BHP Billiton

Ticker BLT

Today's data summary

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As of 13:19 19 Jul 2018
Market cap. Pound sterling
34,748.76 million
As of 13:19 19 Jul 2018

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Miners lead FTSE charge

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Miners are leading the FTSE 100 charge this morning.

Antofagasta is the biggest riser in the blue chip index, up 2.73% to 969.70, while Melrose has climbed 2.45% to 213.20.

Meanwhile BHP Billiton is up 2.32% to 1,702.

The FTSE 100 is up 0.44% at 7,651.51.

BHP Billiton receives bid for US shale assets

Oil pump

Shares in BHP Billiton are up 1.4%.

Bloomberg reports that the mining giant has received first-round bids for its US shale assets valuing it at between $7bn and $9bn.

BP and Chevron have bid for all the assets, according to the report. Royal Dutch Shell has partnered with Blackston to buy the operations.

BHP Billiton hopes to raise more than $10bn.

The shale oil basins of the United States have been one of the fastest growing areas in the world for oil production.

However, BHP's foray into the sector has been less than successfull.

Activist investor Elliott Advisors said it has cost investors billions of dollars.

London market heads higher

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London's FTSE 100 has advanced thanks to strong earnings from IAG and Pearson and a rise in commodities stocks.

The index is 0.5%, or 39.87 points, higher at 7,542.56 points.

Pearson is the top performer, up 5.8%, after the troubled education publisher said it is on track to post higher annual profits for the first time in six years.

BA-owner IAG is close behind, up 4.7%, after it reported strong results for the first quarter - typically a slow time for airlines.

Miners, which represent some of the biggest companies on the FTSE 100, continue to do well thanks to a rise metals prices. BHP Billiton and Antofagasta are up 1.87% and 1.67% respectively.

FTSE 100 closes higher

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London's blue chip index has closed higher after ONS data showed a surprise fall in inflation in March.

The FTSE 100 gained 91.29 points, or 1.26%, to 7,317.34.

Mediclinic International was the best performer, rising 9.15% after it published strong annual results.

Commodities firms also gained as fears over US-Russia tensions pushed metal prices to levels not seen since December 2014.

Russia is a major producer of nickel and aluminium and some believe US sanctions could hit global supply.

Glencore was up 7.65%, Anglo American gained 6.15% and BHP Billiton was 5.5% higher.

BHP Billiton takes stance on coal

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Anglo-Australian mining giant BHP Billiton is planning to quit a major industry group in a row over global warming.

BHP said it believed climate change had to be tackled by reducing emissions and using more renewable energy.

But the World Coal Association - of which the miner is a key member - prefers cleaner coal technology instead and is in favour of scrapping a so-called clean energy target.

BHP said it would also review its membership of the US Chamber of Commerce over the issue.