|August 19, 2014|
|05:57 EDT||BHP||BHP Billiton reports FY14 underlying profit $13.45B vs. $12.21B last year|
BHP said capital and exploration expenditure is expected to decline to $14.5Bin the 2015 financial year and be no more than $14B should the proposed demerger be implemented. "By maintaining an internal focus and concentrating investment in our major basins we believe an average rate of return of greater than 20% is achievable for our favoured development options," the company said. It added, "With robust volume growth and further productivity gains expected, we remain confident in the outlook for the Group. On this basis, we increased our full-year progressive base dividend by 4% to 121 US cents per share for an Underlying payout ratio of 48%. We will seek to steadily increase or at least maintain the dividend per share in US dollar terms at each half-yearly payment following the demerger, implying a higher payout ratio."
News For BHP From The Last 14 Days
|October 27, 2014|
|07:28 EDT||BHP||BHP Billiton says could sell Fayetteville shale gas assets|
BHP CEO Andrew Mackenzie said in a statement, "As we look to improve the balance of liquids and gas across our Petroleum portfolio we have initiated the marketing our Fayetteville acreage. However, we will only divest the field if it maximizes value for shareholders."
|October 21, 2014|
|17:58 EDT||BHP||BHP Billiton Q1 iron-ore output up 17% YoY to 57.09 tons|
|17:56 EDT||BHP||BHP Billiton Q1 copper output down 3% YoY to 389,400 tons|
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|10:00 EDT||BHP||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
|05:31 EDT||BHP||BHP Billiton downgraded to Hold from Buy at Jefferies|
Jefferies downgraded BHP Billiton to Hold saying it sees limited near-term upside after cutting its commodities price estimates.