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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Antofagasta    ANTO   GB0000456144

ANTOFAGASTA (ANTO)
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FTSE retreats from record as sterling rises

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01/02/2018 | 06:15pm CEST
The London Stock Exchange Group offices are seen in the City of London, Britain

LONDON (Reuters) - Britain's top share index fell back from a record high on Tuesday, with dollar-earning exporters hit hardest as sterling rose.

Britain's FTSE index <.FTSE> ended the session 0.5 percent lower at 7,648.10 points, slightly underperforming European peers on the first trading day of the year after a record-setting 2017.

Small caps <.FTSC>, more focused on the domestic economy and therefore less vulnerable to a stronger pound, declined just 0.2 percent, as did mid caps <.FTMC>.

Consumer staples took the most points off the FTSE, just over 19 points, as shares in British American Tobacco (>> British American Tobacco), Diageo (>> Diageo) and Unilever (>> Unilever), declined. They all source a significant portion of revenues from overseas.

"The FTSE will be hoping this is just a blip on its recent record high-hitting run, and not the creeping grip of concern as it heads into what could be a tricky season for updates from its key retailers," Connor Campbell, financial analyst at Spreadex, said in a note.

Volumes were also muted following the end of the holiday season, while the forthcoming launch of a major reform of European Union financial markets on Wednesday also kept trading cautious.

Though miners weighed earlier in the session, they reversed losses with Anglo American (>> Anglo American), Rio Tinto (>> Rio Tinto) and Glencore (>> Glencore) all ending the session with gains of between 1.1 percent and 2.9 percent.

The sector <.FTNMX1770> rallied into the end of 2017, spurred by buoyant metals prices.

However energy group BP (>> BP) was down 1 percent after it said it expected a positive impact on future post-tax earnings from the U.S. tax overhaul, but also a one-off non-cash charge of about $1.5 billion on fourth-quarter results.

"Whilst there is always the chance that the necessary hit turns out to be more, you would imagine the company has been conservative, meaning more likelihood that it in fact turns out to be less," said Mike van Dulken, head of research at Accendo Markets.

Royal Dutch Shell Plc <RDSa.L>, which said last week it would also take a one-off hit but benefit over the long term from the overhaul, was also 0.2 percent lower.

Compass Group (>> Compass Group plc) fell 1.3 percent after world's biggest catering firm's outgoing CEO died in a plane crash on New Year's Eve.

In the airline industry, British Airways owner IAG (>> International Consolidated Airlines Group) added 2.7 percent after it agreed to buy Niki, Air Berlin's (>> Air Berlin Plc) insolvent Austrian holiday airline, for 20 million euros.

For the graphic 'FTSE vs Sterling', click - http://reut.rs/2CFuIaK

(Reporting by Julien Ponthus and Kit Rees; Editing by Peter Graff)

By Julien Ponthus and Kit Rees

Stocks mentioned in the article
ChangeLast1st jan.
AIR BERLIN PLC 5.08% 0.031 Delayed Quote.-18.42%
ANGLO AMERICAN -1.37% 1599.8 Delayed Quote.3.25%
ANTOFAGASTA -0.08% 941.6 Delayed Quote.-6.31%
BP -0.46% 567.3 Delayed Quote.8.53%
BRITISH AMERICAN TOBACCO 2.54% 3960 Delayed Quote.-21.08%
COMPASS GROUP PLC 0.46% 1653 Delayed Quote.3.31%
DIAGEO 0.96% 2883.5 Delayed Quote.5.82%
GLENCORE -1.61% 311.65 Delayed Quote.-20.09%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP -0.55% 687.2 Delayed Quote.5.56%
RIO TINTO 0.39% 4087 Delayed Quote.3.68%
UNILEVER 0.72% 4361.5 Delayed Quote.5.72%
UNILEVER (NL) 1.23% 49.47 Delayed Quote.5.36%
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Financials ($)
Sales 2018 4 969 M
EBIT 2018 1 968 M
Net income 2018 776 M
Debt 2018 555 M
Yield 2018 2,77%
P/E ratio 2018 15,54
P/E ratio 2019 13,34
EV / Sales 2018 2,54x
EV / Sales 2019 2,33x
Capitalization 12 089 M
Chart ANTOFAGASTA
Duration : Period :
Antofagasta Technical Analysis Chart | ANTO | GB0000456144 | 4-Traders
Technical analysis trends ANTOFAGASTA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 12,9 $
Spread / Average Target 4,5%
EPS Revisions
Managers
NameTitle
Iván Arriagada Herrera Group Chief Executive Officer
Jean-Paul Luksic Fontbona Non-Executive Chairman
Hernán Menares Vice President-Operations
Alfredo Felix Atucha Abad Chief Financial Officer & VP-Administration
Gonzalo Menéndez Duque Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANTOFAGASTA-6.31%12 089
VEDANTA LTD--.--%11 256
JIANGXI COPPER-27.17%6 181
KGHM POLSKA MIEDZ SA-18.31%4 909
INMET MINING CORP0.00%3 675
YUNNAN COPPER CO.,LTD--.--%1 897