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....But the second factor – the lack of pressure to make bottom-line profits – cannot be matched. Amazon generates enormous cashflows but its investors are happy to see those returns ploughed into new markets. ... [Read full article on Guardian ]
Sunday 18th of June 2017 06:00:04 AM
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Latest Finance News related to Cashflow

Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
....But the second factor – the lack of pressure to make bottom-line profits – cannot be matched. Amazon generates enormous cashflows but its investors are happy to see those returns ploughed into new markets. ...
More than half of Morrisons investors rebel over executive pay image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:21:25 PM
.... Morrisons also softened targets to achieve bonus payouts for future years, including a cut in the earnings-per-share growth target from 6%–13% a year to 5%–10%. At the same time, a maximum target for adding free cashflow over three years was cut from £1. ...
Oil giants need to invest heavily in renewables by 2035, says analysis image
....Anglo Dutch firm Shell has said its new energies unit will spend $1bn a year on biofuels, hydrogen and renewables by 2020, up from the $200m it spent last year, mainly on R&D. Wood Mackenzie said returns for renewables were about half those of oil and gas production, but the long-life of cashflow from assets such as windfarms could help firms support their dividends. ...
Is M&S being radical enough as it slips out of fashion? | Nils Pratley image
Source : Guardian [Read Article] Wednesday 24th of May 2017 01:40:53 PM
.... If this strategy is “starting to stabilise” market share, as he says, it’s a hopeful sign. So is the 8% improvement in cashflow to £585m. ...
State pension: Axing triple-lock has 'minimal savings and would hit poorest hardest' image
....Furthermore, given future expectations of inflation, the triple-lock is unlikely to have a signifiant cost impact on the state over the next Parliament, said Hyamns Robertson. Partner at the firm, Chris Noon, said: “If the triple lock was removed and replaced by a double lock policy it would be based on a need for short-term cashflow rather than thoughtful policy decision-making. ...
UK holiday parks hope for staycation boom as pound slides image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 06:01:20 AM
....But operators needed to continue investing to attract ever more selective holidaymakers, though this could be challenging for such seasonal businesses, especially among the smaller operators. These businesses often struggled to set cash aside for renovations and additional amenities due to peaks and troughs in cashflow, according to the Ortus report. ...
Even Trump's Twitter binges aren't enough to make it worth $11bn | Nils Pratley image
.... Still, there’s no harm in Walmsley addressing the “perennial question”, as she called it, in her first month in charge. Like Witty, she argued that reliable cashflows from vaccines and consumer products are a natural counterweight to the higher risk and more volatile business of developing pharmaceutical drugs. ...
Southern rail boss paid £495,000 image
Source : Guardian [Read Article] Monday 10th of April 2017 10:09:03 AM
....David Brown, the chief executive of Go-Ahead, the parent company of Govia Thameslink, refused an annual bonus and pay increase in September given the disruption on the network. Go-Ahead’s annual report states: “The directors’ remuneration policy is designed to reflect the group’s performance, with elements of remuneration linked to our strategic priorities, particularly health and safety, customer satisfaction, and operating profit and cashflow. ...
Are these cashback deals  a carrot… or a costly stick? image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....As a general rule, on larger loans a higher pay rate and cashback doesn’t make financial sense. However, a sizeable cashback payment may ease cashflow at what can be a tricky and costly time. ...
Asda imposes harsher terms on suppliers after pound's Brexit slide image
Source : Guardian [Read Article] Thursday 2nd of March 2017 10:25:36 AM
....Some have to borrow to pay staff and settle bills. In some cases it causes cashflow issues and can make the difference between the survival and failure. ...
Fifty Shades Darker sets Britain’s burgeoning sex toy industry abuzz image
Source : Guardian [Read Article] Saturday 11th of February 2017 04:00:19 PM
.... “If we do half as well in the US as we have done in the UK we should be able to double the size of the business,” says Slateford. The retailer receives frequent approaches from potential investors but it is not looking for backers, having paid for warehouses in Brisbane and Atlanta out of its own cashflow. ...
Twitter: not even Donald Trump can help it make a profit | Charles Arthur image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:19:50 PM
.... Nobody can or will buy it while Dorsey is in charge. But with nearly $1bn in the bank, and positive cashflow, Twitter can probably last a little while. ...
