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’Snap news
Breaking pre-market news on Monday,
- FTSE 100 seen down 84 points – IG Index.
- Rio Tinto and Mitsubishi launch $1.5bn buyout offer for Coal & Allied — statement.
- Bid target Evolution Group acquires BNP Paribas Private Investment Management — statement.
Snap news
Breaking pre-market news on Tuesday,
- Babcock reaches agreement on terms of acquisition of VT Group – statement.
- Legal & General posts final results; final dividend up 33 per cent – statement.
Mitsubishi in joint $2.5bn Australian iron ore project
Mitsubishi Corp on Monday upped the stakes in the escalating scramble for resources in Australia, agreeing with Australian iron ore producer Murchison Metals to jointly spend more than A$3bn ($2.53bn) to launch in Western Australia what will be the largest-ever iron ore development project headed by a Japanese company,
Morgan Stanley in $12.5bn property spree
Morgan Stanley has agreed to buy Investa Property Group, Australia’s largest publicly traded office building manager, for A$4.7bn ($3.9bn), in the biggest overseas acquisition of an Australian real estate investment trust,