Sell, sell, sell and hold. Haitong takes downbeat view on mining majors
Rio Tinto's recently announced share buyback is a retrograde step
Company
Antofagasta PLC
LON:ANTO
Antofagasta is a Chilean-based copper mining group with interests in transport and water distribution. It is listed on the London Stock Exchange and has been a constituent of the FTSE-100 index since 2004.The Group creates value for its shareholders through the discovery, development and operation of copper mining operations. It is committed to sustainable development, embedding safety and sustainability throughout its operations. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters.
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FTSE 100 ends up, miners buoyed by China, UK companies buy US firms
FTSE 100 shares closed higher on Friday, led by miners buoyed by strong trade data from China while several UK companies were snapping up US stocks in a role reversal from that seen in the days after the June Brexit poll when UK companies w
Evrim Resources Corp inks exclusive deal for Ball Creek with giant Antofagasta
Paddy Nichol told investors: "Ball Creek is a large land package in the Golden Triangle that carries significant district scale exploration potential...
BHP Billiton reports strong quarter for iron ore production, but copper output falls
The FTSE 100-listed mining giant saw a 9% year-on-year rise in iron ore output in Western Australia to 70 million tonnes for the quarter to December 31.
FTSE 100 closes up but unfettered by Brexit plans or Dow’s 20K ascent
In New York, the US blue chip index was up over 150 points to 20,064, the first time it has exceeded the psychologically significant 20,000 level in intraday trading.
Investments and investor services
FTSE 100 stocks end flat as BT counterweighs a miners’ rally
FTSE 100 stocks closed flat on Tuesday, with miners’ gaining, but telecoms group BT topped the losers after the business endured a £8bn hit. Tickers ended remarkably resilient in the wake of the UK Supreme Court’s decision that the HM Gover
FTSE 100 shares sink as pound ascends on Trump disquiet
FTSE 100 stocks fell further below 7200 on Monday after sterling gained strength against the US dollar in the aftermath of President Donald Trump's inauguration speech
Archive
Of BT's battles with Ofcom & Sky, and Unilever's face-off with supermarkets
Lots of big names reporting this week including: BHP, Dixons Carphone, easyJet, Diageo, Sky, Unilever and BT
FTSE 100 hits fresh record high as sterling sags
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
FTSE 100 and small-cap stocks chalk record highs
FTSE 100 and small-cap stocks ended at fresh record highs on Tuesday, the first session of 2017, after being buoyed by higher Wall Street on bullish US factory data, 18-month high oil prices and even bumper Chinese data
FTSE edges higher, small caps help London record 40% gainers, miners sink
FTSE 100 stocks ended higher on Thursday after pulling away from flat positions at midsession while small-caps helped 40% of London’s stocks to gain – one of their best performances this year - but falling prices for copper, zinc and nickel
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FTSE stocks led higher towards 7000 by banks, but miners reel from Fed rate hike
FTSE 100 stocks closed higher on Thursday, just shy of the 7000 mark, but the theme of the session was all about weaker sterling in the wake of the US interest rate hike overnight
Investments and investor services
FTSE 100 shares extend gains as Wall Street rallies
FTSE 100 shares extended gains in the second half of Tuesday to close comfortably up in tendem with record-breaking gains on Wall Street
Brokers take a shine to Rio Tinto. Here's why..
There’s been a rash of broker changes in the mining sector, which in morning trade dragged the FTSE 100 higher
Investments and investor services
FTSE 100 shares close firm with oil while Italy is side-stepped
FTSE 100 shares closed firm on Monday, having brushed off the turmoil in Italy following a “no” vote in the euro zone country’s referendum which led premier Matteo Renzo to tender his resignation, as oil prices continued to extend gains
FTSE 100 shares dragged lower by miners and oil stocks
FTSE 100 shares ended down on Tuesday, led by miners and oil companies
Major strategic shifts lie behind the upward surge in copper
High-level macroeconomic trends underpin the recent upward move in copper
FTSE shares end flat despite resources stocks early lift
FTSE 100 stocks closed flat on Monday despite an early sprint by mining and energy stocks. Meanwhile, fund manager Henderson Group had sobering news for investors seeking dividend income
FTSE 100 shares brought down by gold miners as dollar gain hits commodities
FTSE 100 shares sank on Friday as gold miners were out of love in the midst of the rising dollar which hit yellow metal prices
Archive
Brokers: 25% upside as well as big yield at Imperial Brands
A round-up of some of today's broker commentary
Is the Trump effect being overplayed for mining stocks?
