• Most Popular
  • Most Shared

BHP shares surge after buyback announcement

SYDNEY
Tue Feb 6, 2007 6:52pm EST

Stocks

   
A BHP Billiton logo is seen in the foyer of the company's headquarters in Melbourne in this November 30, 2003 file photo. REUTERS/Tim Wimborne

SYDNEY (Reuters) - Shares in BHP Billiton Ltd. (BHP.AX) (BLT.L), the world's top miner, opened 5.3 percent higher on Wednesday after it surprised the market with an additional US$10 billion share buyback.

Hot Stocks

By 2302, the shares were up 5.2 percent at A$28.07, lifting the broader market to an all-time high.

For details: nSYD93686.

($1=A$1.29)



More from Reuters

A man dressed as talks on a telephone during his visit at the Benjamin Bloom National Children Hospital in San Salvador December 17, 2009.

Making the call on stocks

Looking for something special to put under your favorite investor's tree? These shares may provide the best upside surprise.  Full Article 

A customer orders food at the newly opened Island Salad restaurant in Harlem in New York December 16, 2009. REUTERS/Finbarr O'Reilly

Food fight in Harlem

In a neighborhood where hamburgers and tacos reign supreme, one entrepreneur is waging war on obesity -- one salad at a time.  Full Article