Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.

1. Another big dividend cut from Anglo American as turnaround continues

Anglo American [LON:AAL] issued full year results this morning, with the company reporting a modest 5% uptick in revenues as the simplification process continues. Margins remained healthy at 49% for copper and 43% for iron ore but the losses reported last summer continue to mount and once again the dividend has been pared back – although maybe slightly less aggressively than was seen in the interims. The transformation plans are said to be on track and the merger with Canada’s Teck continues in a bid to unlock better shareholder value.

• Is Babcock right to be confident on full year outlook?

2. Positive numbers from SEGRO as occupancy, rents tick higher

SEGRO [LON:SGRO] issued full year numbers this morning, headlining with £99m of new contracted rent commitments, a 6% uptick in like-for-like rental income and occupancy rates rose to 94.9%. Adjusted pre-tax profits added 8.3% whilst shareholders are set to benefit from a 6.1% increase in dividends.

• Is Babcock right to be confident on full year outlook?

3. Forensic audit team join SkinBioTherapeutics investigation

Another note from SkinBioTherapeutics [LON:SBTX] following the rapid departure of its CEO at the end of last week. This latest update announces that FRP Advisory have now been appointed to undertake an independent forensic review to clarify the accounting situation and enable publication of half year accounts. Clearly the business wants to get on top of this but the costs will now be mounting.

• Is Babcock right to be confident on full year outlook?

In case you missed it…

Today we take a look at AIM-listed Tooru which has raised £980k through a recent placing. Chief Executive, Scott Livingston sets out its next phase of growth and development.

Rio Tinto’s results yesterday showed resilience – and their high quality pipeline anchored to the copper price offers plenty of opportunity for growth.

We also take a look at the Scottish American Investment Company which has increased its dividend for the 52nd consecutive year.

Next week’s earnings include Nvidia, Rolls-Royce and IAG.

A note from our sponsor

Trade US and EU stocks commission-free with MEXEM, only £2 flat UK share trades and FX fees of 0.25% with our Stocks & Shares ISA. Trade directly on 160+ global exchanges with true direct market access through Mobile, Web and Desktop platforms powered by Interactive Brokers UK. You can also invest beyond your ISA allowance with a General Investment Account with trading commission starting from just $0.8/£0.8. MEXEM Financial Services UK Ltd is FCA-authorised (FRN 1009371), with eligible client assets protected by FSCS. Capital at risk.

Get free weekly UK company analysis from The Armchair Trader here