JP Morgan Cazenove believes investors are probably over-estimating the potential impact of a Trump presidency on the sector
Archive
Brokers: Hargreaves Lansdown's new cash platform prompts upgrade
Hargreaves Lansdown, Antofagasta, Atlantis Resources are all under the broker microscope today
Copper fun over reckons HSBC as it downgrades miners
After its 19% spike over the past month, HSBC expects the copper price to be range bound for next 2-3 years
Investments and investor services
UK stocks end higher but wary of US rate hike
UK stocks ended higher on Tuesday but off their day’s best as speculation mounted over a December US rate hike
Risers and fallers: Service Power shares rise on takeover talk
Some of the main news-driven share price changes at 3.45pm
FTSE shares close lower with US markets on profit-taking
FTSE 100 shares closed lower after a rally flirted with the 7,000 level but petered out as investors eyed a drop by Wall Street tickers following on-going digestion of what a Donald Trump presidency means for corporates - and opted to book
FTSE 100 shares close higher after Trump victory speech
FTSE 100 shares closed higher on Wednesday in a snap back from initial losses on news of Donald Trump's US presidential election victory
Whitbread a big FTSE 100 faller after analyst downgrades
Genel shed 11% as it told investors production in Kurdistan would be at the low end of guidance.
FTSE 100 stocks give up 7,000 level as miners come off on copper warning
FTSE 100 stocks gave up the 7,000 level on Wednesday as mining stocks dragged the market lower
Lloyds and a 'hard' Brexit in focus
Investors will be looking for any comment on a potential 'hard' Brexit in the Lloyds statement
Lloyds Banking and RBS to give post-Brexit vote updates
Britain's banks had enough on their plates already, but the Brexit vote made things more complicated still
FTSE 100 shares close above 7,000 after Tesco’s victory march
FTSE 100 shares closed back above 7,000 level on Friday after Tesco’s (LON:TSCO) trolley was ahead throughout the session.
Haitong sees little eastern promise in mining
Broker believes miners are facing commodity price falls in the fourth quarter
London shares end lower but 90 points up in August
London shares ended Wednesday lower but finished the month around 90 points higher
UK stocks weighed down by miners
Top UK stocks fell into negative territory late on Tuesday, weighed down by depressed mining stocks after copper prices hit a 10-week low
Investments and investor services
Miners weigh on Footsie but small caps advance
The Footsie was 3.4 points ahead at 6841.46 as precious metals lost their shine
UK stocks gains after Fed’s Yellen comments, miners dominate after zinc price gains
London stocks closed higher on Friday, feeding off the initial optimism of Wall Street investors over comments from the US central bank’s chief Janet Yellen, while 15-month highs for zinc prices made miners dominate the skyline
FTSE 100 inches higher as investors wait on Yellen
FTSE 100 added 8 to 6,825 and the FTSE AIM 0.4% to 792.5
UK shares end lower, led by miners on US Fed rate fears, weaker oil prices
London stocks ended lower on Monday, as miners reflected the unease over what policymakers might say to urge a US rate hike later this week and oil stocks came off with a weaker Brent crude price
Archive
Brokers: Antofagasta and KAZ get upgraded
Brokers were obviously impressed with yesterday’s rally in the mining sector as both Credit Suisse and Jefferies upgraded
London’s mining stocks and bullish retail sales give FTSE a firm finish
London stocks were dominated by gains from miners for a second time in a week while forecast-beating UK retail sales data put Brexit fears in the shade to give blue-chip stocks a firm close on Thursday
Miners pull FTSE 100 higher, but Abramovich is hit for £48mln
The Chelsea Football club owner could afford a new striker with that kind of cash, although it was better news for most mining firms
FTSE 100 marks time despite strong retail sales
Ex-div stocks are weighing on the Footsie, which was barely in positive territory
Archive
Brokers: Agreed bid for William Hill is a rank outsider
William Hill is "in play" but probably out of the price range of its current suitors. Also covered: Antofagasta, BHP, Cairn, Shanta Gold
Archive
London shares fall after Admiral hit by Brexit
London shares ended lower on Wednesday after insurer Admiral felt the negative impact of Brexit vote
London stocks fall as oil prices hit six-week highs
London blue-chip stocks closed at their session nadir on Tuesday and their lowest since Thursday as a miners’ rally failed to buttress the main line ticker as oil prices hit six-week highs in Europe
FTSE 100 marks time despite buoyant mining sector
Blue-chips are becalmed after opening lower, though mining stocks continue to provide some cheer
BHP and Anto's contrasting fortunes highlight mining's insecurities
It was a a good day for mining results with a market well able to absorb bad news.
