Antofagasta PLC and Capital Limited in spotlight on Thursday
Antofagasta PLC and Capital are among the notable names in the diary on Thursday.
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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Dividend delving: which companies are ramping up the pay-outs quickest?
Mining companies dominate the list of blue-chip companies that have ramped up their dividend payments.
Shares in Antofagasta look fair value after May sell off, says Peel Hunt
Peel Hunt upgraded its recommendation from ‘Reduce’ to ‘Hold’
What’s the best way to play the copper market, now that prices have surged to new ten-year highs?
Copper is often said to be the bellwether of the global economy
Antofagasta PLC conditionally keeps copper production guidance for the year
Major maintenance at Los Pelambres originally planned for the second quarter is under review because of the rise in COVID cases in Chile
Antofagasta posts better-than-expected underlying profits in 2020
Overall, the copper market in 2021 is expected to be in deficit before remaining tightly balanced for the following years as several large projects are completed
Antofagasta hits target for 2020 after strong final quarter
Full-year production came out at 733,900 tonnes, down 4.7% on the prior year
Are mining stocks on a new bull run? One influential investment bank thinks so
JP Morgan Cazenove was one of four 'houses' to update its analysis
FTSE 100 falls short of government’s gender diversity target with Antofagasta, Flutter Entertainment at the bottom of the list
Almost a third of companies are yet to meet the 33% target set by the government in 2015
Jefferies forecasts multi-year copper deficits, a surge in prices and plenty of action for Freeport and First Quantum
“Renewable power systems are at least five times more copper-intensive than conventional power,” the analysts note
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Today's Market View - Alba Mineral Resources, Anglo Asian Mining, Antofagasta and more..
AEX Gold Inc (LON:AEXG) – Gold mineralised structure extends to depth at Nalunaq in Greenland Alba Mineral Resources (LON:ALBA) – Progress at Clogau not affected by Covid-19 Anglo Asian Mining* (LON:AAZ) - BUY –Earnings update Antofagasta (
Antofagasta says costs lower than expected, coronavirus restrictions still in place
Major maintenance work led to a 4.6% quarter-on-quarter reduction in copper production in the third quarter
Copper is more than holding its own in a volatile and uncertain world
Copper is considered to be a bellwether for the global economy
Antofagasta downgraded to ‘sell’ by UBS over copper price consolidation
“The stock offers little apart from 'clean' copper price exposure making it vulnerable when the copper price consolidates”
Antofagasta premium price presents a short selling opportunity, according to Deutsche Bank
The German bank has a "constructive" outlook on copper and highlighted that the copper miner's shares have been incredibly strong, but said its premium price is unjustified
Antofagasta digs out more generous dividend than expected
The FTSE 100 miner had made a U-turn back in May and cut its dividend after an increase in the number of coronavirus infections in Chile
Antofagasta reiterates production guidance as mining operations get back on track
A third of the copper miner’s workers were either quarantining or working at home during most of the period
Hardware & electrical equipment
Miners and Stagecoach among key events in Wednesday’s schedule
Other firms scheduled for midweek updates include Melrose, Britvic, PayPoint and Eve Sleep
Antofagasta changes its mind and cuts dividend payments by a total of US$160.7mln
Antofagasta is the London market's go-to copper company
Risk of Asian Contagion on WTI Oil ETF losses
Stress in financial markets is increasingly likely to spark a significant collapse in Asian financial markets and falling Western demand for Chinese and other Asian goods will add further to Asian company woes.
