George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

Pin to quick picksAntofagasta Share News (ANTO)

Share Price Information for Antofagasta (ANTO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,039.00
Bid: 2,041.00
Ask: 2,042.00
Change: 0.00 (0.00%)
Spread: 1.00 (0.049%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 2,039.00
ANTO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET OPEN: Stocks Mixed; Elementis Falls After Profit Warning

Tue, 14th Jan 2020 08:51

(Alliance News) - Stock prices in London opened on a downbeat note on Tuesday following a mixed close in Asia, while in the FTSE 250, Elementis sank after issuing a profit warning.

The FTSE 100 was down 1.88 points at 7,615.72. The mid-cap FTSE 250 index was up 35.53 points, or 0.2% at 21,752.29. The AIM All-Share index was flat at 965.75.

The Cboe UK 100 index was up 0.1% at 12,911.39. The Cboe 250 was up 0.2% at 19,613.61 and the Cboe Small Companies was down 0.1% at 12,439.02.

In mainland Europe, the CAC 40 in Paris was down 0.4% and the DAX 30 in Frankfurt down 0.3% in opening trade.

In the FTSE 100, Antofagasta and Glencore were up 1.4% and 1.9% respectively after Liberum raised the miners to Buy from Hold.

Taylor Wimpey was up 0.1% after the housebuilder said that despite ongoing economic and political uncertainty during the year in the UK, the housing market remained stable throughout 2019.

Taylor Wimpey said its total home completions increased by 5% to 15,719 in 2019, including joint ventures, from 14,933 in 2018. It ended 2019 with a record total order book valued at GBP2.18 billion, up from GBP1.78 billion in 2018.

"Naturally, there are concerns which will need to be closely monitored. At the higher end of the housing market, there has been some pressure, particularly in London and the South East to which Taylor Wimpey is exposed. In 2020, the company's performance will likely be second-half weighted, while there may be some headwinds developing as negotiations with Europe develop over the year. Further out, the removal of the Help to Buy scheme will undoubtedly punch a large hole in profits, and the sector as a whole will need to take action to replace that income," said Interactive Investor's Richard Hunter.

In the FTSE 250, Dixons Carphone was the best performer, up 5.9% after Goldman Sachs upgraded the electrical goods and mobile phone retailer to Buy from Neutral.

Grafton Group was up 5.8% after the Irish builders' merchant said trading in November and December was better than anticipated, despite end markets remaining subdued.

Games Workshop was up 5.5% after the tabletop games maker said it delivered record sales and profit levels in during the interim period. For the half year ended December 1, revenue rose 19% to GBP148.4 million from GBP125.2 million the year before, and pretax profit increased 43% to GBP58.6 million from GBP40.8 million. Reported sales grew by 19% to GBP148.4 million for the period.

At the other end of the midcaps, Elementis was the worst performer, down 13% after the speciality chemicals company said it expects to report a drop in adjusted operating profit for 2019 following a subdued trading performance in the last quarter.

For the year, Elementis expects adjusted operating profit to be between USD122 million to USD124 million, a 6.8% to 8.2% decline from GBP133 million in 2018.

The Japanese Nikkei 225 index closed up 0.7% on Tuesday. In China, the Shanghai Composite closed down 0.3%, while the Hang Seng index in Hong Kong closed down 0.5%. Markets in Japan reopened after being closed for a holiday on Monday.

The US Treasury Department announced on Monday that it has dropped its designation of China as currency manipulator just days before the two countries are to sign an initial trade agreement.

"China has made enforceable commitments to refrain from competitive devaluation, while promoting transparency and accountability," US Treasury Secretary Steven Mnuchin said in a statement.

The pound was quoted at USD1.2972 Tuesday morning, lower than USD1.2989 late Monday.

In UK political news, Prime Minister Boris Johnson's Brexit deal has cleared its first major hurdle in the House of Lords.

The euro was quoted at USD1.1140 Tuesday, flat from USD1.1144 late Monday. Against the yen, the dollar was trading at JPY110.01, up from JPY109.89 late Monday.

