Company News
BHP, Lundin bid $3.25bn bid for Filo to expand copper presence
Australian Mining giant BHP rebounded from its failure to buy rival Anglo American and announced it would expand its copper interests in South America via a joint venture with Canada’s Lundin Mining which in turn would offer $3. 25bn to acquire Filo Corp.
Diageo profits hit by weaker performance in Latin America, Caribbean
Diageo reported a drop in full-year organic operating profit on Tuesday as it pointed to a weaker performance in Latin America and the Caribbean (LAC).
BP unveils more share buybacks after beating Q2 profit forecasts
BP swung into the red on a reported basis in the second quarter as a result of $2. 77bn of so-called "adjusting items", but that didn't stop the energy giant from beating market forecasts on an underlying basis and unveiling another $1. 75bn share buyback programme.
Standard Chartered unveils $1.5bn share buyback as profits beat estimates
Asia-focused bank Standard Chartered on Tuesday unveiled its biggest-ever share buyback and lifted guidance as interim earnings beat estimates.