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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Anglo American plc    AAL   GB00B1XZS820


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Strong gains from HSBC, miners cushion FTSE losses

06/29/2017 | 12:45pm EST
People walk through the lobby of the London Stock Exchange in London

LONDON (Reuters) - Robust bank and mining stocks helped Britain's FTSE 100 index outpace European peers on Thursday, caught up in a broad slide driven by concerns over central banks potentially tightening policy.

Britain's main share index <.FTSE> ended 0.5 percent lower, having spent much of the session in positive territory, while euro zone stocks <.STOXXE> fell 1.7 percent.

British banks <.FTNMX8350>, a sector which would benefit from higher rates, jumped 2.7 percent to a four-month high after the U.S. regulator approved higher dividends and buybacks, sending a ripple effect across financial stocks worldwide.

The Fed approved plans from the 34 largest U.S. banks, including U.S. units of HSBC and Deutsche Bank, to use extra capital for stock buybacks and other purposes beyond a cushion against possible catastrophe.

HSBC (>> HSBC Holdings) was up more than 4 percent to a near four-year high, also boosted by a Morgan Stanley upgrade to 'overweight'. Analysts said they saw capital return rising up the agenda for the bank, with around $45 billion of surplus by 2019.

"Our work suggests HSBC will be in the top quartile of EU banks for cash returns over the next three years," said Morgan Stanley analysts.

"HSBC's weighting towards Asia sets it apart from everything else that's listed here. I can see why there's potential for a split where people start looking at HSBC instead of Lloyds, who are far more exposed to Brexit risks," said Gareth Burchell, partner at Shard Capital.

"HSBC pays a very high dividend which is also attractive."

Miners Rio Tinto (>> Rio Tinto), Glencore (>> Glencore), Antofagasta (>> Antofagasta) and Anglo American (>> Anglo American) also lent support as copper and gold prices climbed against the weaker dollar.

Shares in broadcaster Sky (>> Sky) rose 3.3 percent after the UK government said that it intended to subject Rupert Murdoch's takeover of the group to an in-depth investigation after finding the $15 billion deal risked giving the media mogul too much power over the news agenda.

Sky's shares rose on hopes a full investigation could still be averted by concessions over its 24-hour TV news channel.

While the sell-off was broad-based, consumer staples were the biggest weight, with British American Tobacco (>> British American Tobacco), Unilever (>> Unilever), Reckitt Benckiser (>> Reckitt Benckiser) and Diageo (>> Diageo) coming under pressure following more hawkish signals from central banks, including the Bank of England on Wednesday.

The dividends of such interest-rate sensitive stocks look less attractive when rates are expected to rise.

Mid-caps <.FTMC> also saw some robust company moves, with hefty losses from JD Sports sending the index down 0.7 percent.

Packaging company DS Smith (>> DS Smith) jumped 8.4 percent, hitting an all-time high after reporting upbeat full-year results and a planned $920 million acquisition of 80 percent of U.S. corrugated packaging firm Interstate Resources.

JD Sports (>> JD Sports Fashion PLC) sank 8.5 percent, its worst day in a year, after a trading update showed sales growth in line with expectations.

(Reporting by Kit Rees and Helen Reid; editing by John Stonestreet)

By Helen Reid and Kit Rees

© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC 3.85% 2332.5 Delayed Quote.7.18%
DEERE & COMPANY -2.48% 255.13 Delayed Quote.51.00%
FOX CORPORATION 4.51% 30.14 Delayed Quote.-18.69%
GOLD 0.00% 1811.72 Delayed Quote.17.24%
HSBC HOLDINGS PLC 4.51% 405.75 Delayed Quote.-31.39%
JD SPORTS FASHION PLC 4.23% 809 Delayed Quote.-3.39%
LETS HOLDINGS GROUP CO., LTD. -1.52% 9.08 End-of-day quote.50.33%
LOOK HOLDINGS INCORPORATED -6.51% 976 End-of-day quote.-22.04%
MORGAN STANLEY 2.35% 63.28 Delayed Quote.23.79%
MSCI UNITED KINGDOM (STRD, UHD) 1.99% 998.934 Real-time Quote.-17.73%
NEXT PLC 3.05% 6752 Delayed Quote.-3.88%
RIPPLE (XRP/BTC) 0.00% 3.3E-5 Real-time Quote.30.77%
RIPPLE (XRP/EUR) 0.04% 0.5096 Real-time Quote.226.45%
RIPPLE - UNITED STATES DOLLAR -0.01% 0.614255 Real-time Quote.251.13%
RISE, INC. 0.00% 24 End-of-day quote.-20.00%
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More news
Financials (USD)
Sales 2020 27 296 M - -
Net income 2020 2 421 M - -
Net Debt 2020 6 379 M - -
P/E ratio 2020 15,8x
Yield 2020 2,75%
Capitalization 38 571 M 38 595 M -
EV / Sales 2020 1,65x
EV / Sales 2021 1,42x
Nbr of Employees 60 000
Free-Float 89,4%
Duration : Period :
Anglo American plc Technical Analysis Chart | AAL | GB00B1XZS820 | MarketScreener
Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 31,98 $
Last Close Price 31,26 $
Spread / Highest target 45,0%
Spread / Average Target 2,31%
Spread / Lowest Target -23,1%
EPS Revisions
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Executive Director
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
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1st jan.Capitalization (M$)
BHP GROUP-2.18%130 265
RIO TINTO PLC10.98%108 005
GRUPO MÉXICO, S.A.B. DE C.V.41.42%28 313
FRESNILLO PLC74.16%10 346