Mining stocks led gains on the FTSE 350, driven by rising prices of precious metals like gold and silver, and base metals such as copper. Pan African Resources and Hochschild Mining saw notable increases, alongside copper producers like Antofagasta, which benefited from a broker upgrade by JPMorgan. The market optimism was supported by easing geopolitical tensions after reports suggested Iran still seeks a peace deal with the US. This boost in metals prices and mining shares reflects renewed investor interest in the sector.
JPMorgan has placed Anglo American on Negative Catalyst Watch due to rising cost inflation, particularly high freight costs in Brazil and South Africa, which may reduce earnings in H1 2026. The broker also highlighted challenges for Glencore from soa...
Delta Air Lines reported strong Q2 results, surpassing Wall Street expectations despite absorbing $4 billion in higher fuel costs due to geopolitical tensions. The airline benefited from robust travel demand across all segments, including increased t...
American Airlines Group will host a live webcast of its second-quarter 2026 financial results conference call on July 23 at 7:30 a.m. CT. Investors and the public can listen to the call on the company's website, with an archive available afterward. T...
AstraZeneca's Phase III trial for its drug Wainua failed to meet its primary endpoint, causing a 9% drop in its shares and pulling the FTSE 100 into negative territory. The trial aimed to treat a rare heart disease but showed no significant benefit o...