Antofagasta expects only slight dent to copper production despite coronavirus restrictions
The FTSE 100-listed miner expects production for the whole of 2020 to be at the lower end of its original 725,000-755,000 tonnes guidance
The short-term copper price is wavering, but the long-term outlook is more bullish than ever
The near-term copper outlook remains uncertain, but longer-term it's a different story
Coronavirus has thus far had a limited effect on production, says Antofagasta
Antofagasta is one of the world's leading copper producers
Antofagasta production hits record levels, operations not yet affected by coronavirus
Antofagasta is the biggest copper producer listed in London
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FTSE 100 closes up on stimulus efforts; UK chancellor unveils £330bn rescue package
Britain's blue chip index closed up over 143 points, or 2.8%, at 5,294, just before the UK Prime Minister’s daily briefing
Antofagasta, Ferguson and uncertainty on Tuesday's agenda
“Key will be outlook, which we expect to be highly uncertain due to Covid-1,” analysts said, a comment that stands for almost all companies reporting
Coronavirus raises doubts about globalisation in some quarters, and about totalitarianism in others
The globalised nature of the spread and the response to the coronavirus could have a serious impact on trade and political systems
RBC downgrades Antofagasta and Rio Tinto as coronavirus weighs on metal demand
“Mining equities and commodities could remain under pressure in the near term as the market digests the impact of the coronavirus outbreak”
Coronavirus drops lead Deutsche Bank to raise ratings for both Antofagasta and KAZ Minerals
Analysts at the German bank raised Antofagasta to ‘hold’ from ‘sell’ with an increased target price of 850p from 840p
Antofagasta says production to be disrupted by Chile protests but guidance remains in-line
Full-year production is expected to be between 750,000 and 790,000 tonnes of copper as per guidance
Investments and investor services
FTSE 100 closes in red as mining stocks weigh
FTSE 100 closed in the red on Wednesday as miners weighed after a sell-off in iron ore in China
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ITV investors watching for Love Island effect as new boy enters villa
The Conservative Party leadership contest was decided by a relatively convincing margin of 92,153 votes to 46,656, while Love Island commands consolidated viewing figures of more than 5mln
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Antofagasta and Barrick Gold JV wins $5.84bn in damages over Pakistan's Reko Diq dispute
The pair's 50:50 joint venture Tethyan Copper had filed an arbitration claim in 2011 after it was denied a mining lease for one of the largest undeveloped copper and gold deposits in the world
Investments and investor services
FTSE 100 closes in red on day but higher over the week as US jobs rebound in June
The UK's premier share index closed down around 51 points at 7,552 on the day, but over the week as a whole the index added around 1.7%.
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FTSE 100 closes firmly higher; Ashtead Group top dog
Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
Liberum ups blue chip miner Antofagasta to ‘hold’ from ‘sell’, says would not now be short of copper equities
“Copper prices have been weighed down by negative global growth sentiment, driven by the continuing trade war between the US and China and the weakness in global manufacturing purchasing managers indices"
Investments and investor services
FTSE 100 closes higher as trade tensions ease
The UK's index of leading shares finished the first day of the trading week around 46 points higher at 7,378
Investments and investor services
FTSE 100 closes down after latest Trump trade war stunt
The Dow Jones suffered a 300 point fall in the first half hour of trading
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FTSE 100 closes below its opening benchmark as trade war concerns cloud market sentiment
The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
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FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Archive
Barclays set to kick off Q1 reporting season for UK banks
Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
Antofagasta leaves guidance unchanged after quarterly copper production rises as expected
"We are on-track for another record-setting year with full year production expected to increase by up to 9% to 750-790,000 tonnes,” said chief executive Ivan Arriagada.
