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Glencore surprises with larger dividend but bumper profits disappoint
Glencore declared a $2. 9bn dividend to be paid out in two equal instalments in 2018 as the commodities giant's much-improved balance sheet left it feeling more confident about the future.
Market buzz: Carney's inflation chat sends pound higher
1645: After starting in the red, the FTSE 100 has steadily strengthened as the session wore on. It finished at 7,281. 57, up 34. 8 points or 0. 48%. Here's a closing comment from market analyst Joshua Mahony at IG. "With a morning’s worth of disappointing eurozone PMI surveys, we have seen Carney’s inflation report testimony drag EURGBP lower despite today’s jump in UK unemployment. While Carney’s expectation of three rate rises over the next three years will grab the headlines, the fact that the bank aims to be ‘nimble’ given Brexit uncertainty points towards a strong chance we may never see all three hikes materialise should a preferential deal not be achieved.
Thursday preview: Barclays, Centrica, Playtech and Serco results in focus
Continuing the series of banks reporting this week, Barclays results on Thursday come alongside those from Anglo American, BAE Systems, British American Tobacco, Centrica, Playtech, RSA Insurance and Serco.
Stirring wage growth and rising unemployment reduce odds of rate hike
UK unemployment increased unexpectedly at the end of last year but wage data was mixed, which may stoke some further speculation about the Bank of England's likely path for interest rate hikes.
Polymetal agrees first offtake from Kyzyl development
Polymetal International has signed its first offtake contract for concentrate from its Kyzyl development project in East Kazakhstan, which is expected to begin production in the third quarter of 2018.
AA slams brakes on dividend as it swerves in new direction
The AA slashed its dividend as the roadside assistance group warned profits would be lower as it makes a strategic swerve down a new route.