Global mining giant Anglo American, which fought off a merger bid from Swiss rival Xstrata last week, announced plans on Thursday to sell non-essential assets and overhaul its management structure. "Anglo American plc today announces a number of changes across its businesses to create a more streamlined management structure and further focus the group on its core mining portfolio," it ...

The leading stock exchange rallied on Monday lifted by a brighter economic outlook that pushed up commodity prices and by hopes of upbeat results from major US companies this week. The FTSE 100 index jumped 1.76 percent to 5,281.54 points. Lloyds was the most traded stock with traders exchanging 196 million shares, followed by telecom giant Vodafone ...

Shares in London ended in the red on Thursday after Swiss mining giant Xstrata scrapped its merger offer for rival group Anglo American. The FTSE 100 index dropped 1.08 percent to 5,154.15 points. Vodafone was the most traded stock with traders exchanging 130 million shares, followed by Lloyds which saw 81.5 million units switch hands. Retailer ...

Swiss mining giant Xstrata on Thursday scrapped plans to merge with rival group Anglo American, saying it had "no intention" of making an offer and would seek growth elsewhere. "Xstrata today announces that it has no intention of making an offer for Anglo American," the firm said in an official statement on the London Stock Exchange. The Swiss-based group had ...