Farmers using food banks after government payment delay image
Source : BBC [Read Article] Monday 19th of December 2016 12:48:17 AM
....". The charity Farming Community Network said it was issuing food bank vouchers to those with serious cashflow problems. ...
British Gas owner Centrica says it will beat targets after cost cuts image
Source : Guardian [Read Article] Thursday 15th of December 2016 09:25:19 AM
....Despite volatile energy markets, Centrica now expects adjusted earnings per share of 16. 5p this year and adjusted operating cashflow of £2. ...
UK luxury homes market slumps after Brexit vote image
Source : Guardian [Read Article] Wednesday 7th of December 2016 07:36:12 PM
....Heaton said that the slump in demand for luxury new-builds was likely to have an impact further down the market. “With these top-end sales typically offsetting the cost of providing more modest housing and essential cashflow to reinvest into new development, the chancellor may well struggle to deliver upon his new affordable housing targets as developers begin to face losses,” she said. ...
Theresa May should ignore objections to publishing pay ratios | Nils Pratley image
.... But the approach has its limits. After Aberdeen’s 28% fall in underlying pre-tax profits to £353m, the same-again dividend was barely covered by earnings and its £250m cost will swallow most of the year’s cashflow. ...
Redfern review into housing: worth building on? image
Source : Guardian [Read Article] Tuesday 15th of November 2016 10:01:01 PM
.... The core European operation is finally looking perkier and forecasts for overall top-line profits are intact at €16bn-ish. Yes, debt is enormous but free cashflow covers a dividend that yields 6. ...
Lost riches image
Source : BBC [Read Article] Thursday 27th of October 2016 11:07:39 PM
....But today the company holds a very different record: it has the highest debt of any corporation in the world - in both relative and absolute terms. Its debt of $120bn is more than five times bigger than its ability to generate cashflow. ...
Killer bots image
Source : BBC [Read Article] Monday 3rd of October 2016 11:06:54 PM
....Sage is developing a bot called Pegg that acts as a smart business assistant. It will help small business owners keep track of outgoings and expenses, making tracking cashflow easier. ...

Police Scotland's £21 million budget black hole 'threatens jobs'
 image
Source : Telegraph [Read Article] Tuesday 9th of August 2016 04:27:31 PM
....5 million in the red this year. Nicola Sturgeon announced an £18 million increase in the 2016/17 budget to combat terrorism but this has not stemmed the force's cashflow problems. ...
Building firm Dunne Group collapses with loss of 524 jobs image
Source : BBC [Read Article] Tuesday 19th of July 2016 05:43:26 PM
.... . The Dunne Group faced "severe cashflow issues" and had ceased trading with "immediate effect", its administrators said. ...
Warren Buffett lunch costs $3,456,789 for anonymous bidder image
Source : Guardian [Read Article] Saturday 11th of June 2016 04:15:50 PM
.... The winning bidder is also allowed to bring seven friends to the lunch. Buffett is known for his fondness for investing in mature businesses with steady cashflows, such as insurers, railway operators and consumer goods firms including Coca-Cola. ...
Shell upgrades savings from BG deal image
Source : Guardian [Read Article] Tuesday 7th of June 2016 07:47:13 AM
.... They included $30bn of asset sales, less debt and maintaining Shell’s dividend, which is an important income source for many pension fund investors. Shell, Britain’s biggest company with a market value of £138bn, said that low oil prices were reducing its free cashflow and that this could continue for some time. ...
Building firm Oakleafe clicks with more customers thanks to new online efficiency system image
....“It’s a struggle to get accepted when you are up against the huge construction firms, but a local business award opened the door. For us it means a five-year contract and less pressure on cashflow. ...
The price is right. How much should you charge for your product or service? image
....Pricing low is a temptation for many small businesses but it’s rarely a good move. Slashing prices is a tactic often employed by small businesses trying to get pricing right and though it can increase sales and help cashflow in the short-term, marketing consultant Claire Boyles cautions against falling into the pattern of offering discounts. ...
This time in the euro debt crisis, the IMF will come bearing gifts for the Greeks image
.... It has debt repayments to make this summer and it doesn’t have the money to pay the bills. The European Union can solve this acute cashflow problem by unlocking the funds pledged to Greece under the terms of last summer’s bailout agreement, but it will only do so if Athens demonstrates that it is serious about sorting out its budget. ...
Moss Bros lifted by positive update image
Source : Guardian [Read Article] Friday 20th of May 2016 10:48:14 AM
.... Second, the company has a strong balance sheet with cash reported at £17m at January 2016 (18% of the market capitalisation). Third, the company could become cashflow positive in2017 ensuring that the dividend, currently yielding almost 6%, is able to be increased at the same rate as earnings. ...
BT is just coasting with £6bn wave of broadband investment image
Source : Guardian [Read Article] Thursday 5th of May 2016 06:48:30 PM
.... It sounded commendably dull, as the owner of British Gas should be. It’s just that investors had assumed Conn’s intention to display “capital discipline” meant the new adventure could be funded by internal cashflows. ...
China's factories grow less than expected, raising recovery doubts image
....That in turn had led economists to wonder if the government and central bank would begin to take a less aggressive policy approach after a more than one-year long blitz of fiscal, monetary and administrative stimulus measures. To be sure, the property recovery appears to have spurred demand for building materials from cement and glass to steel, and a recent rebound in commodity prices is bringing in more cashflow for some companies to service their mountains of debt. ...
Nationwide tightens lending criteria for buy-to-let landlords image
Source : Guardian [Read Article] Friday 29th of April 2016 09:56:11 AM
....Alternatively, if they want to borrow up £160,000 at 65% loan to value “they will have to source a property that will yield an extra circa £130 in rent per month”, the lender said. Paul Wootton, the managing director of TMW, said the move was designed to help landlords strengthen their cashflow position “and help them withstand the impact of increased costs from the new tax regime”. ...
Why Three into O2 won't go image
Source : Guardian [Read Article] Monday 11th of April 2016 06:34:20 PM
.... What’s more, there is little evidence that better infrastructure – the prize deal-doers invariably wave – has materialised. Further, mobile companies have maintained healthy cashflow margins above 12% in the UK even while rolling out 4G technology. ...
City News: Brighton pier, Jaguar, Bonmarché image
Source : Daily Express [Read Article] Friday 8th of April 2016 10:08:00 PM
....Johnson, whose company is funding the deal through an £8. 5million placing of new shares and £13million debt financing with Barclays, said acquiring the iconic attraction would provide substantial cashflow for further potential acquisitions. ...
EasyJet slips after update but Shire climbs as deal concerns fade image
Source : Guardian [Read Article] Wednesday 6th of April 2016 09:26:29 AM
.... Next has drifted out of the exclusive club. We have made modest reductions to profit forecasts which now assume full deployment of “surplus” cashflow to buy-backs. ...
Stelios row with Fastjet ratchets up image
Source : Guardian [Read Article] Friday 18th of March 2016 10:53:20 AM
....6% stake in Fastjet, warned that he could take back the brand unless the African carrier resumes the publication of monthly passenger statistics which it stopped in December. In a public letter to Fastjet’s chairman, Colin Child, Haji-Ioannou also demanded to see cashflow and ticket price information on a confidential basis. ...
Hinkley Point branded potentially risky for EDF by French auditor image
Source : Guardian [Read Article] Friday 11th of March 2016 09:29:18 AM
....The report, which focuses on the 2009-2014 period – which includes EDF’s October 2013 agreement with the British government but not its deal in October 2015 with the Chinese utility CGN to take a one-third stake – said the financing around the Hinkley Point deal was potentially risky for EDF. The auditor said EDF’s cashflow and high debt limit its capacity to invest abroad, especially given the huge sums needed to upgrade its ageing French nuclear plants. ...
BAT bucks market fall amid talk of interest in Reynolds America image
Source : Guardian [Read Article] Monday 7th of March 2016 11:44:15 AM
.... We think BAT would want to think carefully about any dilutive raise. Our principal caution around any big moves by BAT at this point in the cycle is that moving for any Developed Market assets like Reynolds or even Imperial means paying for predominantly $, £ and € earnings with Real, Rand and Rouble-denominated cashflows. ...
Fastjet shares plunge on latest profit warning image
Source : Guardian [Read Article] Monday 7th of March 2016 09:05:48 AM
.... But it has taken longer than expected to set up hubs in countries such as Zambia and Zimbabwe. The company said: “Based on current management forecasts, the board expects results for 2016 to be materially below market expectations and the group no longer expects to be cashflow positive for the year. ...
