JD Sports, Aberdeen and Antofagasta

“Equities opened in negative territory after Black Friday's frenzy of retail-sector sales with oil majors suffering as the price of crude fell ahead of OPEC’s meeting on Wednesday,” says AJ Bell Investment Director Russ Mould.

JD Sports announced a takeover of Go Outdoors for £112.3m, including taking on debt of around £16m. The acquisition marks the group’s latest foray into the outdoor market where its Blacks, Millets, Ultimate Outdoors and Tiso businesses contributed combined revenues of more than £155m in the 52 weeks to 30 January. The vast majority of the group's existing outdoor stores are on the high street and there will be minimal overlap as Go Outdoors has focused on out-of-town retail parks.

Aberdeen Asset Management’s assets under management rose from £283.7bn to £312.1bn in the year to the end of September despite volatile and challenging market conditions. The acquisitions of FLAG Capital, Arden, Advance Emerging Capital and Parmenion have brought wider capabilities and resource to Aberdeen’s alternatives business, while the benefits of improved markets, especially for its emerging market and Asian focused asset classes, and the depreciation of sterling supported assets under management and profit for the year.

Antofagasta has sold the Michilla copper mine in Chile which it closed at the end of last year to Haldeman Mining for $52m. The deal includes the open pit and underground mine and the cathode production plant but Antofagasta will retain the acid terminal and other facilities at Caleta Michilla, which are currently used by its Centinela and Antucoya mining operations.”

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