Market Report
Anglo American to develop Peru copper mine after $600m stake sale
Anglo American has agreed to sell a stake in its Quellaveco copper project in Peru to Mitsubishi Corporation for $500m that could rise to $600m in order to plough ahead with development.
Thursday newspaper round-up: Banks, Rolls-Royce, fossil fuels, Dixons fines
Banks have been warned that they are set to face tougher penalties for online failures as they continue to shut branches and push customers towards digital services. Regulators will be “less tolerant” if customers endure technical glitches, Nicky Morgan, chairwoman of the Treasury select committee, said yesterday. - The Times .
Rolls-Royce to cut 4,600 jobs with axe falling mainly in UK
Rolls-Royce has announced 4,600 job cuts – mainly in the UK – to save £400m a year in the latest round of restructuring under chief executive Warren East.
Rathbones to buy Scottish wealth manager Speirs & Jeffrey
Rathbone Brothers has agreed to acquire Scotland's largest independent wealth manager, Speirs & Jeffrey, for an initial cash and shares consideration of £104m.
Anglo American selling Quellaveco stake to Mitsubishi, Nigeria trading remains tough for PZ Cussons
London open.
London pre-open: Stocks to slip after Fed, ahead of ECB announcement
London stocks were set for a weaker open on Thursday as investors digested a policy announcement from the Federal Reserve and looked ahead to the European Central Bank's decision later in the day.
Comcast makes $65bn cash offer for Fox to trump Disney
Comcast made a $65bn bid to buy 21st Century Fox’s entertainment assets overnight, trumping an earlier takeover agreed with Disney for just over $52bn.