Things look less dreadful at Glencore – but a little humility is in order image
....Related: New-look Barclays: the same, but worse. But cashflow is king for miners these days and Glasenberg was able to boast the company can be “comfortably cash generative at current and even lower commodity prices”. ...
Glencore plunges to $8bn loss amid commodity slump image
Source : Guardian [Read Article] Tuesday 1st of March 2016 08:35:43 AM
....“2017 is going to be very much open to deliberations,” Steven Kalmin, finance director, told Bloomberg. “At some point in time, you get your debt levels down to a reasonable level, you’re generating $3bn-plus of cashflow, then clearly the ability to both make and sustain distributions at some point from a position of strength is going to be on the agenda. ...
BHP Billiton sinks to $5.67bn loss image
Source : BBC [Read Article] Monday 22nd of February 2016 11:36:53 PM
.... . Shaw and Partners analyst Peter O'Connor said: "Given months of anguish and market debate regarding the dividend, we expect that 16 cents while disappointing, is a cashflow positive and therefore will likely be absorbed by the market. ...
Petra Diamonds upbeat despite first-half loss image
Source : Telegraph [Read Article] Monday 22nd of February 2016 01:50:02 PM
.... . But the Southern African company has shrugged off the disappointing trading and concerns over its cashflow, saying it expects a better performance in the second half, as diamond prices firm up. ...
Starting a new business: how to avoid failure image
Source : Guardian [Read Article] Monday 22nd of February 2016 07:15:53 AM
....It’s worth remembering the old business saying “turnover is vanity, profit is sanity but cash is reality”. A shortage of cash is generally what sinks small businesses so learning to monitor your cashflow is critical. ...
Market Report: Traders hold their fire as talks on Britain’s EU future drag on image
.... . “Mr Ashley should consider taking Sports Direct private given the group’s free cashflow generation and underleveraged balance sheet,” said Jefferies. ...
What do markets do when they fear their best hope of salvation? image
Source : Telegraph [Read Article] Thursday 18th of February 2016 07:56:23 PM
.... . Centrica is going to reduce its exposure to exploration and production (E&P) by about a third, which will mean that it doesn’t swallow up almost all the company’s cashflow as it has in the past (helping further support the dividend). ...
Virgin Media reveals 38% leap in profits after record customer growth image
Source : Guardian [Read Article] Tuesday 16th of February 2016 04:52:26 PM
....Tom Mockridge, chief executive, said: “These results demonstrate a strong financial performance. We’ve grown revenue and operating cashflow and improved cost control since becoming part of Liberty Global. ...
New buy-to-let lender uses postcodes to predict risk image
Source : Telegraph [Read Article] Friday 12th of February 2016 10:02:13 AM
.... . However it could expose borrowers to situations where they lose money month after month as their cashflow "turns negative". ...
Enterprise Inns boss dismisses fears over £350m junk bond image
Source : Telegraph [Read Article] Thursday 11th of February 2016 02:50:23 PM
.... . Barclays analysts last week warned stock market investors that Enterprise was the most highly leveraged pub company and cautioned: “We are concerned that if credit markets deteriorate, then the interest cost on refinancing debt could increase, damaging earnings and cashflow. ...
Profits tumble at Jaguar Land Rover despite record sales image
Source : Telegraph [Read Article] Thursday 11th of February 2016 01:20:09 PM
.... There has been a pickup recently but it was the market where JLR was making a significant amount of money, perhaps half of overall profit. So the slowdown there has had a big impact on cashflow. ...
Anglo American share rally dies as iron ore arm reports slump in profits image
Source : Telegraph [Read Article] Tuesday 9th of February 2016 12:52:57 PM
.... . Kumba was shifting from a “volume to a value-based strategy”, he said, with the goal of preserving cash, reducing debt, and boosting free cashflow. ...
Questor share tip: Sell G4S as turnaround falters image
Source : Telegraph [Read Article] Monday 8th of February 2016 05:56:05 PM
.... . G4S has to undertake a major balance sheet restructuring to bring its debts under control, but the company’s dilemma is that it can’t sell too many parts of the business as it would then lose the earnings and cashflow needed to support interest payments. ...