FTSE 100 drifts lower despite demand for miners
The top seven Footsie performers are all miners, with Antofagasta topping the list after its half-year update
Week Ahead: Brexit the looming issue as Bovis and Kingfisher report
The dust is starting to settle after the EU referendum vote, which should mean companies can have a bit more confidence in forecasting the impact
London stocks mark fresh 14-month highs, buoyed by Wall St gains
London’s blue-chip and mid-cap indices marked a fresh 14-month high on Friday, fuelled by historic gains overnight by Wall Street
FTSE 100 rises on Friday but still some way off record pace
The blue chip benchmark opened on the back foot this morning.
Archive
London shares fumble way to gains as oil prices, bank stocks rise
London shares seesawed and ended firmer on Monday thanks to gains by oil prices. The FTSE 100 index closed up 0.2% at 6,809, and was led higher by banks
Investments and investor services
FTSE 100 Index climbs on takeover news
Footsie rises 23 points as stocks get boost from SoftBank bid for ARM
Archive
Big miners beating 'Brexit Blues', says Deutsche
Analyst Anna Mulholland said that free cash flow yields for the sector now average 14% and 16% this year and next respectively and among the broker's top picks - Rio Tinto (LON:RIO), Acacia (LON:ACAA) and Vedanta (LON:VED) are yielding abov
FTSE100 pips higher as Remain-Brexit support is on a knife edge
The FTSE 100 index closed firmer on Tuesday, after a choppy session, as the latest opinion polls showed Remain-Brexit support on a knife-edge ahead of Thursday’s referendum
Investments and investor services
Randgold among FTSE 100 fallers as gold drops ahead of EU vote
The polls are tight and much can still happen before Thursday’s EU vote, in the meantime equities are expected to show some volatility.
London shares gain as Fed seen leaving rates on hold
London’s FTSE100 index closed higher on Wednesday, just shy of the 6,000 mark, as markets priced in a no-change to US interest rates later in the day
Investments and investor services
Urals Energy powers up while FTSE 100 maintains gains
The Footsie gained 56 points to 5979 while small-cap indices were also in positive territory
FTSE100 closes lower as China, Brexit weigh
UK shares finished lower as big cap miners fell down a hole, US stocks started weaker and there were further concerns about a slow down in China
FTSE100 loses ground; Cloudtag bolsters small caps
It came as premier index FTSE100 was losing ground as China inflation data disappointed.
Investments and investor services
FTSE 100 Index rises as Westminster Group soars on deal news
Miners kept the FTSE 100 Index in positive territory on Thursday
FTSE 100 Index rises as oil prices hit US$50 a barrel
The Footsie advanced 12.23 points to 6275 in early London trading
Premier Oil in favour with Liberum after ‘strong’ production update
Premier Oil, Hunting, Antofagasta, Daily Mail & General Trust, and Drax are in the broker spotlight on Monday.
