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...Anglo American’s boss Duncan Wanblad has said the British mining group will not “shrink itself to greatness” in the face of growing pressure to take radical action in reshaping its misfiring portfolio and...
...In an unusual move, Smith & Nephew is seeking to increase the pay of Nath but not its finance boss, who works from the UK, reflecting higher pay packages on offer from American rivals....
...Bloomberg first reported news that BHP was considering a potential takeover of Anglo American. This is a developing story....
...Bloomberg first reported news that BHP was considering a potential takeover of Anglo American....
...Anglo American blamed “uncertainty around economic growth prospects”....
...“Ongoing uncertainty around economic growth prospects has led to a continued cautious purchasing approach” by its customers, Anglo American said....
...As much as Anglo American maintains the metals it produces such as platinum and nickel are “critical in enabling . . . sustainable green solutions”, the mining sector has been feeling decidedly old economy...
...Anglo American has written down $2.4bn in its diamond and nickel businesses as the gemstone market takes longer to recover and the battery metal suffers from a glut of Indonesian supply....
...Anglo American Platinum plans to cut 3,700 jobs in South Africa in a bid to reduce costs and turn around fortunes for one of the British mining group’s most troubled divisions....
...Anglo American has booked more than $2bn of impairments related to its diamond and nickel mines as annual profits dropped by a third on lower commodity prices, in another setback for the British mining group...
...Anglo American Platinum plans to cut 3,700 jobs in South Africa in a bid to cut costs at one of the mining group’s most troubled divisions....
...Anglo American’s shares suffered their biggest one-day fall since the financial crisis in 2008 after the company revealed plans to slash mineral production to cut costs and boost profitability....
Trade secrets and nonce sense
...Anglo American’s worst day on the London stock exchange for 15 years has heaped pressure on relatively new boss Duncan Wanblad, prompting questions over why the British miner has been so badly driven off...
...Anglo American has unveiled plans to slash metal production to cut costs and combat the slide in its share price that has been far deeper than rival mining companies....
...Anglo American believes that should change....
...Anglo American: Shares fell 1.79 per cent after the mining group’s subsidiary Anglo American Platinum announced plans to cut 3,700 jobs, almost a fifth of its headcount....
...Miners Rio Tinto and Anglo American advanced 3 per cent and 2.3 per cent, respectively. France’s Cac 40 and Germany’s Dax both gained 0.6 per cent, while London’s FTSE 100 rose 0.2 per cent....
...Gains for index heavyweights Rio Tinto and Anglo American boosted London’s FTSE 100, although declines in other sectors, particularly for healthcare and consumer stocks, limited gains for the UK’s blue-chip...
...Shares in the Anglo-Swedish drugmaker fell 6 per cent in morning trading after the FTSE 100 company posted earnings before interest, tax, depreciation and amortisation of $13.5bn for 2023, below consensus...
...Polymetal, until recently one of the world’s most profitable gold miners, has secured a buyer for its Russian business that values it at more than $3bn, in a deal the Anglo-Russian group claimed would protect...
...Fresnillo dipped 2 per cent, Anglo American was down 1.3 per cent, and Rio Tinto fell 1.1 per cent....
...GSK has struck a $1.4bn deal to acquire Anglo-American biotech Aiolos Bio, which makes respiratory medicines, as the British pharma group seeks to broaden its range of asthma treatments....
...Anglo-American’s De Beers, along with Russia’s Alrosa, control two-thirds of the rough diamond supply. DeBeers this week said its rough sales dropped 23 per cent in the first quarter....
...Yet the future, for the Anglo-Australian group, is not nearly as anaemic as it may seem. Rio is not alone in generating little excitement....
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