Anglo American Shares News & Articles

Market report: Fast fashion retailers in the spotlight as resources drag on FTSE 100

On the day that the top job is advertised at the Bank of England it is figures from fast fashion businesses Boohoo (BOO:AIM) and Primark, and its owner Associated British Foods (ABF) that are likely to grab investor attention. Primark-owner AB Foods has reported half year revenue of £7.5bn and adjusted operating profit of £639m, largely flat year-on-year but it is the low cost fashion arm ...

Market report: trade talks progress, IWG strikes Japan deal and Rio Tinto plans extra investment

Increasing hopes that the US and China will finally put their long-running trade dispute behind them gives investors a welcome lift as we begin a new trading week, but the ongoing lack of corporate news continues to act as a brake on hubris in the UK. In early deals the FTSE 100 remains largely directionless, drifting six points lower to 7,431.01, although FTSE 250 mid-caps are doing better, up ...

Market report: Kingfisher’s wings clipped as CEO shown the door, TI Fluid Systems accelerates on profits surge

London’s FTSE 100 cheapens 3.6 points to 7,320.4 early on, ahead of the US Federal Reserve’s latest policy decision and amid chatter that top US trade officials will head to China next week for new trade talks. Home improvement giant Kingfisher (KGF) cheapens 1.3% to 242.1p on the news chief executive officer (CEO) Véronique Laury is downing tools having struggled to turn around the DIY ...

Market report: Reckitt beats forecasts, McColl's looks to move on from dreadful year

The FTSE 100 starts the week on the back foot although it is still holding on to a position north of 7,200, down 0.37% at 7,210.16 in early trading. An uptick in the pound contributing to the weaker open. Consumer goods giant Reckitt Benckiser (RB.) reports a 65% drop in annual profit owing to one-off gains and expenses but underlying earnings are up as the company hit the top end of its sales ...

Market report: Miners take the lead while LSE splashes out and retailers revel in pricing news

UK stocks are on the front foot this morning with the FTSE 100 index up 1.3% to 6,833 points led by mining stocks ahead of the resumption of US-China trade talks. Evraz (EVR) adds 1.6% to 487p, Glencore (GLEN) adds 1.9% to 303p, Anglo American (AAL) adds 2.3% to £18.93 and Rio Tinto (RIO) is out front up 3% to £41.98. Company news is thin on the ground with London Stock Exchange (LSE) the ...

Market report: Investors get the ‘fever’ again as Fevertree storms back in otherwise muted market

London shares open on a subdued note in early trade on Thursday as investors await the latest EU-wide interest rate decision from the European Central Bank at midday. While little is anticipated to have changed in terms of guidance market watchers are hopeful that the language used will be of an increasingly optimistic hue, with economic risk moving a little more to the downside. But this ...

Market report: Santa rally fails to appear as investors put optimism on hold for Christmas, Playtech hit by new gaming taxes

UK markets continue their losing run in a predictably quiet final trading session before the holiday. The FTSE 100 index loses around 40 points in a truncated Christmas Eve session that will close for the Christmas break at 1pm when the London Stock Exchange shuts down. That leaves the blue-chip index at 6,681.07 as investors struggle to shake-off a multitude of concerns for the weeks and ...

Market report: More detail on Interserve debt-for-equity swap, RPC again extends buyout deadline

Public sector services supplier Interserve (IRV) has reminded investors to the scale of its debt-for-equity deleveraging plans, with shareholders facing huge losses in the immediate future. The embattled company puts out an update on Friday on its programme to dig itself out of a deep debt hole, but warns of the stark repercussions. ‘It is anticipated that the issue of new equity will result ...

Market report: Price comparison sites hit by Amazon reports, Kingfisher and Rank fail to impress

Price comparison websites could be the latest industry ripe for disruption as reports suggest that Amazon is mulling a move into the space. According to reports, the US online sales giant has been talking to some of Europe’s top insurance firms to see if they would contribute products to an Amazon UK price comparison website. This would be Amazon’s first major move into financial services ...

Market report: Investors toast Fevertree figures, Superdry founder flogs stock and Drax hurt by downtime

Fancy mixer drinks supplier Fevertree Drinks (FEVR:AIM) storms more than 10% higher in early trade on Tuesday after indicating it will beat full year forecasts. Shares in the AIM favourite fizz 355p up to £38.10 on word that full year results will be ‘comfortably ahead’ of expectations, as the premium drinks maker reported a 35% jump in first half core earnings on the back of strong sales ...
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