4 stories mentioning AAL.LUpdated 12d ago
Every FINWIRES story that references AAL.L, newest first.
HSBC on Friday increased its price target for mining company Anglo American (AAL.L) to 34 pounds sterling from 30.50 pounds, while maintaining its hold rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Panmure Liberum on Tuesday increased mining company Anglo American's (AAL.L) price target to 34 pounds sterling from 30 pounds, while affirming its hold rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
London's FTSE 100 closed 1.26% higher on Monday as the International Monetary Fund increased its 2026 growth forecast for the UK to 1% from 0.8%, while investors also monitored political developments surrounding Prime Minister Keir Starmer."In the UK, Labour's decision to let [Mayor of Greater Manchester] Andy Burnham seek a return to parliament sharpens the leadership crisis facing Prime Minister Keir Starmer after heavy local election losses, which have already prompted intensified calls for him to resign," Danske Bank said."The risk is that a new, further left, prime minister pursues policies that further add to business costs, eroding profit margins and putting upward pressure on inflation," according to Berenberg. "Were a new prime minister to water down or abandon fiscal tightening at the same time, the [Bank of England] would have to set higher interest rates to prevent excess demand and inflation. The resulting combination of higher interest rates and lower profits would result in an inadequate rate of return for companies to invest and hurt the UK's long-term growth prospects."Meanwhile, the UK government and the Gulf Cooperation Council are reportedly nearing a free trade agreement after years of talks, according to London's Financial Times. In an emailed statement to, a UK government spokesperson said negotiations are continuing and remain a priority for the government.In corporate news, mining major Anglo American (AAL.L) dropped 1.36% after agreeing to sell its Australian steelmaking coal mines to Dhilmar for up to $3.88 billion in cash.Pharmaceutical giant GSK (GSK.L) gained 0.75% as Japan's health regulator expanded the eligible age range for its respiratory syncytial virus vaccine, Arexvy, to include at-risk patients aged 18 to 49.Investors will also look ahead this week to UK unemployment data for March on Tuesday, April inflation figures on Wednesday, S&P Global PMI data for May on Thursday, and retail sales numbers on Friday.
Anglo American (AAL.L, AGL.JO) is completing its exit from the steelmaking coal business by selling its Australian coal mine portfolio to UK-registered mining company Dhilmar in a deal worth up to $3.88 billion, as part of a broader strategy to streamline assets ahead of its planned merger with Teck Resources.Under the deal announced Monday, the mining giant will receive an upfront payment of $2.3 billion upon completion and a price-linked earnout of up to $1.58 billion. The company will use the proceeds to reduce net debt.The portfolio mainly includes an 88% stake in the Moranbah North and Grosvenor joint ventures, a 70% interest in the Capcoal joint venture, an 86.36% interest in the Roper Creek joint venture, a 51% stake in the Dawson joint venture, and a 50% interest in the Moranbah South joint venture.Subject to regulatory approvals and pre-emption arrangements, the deal is expected to close in the first quarter of 2027. The upfront cash consideration is subject to normal completion adjustments.Anglo American and Teck announced their planned merger of equals in September 2025, aiming to create Anglo Teck, a Canada-headquartered critical minerals giant focused primarily on copper production. The companies had said the transaction could take 12 to 18 months to complete, with Anglo American shareholders expected to own 62.4% of the combined entity and Teck investors holding the remaining 37.6%."This agreement represents another major step in the simplification of our portfolio ahead of completing our merger with Teck. Through this transaction, we will complete our exit from steelmaking coal, delivering aggregate cash proceeds of up to US$4.9 billion, given the prior completion of the sale of our interest in the Jellinbah mine for approximately US$1 billion," the company said.Anglo American added that it continues to pursue the arbitration with US-based Peabody Energy, which previously agreed to acquire the Australian steelmaking coal portfolio before pulling out of the deal in August 2025 over pricing disagreements.Shares of the company were down more than 1% in early morning trading in London.
