Pound sinks to seven-month low after Reeves spikes tax fears Markets The pound took a plunge this morning after Chancellor Rachel Reeves spooked the markets with a speech laying the groundwork for big tax hikes in her Autumn Budget. Sterling fell to its lowest since April against the dollar this morning at $1.30 – a 0.46 per cent loss today alone. The pound was also struggling [...]
Mining has its mojo back – will London miss out? mining After years spent cast as the underbelly of the global economy, mining is undergoing a reputational and financial revival. Ali Lyon explores what’s behind the renaissance, and whether London risks losing its status as the industry’s spiritual home as a result. With his thick-rimmed spectacles, salt-and-pepper hair and wiry, lean build, Gustavo Pimenta is a [...]
Anglo American boss sees future in London despite HQ move mining Anglo American has no plans to move its primary listing away from London once its megamerger with Canadian rival Teck is completed, its boss has said, despite the firm recently choosing to move its headquarters to Vancouver. Duncan Wanblad, who will eventually head up the future ‘Anglo Teck’ entity should the deal be green lit [...]
BHP profit hits five-year low amid weaker iron ore prices August 19, 2025 Profit at BHP has slumped to a five-year low as lower iron ore prices and economic turbulence have hit the mining giant. The firm posted underlying attributable profit of $10.2bn (£7.6bn) in the year to June, a decline of 26 per cent compared to last year and the lowest since the start of the pandemic [...]
FTSE 100 narrowly misses record high after housebuilders rally June 10, 2025 The FTSE 100 closed just short of a record high on Tuesday after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up 0.24 per cent to 8853.08p after a rally from homebuilders. This narrowly missed March’s record close of 8,871.31p. Builders Persimmon and [...]
FTSE 100 extends record win streak as gold miners rally May 6, 2025 The FTSE 100’s record run, fuelled by a recovery in investor sentiment following a pullback in US tariff threats, extended to 16 days on Tuesday. The blue-chip index had another nail-biting session fluctuating between small gains and losses before scraping a 0.01 per cent win. Gold miners led the risers as Endeavour and Fresnillo topped [...]
FTSE 100 on track for longest winning streak ever May 2, 2025 The FTSE 100 is set to net its longest winning run ever as it recovers from the tariff-induced market chaos of April. Should the UK’s flagship index continue its morning rally and close in the green on Friday for the 15th consecutive trading session, it will beat the current record of 14 days achieved in [...]
Rio Tinto hits back at ‘unfounded and misleading’ pressure to ditch London March 19, 2025 Rio Tinto has hit back at calls for it to ditch its London listing in favour of Australia, arguing that claims made by an activist investor were both “unfounded and misleading.” The mining giant holds a dual-listing in the UK capital and Sydney, but has faced pressure from investors to abandon its current set up [...]
BHP facing 620,000 claimants in London trial over Brazilian dam collapse October 13, 2024 A landmark trial will get under way at the High Court in London later this month against Anglo-Australian mining firm BHP. London-listed BHP will defend itself against allegations of negligence and look to avoid paying damages that could rise to as much as £33.6bn at a trial from 21 October relating to its role in [...]