Queensland miners' call for tax relief to save jobs is 'outrageous', say opponents image
.... The industry should have been prepared for the inevitable downturn,” said spokesman Drew Hutton. “Mining is a long-term business and it obviously did a very poor job in managing its cashflow. ...
Shareholders oppose easyJet founder over dividend image
Source : Telegraph [Read Article] Saturday 6th of February 2016 07:10:07 PM
.... “If you’re an investor you should believe in the company’s growth strategy,” the shareholder said. “If you believe in that, then you want the firm to reinvest the cashflow, not just return it to you. ...
From cage fighting to car racing – the extreme ways entrepreneurs unwind image
Source : Guardian [Read Article] Thursday 4th of February 2016 08:13:32 AM
....The self-confessed adrenalin junkie admits he was attracted by the perceived risks involved in the hobby, but it is the clarity of mind that can be achieved during a jump that is the main draw. “When you let go of that plane, you are not thinking of your website or cashflow. ...
Questor share tip: Sell BP shares as oil price heads lower image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 06:14:30 PM
.... . Dividends needs steady cashflow to be affordable and things are getting tight at BP. ...
Oil slowdown to trigger ‘supply crisis’ by 2020, warns bank image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 05:48:14 PM
.... . In addition to preserving cashflow, UBS said companies could be delaying investment decisions in order to take advantage of the deflationary environment to rework projects to reduce costs and improve efficiencies. ...
Startup of the Year 2015-2016 competition entry: myGadgetsandGames image
Source : Guardian [Read Article] Tuesday 2nd of February 2016 04:45:54 PM
.... Not wanting to ease off on the throttle, I decided to cut prices to increase cash flow, lock in profit and then make use of this profit once again. Also, convincing Amazon to disburse our sales receipt daily as opposed to fortnightly further improved cashflow. ...
BP looks ahead to $60 oil after $5.2bn annual loss image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 08:23:10 AM
.... . The firm says it will focus on maintaining cashflow, reducing costs by $7bn by 2017 compared to 2014 and completing total divestments of up to $8bn over the next two years. ...
Ofcom chief reduced to writing in FT to air views on Three-O2 merger image
Source : Guardian [Read Article] Monday 1st of February 2016 07:42:37 PM
....White examined this argument and found no supporting evidence. Mobile companies have maintained healthy cashflow margins above 12% in the UK even while rolling out 4G technology. ...
Questor share tip: Hold BT as it awaits Openreach decision image
Source : Telegraph [Read Article] Monday 1st of February 2016 06:36:30 PM
.... It delivers the majority of the cash and much of the profits for the wider group. Openreach generated 28pc of the group’s revenue, 42pc of the earnings, and 52pc of the free cashflow during the three months to the end of December. ...
Quindell owner in debt restructuring talks image
Source : Telegraph [Read Article] Saturday 30th of January 2016 08:08:52 PM
.... Since then, Slater & Gordon’s woes have mounted. The company has faced questions about its own accounting practices, missed earnings guidance, and failed to update investors on its cashflow position. ...
Quindell’s spectre still looms large for its ill-fated Aussie owners image
Source : Telegraph [Read Article] Saturday 30th of January 2016 04:44:04 PM
.... Since then, the company has abandoned long-standing earnings guidance, prompting a rival law firm to threaten a class-action lawsuit on behalf of shareholders. Last week, the stock plunged again after it failed to meet a self-imposed deadline to update investors on its cashflow. ...
Shell votes yes to £35billion BG takeover image
Source : Daily Express [Read Article] Thursday 28th of January 2016 12:01:00 AM
....” . Shell’s chief financial officer Simon Henry said that every $10 decline in the price of a barrel of oil would knock $4billion off the combined group’s cashflow. ...
Shell shareholders vote for BG Group takeover despite opposition image
Source : Guardian [Read Article] Wednesday 27th of January 2016 02:25:18 PM
.... Despite this, there was a note from analysts at investment bank Barclays Capital recommending buying the shares. “Shell is clearly not exempt from the squeeze in earnings and cashflow faced by the industry, but with the acquired assets it is likely to have more levers than most to pull through the downturn. ...
