BHP Billiton leads peers higher after world’s biggest miner promises to slash spending to shore up dividends

Mining stocks hammered on Black Monday have clawed back some ground, after major companies announced cost savings that are likely to preserve expected dividend payouts.

Shares in BHP Billiton jumped by 8.5% to £10.49, despite reporting a 52% slump in annual profit to a decade low, after the group said it would slash spending to shore up dividends.

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Source: The Guardian Circular Economy RSS