London close: Lacklustre Footsie in late fall
23rd Jun 2009 16:44
Footsie slipped into the red in late trading Tuesday having sat just above the zero mark for most of the day on a lacklustre day's trading. Information conglomerate Thomson-Reuters moved up after it confirmed it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on
Read moreLondon afternoon: Miners provide a lift
23rd Jun 2009 14:15
London remains moderately firmer, helped by expectations of a similarly gentle upward shift on Wall Street when the US market opens and the strength of mining stocks. Information conglomerate Thomson-Reuters is on the upturn after it confirmed it is to delist from the London Stock Exchange and NASD
Read moreLondon midday: Equities firmer on balance
23rd Jun 2009 12:01
London's leading shares continue to defy expectations and trade higher on balance, despite a weak showing overnight from Asian markets in the wake of yesterday's fall on Wall Street. Information conglomerate Thomson-Reuters leads the way. It has confirmed it is to delist from the London Stock Excha
Read moreLondon open: Footsie pushes ahead
23rd Jun 2009 08:50
London's blue chips have made early progress despite predictions they could open lower. Information conglomerate Thomson-Reuters leads the way. It has confirmed it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on the Toronto and New York stock exchanges. Holde
Read moreAnglo turns Xstrata down flat
23rd Jun 2009 07:37
Directors of mining giant Anglo-American appear on a collision course with some of its leading investors after they flatly rejected Xstrata's merger approach last night. In a statement, Anglo described the terms of Swiss-based rival Xstrata's merger approach as "totally unacceptable," adding that t
Read moreTuesday newspaper round-up: Anglo American, Thomson Reuters, RBS
23rd Jun 2009 06:16
Anglo American, the global mining group, flatly rejected Xstrata's proposed all-share "merger of equals", putting itself at odds with several big investors as it labelled the offer from its Anglo-Swiss rival "totally unacceptable" reports the FT. Anglo's blunt rejection of the deal will put pressur
Read moreLondon afternoon: BA runs into turbulence
22nd Jun 2009 14:52
The Dow Jones has opened with a triple digit fall prompting a further softening of prices on this side of the pond. Anglo shares have shot forward on the confirmation of an approach from Xstrata. In a statement, Xstrata said a merger was "highly compelling" and would provide "enhanced scale and fin
Read moreLondon midday: Footsie struggles despite M&A burst
22nd Jun 2009 12:22
Footsie is struggling despite the possibility of a mega mining merger between Anglo American and Xstrata. Anglo shares have shot forward on the confirmation of an approach from Xstrata. In a statement, Xstrata said a merger was "highly compelling" and would provide "enhanced scale and financial fle
Read moreFTSE 100 movers: Anglo soars on merger approach
22nd Jun 2009 12:15
Anglo American shares have shot forward on the confirmation of a merger approach from Xstrata. In a statement, Xstrata said a merger was "highly compelling" and would provide "enhanced scale and financial flexibility to fund future growth" but Anglo seems less than keen so far. Lonmin has taken
Read moreAnglo American leaps on Xstrata approach
22nd Jun 2009 12:15
Anglo American, the world's largest platinum miner, rallied as much as 12% Monday as Switzerland-based rival Xstrata made public a £41bn bid approach. But the proposed tie-up has received a lukewarm response from the London-based, but South African dominated Anglo. Investors sold off Xstrata. In
Read moreLondon open: Lower despite rush of bid activity
22nd Jun 2009 08:31
Footsie has opened lower despite a rush of possible mergers and takeovers including a £41bn mining tie-up. Swiss-based mining giant Xstrata has confirmed an approach to rival Anglo American over a possible merger, but so far has received a lukewarm response from the London-based, but South African
Read moreLondon pre-open: M&A in focus
22nd Jun 2009 07:37
Footsie is expected to open largely flat with investors mulling M&A activity among the blue chips. Swiss-based mining giant Xstrata has confirmed an approach to rival Anglo American over a possible merger, but so far has received a lukewarm response from the London-based, but South African dominat
Read moreXstrata confirms Anglo merger approach
22nd Jun 2009 06:45
Swiss-based mining giant Xstrata has confirmed an approach to rival Anglo American over a possible merger, but so far has received a lukewarm response from the London-based, but South African dominated group. In a statement, Xstrata said a merger was "highly compelling" and would provide "enhanced
Read moreMonday newspaper round-up: Xstrata, Anglo American, Royal Bank of Scotland
22nd Jun 2009 06:14
Anglo American, the mining and natural resources giant, was rehearsing its defence last night against a £41bn merger approach from Xstrata, its Anglo-Swiss rival. Anglo American confirmed a merger proposal from Xstrata but was markedly unenthusiastic, emphasising that the situation "is at a very pr
Read moreSunday newspaper round-up: Xstrata/Anglo American, Brixton, Goldman Sachs
21st Jun 2009 09:27
Mining giant Xstrata has approached arch-rival Anglo American about a £41bn merger that would create one of the world's biggest natural-resources companies. Mick Davis, chief executive of Xstrata, is understood to have written to the board of Anglo last week to propose discussions about a deal aft
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