South32 Share News (S32)

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Upgrades for Admiral and Legal & General

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

TOP NEWS: Extreme weather, supply chain logjams hurt output at South32

(Alliance News) - South32 Ltd on Monday reported lower annual production at most of its operations as extreme weather, supply chain disruptions and the Covid-19 pandemic weighed.

Anglo Pacific agrees to buy royalties from South32 for USD185 million

(Alliance News) - Anglo Pacific Group PLC announced on Tuesday it had agreed to acquire a package of four base metals royalties from South32 Ltd for USD185 million, with further contingent consideration of up to USD15 million.

LONDON BRIEFING: Sunak to promise to cut UK taxes once inflation tamed

(Alliance News) - Rishi Sunak is set on Tuesday to launch his bid to become UK prime minister with a pledge to cut taxes – but only once inflation has been brought back under control.

LONDON BROKER RATINGS: HSBC cuts pub stocks; Goldman downgrades M&S

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

LONDON BROKER RATINGS: Bank of America cuts British Land and LandSec

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

LONDON BROKER RATINGS: Jefferies says buy Anglo, Rio and South32

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

LONDON BRIEFING: Preferred bidder decides against embracing Ted Baker

(Alliance News) - Ted Baker on Tuesday said it was informed by its preferred bidder late Monday that it does not intend to proceed with an offer for the fashion retailer.

Sector movers: Miners gain on news of easing in China lockdowns, talk of trade tariff reductions

(Sharecast News) - Shares in Industrial Metals & Mining names were among the best performers on the FTSE 350 at the start of June as UK investors reacted to news that Chinese authorities were easing Covid-19 restrictions.

South32 raises interest in Mozal Aluminium to 64% for USD200 million

(Alliance News) - South32 Ltd on Tuesday said it has picked up an additional 17% interest in Mozambique-based aluminium smelter Mozal Aluminium from MCA Metals Holding GmbH, a subsidiary of Mitsubishi Corp for USD200 million in cash.

LONDON BROKER RATINGS: Bank of America cuts Melrose, raises Spectris

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

LONDON BROKER RATINGS: Barclays cuts Rio Tinto; Jefferies likes CVS

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

TOP NEWS: South32 sticks to annual output guidance; costs revised up

(Alliance News) - South32 Ltd reported on Tuesday it had kept its full-year production guidance unchanged, but revised operating costs at some of its mines.

IN BRIEF: South32 closes USD700 million senior note offering

South32 Ltd - Perth-based mining company - Closes its offering of USD700 million senior unsecured notes due 2032 by its wholly-owned subsidiary South32 Treasury Ltd. Proceeds will be used to repay full amounts dawn down under its acquisition bridge facility to partially fund the acquisition of a 45% interest in Sierra Gorda.