Rio Tinto (RIO LN) and Glencore (GLEN LN) reportedly to decide against pursuing a merger as Rio Tinto could not reach an agreement delivering shareholder value, Bloomberg sources report
Newsquawk Staff ·
Rio Tinto (RIO LN) and Glencore (GLEN LN) reportedly to decide against pursuing a merger as Rio Tinto could not reach an agreement delivering shareholder value, Bloomberg sources report.
What it means
The decision for Rio Tinto and Glencore to abandon merger talks signals a potential setback for both companies in terms of achieving growth through consolidation. This outcome may impact their stock prices as investors reassess the strategic outlook for each firm, particularly in the context of shareholder value creation and capital allocation moving forward.
Sources
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
Related headlines
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist5 days ago
- Newsquawk Daily Economic Releases - 4th November 20265 days ago
- Iran is reportedly ready to respond to new US aggression that will go beyond the geographical limits of the region, reports Russian Press Ria citing an Iranian political source5 days ago
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)5 days ago
- US President Trump says they have total control of the Middle East. Israel has been a helper.5 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-165 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA5 days ago
- US Energy Secretary Wright says overnight strikes on Iran's Qeshm Island have not impacted oil flows; more refined products are coming out of the Arabian Gulf and more will come from India5 days ago
- Brussels is demanding that the UK be bound by European restrictions on Chinese EVs and that ministers imposetariffs of up to 35% on Chinese-made EVs as the price of allowing British car firms equal access to EU markets, reports The Times5 days ago
- The Mosaic Company (MOS) Q3 2026 (USD): Adj. EPS -0.19 (exp. -0.01), Revenue 3.1bln (exp. 3.05bln)5 days ago
- Newsquawk Daily US Earnings Estimates - 4th November 2026: CVS, UBER, MCD, QCOM, MCK, ARM5 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 5 days ago
- US and Venezuela discuss fresh aluminium cargo amid trade revival, reports Bloomberg5 days ago
- Ferrari (RACE IM) CEO says they are very satisfied with Luce EV, with no critical issues on the production or demand side; Co. is working on next EV models5 days ago
- Newsquawk US Daily Equity Opening News - AAPL falls on margin outlook; PLTR falls as US commercial growth slows5 days ago