The newly forged iron ore-to-copper empire Glencore Xstrata was forced to slash the value of its assets by $8.5bn (£5.4bn) in the first set of results since the merger that created it.
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Sunday 13 February 2011
Michael Pocock, Yell's new chief executive, will talk up opportunities to expand the heavily indebted FTSE 250 directories group online in next week's third-quarter results.
Thursday 10 February 2011
Shares in the London Stock Exchange soared yesterday after it confirmed plans to merge with TMX Group, which owns the Toronto stock exchange.
Wednesday 09 February 2011
TMX Group, the operator of the Toronto Stock Exchange, says it is in advanced talks to merge with the London Stock Exchange in a deal that would make it one of the world's largest stock markets.
Thursday 13 January 2011
A host of big-name mining firms have agreed to pay higher taxes to help fund reconstruction work in the wake of last year's devastating earthquake in Chile, the world's leading copper producer.
Sunday 26 December 2010
The US takes over two of Britain's market-leading brands: buy-out group KKR pays £955m for Pets at Home, and Cadbury bows to Kraft's £11.5bn offer.
Tuesday 21 December 2010
Tuesday 14 December 2010
Wasn't she a big cheese under Labour?
Tuesday 16 November 2010
Tuesday 16 November 2010
There was cause for cheer among pub groups yesterday, after investors were urged to make merry as analysts forecast a stable future for the troubled sector. Many of the major names saw their share prices rise in the wake of an extensive note from Execution Noble that encouraged the market to "get the pints in". In the research, the broker's analysts upgraded both Punch Taverns and Greene King to "buy", and they dutifully rose 1.05p to 68.1p and 3.6p to 446.8p, respectively.
Sunday 14 November 2010
Pontin’s, the holiday parks firm, has gone into administration it was announced on Friday evening.
Tuesday 09 November 2010
Shell has put a significant portion of its 34 per cent stake in Woodside Petroleum up for sale for $3.3bn (£2bn), fuelling speculation that Australia's largest oil and gas firm could become a bid target.
Sunday 07 November 2010
Friday 05 November 2010
Outlook If only Britain had more Canadian instincts. That presumably is the feeling in Bournville – six months after Cadbury was sold to Kraft, despite a vociferous campaign to keep it British, people will have noticed that the Anglo-Australian mining company, BHP Billiton, has just been told it will not be allowed to buy Potash, the giant Canadian fertiliser business.
Thursday 04 November 2010
The Canadian government has blocked BHP Billiton's $39bn bid for one of the country's biggest miners, PotashCorp of Saskatchewan, bowing to gathering protectionist sentiment over the deal.
Sunday 31 October 2010
All City eyes will be on BP next week as investors look for news on whether the beleaguered oil giant will restore its dividend payment.
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