A chance to buy into US investing guru Gabelli at a discount  image
Source : Telegraph [Read Article] Thursday 21st of January 2016 10:35:03 AM
.... It seeks out companies poised to benefit from a “catalyst” that could bring about a jump in the value of their shares, when those shares are currently trading at a discount to their “private market value”. Private market value is discerned from examining fundamentals such as earnings, assets and cashflow, but also includes the premium that a private buyer would pay for the company. ...
Asos shares slip despite 22% sales growth image
Source : Guardian [Read Article] Thursday 14th of January 2016 11:49:25 AM
....The company is now of a meaningful size with sales forecast at over £1. 3bn in 2016, has relatively strong cashflow and a ‘state of the art’ logistics infrastructure. ...
....1 billion globally in 2014, according to Henderson Global Investors. However, a near 75 percent slump in Brent crude prices since mid-2014 has shrunk the market capitalisations of oil companies, putting cashflow under pressure. ...
Questor share tip: Fenner is 'broken record' on profit warnings image
Source : Telegraph [Read Article] Wednesday 13th of January 2016 05:57:46 PM
.... . Customer spending on these components will not be hit as hard so cashflow is quite resilient. ...
FTSE higher despite China fall, with BAE up on defence spending hopes image
Source : Guardian [Read Article] Monday 11th of January 2016 09:55:54 AM
....7p as JP Morgan cut its rating from overweight to neutral. On the positive side, Qinetiq has strong free cashflow and an attractive dividend yield, as well as a strong balance sheet which means it can make acquisitions or return cash to shareholders. ...
Do you need financial therapy? image
Source : Guardian [Read Article] Tuesday 5th of January 2016 06:00:00 AM
.... The solution is clearly to pay it off, but it’s not quite happening and Gnessen thinks this is related to my negative feelings about the situation. I make hefty monthly repayments because they make me feel better initially (I’m tackling this problem!) but on an unpredictable freelance income they often end up leading to cashflow problems and more borrowing further down the line; cue more worry. ...
100,000 British firms owed £16bn they may never recoup image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 05:25:13 PM
.... Small business owners are among the hardest hit by bankrupt customers  Photo: PHOTOLIBRARY. The UK’s smallest businesses, with between two and five staff, are also the most likely to be owed money by five or more insolvent firms, despite being the least capable of dealing with the strain on cashflow. ...
Questor share tips for 2016 image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 07:00:50 AM
Shell on course to complete £35bn takeover of BG by February image
Source : Guardian [Read Article] Tuesday 22nd of December 2015 07:04:10 PM
....Shell also said its capital spending in 2015 would total $29bn, in line with its previous expectations for it to be below $30bn. Looking ahead Shell expects the BG deal to add positively to cashflow in 2016, assuming oil prices do not drop below $50 a barrel on average. ...
Questor's biggest investment mistakes of 2015 image
Source : Telegraph [Read Article] Monday 21st of December 2015 07:46:49 PM
.... The final straw was a poorly communicated issue of £285m bonds in early December. The raising of long term finance was a sensible move, but investors were left scratching their heads as to why this expensive debt was needed when all these new content assets should have brought plenty of cashflow with them. ...
Red tape and taxes force Tungsten out of banking  image
Source : Telegraph [Read Article] Wednesday 16th of December 2015 03:21:44 PM
.... . The company, which helps businesses manage their cashflow, had hoped that acquiring the bank in 2012 would give it access a large, cheap pool of deposits, enabling it to lend to more businesses who use its invoice financing services. ...
Glencore's Ivan Glasenberg eyes China rebound, but slashes debt just in case image
Source : Telegraph [Read Article] Thursday 10th of December 2015 07:56:52 PM
.... Ever defiant, he pronounced the company to be in “great shape”, able to generate $2. 3bn of free cashflow even at today’s bombed-out prices for copper, zinc, nickel and coal. ...
Anglo to slash 85,000 jobs as it faces WORST SLUMP in commodity prices in a decade image
....The FTSE 100 miner is also suspending its dividend payout for the second half of this year and through 2016 as it is forced to dig deeper to combat softening demand for metals from emerging economies such as China. Anglo, whose operations include iron ore, diamonds, coal, copper and nickel, said it plans to reduce its portfolio of assets by 60 per cent to focus on a smaller pool which can generate cashflow. ...

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