BHP Billiton leads peers higher after world’s biggest mining company promises to slash spending to shore up dividendsMining stocks that were hammered on Black Monday clawed back some ground on Tuesday after major companies announced cost cuts that are likely to preserve expected dividend payouts.
Shares in BHP Billiton jumped by 5.5% to £10.21 – despite the world’s biggest mining company reporting a 52% slump in annual profits to a decade low – after the group said it would slash spending to shore up dividends.
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Source: theguardian.com