BHP Group Limited (BHP)
After hours:
- Bloomberg
Anglo Faces Headwinds in Keeping Restructuring on Track
(Bloomberg) -- Anglo American Plc laid out the scale of challenges it faces as the company pushes ahead with a radical restructuring plan, after rebuffing a takeover approach from rival BHP Group earlier this year.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.Wall Street Goes Risk-On After US Economic Data: Markets WrapMarkets Tear Up Popular Trades That Rea
- Reuters
Anglo to face investors with wary eye on BHP's potential return
Anglo American investors will keenly scrutinize CEO Duncan Wanblad on Thursday as he gives an update on the London-based miner's strategy, just months after fighting off a $49 billion takeover bid from bigger rival BHP Group. While Wanblad pinned his approach on getting an early start with selling Anglo's coking coal assets in Australia, which the company said has drawn huge interest, an unexpected and unwieldy fire at its Grosvenor mine could torpedo the well-laid plans, setting the timing back with a possible hit to the deal's valuation. "Clearly, any updates on the simplification strategy will be closely watched," said Richard Hatch, analyst at Berenberg.
- Bloomberg
Anglo American Shrinks Trading Unit as Part of Major Restructuring
(Bloomberg) -- Mining giant Anglo American Plc is shrinking its trading operations as part of a restructure unveiled as it fought off a bid from rival BHP Group Ltd. earlier this year.Most Read from BloombergHarris Wins Soros Backing While Other Billionaire Donors Want an Open ContestTrump Risks Getting Tables Turned on Him With New 2024 AdversaryA Brief History of Kamala Harris and Her PoliticsJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsThe Money Mess Biden Is Leaving fo
