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Article: Mining boom to boost earnings at BHP Billiton
- Article from:
- The Independent (London, England)
- Article date:
- August 18, 2008
- Author:
CopyrightCopyright 2008 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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THE WEEK AHEAD
It has been boom time for the heavyweight miners, and analysts
said investors should be looking forward to BHP Billiton's full-
year results today. Charles Cooper at Evolution Securities is
predicting a 56 per cent boost in earnings before interest and
taxation in the second half over the first, as commodity prices soar
and demand continues to grow from emerging markets. "While we expect
BHP will deliver a healthy set of results, next year is also likely
to be strong," he said, adding it was his top pick for the sector.
Every week the miners seem to be involved in some sort of M&A
activity, witness Xstrata going after Lonmin last week and the
ongoing shenanigans between ...