BHP tipped to cut spending as rout bites

Original article by Amanda Saunders
The Australian Financial Review – Page: 13 : 24-Aug-15

BHP Billiton will unveil its annual results on 25 August 2015. The company is expected to announce weaker revenue and profit because of depressed commodity prices. Its cost-cutting target is likely to be raised, from the current level of $US4 billion ($A5.4 billion) by 2017. BHP may experience difficulties with adhering to its policy of increasing or at least maintaining its dividend in US dollar terms.

CORPORATES
SOUTH32 LIMITED – ASX S32, FORTESCUE METALS GROUP LIMITED – ASX FMG, OIL SEARCH LIMITED – ASX OSH, DEUTSCHE BANK AG, WORLEYPARSONS LIMITED – ASX WOR, PALADIN ENERGY LIMITED – ASX PDN, UBS HOLDINGS PTY LTD, BHP BILLITON LIMITED – ASX BHP

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