Anglo American PLC (LSE:AAL) said it has sold its entire 19.9% stake in Valterra Platinum Ltd (LSE:VALT, JSE:VAL) via an accelerated bookbuild placing. The miner announced yesterday that it was going to offload the 52.2 million shares of the company previously named Anglo American Platinum or Amplats at a price of 845 rand per share.
An investigation has been launched into Anglo American PLC's (LSE:AAL) planned $500 million sale of its nickel operations in the country to a unit of Hong Kong-listed MMG. The probe by Brazil's competition authority CADE was reported by the Financial Times, which noted that it followed a complaint from competitor CoreX.
All stocks in the market go through their own ebb and flow cycles; there are no exceptions. No investor can escape this behavior, but they can look for opportunities at either end of that pendulum, where most other participants may not be willing to step in, as emotions (like the pendulum swings) are probably at extremes.
Anglo American PLC's (LSE:AAL) plans to slim down its sprawling mining empire have hit a bump after US rival Peabody Energy pulled out of a $3.8 billion agreement to buy its steelmaking coal assets in Australia. Peabody had agreed last year to acquire Anglo's portfolio of metallurgical coal mines in Queensland, but the deal collapsed this week following a gas ignition incident at the Moranbah North mine in March.
AAL adds new routes to Europe and South America for summer 2026, as international air travel demand remains strong.
American is adding seasonal service to Budapest, Prague and Buenos Aires for next summer. Many of American's summer routes were discontinued because of the Covid-19 pandemic.
American Airlines' low valuation and fuel cost relief look tempting, but weak demand, high debt, and cautious guidance keep investors on edge.
Shares in Anglo American PLC (LSE:AAL) fell 2.2% on Thursday after the group reported a 20% decline in underlying earnings for the first half, driven by challenging conditions in the rough diamond market. EBITDA from continuing operations fell to $3 billion, down from $3.7 billion a year ago, as revenue slipped 7% to $9 billion.
One of the market's most sensitive and cyclical industries is arguably the airline industry, as part of the broader consumer discretionary sector. How much consumers spend on travel is directly affected by current situations and future perceptions of inflation and disposable income.
American Airlines CEO Robert Isom on Thursday countered recent negative comments by United's CEO, saying, “We don't run our airline based on other airlines' perception of our business”
American Airlines (AAL) stock was down as much as 10% in Thursday morning's trading session despite pleasantly exceeding Q2 top and bottom-line expectations.
American Airlines (AAL) shares are falling in intraday trading Thursday after the carrier's restored earnings projection for 2025 lagged its earlier forecasts and Wall Street analyst estimates.