Will junior miners shortly be revisiting the Supercycle story?
The China story is now a permanent fixture in the small company landscape
Antofagasta PLC sees copper prices showing signs of stabilising
The copper market may be beginning to stabilise, suggested Iván Arriagada, the chief executive of mining titan Antofagasta today...
Archive
BHP Billiton and Tullow see targets raised by RBC
BHP Billiton, Tullow Oil, Ted Baker, Antofagasta, and Wood Group are in the broker spotlight on Monday.
Central Asia Metals weathers low copper price to reward shareholders
Central Asia Metals has maintained its dividend in a tough copper price environment
Ascent Resources Plc soars amid possible takeover, Small Caps broadly edge up
Ascent Resources topped the small cap leader boards amid confirmation of a possible merger with Ukraine focussed Cadogan Petroleum.
Xcite Energy Limited seen 200% higher by Liberum Capital
AIM quoted North Sea firm Xcite Energy is in the broker spotlight on Wednesday, as was Mothercare, Sky Plc, meanwhile Deutsche Bank dimmed its view of the big-cap miners.
Advanced Medical Solutions Group PLC gets shot in arm from Numis Securities
Broker upgraded wound care specialist to 'add' from 'hold'
Most followed: Antofagasta PLC, Sirius Minerals, Totally PLC, J Sainsbury, Volkswagen
The LSE/Deutsche Boerse merger reared its head once again as the deadline approaches.
Antofagasta PLC suspends final dividend after tough year
Copper miner Antofagasta PLC shareholders were the latest victims of the weak commodity market as the Chilean copper miner axes its final dividend.
Tuesday's agenda: Kalibrate Technologies PLC's timing is good
There is a good chance Kalibrate's petrol station forecourt software will be put through its paces on Wednesday evening after the chancellor of the exchequer's budget speech.
GW Pharmaceuticals Plc lights up AIM 100 on epilepsy success
Standing at 3,364 the FTSE AIM 100 closed sharply higher, up 86 points or 2.65%.
Week Ahead: Brexit dilemma for Osborne
Chancellor of the Exchequer George Osborne gives his budget speech on Wednesday
Ithaca Energy rally has gone far enough, broker says
Ithaca Energy is said to be among the oil stocks most levered to any crude recovery, but Barclays Capital downgraded the oil field developer which has doubled in value recently.
AIM mining stocks lead Tuesday’s risers, but AIM 100 edges lower
Don’t tell Goldman Sachs, but, mining stocks were the top performers in the small cap market so far today.
FTSE 100 on course to set new high for 2016
Metals prices are on the up taking mining stocks with them
FTSE 100's advance driven by miners
Miners were doing much of the heavy listing in early trading
Archive
FTSE 100's late rally wipes out most of day's losses
It was almost back to square one for the Footsie, with miners leading the rally
Downbeat UK construction data weighs on Footsie
The Footsie gave up early gains to stand 18 points off at 6134 in lunchtime trading
Investments and investor services
London shares rise ahead of Footsie reshuffle
The Footsie rose as Asian markets ignored a report from credit rating Moody's downgrading China's outlook
Archive
Burberry now fashionable in broker’s eyes
Burberry, Cineworld, Goals Soccer, Restaurant Group, Premier Oil, Anglo America, Antofagasta, Griffin Mining and EnQuest are all in Friday's broker spotlight.
Risers & Fallers: Next, Tern and Reckitt Benckiser...
Those of you who dumped shares of cyber-security group Sophos ahead of today's trading update: good call!
Investec questions Antofagasta’s direction
Antofagasta, Coca-Cola HBC, RSA Insurance Group and Paragon are in Thursday's broker spotlight.
Investments and investor services
Risers & Fallers: Crossrider, Gulf Keystone, Nighthawk, Mosman, Plutus PowerGen, Strategic Minerals
Gulf Keystone is owed a pile of money by the Kurdistan Regional Government and soon it might start receiving some of it.
Investments and investor services
FTSE 100 ends week on a high note
Just three blue-chips were in the red and all of those were miners