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    ANTO   GB0000456144


Delayed Quote. Delayed London Stock Exchange - 01/25 11:37:10 am
1380 GBX   +1.73%
01/25London Shares Gain as Miners, Oil Stocks and Royal Mail Rise
01/24CUPROCHLOR-T : An Innovation with potential Industry-Wide Implications
01/24RBC Trims Antofagasta PT, Keeps Sector Perform Rating
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

FTSE recoups early losses as cyclicals recover

11/20/2017 | 11:58am EST
London Stock Exchange interiors are seen during Israel's PM Netanyahu's visit in London

LONDON (Reuters) - Britain's top share index recovered from earlier losses to inch higher at the start of the week as cyclical sectors made a comeback, though the UK market lagged European benchmarks and Shire was a loser among health stocks.

The blue chip FTSE 100 <.FTSE> index ended 0.1 percent higher at 7,389.46 points, having hit a new seven-week low, while mid caps <.FTMC> gained 0.4 percent.

The UK lagged European markets which made a robust recovery, shrugging off the breakdown of coalition talks in Germany.

Strength in sterling put pressure on the index's dollar-earnings constituents.

"I think for the moment people are still fixated on progress in negotiations between the UK and the EU ... the currency reacts to that most quickly," Stephen Macklow-Smith, head of Europe equity strategy at JPMorgan Asset Management, said.

"There is scope for sterling to bounce if we get a fairly benign deal, and that would then translate to some rotation within the market, because when sterling weakens, overseas earners do well," Macklow-Smith added.

Though individual stock moves were in general fairly muted, shares in health firm Shire (>> Shire) fell 2.7 percent, the biggest FTSE fallers.

Shire's stock was down in a readacross reaction from some positive drug trial results for Swiss peer Roche (>> Roche Holding Ltd.), whose shares jumped 6.5 percent.

Shares in AstraZeneca (>> AstraZeneca) also edged 0.2 percent lower.

Cyclicals made a recovery after a weak start.

Materials and industrials stocks added the most points to the index, while heavyweight financials HSBC (>> HSBC Holdings), Prudential (>> Prudential) and Standard Chartered (>> Standard Chartered) remained muted, down 0.3 percent to 0.4 percent.

Commodities stocks recovered after early weakness. Oil majors BP (>> BP) and Royal Dutch Shell <RDSa.L> edged up 0.1 to 0.4 percent, while miners Anglo American (>> Anglo American) and Glencore (>> Glencore) also pulled out of an early dip, gaining 1.4 to 1.5 percent as copper prices edged higher. [O/R] [MET/L]

Health stocks were also strong movers on the mid-cap index <.FTMC>. Hikma (>> Hikma Pharmaceuticals) shares jumped 5.9 percent, while Spire Healthcare (>> Spire Healthcare Group PLC) sank 9.5 percent after South African private hospital group Mediclinic (>> Mediclinic International) said it would not make another offer for the company.

Shares in Mediclinic (>> Mediclinic International) fell 2.4 percent on the FTSE 100.

TalkTalk (>> TalkTalk Telecom Group) shares sank 4.5 percent after Citi lowered its price target on the stock, saying the company may need to further cut its dividend in order to stay within debt covenants.

Shares in Thomas Cook (>> Thomas Cook Group), however, climbed 5.2 percent thanks to some supportive broker action.

HSBC started its coverage of Thomas Cook with a "buy" rating, while Panmure Gordon & Co raised the stock to "hold" from "sell".

"Tour operators have been on the winning side of incredibly polarised share price performance across the Travel & Leisure sector this year," analysts at Panmure said in a note. Thomas Cook's shares have risen nearly 35 percent so far this year.

"(Thomas Cook's) shares have performed strongly on increasing confidence that consensus earnings expectations have stabilised, after three years of decline," Panmure analysts added.

Industrial component distributor Diploma (>> Diploma PLC) jumped 10.7 percent, helping mid-caps and blue-chip industrials outperform, after the firm reported a 19 percent rise in full-year profit.

(Reporting by Kit Rees; Editing by Toby Chopra)

By Kit Rees and Helen Reid

ę Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC 2.55% 3313.5 Delayed Quote.9.70%
ANTOFAGASTA PLC 1.73% 1380 Delayed Quote.3.03%
ASTRAZENECA PLC 1.72% 8459 Delayed Quote.-2.52%
BP PLC 4.30% 379.5 Delayed Quote.14.87%
DIPLOMA PLC -1.35% 2638 Delayed Quote.-21.87%
FTSE 100 1.02% 7371.46 Delayed Quote.-1.18%
GLENCORE PLC 0.42% 389.9 Delayed Quote.3.73%
HIKMA PHARMACEUTICALS PLC 0.88% 2000 Delayed Quote.-9.87%
HSBC HOLDINGS PLC 3.31% 508.8 Delayed Quote.13.54%
JUST GROUP PLC 2.26% 86.05 Delayed Quote.2.93%
LETS HOLDINGS GROUP CO., LTD. -4.30% 6.68 End-of-day quote.-8.49%
LOOK HOLDINGS INCORPORATED 0.90% 1225 Delayed Quote.-2.05%
MEDICLINIC INTERNATIONAL PLC 2.41% 323 Delayed Quote.0.81%
MSCI UNITED KINGDOM (STRD) 1.23% 1176.915 Real-time Quote.2.21%
NEXT PLC 1.73% 7430 Delayed Quote.-8.83%
PRUDENTIAL PLC -1.46% 1218.5 Delayed Quote.-4.39%
ROCHE HOLDING AG 0.42% 346.2 Delayed Quote.-9.06%
S&P UNITED KINGDOM (PDS) 1.08% 1486.66 Delayed Quote.-0.46%
SPIRE HEALTHCARE GROUP PLC -1.91% 230.5 Delayed Quote.-7.80%
STANDARD CHARTERED PLC 4.77% 509.8 Delayed Quote.14.23%
SWISS RE LTD 2.67% 99.2 Delayed Quote.7.05%
TALK TALK TELECOM 0.00%End-of-day quote.-1.12%
All news about ANTOFAGASTA PLC
01/25London Shares Gain as Miners, Oil Stocks and Royal Mail Rise
01/24CUPROCHLOR-T : An Innovation with potential Industry-Wide Implications
01/24RBC Trims Antofagasta PT, Keeps Sector Perform Rating
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Analyst Recommendations on ANTOFAGASTA PLC
More recommendations
Financials (USD)
Sales 2021 7 419 M - -
Net income 2021 1 480 M - -
Net cash 2021 525 M - -
P/E ratio 2021 12,6x
Yield 2021 5,06%
Capitalization 18 364 M 18 340 M -
EV / Sales 2021 2,40x
EV / Sales 2022 2,82x
Nbr of Employees 6 728
Free-Float -
Duration : Period :
Antofagasta plc Technical Analysis Chart | ANTO | GB0000456144 | MarketScreener
Technical analysis trends ANTOFAGASTA PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 17
Last Close Price 18,63 $
Average target price 19,40 $
Spread / Average Target 4,13%
EPS Revisions
Managers and Directors
Ivßn Arriagada Herrera Group Chief Executive Officer
Mauricio Ortiz Group Chief Financial Officer
Jean-Paul Luksic Fontbona Non-Executive Chairman
Hernßn Menares Vice President-Operations
Vivianne Blanlot Soza Independent Non-Executive Director
Sector and Competitors