Miners and Stagecoach among key events in Wednesdays schedule

The mid-point of the week will see more updates from the blue-chip miners, namely Antofagasta PLC (LON:ANTO) and Fresnillo PLC (LON:FRES), alongside results from transport operator Stagecoach Group PLC (LON:SGC).

Antos update follows a U-turn for the copper king in May when it suspended its final dividend for 2019 because of an increase in the number of new coronavirus infections in Chile, where the company has its major operations.

Shares in Fags are up 9% since the start of the year, meanwhile, for Fresnillo, a precious metals specialist, its shares have zoomed almost two thirds higher since the start of the year.

The Mexican miner saw both silver and gold production fall last year and said in May that its response has been to increase the pace and scale of investments to bring production “back to acceptable levels in the short-term and to achieve steady growth in future years”, with operations continuing through the pandemic.

Stagecoach braces for final figures

Full-year results from Stagecoach on Wednesday are unlikely to contain much positivity in terms of numbers, although they will provide clarity on just how hard the bus and train operator has been hit by the coronavirus pandemic, which has almost ground the UKs public transport system to a halt amid a sharp decline in passengers.

With the lockdown easing, investors are likely to focus on the groups outlook for its operations as people begin to step outside and travel more, although the rise in working from home practices could prove more difficult to overcome as commuter traffic may not recover to its pre-pandemic levels.

The company may also provide an update on its cash balances and any additional goverRead More – Source

Show More

Related Articles