LONDON, Sept 28- Shares in mining and trading company Glencore fell almost 30 percent and closed at a record low on Monday over concerns it is not doing enough to cut is debt to withstand a prolonged fall in global metals prices. Glencore has said it will suspend dividends, sell assets and raise cash, among other measures, to cut its $30 billion debt pile and protect...
*Analysts expect Anglo American and Glencore dividend cuts. It comes as little surprise, therefore, that miners have been among the worst performers on London's FTSE 100 index of blue-chip companies so far this year. With prices where they are, you wouldn't expect any of the majors to think about big buybacks, "said Nik Stanojevic at British wealth manager Brewin...
Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations.
European shares finished slightly higher Wednesday following positive comments from China's new leaders.
LONDON, Nov 2- European stocks flirted with two-week highs on Friday, supported by hopes a U.S. job report will reassure about the health of the world's biggest economy, opening the door to more gains.
LONDON/ BRUSSELS, Oct 30- Commodities trader Glencore, hoping to speed its $33 billion takeover of Xstrata over its final hurdles, is expected to offer to sell part of the group's zinc assets, meeting a midnight deadline to comply with EU antitrust concerns.
*FTSE 100 down 0.6 percent. LONDON, Oct 10- Global growth worries prodded Britain's top share index lower on Wednesday as a failed merger with a French peer hurt shares in defence and aviation firm BAE Systems.
*FTSE 100 index finishes 0.5 percent lower. *Charts signal FTSE's uptrend intact. were down 0.4 percent after the World Bank cut its growth forecasts for China and as investors prepared for third-quarter earnings, which kick off on Tuesday in the United States with results from aluminium company Alcoa.
*Oil dips below $112 as World Bank cuts Asian growth outlook. LONDON, Oct 8- Stocks and oil prices fell on Monday after the World Bank cut its growth forecast for China, adding to concerns about the outlook for the global economy and corporate earnings.
*FTSE 100 index falls 0.7 percent. Analysts said the FTSE 100. The World Bank also said there was a risk the slowdown in the world's biggest metals consumer China could worsen, triggering a sharp sell-off in UK mining stocks.