uptrend resumes?, page-109

Notice Anglo American copping it in the UK and had a surf and found this...

"From Times OnlineJanuary 9, 2009

Anglo American dives on divi fear Robert Lindsay

Anglo American lost 6 per cent to £15.18 after Merrill Lynch cut from buy to underperform slashing its price target from £20.50 to £13.

It said that weak commodity prices were putting earnings pressure on hte miner and said it would underperform the sector and may even cut its dividend with results on February 20. If commodity prices fall even further, which it said was unlikely, it may have undertake a rights issue, Merrills warned.

Anglo was also hurt by a downgrade of its South African listed subsidiary Anglo Platinum by Nomura, whose analysts said it had not yet shut down enough platinum mines to meet falling demand.

Miners were all under the cosh with Xstrata down 6 per cent and Vedanta down 4 per cent.

That helped drag down the FTSE 100 which was off 16.53 at 4489.02 ahead of non farm payroll figures from the US.

Wolseley lost 4 per cent after Deutsche Bank cut its earnings forecasts on weak residential and non residential construction figures in the US.

BSkyB fell 3.5 per cent after Goldman Sachs warned it would be vulnerable to the first recession for pay-TV Britain has even seen, with customers potentially cancelling their subscriptions. It put it, ITV and Pearson on its conviction sell lists but said WPP, up 3 per cent and Informa flat at 262p were conviction buys.

It also upgraded Yell, up 9 per cent to 56.75p, to buy.

HBOS was up 6 per cent and Lloyds TSB up 4 per cent ahead of their Government bailouts due today.

BBA Aviation was the top performing midcap, up 26 per cent after a strong trading statement."

Surely its only a matter of time for BHP..