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xstrata plc.

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Budget hotel success key for Whitbread
Investment Column Our view: Hold Share price: 817.5p (+55.5p) Whitbread, the owners of Costa Coffee and Premier Inn, continues to attract hard-pressed customers into its coffee shops and budget hotels, despite the tanking consumer economy. Yesterday, the company posted total sales...
Tags: Whitbread Plc., Xstrata Plc.
Research articles 2008-12-09
Xstrata walks away from bid for Lonmin
Briefing MINING Xstrata has abandoned its 5.6bn takeover of rival Lonmin, thelatest deal to collapse from the deteriorating state of the financial markets. The Anglo-Swiss group was forced to drop its interest because a significant proportion of debt taken on to finance the deal would have to...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-10-02
Xstrata drops Pounds 5.6bn Lonmin bid but raises stake to block
Miner blames state of the credit markets for withdrawal XSTRATA, the Anglo-Swiss mining giant, has walked away from its 5.6bn hostile pursuit of Lonmin, blaming the parlous state of the credit markets. Yet analysts believe it will come back to the table after building a blocking stake...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-10-02
Struggling Debenhams 'may cut dividend'
Market Report MERRILL LYNCH resumed coverage on Debenhams yesterday, forecasting a fall in earnings and highlighting the prospect of a cut in the department store's dividend. "Other retailers' margin-protection strategies are likely to lead to increasing competition, which, coupled with a weak consumer [environment] and...
Tags: FTSE, HBOS Plc., Lonmin Plc., Xstrata Plc.
Research articles 2008-10-02
Persimmon leads rally on hope of rate cut
Market Report PERSIMMON led the housing sector higher after Citigroup said that, given the turmoil in the financial markets, there was a "decent chance" of an emergency reduction in interest rates. The broker said that European central banks, including the Bank of England and the...
Tags: Fortis N.V., Lonmin Plc., Xstrata Plc.
Research articles 2008-10-01
Xstrata drops bid for Lonmin, citing credit uncertainty
ZURICH AFP — Swiss mining giant Xstrata on Wednesday said it was dropping a bid for British platinum producer Lonmin in view of tightening credit and the ongoing financial turmoil. But later on the same day, it said it had spent 440 million pounds (786 million dollars) acquiring 14.2...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-10-01
Lonmin's chairman says Xstrata's Pounds 5.6bn takeover bid
Lonmin sought to bolster its defence against Xstrata's $10bn (5.6bn) takeover approach yesterday by suggesting that the company valued its own stock at about 7 a share more than the hostile proposal. The world's third-biggest platinum producer urged investors not to accept Xstrata's 33-a-share proposal, which was made...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-09-03
Business Digest
Tumble in car sales hits US main street *US retail sales fell in July, as the benefits of the one-time tax rebate from the federal government began to fade. Another big fall in car sales contributed to a 0.1 per cent decline in overall retail sales, although excluding...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-08-14
Another day of discounts for retailers' shares
MARKET REPORT RETAILERS winced as the Bank of England signalled there will be no early interest rate cuts yesterday, thereby dashing any hopes of spending picking up in the high street. There was similar retail gloom in the US after sales in shops fell to...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-08-14
$10bn Lonmin takeover has investor support, claims Xstrata insider
Platinum miner accuses rival of 'guerrilla tactics' - but predator says eight out of nine major shareholders support a merger bid Mining giant Xstrata has the support of eight of the nine biggest Lonmin shareholders for its $10bn (5bn) tilt at the platinum producer, says an insider....
