Advertisement
UK markets closed
  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     
  • HANG SENG

    18,444.87
    -31.05 (-0.17%)
     
  • CRUDE OIL

    78.33
    +0.22 (+0.28%)
     
  • GOLD FUTURES

    2,319.60
    +11.00 (+0.48%)
     
  • DOW

    38,675.68
    +449.98 (+1.18%)
     
  • Bitcoin GBP

    50,886.35
    +534.00 (+1.06%)
     
  • CMC Crypto 200

    1,333.61
    +56.63 (+4.43%)
     
  • NASDAQ Composite

    16,156.33
    +315.33 (+1.99%)
     
  • UK FTSE All Share

    4,469.09
    +22.94 (+0.52%)
     

BUZZ-Anglo American: dividend to help lift shares off 13-year lows

** A relief rally in store for Anglo American (LSE: AAL.L - news) shares which are seen opening as much as 5 pct higher after the co stuck with its dividend

** Rout in metal prices and a profit-warning earlier this month had seen analysts scramble to cut estimates for earnings and sales in run-up to results

** Revenue estimates down 6 pct while net income forecasts slashed by a quarter over past month as

** Divi comes as a surprise too as one trader points out swaps market were implying no dividend

** Co said its sees $1.4 bln in proceeds from divestment of coal, copper, platinum assets and maintained a grim outlook for metals markets in H2

(RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)