Latest news with #AtalayaMiningCopper
Business Recorder
3 days ago
- Business
- Business Recorder
FTSE 100 rises after US-China trade truce extension; key economic data in focus
Britain's blue-chip index rose on Tuesday as an extended U.S.-China tariff truce bolstered investor sentiment, while markets also focused on the day's key economic data releases. As of 0947 GMT, the blue-chip FTSE 100 gained 0.3% and the midcap index was little changed. The 90-day extension of the tariff truce between the world's two largest economies provided temporary relief to investors about global trade, effectively postponing potentially damaging triple-digit duties on Chinese exports to the U.S. In UK markets, Spirax surged 13%, leading gains on the blue-chip index, after the manufacturing group forecast organic sales growth accelerating in the second half of the year on a strong order book. Bellway inched 1.4% higher after it expects to build more homes in its new financial year. The outlook lifted the broader UK housing sector index by 0.7%. London-listed Atalaya Mining Copper climbed 7.1% after the miner raised its copper production outlook for the financial year 2025, lifting the broader industrial metal miners index by 0.5%. Economic data on the day revealed Britain's jobs market continues to soften, with payrolls declining for a sixth consecutive month and vacancies decreasing further. However, persistent wage growth underscored the Bank of England's cautious approach toward interest rate cuts. With the central bank's policymakers split over the risks of a hiring slump and a pickup in inflation pressures, the new figures pointed to a continued cooling of the labour market, albeit less sharply than in recent months. Investors now await U.S. inflation data release, which is expected to begin reflecting tariff-driven cost pressures in the world's largest economy as companies pass on expenses to consumers. Back home, the technology sector led sectoral declines, falling 0.7%. Among other stocks, gambling firm Entain dropped 3.6% despite forecasting its annual core profit outlook above market expectations.
Yahoo
20-03-2025
- Business
- Yahoo
Atalaya Mining Copper Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: €326.8m (down 4.0% from FY 2023). Net income: €31.7m (down 18% from FY 2023). Profit margin: 9.7% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. EPS: €0.23 (down from €0.28 in FY 2023). Copper Production: 46,227 t (51,667 t in FY 2023) All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 28%. Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in the United Kingdom. Performance of the British Metals and Mining industry. The company's shares are up 7.0% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Atalaya Mining Copper's balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
