|Bid||33.83 x 1900|
|Ask||33.84 x 600|
|Day's range||33.80 - 34.15|
|52-week range||24.08 - 37.44|
|PE ratio (TTM)||36.34|
|Dividend & yield||1.08 (3.12%)|
|1y target est||N/A|
BHP Billiton Ltd.’s incoming chairman faces another early test as one of the activist investors dogging the mining company warned against misspending billions of dollars in shareholder money diversifying ...
U.S activist investor Elliott Management is continuing to apply pressure on BHP Billiton (BHP.AU) (BHP), warning the world's largest miner to not waste shareholder funds on expanding into potash. BHP Billiton's board will consider plans to develop the $4.7 billion Jansen potash project in Canada later this year, but some investors - including Elliott - aren't convinced the project will deliver acceptable returns. Elliott launched a campaign earlier this year to get the miner to collapse its dual-listed structure, divest its U.S. petroleum business and return more capital to investors.
Tony Hayward, the former BP chief executive, is to sever his ties to a Russian-backed venture which has struggled to gain British and American government approval to buy oil and gas assets. Sky News has learnt that Mr Hayward, who left BP in the aftermath of the Deepwater Horizon disaster in 2010, is to step down as a member of the LetterOne (L1) Energy advisory board. Sources close to L1 confirmed the departure of Mr Hayward, who now serves as chairman of the FTSE-100 mining and commodities trading giant Glencore (Frankfurt: 8GC.F - news) .