FTSE 100 close: London index claws back losses as pound and oil prices soar June 1, 2023 London’s FTSE 100 clawed back losses today after posting its worst month since last summer in May, led higher by mining giants regaining ground following yesterday’s sharp losses. The capital’s premier index climbed 0.59 per cent to 7,490.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
FTSE 100 live: London’s blue chip index ends the week on a positive, but subdued note April 21, 2023 The FTSE 100 ended a quiet week with another subdued session on Friday, but it managed to eke out a small gain and kept above 7,900 points. Shares in the top index in London gained 11.52 points, rising by 0.2 per cent to 7,914.13. It came despite heavy losses for the country’s biggest mining companies. [...]
FTSE 100 close: THG skyrockets 40 per cent while miners edge London index higher April 17, 2023 London’s FTSE 100 kicked off a fresh week in muted fashion today, inched higher by investors snapping up shares in mining giants, while fashion firm THG skyrocketed more than 40 per cent on mounting takeover rumours. The capital’s premier index added 0.1 per cent to close at 7,879.52 points, while the domestically-focused mid-cap FTSE 250 [...]
TikTok tries to avoid US ban by offering lawmakers assurances over data sharing and security concerns January 16, 2023 TikTok has proposed allowing US officials access its algorithms in an attempt to avoid a statewide ban. In the last few months, American lawmakers have attempted to ban the video based social media platform, after FBI Director Christopher Wray said that TikTok poses national security risks in November. In the last week, over 20 US [...]
Anglo American and EDF join forces on South African renewables venture October 4, 2022 Mining giant Anglo American said it would join forces with French energy giant EDF today to develop a new “renewable energy ecosystem” in South Africa.
Anglo American profits soar to $20.6bn as bosses prepare to hike dividends February 24, 2022 Mining giant Anglo American reported record full year earnings and prepared to more than triple its annual payout to shareholders, as it felt the lift of soaring commodity prices which have boosted profits across the sector.
Anglo-American to return extra $2bn to shareholders after doubling revenue July 29, 2021 Anglo-American said that it would return an extra $2bn to shareholders after doubling its revenue in the first half of the year. The FTSE 100 firm said that revenue had jumped from $10.2bn to $21.8bn in the period, thanks mainly to surging demands for raw materials amid the recovery from the pandemic. The mining giant [...]
Mine blast: Anglo American exposed workers to excessive risk, inquiry finds June 15, 2021 An inquiry into a blast at an Anglo American coal mine in Australia that seriously injured five workers has found that the miner exposed workers to excessive risk. Mining activities at Anglo’s Grosvenor mine in Queensland were halted after the May 2020 explosion that triggered a government inquiry. Anglo repeatedly produced more methane gas than [...]
Anglo American South African coal mines are ‘worthless’ says researcher in scathing attack June 6, 2021 Anglo American’s South African coal mines are “worthless,” according researcher Boatman Capital, which published a 39-page dossier on the company that also accused the mining giant of greenwashing. The dossier alleges clean-up costs for Thungela Resources could be three-times greater than the amounts currently disclosed to investors, the Telegraph reported. Anglo American will demerge with [...]
Branston pickle, Cadbury flake and crumpets among top five UK exports expats craved during pandemic March 11, 2021 Demand for UK food from exporter British Corner Shop surges in US amid revenue rise by 150 per cent