Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAntofag.5%pr Share News (70GD)

Share Price Information for Antofag.5%pr (70GD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 70.50
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 70.50
70GD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET OPEN: Stocks Higher As Investors Await Brexit Vote

Tue, 15th Jan 2019 08:59

LONDON (Alliance News) - Stocks in London opened higher on Tuesday after China's latest economic stimulus measure provided investors with some relief.The main event of the day sees UK lawmakers voting on UK government's Brexit deal for leaving the European Union at Westminster.The FTSE 100 was up 28.38 points, or 0.4%, at 6,883.40, while the FTSE 250 was up 7.77 points at 18,425.35. The AIM All-Share was up 0.1% at 905.01.The Cboe UK 100 was up 0.8% at 11,726.42, while the Cboe UK 250 was 0.2% higher at 16,497.85 and the Cboe UK Small Companies down 0.1% at 11,152.46.In mainland Europe, the CAC 40 stock index in Paris was up 1.0%, while the DAX 30 in Frankfurt was 0.9% higher.The Japanese Nikkei 225 index closed up 1.0%, resuming trading after being closed on Monday. In China, the Shanghai Composite ended up 1.4%, while the Hang Seng index in Hong Kong closed up 2.0%.Markets in Asia were higher after Beijing said it would cut taxes "on a larger scale" to stabilize a slowing economy amid ongoing US-China trade war."The country's finance ministry announced it intends to cut VAT rates for certain industries, including manufacturers, while giving tax rebates to others. At the same time, the People's Bank of China claimed it would keep liquidity 'reasonably ample', a pincer attack of reassurances that, looking at the markets, seems, for now, to have worked," said Spreadex analyst Connor Campbell.On the London Stock Exchange, miners were among the blue chip risers following the latest China economic stimulus measures.Rio Tinto was up 1.9%, Anglo American up 1.7% Antofagasta, up 1.4% and Glencore up 1.3%. At the other end of the large cap index, Paddy Power Betfair was the worst performer, down 2.4%, adding to losses from Monday after the bookmaker was hit by a broker downgrade. The stock closed down 4.1% on Monday.Persimmon was down 1.0% despite the housebuilder stating that it expects annual profit to be modestly ahead of consensus. Persimmon expects total revenue for 2018 to come in at GBP3.74 billion, up from GBP3.60 billion a year ago.New housing revenue was predicted to rise by 4% to GBP3.55 billion from GBP3.24 billion, with the company's legal completions increasing by 406 new homes, or 3%, to 16,449 from 16.043. Average selling price per unit increased by 1% year-on-year to GBP215,560. Fellow housebuilders Taylor Wimpey, Barratt Developments and Berkeley Group were down 1.0%, 0.9% and 0.8%, respectively. "Unfortunately, the [housebuilding] sector is squarely in the firing line because of Brexit and the potential damage it could wreak on the UK economy. Quite apart from the possibility of the country spinning into an immediate economic downturn, any ongoing weakness in sterling could well lead to a further increase in the cost of materials. This comes in addition to a housing market which is slowly starting to come off the boil," said Interactive Investor's Richard Hunter. In the FTSE 250, Hays was the best performer, up 3.6% after the recruiter reported growth in net fees for the second quarter.For the quarter to December-end, net fees increased 8% on a headline basis and 9% on a like-for-like basis versus the prior year.At the other end of the midcap index, Provident Financial was the worst performer, down 19% after the doorstep lender said it expects 2018 profit to come in towards the lower end of market expectations, despite making "further good progress" in the last quarter.Currently, the market forecasts the lender's pretax profit to be between GBP151 million and GBP166 million. A year ago, the company reported a GBP123.0 million pretax loss.The group expects to report exceptional costs of GBP55 million in 2018 representing costs associated with the implementation of the home credit recovery plan, comprising intangible and tangible asset write offs, redundancy and consultancy costs, non-cash pension charges and others costs. The pound was flat, quoted at USD1.2885 against USD1.2890 at the London equities close Monday, ahead of the key vote in the House of Commons.UK Prime Minister Theresa May will make her final efforts Tuesday to persuade lawmakers to back the deal she has agreed for the UK to withdraw from the EU, as she faces widespread dissent from her own Conservatives and opposition parties.May has promised parliament a "meaningful vote" on the agreement, but she postponed it at the last minute in mid-December after admitting she faced a heavy defeat.Speculation has mounted over what could happen to the deal, to the Brexit process and to May's political career if, as seems likely, she loses the vote."The consensus view is that the agreement is likely to be rejected by the House of Commons, with some media sources reporting that the defeat could be in the order of two hundred votes. The government has indicated a willingness to make some further concessions to firm up support. Few observers seem to think that this will do anything more than reduce the scale of the loss. However, a relatively narrow defeat may still leave room for a slightly amended deal to pass on a second vote," analysts at Lloyds said. May conceded that the deal "is not perfect" and reflects compromise.Addressing lawmakers in Monday's debate, she rejected calls to delay the date of the UK leaving the EU, scheduled for March 29, to allow more time to build consensus or allow a second referendum."The number of members of parliament who vote against the Brexit deal is likely to be seen as an acid test of how hard it will be for Theresa May to get a revised deal through parliament on a second attempt. A number above 100 MPs would set an extremely high bar to get a modified version of the deal approved in the next 2 to 3 weeks," analysts at ING said.Should May lose the vote she is required to find an alternate solution and report back within three parliamentary sitting days.In the US on Monday, Wall Street ended lower, with the Dow Jones Industrial Average down 0.4%, S&P 500 down 0.5% and Nasdaq Composite down 0.9%.Ahead in the US earnings calendar on Tuesday, banks JPMorgan Chase and Wells Fargo report earnings before the market open in New York.

