP rose 0.5%.

German real estate companies Deutsche Wohnen, LEG
Immobilien and TAG Immobilien rose between
0.9% and 2.5% after the Constitutional Court ruled that a law
putting a rent cap on apartments in Berlin was invalid.

Britain's food delivery company Deliveroo slipped
3.8% even as its quarterly orders more than doubled in its first
trading update since its underwhelming market debut last month.

Norwegian lender Sbanken soared 30.3% after the
country's largest bank DNB agreed to buy the smaller
competitor in a deal worth 11.1 billion Norwegian crowns ($1.3
billion).
(Reporting by Sruthi Shankar in Bengaluru, additional reporting
by Sagarika Jaisinghani, editing by Shounak Dasgupta, Kirsten
Donovan)

More News
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

*

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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 .

Read more
30 Apr 2024 13:13

Anglo to meet top shareholders on BHP bid as takeover rules restrain AGM

LONDON, April 29 (Reuters) - Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39 billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing the spurned offer by takeover regulations.

Read more
30 Apr 2024 09:46

LONDON BROKER RATINGS: Deutsche says buy Barr, Britvic and Fevertree

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

Read more
30 Apr 2024 08:39

As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets

Anglo investors fret over holding shares in South African assets

*

Read more
29 Apr 2024 17:39

FTSE 100 extends record streak on company news

Anglo American up after report BHP considering better offer

*

Read more

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