Agreement rescues plans to dig the UK’s first deep mine in 40 years in the North York Moors
The mining company Anglo American has agreed to buy Sirius Minerals for £405m in a deal that rescues plans to dig the UK’s first deep mine in 40 years under the North York Moors.
The pair revealed this month they were in advanced talks over a deal that would hand the struggling fertiliser miner to Anglo for a price of 5.5p a share, which valued the company at £386m.
Continue reading...‘Dream combination’ with Takeaway.com creates one of world’s largest food delivery groups
Shareholders in Just Eat have given the green light to a £6.3bn merger with Dutch food delivery firm Takeaway.com, which will create one of the largest food delivery groups in the world.
Takeaway.com said Just Eat shareholders holding 80.4% of the company’s voting rights had accepted its all-share merger offer, which it upped to 916p a share just before Christmas.
Continue reading...The former Renault-Nissan boss’s account of why he fled Japan will – and should – provoke sympathy
Carlos Ghosn, live from Lebanon, put on an entertaining show. There was bombast, arm-waving and undisguised fury. “My unimaginable ordeal is the result of a handful of unscrupulous, vindictive individuals,” said the former Renault-Nissan chairman, naming half a dozen Nissan executives whom he alleges plotted his downfall and arrest in Tokyo. Naturally, Ghosn wouldn’t address the most intriguing detail of how he managed to jump bail and board a private jet out of Japan. He may never provide the details.
He did, however, say this: “You can expect me to take some initiative to tell you how I’m going to clear my name, what kind of forum I’m going to use.” And also this: “I am ready to stand trial anywhere that will give me a fair trial.” Both are important promises because this extraordinary case deserves to be examined properly somewhere.
Continue reading...Fertiliser miner struggling to fund plans to extract polyhalite from under North York Moors
The mining company Anglo American could rescue plans to dig the UK’s first deep mine in 40 years under the North York Moors through a £386m takeover bid for Sirius Minerals.
The businesses are in advanced talks over a bid that would save Sirius from collapse after the struggling fertiliser miner failed to raise funds for its Yorkshire mine project.
Continue reading...Investors expect a strong year but the presidential race and trade wars could spring nasty surprises
After profiting from strong markets in 2019, investors are expecting 2020 to bring further rising asset prices and lively merger activity. But Brexit, the US presidential election and the US trade war with China could all spring nasty surprises over the next 12 months and give the long-running bull market a jolt.
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