Oil was quoted at USD64.0.2 Tuesday morning, lower than USD64.24 late Monday.

Gold was quoted at USD1,538.85 early Tuesday, down from USD1,551.79 late Monday.

The economic events calendar on Tuesday has US inflation readings at 1330 GMT.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
27 Mar 2024 21:20

Peruvian miner Buenaventura adds two board members from Chile's Antofagasta

LIMA, March 27 (Reuters) - Peru's Buenaventura , one of the country's largest miners of precious metals, on Wednesday said it added two executives from Chile's Antofagasta to its board of directors following a partnership that began late last year.

Read more
27 Mar 2024 20:12

Peruvian miner Buenaventura adds 2 board members from Chile's Antofagasta

LIMA, March 27 (Reuters) - Peru's Buenaventura , one of the country's largest miners of precious metals, on Wednesday said it added two representatives from Chile's Antofagasta to its board of directors following a partnership that began late last year. (Reporting by Marco Aquino; Writing by Daina Beth Solomon; Editing by Kylie Madry)

Read more
19 Mar 2024 10:44

Antofagasta signs $2.5bn loan deal to build Centinela concentrator

(Sharecast News) - Antofagasta said it had secured a loan deal to finance construction of a $2.5bn second concentrator at its Centinela mine in Chile.

Read more
19 Mar 2024 09:35

Antofagasta secures USD2.5 billion loan facility for Centinela

(Alliance News) - Antofagasta PLC on Tuesday said it had signed a significant financing agreement for the recently announced extension to its Minera Centinela copper project.

Read more
13 Mar 2024 17:05

REPEAT: LONDON MARKET CLOSE: FTSE 100 in green as UK economy rebounds

(Correcting error in article lede.)

Read more
13 Mar 2024 16:54

LONDON MARKET CLOSE: FTSE 100 in green as UK economy rebounds

(Alliance News) - can you change lede to: European stocks closed mostly higher on Wednesday, with the FTSE 100 driven higher by hopes that the UK recession is already over.

Read more
13 Mar 2024 15:00

London close: Stocks mixed as UK economy returns to growth

(Sharecast News) - London markets finished with a mixed performance on Wednesday, following a surge on Tuesday, with investors buoyed by news of the UK economy's return to growth in January.

Read more
6 Mar 2024 09:07

LONDON BROKER RATINGS: JPMorgan raises IAG; Jefferies likes Experian

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
6 Mar 2024 07:45

LONDON BRIEFING: ConvaTec profit doubles; DS smith trades in line

(Alliance News) - Stocks are called to open higher on Wednesday, with focus in the UK on Wednesday's Spring budget.

Read more
27 Feb 2024 16:05

London close: Stocks little changed as investors look to US data

(Sharecast News) - London's equity markets closed with a subdued performance on Tuesday, after a mixed but largely flat session trend as investors exercised caution ahead of US inflation figures later in the week.

Read more
21 Feb 2024 11:17

LONDON BROKER RATINGS: Unilever and Aviva both raised to 'buy'

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

Read more
20 Feb 2024 15:29

London close: Stocks finish lower on fresh China concerns

(Sharecast News) - London's stock markets closed in negative territory on Tuesday, with concerns over China's economic prospects exerting pressure on mining shares.

Read more
20 Feb 2024 08:56

TOP NEWS: Antofagasta says outlook positive after strong 2023

(Alliance News) - Antofagasta PLC on Tuesday said that it is well-positioned for growth in 2024, after reporting a revenue increase for 2023.

Read more
20 Feb 2024 08:01

Antofagasta FY revenues grow as copper prices stabilise

(Sharecast News) - Copper miner Antofagasta said on Tuesday that full-year revenues had grown on the back of a more stable price for the metal throughout 2023.

Read more
19 Feb 2024 08:44

LONDON MARKET OPEN: Stocks drift; Currys surges on takeover interest

(Alliance News) - Stock prices in London were looking for direction early Monday, as investors weighed possible trajectories for US interest rate cuts and a China's economic recovery.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.