Deal to create $50 billion mining giant Big bet on copper Estimated $800 million cost savings Global miner Anglo American (AAL) leapt more than 9% to top of the FTSE leaderboard after announcing a merger of equals with Canadian copper miner Teck Resources (TECK.B:TSE), in one of the biggest mining deals in a decade. If initial gains hold, they will take the 12-month advance in Anglo American...

Record copper, iron ore production Profit fell 26% on weaker prices Dividend payout ratio increased Mining giant BHP (BHP) jumped 1.6% in early trading despite reporting its lowest annual profit in five years after revealing a higher-than-expected dividend and upbeat outlook. The gain takes the shares into positive territory for the year to date and gave other mining shares a boost, with...

Stock prices opened higher in Europe on Monday, with all eyes on the Jackson Hole symposium, while US President Donald Trump is set to meet Ukraine's President Volodymyr Zelensky and other European leaders in the US capital. Pepperstone's Michael Brown said that on Friday, 'we seemed to spend all day waiting for news from the Trump-Putin meeting, which turned out to be rather a damp...

The FTSE 100 pulled back from a fresh intraday record on Friday as caution ahead of US-Russia peace talks, fresh tariff warnings from Washington, and weaker US consumer sentiment weighed on markets. The FTSE 100 index closed down 38.34 points, 0.4%, at 9,138.90. It had earlier reached an all-time intra-day high of 9,222.07. The FTSE 250 ended down 43.43 points, 0.2%, at 21,758.24, and the AIM...

London stocks held firm at midday on Friday as attention turned to Alaska, where an evening meeting between US and Russian leaders could influence geopolitical tensions and set the tone for global markets next week. 'It is not often that the market's attention is centred on Alaska but the US state will be firmly in focus on Friday as President Donald Trump and Russian leader Vladimir Putin...

Production growth inflection point reached $1 billion of savings identified New York listing plan shelved Commodity trader and mining outfit Glencore's (GLEN) first half losses widened as the FTSE 100 giant grappled with rising costs, weaker coal prices and lower copper production as well as the uncertainty unleashed by President Trump's tariffs. Shares in the Switzerland-based firm fell 4% to...

London's blue chip index was higher midday Monday, but tariff concerns unnerved European shares, after the weekend announcement from Donald Trump. The FTSE 100 index rose 35.71 points, 0.4%, to 8,976.83. The index spiked as high as 8,979.31 points on Monday, not far off its record high of 8,984.14. The FTSE 250 was up 59.65 points, 0.3%, at 21,672.90, and the AIM All-Share was up 2.98 points,...

In what could be one of the biggest listings of the year, Cobalt Holdings ? a company set up to buy and hold cobalt, as its name suggests ? said it intended to float in London next month through a $230 million issue of new equity partly underwritten by mining giant Glencore (GLEN). The company, which will seek admission to the commercial companies segment of the official list, claims it will...

Stock prices in Europe were in the doldrums on Wednesday afternoon, as investors await the next US Federal Reserve decision. The FTSE 100 index traded down 25.85 points, 0.3%, at 8,571.57. It came into Wednesday on a 16-day winning streak, which is under threat of being snapped. The FTSE 250 lost 31.01 points, 0.2%, at 20,321.48, and the AIM All-Share is up 2.21 points, 0.3% at 712.55. The...

European banking and mining stocks bore the brunt of the selloff in morning trading on Friday (4 April) as China announced 34% retaliatory tariffs on US imports, sparking fears of a global trade war.UK banks Barclays (BARC), NatWest (NWG), Lloyds Banking Group (LLOY) were some of the biggest fallers ? down 9.12%, 8.99% and 7.32% respectively on the day and global mining companies Glencore...

It was a sea of red on the FTSE 100 on Monday afternoon, with tobacco and utility stocks among the rare few to trade higher.Tariff worries continued to take a toll on equities, as 'liberation day' edges ever closer.The FTSE 100 index fell 100.89 points, 1.2%, at 8,557.96. The FTSE 250 slumped 389.25 points, 2.0%, at 19,475.73, and the AIM All-Share fell 12.16 points, 1.8%, at 684.46.The Cboe...

Soft UK economic figures did little to deter a market uplift on Friday, as Asian stocks are boosted on hopes of consumer spending stimulus.The FTSE 100 index traded up 59.66 points, 0.7%, at 8,600.72. The FTSE 250 was up 175.56 points, 0.9%, at 19,863.93, and the AIM All-Share was up 5.86 points, 0.9%, at 685.32.The Cboe UK 100 was up 0.7% at 859.45, the Cboe UK 250 was up 1.0% at 17,326.55,...

FTSE 100 commodity trader and mining outfit Glencore (GLEN) is languishing close to multi-year lows in the wake of its latest disappointing results (19 February).Management's frustration at the company's current valuation ? which stands at 11.7 times 2025 consensus forecast EPS (earnings per share) ? led it to speculate in the wake of the numbers that it might seek to shift its primary listing...

Stocks in Europe were mixed on Tuesday afternoon, with London's blue chip index boosted by miners and defence as talks between the US and Russia continue, though the pound surrendered some earlier progress as the Bank of England governor warned on tepid economic growth. The FTSE 100 index rose 14.82 points, 0.2%, at 8,782.83. The FTSE 250 fell 34.80 points, 0.2%, at 20,903.88, and the AIM...

London's FTSE 100 traded ever-so-slightly lower early on Tuesday, while the pound rose further above the $1.26 mark, after data showed the UK jobless rate was lower than expected and wage growth was hotter than forecast.The FTSE 100 index fell just 3.18 points at 8,764.83. The FTSE 250 fell 41.07 points, 0.2%, at 20,897.61, and the AIM All-Share rose 1.10 points, 0.2%, at 726.32.The Cboe UK...

The market is alive with chatter about a mega-merger in the mining space after the revelation of a failed coupling between Rio Tinto (RIO) and Glencore (GLEN). That's understandable for several reasons, but recent history shows flirtations between corporate giants often go unconsummated.Having covered the oil and gas sector for nearly 20 years, I have seen the topic of a combination...

In just the first 20 days of 2025 the FTSE 100 index of blue-chip stocks has equaled its gains for the entirety of 2024, in the process closing at an all-time high of 8,505 points on 17 January.A better-than-expected inflation report for December together with weaker-than-expected retail sales for the same month appeared to open the door to faster Bank of England rate cuts, pushing the index...

European stocks opened in the green at the start of the week, boosted by an announcement from China's top leadership which aims to aid the Asian nation's shaky economy.The FTSE 100 index traded up 26.17 points, 0.3%, at 8,334.78. The FTSE 250 was up 36.75 points, 0.2%, at 21,095.75, and the AIM All-Share was up 2.55 points, 0.4%, at 740.77.The Cboe UK 100 was 0.4% higher at 837.24, the Cboe UK...

The FTSE 100 rallied at the close on Wednesday, as US markets climbed ahead of a CPI print later in the week.The FTSE 100 index closed up 53.13 points, 0.7%, at 8,243.74. The FTSE 250 ended 191.18 points higher, 0.9%, at 20,822.38, and the AIM All-Share rose 1.59 points, 0.2%, to 736.66.The Cboe UK 100 rose 0.6% 825.37, the Cboe UK 250 closed up 1.0% at 18,281.39, but the Cboe Small Companies...

The mining sector is at an inflection point. Historically associated with polluting materials like coal, the industry has a huge role to play if the world is to transition itself away from fossil fuels.However, while long-term targets remain around net zero, there are hints of governments backsliding on these commitments and prioritising other things like energy security.That makes it very...