The company has required a series of shareholder votes to finalise the delisting, which will occur in the first quarter of this year. Most Australians will own shares in BHP even if they do not know it, through their superannuation fund's investments in the stock market. "With all the challenges facing companies today, it does appear that simplifying corporate structures may well help to make decision making much easier, in that management should be able to make important decisions much more quickly." BHP to grow at home Law firm SPG, which is representing than 200,000 Brazilian claimants, said the company. "From a domestic point of view, it's not such a bad thing. Mining giant BHP Billiton is facing a 5bn (£3.8bn) claim for damages over a dam collapse in Brazil in 2015. "For several years, it's been widely acknowledged that the FTSE 100 is too heavily weighted towards the mining sector, so one less mining company in the benchmark index will help correct this," he said. There is even an upside for the key index on London's share market, according to chief market analyst for CMC Markets, Michael Hewson. BHP Group (BHP) News Today GBX 2,284 +64.00 (+2.88) (As of 04:16 AM ET) Compare Today's Range 2,258.50 2,296.50 50-Day Range 2,220 2,559.50 52-Week Range 1,998.60 2,880.50 Volume 176,503 shs Average Volume 1.52 million shs Market Capitalization 115.57 billion P/E Ratio 787.59 Dividend Yield 9.89 Price Target GBX 2,503. Swedish House Mafia have just played an exhilarating set at Radio 1s Hackney Weekend, when a new message flashes up on their website. "But you win some, lose some – Unilever and Shell have gone the other way, so it's not all bad for London." By Mark Savage BBC Music Correspondent Its June 2012. "It's been the biggest company by market capitalisation at times over the last year. "BHP is a big loss for the FTSE 100," Mr Wilson said. In 2020, consumer products giant Unilever scrapped its similar Dutch/UK dual listing and moved to trade solely in London. Petroleum monolith Royal Dutch Shell, better known as simply Shell, is also dual listed.īut it is scrapping its listing on the Dutch market and moving its head office to Britain from The Netherlands, blaming taxes and facing court actions about climate change. "Simplifying and unifying the listing structure will help the company cut costs and more easily fund takeover deals in the future." Big loss for LSE countered by other gains BHP Group (BHP) News Today GBX 2,284 +64.00 (+2.88) (As of 04:16 AM ET) Compare Todays Range 2,258.50 2,296.50 50-Day Range 2,220 2,559.50 52-Week Range 1,998.60 2,880.50 Volume 176,503 shs Average Volume 1.52 million shs Market Capitalization £115.57 billion P/E Ratio 787.59 Dividend Yield 9. "It gives the company less flexibility in corporate decisions and less margin to manoeuvre," she said. Ipek Ozkardeskaya, senior analyst at online bank Swissquote, agrees. "It needs more flexibility and it's ultimately a bottom-line thing, saving money." "It's just too cumbersome in a world where you need to be making deals, particularly for BHP to decarbonise.
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