BHP announces record $9bn handout to investors as soaring coal prices fuel profits August 16, 2022 BHP is handing out record sums to shareholders, after the multinational miner delivered bumper profits fuelled by soaring coal prices.
Weak China economy data weighs on London’s FTSE 100 August 15, 2022 London’s FTSE 100 kicked off the week in muted style as more signs of the global economy stalling emerged today. The capital’s premier index edged 0.04 per cent higher to 7,503.87 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.12 per cent to [...]
China economy wilts under weight of ‘zero Covid’ restrictions and soft demand August 15, 2022 Strict adherence to blunt restrictions on daily life to deal with Covid-19 outbreaks is sending a chill through the Chinese economy, a raft of data released today showed. Beijing’s blanket lockdowns across some of the country’s economic powerhouses, including Shanghai, one of the world’s top trade hubs, are weighing on output. Retail sales growth in [...]
Glencore shareholders set for payday as profits jump to $18.9bn August 4, 2022 Mining and commodities giant Glencore announced it would put $4.5bn back in shareholders pockets today after it reported record half-yearly profits of $18.9bn on the back of soaring metal prices and market volatility.
Glencore lowers copper production guidance due to problems at Congo mine July 29, 2022 Commodities trader Glencore today said it is set to produce less copper this year than previously forecast due to technical issues at its Katanga mine in the Congo. The Anglo-Swiss multinational lowered its copper production guidance figures by 4.5 per cent, from 1,110 kt to 1,060 kt due to the ongoing geotechnical constraints related to [...]
Jitters over global recession send FTSE 100-listed industrial giants lower July 21, 2022 Jitters over a slowdown in the global economy pulled industrial stocks lower today, taming gains on London’s FTSE 100, but Frasers group boosts mid-cap index. The capital’s premier index edged 0.09 per cent higher to 7,270.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
London’s FTSE 100 jumps amid receding recession jitters July 18, 2022 Recession fears among investors eased today ahead of a bumper week of economic data. London’s premier FTSE 100 index jumped 0.9 per cent to 7,223.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.96 per cent to over 19,000 for the first time [...]
Top UK firms set to dish out £85bn in dividends this year July 12, 2022 Shareholders in Britain's top firms are set to pocket as much as £85bn in dividends this year as boardrooms pay out excess cash to investors, new research has revealed.
Markets have bigger things to worry about than a change in Number 10 July 12, 2022 Markets tend to be one step ahead of everyone else. Investors are always trying to identify new risks and limit their exposure to events that hurt stock markets. That forward-looking ethos probably explains why they ignored the upheaval in Number 10 last week. Boris Johnson’s position has looked wobbly for a while. Investors priced in [...]
Top investors demand firms including Tesla and Exxon Mobil cough up climate data June 29, 2022 A group of 263 top financial institutions have today called on firms including Tesla and Exxon Mobil to reveal their environmental impact data, as pressure grows on businesses for transparency on climate impact.