London markets jump on industrials rally January 12, 2022 London markets jumped today driven higher by a strong rally among industrial stocks. The capital’s premier FTSE 100 index closed 0.81 per cent higher at 7,551.72 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, squeezed out 0.08 per cent of gains to reach 23,047.16 points. [...]
Anglo American sells stake in Colombian coal mine for $300m June 28, 2021 Anglo American has offloaded its stake in a Colombian mine as the mining giant finalises its shift away from thermal coal. The London-listed company today said it has sold its 33.3 per cent interest in the Cerrejon joint venture to rival Glencore for $294m (£211m). “Today’s agreement marks the last stage of our transition from [...]
The fight for B Corp’s soul August 6, 2024 Last month, the French media giant Havas was stripped of its B Corp certifications after signing a global media buying contract with Shell. Ali Lyon explores what the decision means for the industry
Higher iron ore prices boost BHP, but profit still misses expectations February 18, 2020 BHP has reported stronger half-year profit on the back of robust iron ore prices but warned of the threat of the coronavirus outbreak for 2020. The mining giant’s underlying profit jumped 39 per cent to $5.2bn (£3.9bn) for the six months to the end of December, its best profit figure in five years. However, profit [...]
Post-COP26 beating: All eyes on mining firms today after investors dump stocks on merciless Monday November 16, 2021 Investors yesterday dumped mining stocks as the future of coal looks bleak during the first day of trading on the London Stock Exchange since the COP26 agreement was signed over the weekend. Several big names saw falls, including Evraz down 16.8p at 603.2p; BHP down 37.4p at 1923.4p; Antofagasta down 28p at 1,460p and Anglo [...]
BHP becomes largest shareholder in Ecuador-focused Solgold November 25, 2019 BHP will become the largest shareholder in Ecuador-focused mining company Solgold, with approximately 14.7 per cent of the firm’s share capital. The Anglo-Australian company will raise its stake from 11 per cent by purchasing 77m new shares for $21.9m (£17.1m) for 22.2p. Read more: Anglo Australian miner BHP appoints new global chief executive Shares in [...]
Billiton knocks FTSE 100 October 6, 2021 Mining company BHP Billiton, along with other oil stocks, helped drag the FTSE 100 down 1.4 per cent after it revealed that damage by Hurricane Rita would lead to lower oil production than previously forecast. The company said it would produce 10m fewer barrels of oil this year than it had previously stated. The company [...]
Prudential turns gaze to Asia in fresh £2bn share sale September 19, 2021 Insurer Prudential is planning to offer fresh shares on the Hong Kong stock exchange to raise £2bn as it continues to shift its focus away from the UK. The proceeds will be used to pay off debt and capitalise on investment opportunities in Asia and Africa, the 173-year old insurer said. Prudential will offer nearly [...]
BHP shareholders vote against leaving industry groups November 7, 2019 Shareholders at Anglo-Australian mining giant BHP have voted against a motion calling for the company to give up its membership in industry bodies which support policies which run counter to the Paris climate change treaty. A tally of the votes taken at the group’s annual general meeting (AGM) in Sydney showed that 72.9 per cent [...]
The West faces copper crisis as China dominates key markets November 7, 2022 The West has fallen behind rivals such as China in the race to secure copper supplies, warns a leading expert.