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Published Date: 29 June 2009 MINING giant Anglo American is strengthening its defences against an unwanted merger approach from rival Xstrata by planning talks over a Chinese investment. Anglo, which recently rebuffed the tie-up advances and branded the terms of the £42 billion deal "totally unacceptable", is to open negotiations with Chinalco, China's state-backed aluminium producer. The talks are thought to centre on a partnersh ip with the Chinese firm, along with at least one unidentified Middle Eastern investor, which would see hundreds of millions of dollars invested into Anglo's Brazilian iron ore business. According to reports yesterday, negotiations are at an early stage and it is understood there is no certainty that a deal will be reached. Meanwhile, National Grid chairman Sir John... [read full story]
Marc Bolland will look to make international growth, especially in China, a cornerstone of his turnaround strategy at Marks & Spencer when he starts as chief executive in the New Year. According to sources close to the former...
Cath Kidston, the nostalgic clothes and homeware designer, is seeking a new majority owner for her eponymous company which is thought to be worth up to £75m. The company wants to raise fresh investment to back a roll out of...
Angola's President Jose Eduardo dos Santos has called for a crackdown on government corruption. The president, who has been in power for 30 years, said his country's oil wealth had been squandered by irresponsible officials. Mr...
The new CBI chief knows what she wants from the politicians It’s not often that a pass to the CBI’s annual conference can claim to be the hottest ticket in town, but this year’s event, taking place in London tomorrow, promises...
