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...However, some analysts question the share price impact of thermal coal divestments of industry peers Anglo American and Rio Tinto, arguing that the moves have not lifted their shares....
...“The BHP proposal is opportunistic and fails to value Anglo American’s prospects,” said Stuart Chambers, chair of Anglo American....
...The deal, however, would be conditional on Anglo American demerging its South African-based platinum and iron ore divisions, which make up £6bn and £4.2bn, respectively, of the company’s value under the...
...London-listed shares in Anglo American have been down by more than a third since the start of last year, putting its market capitalisation at £29bn, as the company’s De Beers diamond division and platinum...
...BHP has proposed a £31bn deal to buy Anglo American, one of its largest rivals, in a deal that would mark the mining sector’s biggest on record....
...As well as spinning off of Anglo’s South African iron ore and platinum division, BHP said it would review Anglo’s other assets....
...Anglo said that as part of any deal, BHP was proposing spin-offs of two Anglo units — Anglo American Platinum, the platinum division known as Amplats, and Kumba Iron Ore....
...Wanblad has said that “nothing is off the table” when it comes to asset sales or other options to restructure units, of which De Beers and the platinum group metals division are the most troubled....
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...Anglo American Platinum plans to cut 3,700 jobs in South Africa in a bid to cut costs at one of the mining group’s most troubled divisions....
...Anglo American has written down $2.4bn in its diamond and nickel businesses as the gemstone market takes longer to recover and the battery metal suffers from a glut of Indonesian supply....
...which is one of three that recently split from GE, upgraded its operating profit outlook thanks to strong demand in its commercial engines division....
...Despite healthy ebitda improvement in its iron ore and copper divisions Anglo’s ebitda fell nearly a third in 2023 to $10.2bn....
...So Anglo American shareholders would be entitled to a certain number of shares in BHP. But also BHP has proposed spinning off two of Anglo American’s divisions that are based in South Africa....
...Another problem is that Anglo American is known for having somewhat of a “poison pill”....
...What’s more important for both the UK and IB divisions is structural hedge repricing....
...Robert Gordon’s The Rise and Fall of American Growth, which argued that the age of disruptive technology was over, came out around the same time....
...Anglo American Platinum plans to cut 3,700 jobs in South Africa in a bid to reduce costs and turn around fortunes for one of the British mining group’s most troubled divisions....
...European football has become increasingly popular with US investors in recent years, with Americans now owning stakes in dozens of clubs....
...Amazon’s online pharmacy business is benefiting from the frenzied demand for anti-obesity drugs among Americans, according to the division’s head, in a boost to ecommerce giant’s bid to disrupt the $4tn...
...The flagship division recorded a 9 per cent gain in sales in the fourth quarter of 2023....
...Trump would drag the US back “into the chaos, division and darkness that defined his term in office”, Biden said in a statement after most of the results had come in on Tuesday night....
...Dangerous driving: Why are American roads so hazardous? Asks John Burn-Murdoch. It seems poor driving may be a large part of the answer....
...“I’m mostly concerned by the fact that if Europe shows signs of division, it’s a sign to the US. And vice versa....
...The launch comes on the back of sustained growth for Hermès’ watch division and is part of a long-term strategy of pursuing mechanical watchmaking....
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