World Business Briefing: Britain: Earnings Rise at Mining Company
543399
Anglo American reported a 76 percent increase in annual profit as it increased production capacity and benefited from higher metal prices. It also said it would buy back $3 billion worth of its shares. Anglo said profit for 2006 came to nearly $6.2 billion, up from $3.52 billion the previous year. Revenue rose 12 percent, to $38.6 billion. Excluding one-time items, Angloâs profit rose 46 percent, to $5.5 billion. The company did not break out quarterly results. âOur strong performance was due to increased production across the majority of our businesses and higher prices, in particular for base metals, platinum and iron ore,â the chief executive, Tony Trahar, said. Operating profit from gold rose 41 percent, the company said. Operating profit from diamonds was down 21 percent.
282592
UK blue-chips ended the day up, building on Tuesday&#39;s rally, with miners and financials driving gains although Northern Rock remained under pressure, while Wall Street extended its surge, a day after a half-point rate cut from the Fed.
171712
European stock markets have risen as the mining sector here was bolstered by strong metal prices, and despite slight overnight losses on Wall Street.
509399
Leading shares closed higher, with further gains across the miners and fresh M&amp;A talk among financials giving the FTSE 100 a leg-up towards the 6,000 level in thin Labor Day volumes, dealers said.
510151
The investment firm reported strong third-quarter earnings.
525503
British American Tobacco announced Thursday that net profits climbed 7.3 percent last year as the company was bolstered by rising sales in emerging markets.
254889
London equities progressed by midday Wednesday, pushed by strong gains in the mining sector following a Goldman Sachs (NYSE:GS) note on metals prices. Retailers like J Sainsbury remained in focus one day after Tesco issued a somber results statement that sent its stock down nearly 5 per cent.
157136
London equities rose on Friday, supported by fresh bid talk and a resurgent mining sector.
207500
UK Coal more than doubles its half-year profits, thanks to the rising profitability of its mines and property portfolio.
582415
The Royal Bank of Scotland (RBS) said Thursday that net profit rose by 15 percent to 6.2 billion pounds in 2006, boosted by its investment banking arm.
174072
London equities made strong gains on Friday,as fresh bid activity energerised the mining sector and Wall Street futures took off after Microsoft made an offer for Yahoo.
556197
Mining stocks led the FTSE higher on Thursday with Antofagasta, the copper producer focused on Chile, up 3.1 per cent to 476p on talk that a special dividend of up to 40 US cents a share could be paid when full-year results are announced on Tuesday.
662341
BHP Billiton, the world's largest miner has posted a record annual net profit of 10.45 billion US dollars and delivered an upbeat outlook amid unprecedented global demand for commodities.
468964
The world&#39;s biggest mining group, BHP Billiton, says its second-half net profit has more than doubled on strong demand for industrial raw materials and forecast sustained high prices for commodities.
634477
Mining company Anglo American Plc   is handing investors back an extra $5 billion after  meeting forecasts with a 44 percent rise in first-half  earnings, lifting its shares more than 4 percent.
564184
The company raises earnings guidance, boosting the stock.
268554
London equities stayed positive in opening trade on Thursday, with resurgent mining stocks once more dominating the leaderboard.