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Stock Market & Financial Investment News

News Breaks
January 29, 2013
10:30 EDTAAUKYAnglo American confirms Mina-Rio capex; records $4B impairment
Anglo American has completed the detailed cost and schedule review of its Minas-Rio iron ore project in Brazil announced in November. Following its Novembers guidance and the completion of the review, capital expenditure for the Minas-Rio project is projected to increase to $8.8B, if a centrally held risk contingency of $600M is utilised in full. On the basis of the revised capital expenditure requirements and its assessment of the full potential of phase one of the project (excluding at this stage the potential for future expansions to 90 mtpa), Anglo American will record an impairment charge of $4B at 31 December 2012 on a post-tax basis. Despite the challenges the Minas-Rio project has faced, Anglo American is targeting first ore on ship, FOOS, by the end of 2014. Reference Link
News For AAUKY From The Last 14 Days
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April 21, 2015
10:01 EDTAAUKYOn The Fly: Analyst Downgrade Summary
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05:38 EDTAAUKYAnglo American downgraded to Underweight from Equal Weight at Barclays
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April 16, 2015
19:48 EDTAAUKYAnglo American weighs syndication of Quellaveco project, Reuters says
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10:00 EDTAAUKYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Alcatel-Lucent (ALU) downgraded to Buy from Conviction Buy at Goldman... Anglo American (AAUKY) downgraded to Sell from Neutral at Goldman... BAE Systems (BAESY) downgraded to Neutral from Buy at UBS... BHP Billiton (BHP) downgraded to Neutral from Conviction Buy at Goldman... Black Diamond (BDE) downgraded on valuation at Stifel... Boston Private Financial (BPFH) downgraded to Hold from Buy at Sandler O'Neill... Columbus McKinnon (CMCO) downgraded to Neutral from Buy at CL King... CoreSite Realty (COR) downgraded to Hold from Buy at Evercore ISI... Meggitt (MEGGF) downgraded to Sell from Neutral at UBS... Methanex (MEOH) downgraded to Sector Perform from Outperform at Scotia Capital... Nokia (NOK) downgraded to Neutral from Buy at Citigroup... SanDisk (SNDK) downgraded to Sell from Neutral at BTIG... Thomson Reuters (TRI) downgraded to Sector Perform from Outperform at RBC Capital... Turquoise Hill (TRQ) downgraded to Hold from Speculative Buy at TD Securities... Washington Federal (WAFD) downgraded to Neutral from Buy at DA Davidson.
05:46 EDTAAUKYAnglo American downgraded to Sell from Neutral at Goldman
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April 13, 2015
10:00 EDTAAUKYOn The Fly: Analyst Downgrade Summary
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05:33 EDTAAUKYAnglo American downgraded to Sell from Neutral at Citigroup
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