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.
12 April 2021 | 08:29am
StockMarketWire.com - UK stocks opened lower on Monday, even as local restaurants, bars and other non-essential businesses began to reopen, as jitters remain globally about rising bond yields and lofty stock valuations.
At 0819, the benchmark FTSE 100 index was down 16.29 points, or 0.2%, at 6,899.46.
Shopping centre owner Hammerson climed 1.4% to 37.92p, having confirmed press speculation that it was in talks about a possible sale of its retail parks portfolio to Brookfield.
Pharmaceutical group AstraZeneca edged back 3.42p to £72.8358 after it said its diabetes drug Farxiga did not improve the condition of patients hospitalised with Covid-19 in a clinical trial.
12 April 2021 | 12:26pm
StockMarketWire.com - UK stocks were slightly lower by lunchtime on Monday, even as local restaurants, bars and other non-essential businesses began to reopen, with investor sentiment uncertain amid global jitters over rising bond yields and lofty stock valuations.
By lunchtime, London s blue chip benchmark index was down 22 points, or 0.32%, at 6,893.84, with high street names weakening on reopening day as investors decided to sell the fact .
Shopping centre owner Hammerson cheapened 2.4% to 36.5p after it confirmed press speculation that it was in talks about a possible sale of its retail parks portfolio to Brookfield.
Pharmaceutical group AstraZeneca edged 0.2% higher to £72.73 after it said its diabetes drug Farxiga did not improve the condition of patients hospitalised with Covid-19 in a clinical trial.
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.