Copper price strength could lie ahead with upside for juniors, as supply struggles to keep up with demand
The copper price has tracked sideways over the past year, but there are grounds for believing an uptick is in the way
KAZ Minerals higher as UBS ups to ‘buy’ on copper price leverage, thinks Baimskaya acquisition risks discounted
UBS's analysts said they believe KAZ offers an attractive mix of leverage to copper price upside and clear stock-specific catalysts over the next 12-18 month
City broker questions Antofagasta’s strategy at Centinela copper project
Antofagasta has opted to build a second concentrator at Centinela rather than expand the existing one, which, in Peel Hunt’s opinion, “favours earnings and dividend growth over returns on capital”
Investments and investor services
FTSE 100 closes in positive territory as MPs vote down May's deal again
Footsie closed at 7,279, up nearly 45 points on the day
Antofagasta slips as Barclays cuts to ‘underweight’, although Deutsche Bank raises its target price
The global bank’s analysts said: “Strong outperformance (+15% vs. pure-play peers in past year) has left Antofagasta as one of the most expensive base metal pure plays we cover globally”
Antofagasta slips as HSBC downgrades its rating to ‘reduce’ from ‘hold’ following miner’s 2018 full-year results
HSBC's analysts concluded that although Antofagasta’s operational outlook is encouraging, they believe most of the upside is already priced into the stock
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FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
Record production can't hide drop in revenues, earnings and dividends from Antofagasta
Overall, the FTSE 100-listed firm produced 725,300 tonnes of copper last year, however, realised copper prices were on average 6% lower than they were in 2017 and that fed through into lower revenue
Archive
FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
Archive
Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
Archive
Retail results to vie with 'Meaningful' Brexit vote, UK, US rate decisions, and key data
DIY stores owner Kingfisher, clothing retailer Next, plus troubled fashion firm Ted Baker will report full-year results, with trading updates due from internet grocer Ocado and online fashion group ASOS
Investments and investor services
FTSE 100 closes Friday higher and gains on week as investor growth fears ease
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491
Antofagasta will have good 2019 but shares are fairly valued, says RBC as it cuts rating
RBC cut its recommendation to ‘sector perform’ from ‘outperform’ and lowered its target price to 850p from 890p
Redburn cuts ratings for three UK miners on valuation grounds, highlights “serious flaw” in recent sector optimism
The influential City broker cut its stance on blue-chip players Anglo American PLC and BHP PLC both to ‘sell’ from ‘neutral' with 23% and 18% downsides to raised valuations
Investments and investor services
FTSE 100 closes a shade higher as Wall Street chugs upward
The UK's premier share index added nearly 14 points to close at 7,034
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FTSE 100 closes lower on day and week as global growth worries knock sentiment
The UK's premier share index finished almost ten points down. It was also lower on the week as a whole
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Mining updates continue to flow, with investors in Anglo American set for a deep dig
The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting
Antofagasta posts strong rise in 2018 copper production to record levels, forecasts another record year
The Chile-based group said its fourth-quarter copper production rose 16.8% to a record 220,000 tonnes as a result of higher production at all operations, particularly at Centinela
Archive
FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
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Blue-chip heavy into hump day as Burberry and Antofagasta report
Updates will be coming thick and fast from both the FTSE 100 and FTSE 250 on Wednesday
Investments and investor services
FTSE 100 nudges lower at close as China growth worries hit stocks
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Amid the current global uncertainty, how bearish should we be on copper?
Copper could be the world's most useful metal, but it's still suffering from the global economic uncertainty
FTSE 100 closes in the red as Federal Reserve's rate hike creates jitters
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
FTSE 100 clings on to triple-digit gain
The Footsie looked destined to finish well off the top but still sporting a handsome gain following a weekend of deals at the G20 and Opec meetings
FTSE 100 closes lower as G20 summit begins and trade worries continue; housebuilders fall
The premier index of UK shares finished down nearly 59 points at 6,980. Mid-cap cousin FTSE 250 shed over 128 points at 18,480.
FTSE 100 closes lower as political worries and trade fears put investors off
On Wall Street, the Dow Jones Industrial Average is down over 423 points at 25,565, while the S&P 500 is off around 37
FTSE 100 can't hold onto gains and closes in red as Wall Street shares drag
The FTSE 250 fared much better though, adding almost 154 points on the day to close at 19,325
Antofagasta dividend yield lower than peers but balance sheet robust, says UBS
UBS raised its rating on Antofagasta to ‘neutral’ from ‘sell’ and maintained a target price of 800p, saying it believes the risk vs reward has improved
FTSE 100 closes at session peak after strong rebound in tandem with US stocks
At the close, the UK blue chip index was 41.12 points higher at 7,004.10, the session peak, and well above the early low of 6,995.99
Antofagasta reports slump in nine-month copper and gold production
The mining group said it had narrowed its copper production guidance for the full year to 705-725,000 tonnes
Investments and investor services
FTSE 100 keeps nose above water to finish in positive territory
Footsie finished Wednesday nearly eight points higher at 6,962.
