News

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.

BHP promises not to overpay for Canada's PotashCorp

Marius Kloppers refused to rule out a higher bid for PotashCorp of Saskatchewan yesterday, but warned that BHP Billiton would not overpay for the world's biggest fertiliser maker.

BHP Billiton hopes jump in profits will help PotashCorp bid

BHP Billiton is hoping that a huge jump in annual profits, set to be announced this morning, will be enough to frighten off any potential rivals for Potash Corporation of Saskatchewan, which last week rejected a $38.5bn (£24.9bn) bid from the mining giant.

PotashCorp pins hopes on white knight offer

Potash Corporation of Saskatchewan reasserted its opposition to BHP Billiton's $38.5bn (£25bn) takeover bid yesterday, insisting that other companies are waiting to make a counter offer.

Australian vote heightens tax uncertainty

Several FTSE 100-listed resources companies are set to face nervous markets this morning, in the first day of trading since Australia's indecisive election result over the weekend raised the spectre of more changes to Canberra's planned super-tax on mining industry profits.

Sinochem set to gatecrash BHP's Potash takeover

Sinochem fired the opening salvo in what could escalate into a full-scale takeover battle for Potash Corporation of Saskatchewan, as the Chinese chemicals group said it was watching BHP Billiton's $38.5bn (£25bn) hostile offer for the Canadian company.

BHP Billiton urged to go higher in bid for PotashCorp

Canadian investors yesterday pressed BHP Billiton to increase its now hostile offer for PotashCorp, warning that the mining giant's $130-a-share bid for the fertiliser company would be insufficient.

David Prosser: Bet on BHP to pull out all the stops to clinch Potash deal

Outlook That didn't take long. A day after BHP Billiton had its bid for Canada's Potash Corporation turned down, it went hostile, promising to pitch its $40m (£25m) offer for the company directly to shareholders.

BHP goes hostile with $40bn PotashCorp bid

BHP Billiton has turned hostile with the $40bn (£26bn) cash offer rejected by the Canadian fertiliser giant Potash Corporation as "highly opportunistic" and "grossly inadequate".

Potash demands 'big boy price' as it says no to BHP's £25bn bid

BHP Billiton will not be allowed to "steal" Potash Corporation of Saskatchewan, the Canadian company's chief executive warned yesterday, describing the mining giant's $38.5bn (£25bn) offer as "grossly inadequate".

Vedanta plans set back by tribal rights commission

Plans by Vedanta Resources to build a bauxite mine in the Indian state of Orissa were dealt a new blow yesterday when a government-appointed panel advised against the project.

Vedanta close to Indian oil deal

Cairn Energy is poised to sell its Indian oil fields to Vedanta Resources for £5bn, in a deal that will net the explorer's shareholders a windfall of at least £1bn.

Vedanta plotting a move into oil with a £4bn stake in Cairn India

Vedanta resources, the Indian mining company, is set to move into the oil business within the next few days if it can finalise a deal for a majority stake in Cairn India.

Rio Tinto to spend $790m on Pilbara

Rio Tinto said yesterday that it plans to invest a further $790m (£495m) in its iron ore project at the massive Pilbara site in Western Australia.

Market Report: North American worries take the fizz out of Rexam

Worries over weakness in North American volumes weighed on Rexam, the beverage cans maker, which ended at the bottom of the blue-chip index last night.

Australian Prime Minister to call snap election

The Australian Prime Minister, Julia Gillard, is expected to call an election today, taking advantage of a rebound in support for her Labor party – narrowly ahead in opinion polls – and a robust economy.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 30 January 2015
Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee