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Rio Tinto and Glencore walk away from £190bn deal


By Dan McGrath

Rio Tinto has announced it is no longer considering a possible merger with Glencore, after the two firms held discussions over a £190bn deal to create the world’s largest mining company.

The pair said they both walked away from the deal because they determined it was not possible to reach an agreement that would deliver value to their respective shareholders


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BT reports revenue dip in Q3

BT has reported a 4% dip in revenue to £4.98bn in its latest Q3 results, as the telecoms giant cited service revenue declines, lower equipment revenue, and a slowdown in handset trading

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Bank of England holds base rate at 3.75%

The Bank of England (BoE) has announced it will hold interest rates at their current level of 3.75% in its first base rate vote of the year

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Vodafone shares drop after Q3 update

Shares in Vodafone fell by over 7% after its operating profit dropped by 52.7% year-on-year to €500m in Q3

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47% of corporate finance leaders to prioritise AI in next 18 months

Forty-seven per cent of finance teams within corporates will prioritise the adoption of artificial intelligence (AI) within the coming 18 months, according to a study by AccessPay

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GSK publishes ‘solid’ full-year results

GSK has described its full-year results as "solid" as its total sales jumped by 4% year-on-year to £32.7bn in 2025

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Victrex revenues fall in subdued performance

Shares in Victrex fell by over 4% after the firm reported a 6% decline in revenue in the three months to 31 December, totalling £62.4m

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Beazley accepts £8bn Zurich takeover offer

Beazley has accepted a takeover offer from Zurich which values the UK group at £8bn

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Virgin Media O2 owners set to buy £2bn rival

Virgin Media O2’s owners are in advanced talks to buy UK-based broadband rival Netomnia, according to The Financial Times

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Everyman appoints new CFO

Everyman Media Group has announced the appointment of Sheree Manning as the company’s new chief financial officer (CFO)

YouGov makes ‘continued progress’ in half-year results

YouGov has stated that it has made "continued progress" on revenue in its H1 results
Harwich Haven Authority Pension Fund finalises £45m buy-in with Royal London

Harwich Haven Authority Pension Fund has completed a £45m full buy-in with Royal London, securing the benefits of 170 members
Future remains in line with expectations

Future has recorded a 5% drop in its share price, despite its overall group performance being in line with full-year expectations


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