Investments and investor services
Barclays treading water as activist investor pressure builds
The third quarter banking results season is upon us and Barclays is set to open the batting, more in the style of Keaton Jennings than Alastair Cook, according to many pundits
FTSE 100 finishes lower as trade worries rear their head again
The UK's premier index of leading shares closed down seven points, or 0.10% at 7,042
Archive
Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
Investments and investor services
FTSE 100 closes firmly in red as Italy causes jitters
In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.
FTSE 100 closes sharply lower as sterling gains and miners weigh
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
FTSE 100 closes in red; Royal Mail delivers share plunge
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
Investments and investor services
FTSE 100 closes near flat as traders sit on hands ahead of Fed
The UK blue-chip index closed nearly four points higher at 7,511
FTSE 100 closes in the red as trade tariffs kick in
The UK blue-chip index lost almost 32 points at 7,458
FTSE 100 closes higher as US stocks surge
The UK's premier index closed up around 36 points at 7,367.
Investments and investor services
FTSE 100 closes higher as trade fears ebb; Kingfisher leads the laggards
The FTSE 100 closed nearly 31 points higher at 7,331, while FTSE 250 added over 42 at 20,500
EasyJet declines following 'sell' rating
A look at some of the biggest risers and fallers in the London market on Tuesday
FTSE 100 closes lower after lacklustre day; trade fears weigh
FTSE 100 closed down nearly two points on the day at 7,302
FTSE 100 finishes lower as BoE keeps rates on hold; sterling gains
The UK benchmark index of leading shares finished down nearly 32 points at 7,281
Copper price well supported by economic fundamentals and changing technologies, says Arden Partners
Despite some tariff-related headwinds, copper looks set to be the standout metal in the coming few years
FTSE 100 ends in positive territory as Barnier now sees potential Brexit deal in weeks
The UK's index of leading shares added 1.6 points, or 0.02% , to finish at 7,279, while sterling was up 0.80% against the US dollar
Investments and investor services
FTSE 100 closes lower again as traders flee from risk
The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74
Investments and investor services
Bovis Homes and Dixons Carphone to take spotlight on busy Thursday
It promises to be a busy Thursday morning with several closely followed firms reporting, meanwhile, around 9 points will come off the index with blue-chip miners such as BHP Billiton, Antofagasta, and Glencore going ex-dividend.
Archive
Housebuilders to be in focus as Autumn kicks off with a welter of sector updates
Aside from the housebuilders, the week head will also see updates from advertising giant WPP, electricals retailer Dixons Carphone, and transport operator Go-Ahead Group
Antofagasta shares jump as RBC upgrades the stock to 'outperform'
RBC raised its rating on Antofagasta to ‘outperform’ from ‘sector perform’ but cut its target price to 950p from 980p after poor first-half results
FTSE 100 closes higher but only just as trade tensions continue
The Footsie closed the day in positive territory, just, but was down on the week as a whole
Archive
FTSE 100 closes firmly higher as investors fret less on China/US relations
The UK blue-chip benchmark closed up over 58 points at 7,556, while its mid-cap cousin FTSE 250 added almost 142 points
Antofagasta cautions on short-term copper outlook due to trade tensions as first-half earnings drop
The FTSE 100-listed miner saw its underlying earnings (EBITDA) fall by 16.2% to US$904.2mln for the first six months of 2018, down from US$1.079bn a year earlier
FTSE 100 closes in the red as miners weigh and wage growth disappoints
The blue-chip index of leading shares closed down almost 31 points at 7,611