BHP profits from operations leap to $9.8bn February 16, 2021 The world’s largest miner reported its best first-half profit in seven years on Tuesday. BHP Group was buoyed by China’s strong appetite for iron ore to support infrastructure. China’s reliance on commodity-intensive measures to sustain economic growth has sent prices of raw materials to multi-year highs. The Covid-19 vaccination push has also brightened outlook for [...]
FTSE 100 today: London markets set to extend positive streak; trends hinge on US inflation data May 15, 2024 Asian stocks mirrored Wall Street's rally. Sony surged on buyback news. Eyes on US CPI data and Burberry earnings.
Anglo American considers listing De Beers in London as part of strategy to ‘unlock significant value’ May 14, 2024 Anglo American's plan would see the company spin off its South African arms as well as De Beers, the famed diamond business
FTSE 100 today: London markets set to surge, riding global rally fuelled by US inflation relief May 16, 2024 Asian stocks echoed Wall Street's optimism on Fed rate cuts. Oil and gold surged, eyes on US Philly Fed Index, BT Group, Walmart earnings.
Class action boom in UK is yet another disincentive to investing here October 24, 2024 As the country holds its collective breath ahead of next week’s Budget, it’s fair to say that business confidence in the UK is lower than the Treasury might like. Last week, the Institute of Chartered Accountants in England and Wales (ICAEW) reported that business confidence had fallen to a 12-month low, while the Institute of [...]
UK Court of Appeal denies £5bn BHP lawsuit over Brazil mining dam disaster March 24, 2021 The UK Court of Appeal has denied permission for a 200,000 person Brazilian claimant group to revive a £5bn lawsuit against BHP over Brazil’s worst environmental disaster. The Anglo-Australian mining giant was responsible for the collapse of the Fundao mining dam in 2015, which led to 19 deaths and a flood of toxic mining waste [...]
Rio Tinto faces shareholder revolt over chief exec’s 70 per cent pay hike April 2, 2023 Rio Tinto is reportedly set to face down a shareholder revolt at the mining giant’s annual general meeting this Thursday after the firm raised it’s chief executive’s pay by 70 per cent. Danish chief executive, Jakob Stausholm, took home £4.8 million in 2022, up from £2.8 million in 2021. According to a report in the Mail [...]
The week that was: hot property and an optimist’s guide to UK equities May 4, 2024 We wrap up another busy week in the Square Mile
Rio Tinto chief rejects calls to drop London Stock Exchange listing to focus on Australia July 31, 2024 The world's second biggest miner holds a dual-listing on the London and Sydney Stock Exchanges, but has faced calls from investors to prioritise Australia.
London-listed mining group plots copper spree after £223m Turkey deal July 18, 2024 London listed mining group ACG is gearing up for a global deals spree after snapping up a Turkish copper mine for $290m (£223m) today.