Reuters UK Business

By Clara Denina, Felix Njini and Melanie Burton LONDON/JOHANNESBURG/MELBOURNE (Reuters) – Mining group BHP Group on Wednesday walked away from its $49 billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit. BHP’s aim was to secure Anglo’s prized copper assets in Latin …

BHP walks away from $49 billion pursuit of mining rival Anglo Read More »

By Yadarisa Shabong (Reuters) -The owner of Britain’s Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world’s oldest postal firms. The offer valued International Distributions Services, owner of Royal Mail and international parcels network …

Royal Mail owner agrees to $4.6 billion takeover by Czech billionaire Kretinsky Read More »

By Huw Jones LONDON (Reuters) – Companies should not share market-sensitive information with external analysts ahead of financial statements, the European Union’s securities watchdog said, in its first such warning, following cases of share volatility linked to such disclosures. The European Securities and Markets Authority (ESMA) said on Wednesday companies should be aware of EU …

EU markets watchdog warns companies over ‘pre-close calls’ with analysts Read More »

By Pranav Kashyap and Purvi Agarwal (Reuters) -London’s blue-chip stocks dropped on Wednesday for the six straight session as traders pared back bets on the timing of Federal Reserve interest rate cuts, while Anglo American fell after Australian resources giant BHP Group walked away from its $49 billion takeover pursuit. Anglo shares fell 3.0%. Earlier …

London stocks fall as rate cut jitters weigh, Anglo rejects BHP Read More »

LONDON (Reuters) -Sterling hit its strongest level against the euro since before 2022’s mini budget crisis on Wednesday, as the pound held steady while the single European currency dropped following German regional inflation data. The euro dropped as much as 0.3% to 84.48 pence, its lowest since August 2022, also trading lower against the dollar, …

Pound at highest on euro since before 2022 mini budget crisis Read More »