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-08-10
Dana surges as M&A spotlight falls on oil firms
MARKET REPORT Dana Petroleum, up 5.72 per cent or 73p at 1,350p, was strong yesterday as the market turned its mind to the potential for mergers and acquisitions in the oil and gas exploration and production space. Following recent bid activity in other, undervalued sectors,...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-08-08
Shares in Lonmin soar 48% after it rejects Pounds 5bn Xstrata offer
PLATINUM PRODUCER Lonmin firmly rejected a hostile 5bn bid from the mining heavyweight Xstrata yesterday but it faces an uphill battle to retain its independence. Analysts believe that Xstrata is on the cusp of success and a small increase in its offer will secure victory. Lonmin has looked...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-08-07
Vale turns $30bn spotlight on Anglo American
MARKET REPORT Potential interest from Vale, the Brazilian miner which tried to take over Xstrata earlier this year, turned the spotlight on Anglo American yesterday. A report in the Brazilian press, which suggested that Vale was close to raising $30bn (15.4bn) to fund an acquisition, sparked...
Tags: Barratt Developments Plc., FTSE, Xstrata Plc.
Research articles 2008-06-11
London
WORLD MARKETS The FTSE 100 closed 2.9 per cent lower - down 184.9 points at 6,191.6 - for its biggest one-day fall since mid-March, as investors dumped overheated mining stocks. Antofagasta, BHP Billiton, Rio Tinto, Anglo American, Xstrata, Vedanta Resources, Kazakhmys, Lonmin and ENRC lost between 4.5 and...
Tags: Antofagasta Plc., BHP Billiton, Lonmin Plc., Rio Tinto, Xstrata Plc.
Research articles 2008-05-21
London
WORLD MARKETS The FTSE 100 fell 0.5 per cent as growth concerns hit commodity shares, but beaten-down banks recovered earlier losses. The index declined 32.9 to 6,050.7, after earlier falling 2.2 per cent. BHP Billiton, Rio Tinto, Anglo American, Eurasian Natural Resources, Xstrata, Antofagasta and Lonmin were down...
Tags: Antofagasta Plc., BHP Billiton, Lonmin Plc., Rio Tinto, Xstrata Plc.
Research articles 2008-04-25
London
WORLD MARKETS The FTSE 100 fell more than 1 per cent as economic concerns pulled down banking and mining shares, but bid talk buoyed hotel and coffee-shop chain Whitbread. The blue-chip index slipped 63.9, or 1.1 per cent, to 5,831.6 for its fifth successive decline. Among miners, Kazakhmys...
Tags: Whitbread Plc., Xstrata Plc.
Research articles 2008-04-15
WORLD MARKETS
London The FTSE 100 fell after the collapse of takeover talks knocked miner Xstrata while banks sank on profit-taking in the wake of the previous session's roaring rally. Xstrata shed 5.2 per cent. Barclays and Royal Bank of Scotland declined 3.1 per cent. The FTSE 100 closed at...
Tags: Bank of China, Xstrata Plc.
Research articles 2008-03-27
Lonmin in spotlight after Xstrata-Vale talks end
MARKET REPORT The end of the Xstrata-Vale saga drew much attention yesterday, sparking speculation about Vale's next move and, notably, refocusing minds on the Anglo-Swiss miner's predatory streak. "It's entirely plausible to think that they may return to their roots," said one market source, adding: "They...
Tags: Lonmin Plc., Xstrata Plc.
Research articles 2008-03-27
London
WORLD MARKETS The FTSE 100 ended up sharply, powered by miners that were led higher by takeover target Kazakhmys, which rose 16 per cent. The blue-chip index closed up 86 at 5,776.4, shrugging off Alistair Darling's first Budget. BHP Billiton, Rio Tinto, Anglo American, Xstrata, Lonmin and Vedanta...
Tags: BHP Billiton, Lonmin Plc., Rio Tinto, Xstrata Plc.
Research articles 2008-03-13
HSBC to reveal record profits - and bad debts
THE WEEK AHEAD HSBC will mark the end of the banking sector reporting season today, revealing a record $16bn (8.1bn) of bad debts on the back of the credit crunch. Nevertheless, HSBC is a truly global bank, and, while conditions have proved tough in the US, the group...
Tags: Sportingbet Plc., Xstrata Plc.
Research articles 2008-03-03