BHP Aug 2024 60.000 call
- Evening Standard
FTSE 100 Live 22 May: Shares close down as inflation makes June rate cut unlikely, Anglo rejects fresh BHP bid
Higher-than expected UK inflation figures disappointed the City today, with shares closing down as the 2.3% Consumer Price Index reading dashed hopes of a June interest rate cut. Meanwhile, profits surged at M&S in the latest sign of its recovery, while British Land and Severn Trent also reported their results. There was also a fresh twist in the bid saga over Anglo American, as it rejecved a £38 billion offer from BHP but said it would continue to engage with the Australian giant.
- Reuters
Anglo leaves door open to engage with BHP after spurning third offer
LONDON (Reuters) -Anglo American has agreed to a one-week extension for BHP Group to make a binding takeover offer, it said on Wednesday, after rejecting a third proposal from its rival that valued it at 38.6 billion pounds ($49.18 billion). BHP, the world's biggest listed mining group, has now made three unsuccessful offers in a month for Anglo, which has itself outlined a plan to divest its less profitable coal, nickel, diamond and platinum businesses. The structure of any deal and the fate of Anglo's businesses in South Africa remain big obstacles, with Anglo chairman Stuart Chambers highlighting concerns about completion and execution risks in BHP's proposal.
- GlobeNewswire
Trial carbon capture unit begins operating on Blast Furnace at ArcelorMittal Gent, Belgium
GENT, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium. The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a
