1. FTSE 100 Live 22 May: Shares close down as inflation makes June rate cut unlikely, Anglo rejects fresh BHP bid

    By Michael Hunter,Daniel O'Boyle and Simon Hunt Higher-than expected UK inflation figures disappointed the City today, with shares closing down as the 2.3% Consumer Price Index reading dashed hopes of a June interest rate cut. Meanwhile, profits surged at M&S in the latest sign of
  2. Boardroom split at BHP over Anglo deal?

    By City Spy Anglo American last week rejected a £31 billion takeover offer by its bigger rival BHP, complaining that the deal was “highly unattractive” with “significant execution risks.” Surprisingly though, that view is also shared among some senior members of BHP, it would appea
  3. FTSE 100 Live 3 May: Index closes at another record as weak US jobs figures boost rate cut hopes

    By Simon Hunt,Graeme Evans and Daniel O'Boyle The FTSE 100 index continues to make progress after posting a new record ahead of key figures on the health of the US economy. The non-farm payrolls report is one of the month’s most important releases for determining the next move on U
  4. BHP's miner-measuring contest

    By City Spy A whopping £31 billion-sized takeover offer for Anglo American got slapped on the table this week under BHP CEO Mike Henry’s plans to create the Biggest Miner In The World. Who’s behind this massive matcho miner-measuring deal? Henry has recruited a team of eight financ
  5. Elliott Management's $1B Anglo American Stake Ups Ante As Mining Megamerger Collapses

    By Stjepan Kalinic Activist investor Elliott Management has quietly built a $1 billion stake in Anglo American (OTCQX: NGLOY ), adding pressure to the UK-listed mining giant after it became the target of a $39 billion takeover bid from BHP Group (NYSE: BHP ). This development emerged
  6. ‘Crisis time’: The London Stock Exchange's £100 billion exodus

    By Michael Hunter Companies worth about £100 billion are on the way out of the London Stock Exchange so far this year, either by being bought up or via moving the main home for their shares overseas, and experts fear there is much more to come. Research by the Evening Standard and
  7. FTSE 100 Live 26 April: Index ends best week of 2024 at another record high, US inflation setback

    By Simon Hunt,Graeme Evans and Michael Hunter Darktrace’s three year stay on the London stock market is set to end after the cybersecurity firm backed a £4 billion takeover by a US private equity firm. The developments came as mining giant Anglo American said it had rejected BHP’s
  8. Analysis-Investors glimpse opportunity in Europe's unloved mining shares

    By: Samuel Indyk LONDON (Reuters) - Investors are finally seeing potential in European mining shares, as China's step-by-step economic stimulus is steadily laying the foundations for a recovery of the unloved sector. The STOXX Europe 600 mining index has fallen 15% this year, makin
  9. South Africa: Silicosis - 68-Year-Old Mineworker Gets Compensation Payout Months Before He Dies

    By GroundUp [GroundUp] Q(h)ubeka Trust winds up after paying out R420-million in compensation following court settlement with employers Vuyo Mpiti* was one of more than 4,000 former Anglo American mineworkers who took their former employers to court to seek compensation for the sil
  10. Analysis-Peru clings to copper No. 2 spot but investment pipeline stalls

    By: Marco Aquino LIMA (Reuters) - Peru is clinging to its spot as the world's No. 2 copper producer and supplier, with a bounce in mining activity helping the Andean country stay just ahead this year of rival producer Democratic Republic of Congo (DRC), which is hot on its heels. T