More News
13 Aug 2019 16:58

LONDON MARKET CLOSE: US Tariff Delay News Sparks Late Surge In Europe

(Alliance News) - London stocks saw a sharp turnaround in fortunes as Tuesday's session progressed on news the US will delay some tariffs on Chinese products. The decision caused safe haven to

Read more
5 Aug 2019 08:57

LONDON MARKET OPEN: Miners Struggle Amid Ongoing US-China Trade Woes

(Alliance News) - Stocks in London added to Friday's losses early on Monday as trade tensions between the US and China harmed miners, dragging the FTSE 100 lower. The large-cap index was down

Read more
24 Jul 2019 07:44

TOP NEWS: Antofagasta Costs To Continue To Fall After Strong Quarter

(Alliance News) - Chilean copper miner Antofagasta PLC on Wednesday held annual production guidance after a "strong" copper performance in the second quarter of 2019.Production in

Read more
24 Jul 2019 07:44

LONDON MARKET PRE-OPEN: Aston Martin Cuts Guidance On Tough Backdrop

(Alliance News) - Stocks in London are on course for a hesitant start on Wednesday following some solid gains in the previous session, with US-China trade talk newsflow providing some support.In a

Read more
19 Jul 2019 17:05

LONDON MARKET CLOSE: Stocks Higher As Investors Look For US Rate Cut

(Alliance News) - Stocks in London ended higher on Friday as dovish remarks from a key Federal Reserve official boosted investor sentiment.Central banks should move quickly to address economic are

Read more
19 Jul 2019 12:14

LONDON MARKET MIDDAY: Stocks Mixed As US Rate Cut Expectations Rise

(Alliance News) - London shares were mixed at midday on Friday with the FTSE 100 hindered by the rising pound, as investors digested comments from the US Federal Reserve.Central banks should move

Read more
19 Jul 2019 08:39

LONDON MARKET OPEN: Acacia Mining Jumps On Barrick Gold Agreement

(Alliance News) - Stocks opened up in the green in London on Friday, with investor sentiment worldwide boosted by doveish comments from US central bankers on Thursday.On the London Stock Acacia on

Read more
17 Jul 2019 16:07

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 18 July Scieifitic Digital Imaging Half Year ResultsAudioboomHalf Year Year

Read more
15 Jul 2019 17:04

LONDON MARKET CLOSE: FTSE Rises On Weak Pound And Strong Miners

(Alliance News) - Stocks in London ended in the green Monday with the FTSE 100 enjoying a boost from miners and a weaker pound. The large-cap FTSE 100 index closed 25.75 points higher, or 0.3%, at

Read more
15 Jul 2019 12:12

LONDON MARKET MIDDAY: Stocks Up As Investors Shrug Off China GDP Data

(Alliance News) - Stock prices were higher in London at midday on Monday with investors unperturbed by weakened economic growth in China, as Citigroup is set to initiate earnings

Read more
15 Jul 2019 10:21

WINNERS & LOSERS SUMMARY: Sports Direct Sinks On Annual Results Delay

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 4.3%. An international tribunal has ordered to to

Read more
15 Jul 2019 08:41

LONDON MARKET OPEN: House Of Fraser Woes Continue For Sports Direct

(Alliance News) - Stock prices in London opened higher on Monday with heavyweight miners among the blue-chip risers, while among mid-caps Sports Direct fell sharply after delaying

Read more
15 Jul 2019 08:34

TOP NEWS: Antofagasta's Tethyan Copper Wins Case Against Pakistan

(Alliance News) - An international tribunal has ordered Pakistan to pay almost USD6 billion to a joint venture partly owned by Antofagasta PLC, the company said Monday.The USD5.84 billion a

Read more
5 Jul 2019 17:07

LONDON MARKET CLOSE: Strong US Jobs Report Dim Interest Rate Cut Hopes

(Alliance News) - Stocks in London ended lower on Friday as a stellar jobs report from the US cooled hopes that the Federal Reserve will cut interest rates at its upcoming monetary policy meeting

Read more
5 Jul 2019 12:13

LONDON MARKET MIDDAY: Housebuilders Hurt By Slip In UK House Prices

(Alliance News) - Stocks continued to trade mostly lower at midday on Friday, as market focus remained on the US jobs report later in the day.Holding back the FTSE 100 were losses for and miners,

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.