Glencore, Anglo American and Antofagasta share price: FTSE miners continue rally as copper prices pop March 4, 2016 London-listed miners continued to rally today, as copper prices surged towards the biggest weekly gain in four months as investors returned to riskier assets. Bright economic data out of the US, coupled with rising oil and commodity prices have encouraged investors. It was reinforced by hopes for further monetary stimulus from China. On the London Metal [...]
Glencore share price falls as copper production slides, ramps up debt-reduction February 11, 2016 Shares in Glencore fell today after the commodities miner and trader reported a drop in production of its most lucrative product, copper, as it pressed ahead with plans to whittle down its debt by selling $500m (£347m) of precious metals output. Shares in the Swiss-based company fell as much as 6.67 per cent to 87.26p per [...]
London set for biggest IPO in six years as warehouse giant plots 2017 float January 12, 2017 London is set for its biggest float in more than half a decade, City A.M. can reveal. Private equity giant Blackstone is aiming to list warehouse business Logicor, which is valued at around €13bn (£11bn), on the London Stock Exchange in 2017. Sources told City A.M. the initial public offering (IPO) could come in the first [...]
These are the 15 companies more powerful than most countries: Walmart, ExxonMobil, Royal Dutch Shell, Apple and Glencore top the list by Foreign Policy March 21, 2016 We live in a world of multinational corporations – effectively "stateless" companies that select where they are domiciled based on tax laws, red tape and ease of carrying out business. Some of the biggest companies in the world now employ more people than entire populations of countries – others have higher revenues than major world [...]
Antofagasta, Anglo American, Glencore share price: UK FTSE miners’ rally comes to abrupt end February 9, 2016 While mining stocks have sizzled recently, their rally came to an abrupt end today, in the wake of disappointing corporate news regarding two of the biggest firms. Antofagasta tumbled to the bottom of the FTSE 100, shedding as much as 10.2 per cent to 407.2p per share, after Goldman Sachs cut its rating on the stock to "sell". Meanwhile, [...]
Liam Fox has led the UK’s second meeting with Qatar in a week as he seeks to build ties with Gulf states September 19, 2016 Liam Fox has led the government's second engagement with Qatar's rulers in less than a week as Downing Street has vowed to comply fully with rules blocking the UK from trade talks while it remains an EU member. Qatari Emir Shiekh Tamim bin Hamad Al Thani visited Downing Street to meet Theresa May last week, [...]
FTSE 100 miners Fresnillo, Randgold Resources and Polymetal fall as gold prices slump to 10-month low December 15, 2016 Shares in FTSE 100 gold miners were battered this morning as prices of the yellow stuff fell to a 10-month low. A dollar rally pushed spot gold prices down 1.23 per cent to $1,128.85 an ounce this morning, after the US Federal Reserve yesterday raised US interest rates from 0.5 to 0.75 per cent and [...]
Mining stocks have finally recovered in step with commodity prices but can the rally continue? December 12, 2016 AS THE political earthquakes of the past few months exact a heavy toll on currencies including sterling, commodities have been a beneficiary. Iron ore prices, for example, have doubled from their January 2016 lows while other base metal prices like zinc have also climbed, up nearly 70 per cent in the year to date. The [...]
Copper prices are eyeing up their biggest weekly rally in 35 years following Donald Trump’s pledge to boost infrastructure spending November 11, 2016 Copper prices are eyeing their biggest weekly rally in 35 years today following US president-elect Donald Trump's commitment earlier this week to boost infrastructure spending. Three-month copper on the London Metal Exchange was trading up 3.5 per cent to $5,601 per tonne, a level it hasn't reached since mid-2015, and up more than $700 since [...]