Doubts over Anglo American (AAL)’s £405 million takeover of Sirius Minerals have deepened after the hedge fund run by Crispin Odey opposed the deal.
BAE Systems (BA.) has said that it will have to find £1.9 billion to shore up liabilities in its pension schemes, whose liabilities are so large that they dwarf the company’s market value.
Anglo American (AAL) has insisted its £405 million bid for Sirius Minerals is “fair and reasonable” after a hedge fund joined small shareholders in pushing for a higher offer.
Lloyds Banking Group (LLOY) has reported a 26 per cent drop in annual profits to £4.4 billion. The fall was slightly worse than the City expected, with analysts forecasting profits of about £4.5 billion.
