Pound sinks to seven-month low after Reeves spikes tax fears November 4, 2025 The pound took a plunge this morning after Chancellor Rachel Reeves spooked the markets with a speech laying the groundwork for big tax hikes in her Autumn Budget. Sterling fell to its lowest since April against the dollar this morning at $1.30 – a 0.46 per cent loss today alone. The pound was also struggling [...]
Mining has its mojo back – will London miss out? October 15, 2025 After years spent cast as the underbelly of the global economy, mining is undergoing a reputational and financial revival. Ali Lyon explores what’s behind the renaissance, and whether London risks losing its status as the industry’s spiritual home as a result. With his thick-rimmed spectacles, salt-and-pepper hair and wiry, lean build, Gustavo Pimenta is a [...]
Anglo American boss sees future in London despite HQ move October 9, 2025 Anglo American has no plans to move its primary listing away from London once its megamerger with Canadian rival Teck is completed, its boss has said, despite the firm recently choosing to move its headquarters to Vancouver. Duncan Wanblad, who will eventually head up the future ‘Anglo Teck’ entity should the deal be green lit [...]
Blow to Anglo American as disruption at Teck mines leads to cut in production October 8, 2025 Anglo American’s planned merger with Canadian miner Tech Resources has suffered a setback after Teck admitted a series of issues with its mines that would lead to a cut in the production forecasts it had previously given shareholders. Following what Teck described as a “comprehensive operational review,” the company has slashed the upper end of [...]
Funding fears and departures rock law firm behind £36bn BHP lawsuit September 11, 2025 The firm behind the multi-billion-pound lawsuit against mining giant BHP is currently experiencing an exodus of key lawyers, as fallout within the law firm continues to unfold. City-based law firm Pogust Goodhead, originally known as PGMBM before rebrand, is acting on one of the “most significant” group actions at the English High Court, representing over [...]
BHP profit hits five-year low amid weaker iron ore prices August 19, 2025 Profit at BHP has slumped to a five-year low as lower iron ore prices and economic turbulence have hit the mining giant. The firm posted underlying attributable profit of $10.2bn (£7.6bn) in the year to June, a decline of 26 per cent compared to last year and the lowest since the start of the pandemic [...]
Faberge offloaded by stone miner Gemfields August 11, 2025 Luxury jewellery maker Faberge has been sold by its London-listed owner Gemfields to a tech entrepreneur in a deal worth $50m (£37.2m). The firm, best known for its opulent, ornate eggs, was sold to Sergei Mosunov’s US-based private equity house, SMG Capital, after coloured stones miner Gemfied announced a strategic review of the brand, after [...]
Glencore shelves plans to move primary listing from London August 6, 2025 Glencore has scrapped plans to move its primary listing from London as part of a major overhaul to reverse its declining share price and stuttering production. Boss Gary Nagle confirmed on Wednesday the Anglo-Swiss commodities juggernaut was no longer assessing whether to move its main listing to New York, telling reporters it decided the move [...]
Valterra Platinum: Shares rise on London debut after Anglo American demerger June 2, 2025 Shares in Valterra Platinum rose on Monday in a positive start to the mining company’s London debut following its $11bn demerger from Anglo American. The secondary London listing, in which shares nudged up 1.8 per cent at the end of the first day’s trading, follows an earlier primary listing in Johannesburg. Valterra’s London-listed shares have [...]
Rio Tinto: Chief executive of FTSE 100 giant to step down May 22, 2025 Rio Tinto’s chief executive Jakob Stausholm will step down after more than four years leading the FTSE 100 mining giant, it has been announced. The London-listed firm said a “rigorous selection process” had already begun, with Stausholm remaining in the top job until a successor is found. No reason for the exit has been given. [...]