Anglo American

Ticker AAL

Today's data summary

Market open
% change
+1.73%
Price Pence
1821.00
Change
+31.00
As of 10:20 18 Jan 2019
Market cap. Pound sterling
25,575.10 million
As of 10:20 18 Jan 2019

Latest updates

FTSE slips on weak Chinese data

Trader
Getty Images

The London market is back at 7,000 after China's manufacturing sector reported its weakest growth in two years on Friday morning.

As world leaders gather in Argentina for the G20 summit, the FTSE 100 slipped 0.8% as shares in miners such as Rio Tinto, Anglo American and Antofagasta slumped.

Connor Campbell of Spreadex says a slowdown in China’s manufacturing sector is not that surprising given the country’s trade war with the US.

"That puts even more pressure on President Xi Jinping to try and move in the right direction with [Donald] Trump in Buenos Aires, something that seems like a huge ask given the latter’s bellicose rhetoric this week."

Eurozone indices have moved in the same direction, with Germany's DAX and the French CAC both down 0.6%.

Miners send FTSE 100 lower

Anglo American mining site
Anglo American

The FTSE 100 index is now down 0.78% at 7,084.73 with mining stocks the biggest fallers on the blue chip index.

Anglo American is showing the biggest drop, down 4.6% at £16.69, followed by Glencore whose share price is down 4% at 305.15p.

Exhibitions and publishing group Informa is still the leading riser on Friday, up 2.6% at 710.2p after revealing strong revenue growth over the year to date.

The FTSE 250 is down 0.69% at 19,124.37. After strong gains on Thursday, Hikma Pharmaceuticals is the largest faller on the index, down 6.1% at £19,00.

FTSE 100 drops on commodity price falls

The FTSE 100, the blue chip stock index, has reversed earlier gains and is now trading down 0.77% at 7,553.35.

Connor Campbell, financial analyst at Spreadex, says: "The FTSE was crushed under the weight of its sizeable commodity stocks on Wednesday, plunging towards 7,550 as chaos spread throughout the sector.

Trucks loading copper ore
Getty Images

"With Brent Crude falling under $72 per barrel after slipping 1%, gold sliding to $1,192 an ounce and copper sinking around 2.5% to hit a fresh 13 month low, the FTSE’s oil and mining firms were not in a good way.

"BP and Shell both slipped 0.7%, the likes of Rio Tinto, Anglo American and Antofagasta were down anywhere between 2.5% and 4%, and Fresnillo shed 5.5%.

"All this led to the UK index itself dropping 70 points, testing intraday lows last seen at the start of the month."

Anglo American: Profits up, debt down

Anglo American mine
Anglo American

Mining giant, Anglo American has reported 2% increase in underlying earnings to $1.57bn, for the six months ending 30 June.

The company reduced its net debt to $4bn - an 11% reduction since the end of 2017.

Coal production was up 17%, copper was up 10% and De Beers' rough diamond production rose 8%.

Good morning!

Welcome to Business Live and a veritable avalanche of company results.

In the UK, Sky will reveal its financials this morning while later on, its would-be acquirer, US cable giant Comcast, will announce its second quarter results.

Drinks giant Diageo, oil specialist Shell and miner Anglo American will also provide updates.

Over in the US, watch out for Amazon, Intel, Starbucks and McDonald's when they announce their results later.

As always, we'd love to hear from you. Email us at bizlivepage@bbc.co.uk

Markets down as miners struggle

FTSE graph
BBC

The FTSE 100 has been on a steadily downward dive since opening this morning. It's now down 93 points, or 1.22% at 7,588.

The biggest loser in the blue-chip index is Micro Focus, which has slumped almost 5%, or 67p, to 1,297.

The miners are also struggling with Anglo American down 3%, Glencore 2.,65%, and Antofagasta losing 2.53%.

FTSE 100 closes higher

A trader
Getty Images

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.