Cynthia Carroll, chief executive of Anglo American
Cynthia Carroll, chief executive of Anglo American, at the opening session of the World Economic Forum (WEF) in Cape Town, South Africa, June 13, 2007.

Shares in mining firm Anglo American were down on the FTSE 100 after the group posted a rise in pre-tax profit of eight per cent in the half year ended 30 June.

The group reported a rise in revenue of 35 per cent in the period to over $15 billion, while pre-tax profit increased to $3.9 billion.

Net cash from operating activities in the period increased 77 per cent to $2.7 billion, while the group said that its net debt at the end of the period was $10.9 billion.

The group also said that it had reinstated a dividend of $0.25 per share.

By 10:10 shares in Anglo American were down 0.41 per cent to 2,530.50 pence per share.