Latest news with #PeabodyEnergy
Reuters
06-05-2025
- Business
- Reuters
London stocks edge down amid ongoing tariff concerns
May 6 (Reuters) - British stocks edged lower on Tuesday, after a holiday closure on Monday, due to lingering tariff concerns and their economic impact, with attention shifting to upcoming Bank of England and U.S. Federal Reserve policy decisions. By 1019 GMT, the FTSE 100 (.FTSE), opens new tab was down 0.2%, poised to end its 15-session winning streak. The domestically focused midcap index (.FTMC), opens new tab also retreated 0.1%, on track to break its eight-session upward run. Investors have recently hoped for easing U.S.-China trade tensions, but limited details have kept markets struggling to interpret the headlines coming out of the White House. On Sunday, U.S. President Donald Trump slapped a 100% tariff on movies produced outside the United States, while on Monday, he said he plans to announce pharmaceutical tariffs over the next two weeks. Attention now shifts to Bank of England policy decision, with expectations of a 25-basis-point rate cut on Thursday. The accompanying statement will be closely watched, as some investors call for a faster rate-cut approach due to global growth impacts from Trump's tariffs. Meanwhile, U.S. Federal Reserve policymakers are likely to maintain current interest rates at Wednesday's meeting. On the bluechip index, Anglo American (AAL.L), opens new tab fell 4.6%, after Peabody Energy (BTU.N), opens new tab said it may terminate the deal to buy the miner's Australian coal assets due to issues at Moranbah North mine. An index of the UK's industrial metal miners (.FTNMX551020), opens new tab dropped 2%. Oil major BP (BP.L), opens new tab inched up 1% after Bloomberg News reported on Saturday that rival Shell (SHEL.L), opens new tab is working with advisers to evaluate a potential acquisition of the company. Shares of Deliveroo (ROO.L), opens new tab hit an over three-year high, as U.S. meal delivery firm DoorDash (DASH.O), opens new tab agreed to buy the British rival in a deal valued at about 2.9 billion pounds ($3.85 billion). On the data front, Britain's services sector, accounting for much of the economy, shrank in April for the first time since October 2023 and at the fastest pace in over two years, according to a survey that showed U.S. tariff turmoil is hammering exports and sentiment.
Yahoo
06-05-2025
- Business
- Yahoo
Peabody may terminate Anglo American coal assets acquisition over mine fire
US-based coal producer Peabody Energy has raised concerns over its planned acquisition of Anglo American's Tier 1 Australian steelmaking coal assets, citing a material adverse change (MAC) related to the Moranbah North coal mine in Queensland's Bowen basin in Australia. The mine, part of the acquisition, has been inactive since a gas ignition event on 31 March 2025. Peabody indicated that it may withdraw from the agreement if the issues are not resolved within a specified time frame. Last month, Peabody Energy announced that it was reviewing its options regarding the acquisition after the mine fire. Peabody president and CEO Jim Grech said: 'While we have remained on track to complete the steelmaking coal acquisition from Anglo, the issues at Moranbah North have created significant uncertainty around the transaction. "A substantial share of the acquisition value was associated with Moranbah North, yet there is no known timetable for resuming longwall production." Meanwhile, Anglo American has countered by stating that the production halt does not constitute a MAC, based on the definitive agreements signed with Peabody in November last year. Anglo American said in a statement: 'Initial re-entry to Moranbah North mine was completed on 19 April 2025 and Anglo American is continuing to work closely with the safety regulator, Resources Safety & Health Queensland, industry experts and other key stakeholders as we progress towards a structured restart to longwall production once it is determined that it is safe to do so. 'As a result of the progress made to date towards a safe restart and the information available, Anglo American does not believe that the stoppage at Moranbah North constitutes a Material Adverse Change in accordance with the definitive agreements with Peabody. 'Anglo American expects to continue working with Peabody towards addressing its concerns and satisfying the remaining customary conditions in those agreements that are required for completion of the transaction.' "Peabody may terminate Anglo American coal assets acquisition over mine fire" was originally created and published by Mining Technology, a GlobalData owned brand.
Yahoo
05-05-2025
- Business
- Yahoo
Peabody may terminate Anglo coal assets deal over mine fire
(Reuters) - Peabody Energy said on Monday if issues involving Anglo American's Moranbah North coal mine were not resolved to its satisfaction, it may elect to terminate its pending deal to acquire some of the British mining company's Australian steelmaking coal assets. Sign in to access your portfolio
Reuters
05-05-2025
- Business
- Reuters
Peabody may terminate Anglo coal assets deal over mine fire
May 5 (Reuters) - Peabody Energy (BTU.N), opens new tab said on Monday if issues involving Anglo American's (AAL.L), opens new tab Moranbah North coal mine were not resolved to its satisfaction, it may elect to terminate its pending deal to acquire some of the British mining company's Australian steelmaking coal assets. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Globe and Mail
16-04-2025
- Business
- Globe and Mail
BTU, ARLP, VST: Trump Exempts U.S. Coal Plants from Environmental Regulations
American regulations meant to safeguard people and the environment from mercury poisoning and air toxins no longer apply to U.S. coal plants. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. U.S. President Donald Trump has exempted 47 companies from regulations that aim to curb mercury and air toxins produced by coal-fired power plants for the next two years. The exemption was published in a regulatory update issued by the U.S. Environmental Protection Agency (EPA), and is seen as a good news for coal producers such as Peabody Energy (BTU), Alliance Resource (ARLP), and Vistra Corp. (VST). The regulatory exemption is the latest move by the Trump administration to limit industrial compliance with air and water regulations meant to protect people and the environment. Last autumn, the U.S. Supreme Court upheld the 'Mercury and Air Toxics Standard' regulation after a group of Republican states and industry groups launched a legal challenge to try and suspend it. Reviving the Coal Industry President Trump issued the exemption as he tries to revive the coal industry and prolong the life of aging coal power plants across the U.S. Coal-burning plants generate less than 20% of U.S. electricity today, a decline from 50% in 2000, according to the Energy Information Administration (EIA). Natural gas has largely replaced coal as a power source in America. Growth in solar and wind power has also cut into coal's usage. Mercury is a potent toxin that the American Lung Association has said can cause severe developmental harm. Air toxins associated with coal burning can lead to asthma, strokes, heart attacks, and lung cancer. Is BTU Stock a Buy? The stock of Peabody Energy has a consensus Strong Buy rating among four Wall Street analysts. That rating is based on four Buy recommendations issued in the last three months. The average BTU price target of $22.25 implies 76.87% upside from current levels. Disclaimer & Disclosure Report an Issue
