The market continues to digest the rise in inflation, revealed yesterday. It increases the case for interest rates as the RBA tries to put a lid on rising consumer costs.
“BHP will not be making a firm offer for Anglo American. BHP is committed to its Capital Allocation Framework and maintains a disciplined approach to mergers and acquisitions. The deal, as BHP put it, required AngloAmerican to divest some assets that it didn't want or didn't like the risk of. The meatworks that were suspended are in Queensland and New South Wales and had been trading about $1 billion worth of beef when locked out due to a trade war in 2020.
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