May reaches out to business on Brexit strategy
UK Prime Minister Theresa May will on Thursday kick off the first of a series of proposed meetings with a newly constituted business council. The forum, which includes the country’s top company executives, will “provide a direct link to business on the government’s Brexit strategy”, Downing Street said. (Times)
Elliott raises the alarm over BHP potash foray in Canada
Elliott Advisors has warned that BHP Billiton’s latest plan to invest $3.8bn on developing a giant potash mine in Canada could turn out to be “disastrous” for the company’s shareholders. The activist investor questioned BHP’s recent slogan “Thinking Big” that underpinned the FTSE 100 group’s $30bn investment in US shale assets. (Telegraph)