Sunday newspaper round-up: Rio-Glencore merger, Iran protests, Greenland...
(Sharecast News) - Rio Tinto has been urged not to overpay for Glencore, according to the Sunday Times, after it emerged that the two companies are discussing a possible merger to create the world's largest mining group. The paper cited Tal Lomnitzer, portfolio manager at Janus Henderson, which holds a £500m stake in Rio, who said he didn't see a need for Rio to pursue a deal right now, "unless the price is particularly compelling".
Read MoreUS close: Dow and S&P 500 set new records, Nasdaq hits two-month high
(Sharecast News) - US stocks pushed higher on Friday with the Dow and S&P 500 both setting new records and the Nasdaq closing in its own all-time high despite a mixed bag of economic data, which included weaker-than-expected non-farm payrolls.
Read MoreLondon close: FTSE 100 hits fresh record as mining M&A lifts sentiment
(Sharecast News) - London's FTSE 100 finished at another record high on Friday as speculation about a mega merger in the heavyweight mining sector boosted share prices.
Read MoreHerald launches tender to offer Saba exit route, shares spark
(Sharecast News) - Shares in Herald Investment Trust surged on Friday after the fund unveiled a two-stage plan to enable New York activist hedge fund Saba to make a cash exit while also making sure other shareholders do not find themselves stuck in the trust if Saba eventually takes control.
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