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UK stocks open 0 4% higher, led by miners | 1 June 2021

UK stocks open 0.4% higher, led by miners

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FTSE 100 makes modest recovery after Tuesday s big fall | 21 April 2021

21 April 2021 | 12:01pm StockMarketWire.com - The FTSE 100 made a modest recovery on Wednesday after Tuesday s big sell-off gaining 0.5% to 6,894.47 with big oil companies helping to support the index. The UK consumer price index rose 0.7% in March from 0.4% in February, indicating the economy was on the mend though the market had expected an even stronger reading, of 0.8%. BHP gained 1.3% to £21.945 after it upgraded its annual copper production guidance, though it also downgraded its guidance for both metallurgical and energy coal. The world s biggest mining company kept its guidance for petroleum and iron-ore intact, with output of the latter rising 4% in the nine months through March.

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BHP s Samarco files judicial review for bankruptcy protection | 12 April 2021

12 April 2021 | 07:33am StockMarketWire.com - Mining giant BHP said its joint venture Samarco Mineracao had filed for judicial review for bankruptcy protection after failing to agree terms on a debt restructure with creditors. Samarco s JR filing is a last-resort response to multiple legal actions filed by certain Samarco financial creditors in the U.S. and Brazil which have resulted in freezing orders against Samarco s accounts and which threaten Samarco s operations, the company said. The judicial review would not affect Samarco s obligation or commitment to make full redress for the 2015 Fundao dam failure, and it does not impact Renova s ability to undertake that remediation and compensation, it added.

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Shell nombra a Andrew Mackenzie como nuevo presidente a partir de mayo

Shell nombra a Andrew Mackenzie como nuevo presidente a partir de mayo
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FTSE opens 0 5% weaker as miners hit by lower iron ore price | 10 March 2021

10 March 2021 | 08:37am StockMarketWire.com - UK stocks opened lower on Wednesday after large mining companies were hit by a drop in the price of iron ore. At 0824, the benchmark FTSE 100 index was down 30.09 points, or 0.5%, at 6,700.25. BHP fell 2.6% to £21.435 and Rio Tinto fell 4.3% to £55.68. In corporate news, insurance group Legal & General shed 0.4% to 280.9p, having reported a 15% fall in annual profit driven by pandemic-related claims. Legal & General held its dividend steady at 17.57p per share. Food delivery service Just Eat Takeway slipped 0.2% to £68.30 as it posted a deeper annual loss of €147 million after a rise in revenue was offset by higher spending.

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