FTSE 100 hits record high on Anglo American buyout offer

Britain’s benchmark FTSE 100 stock index touched a record high on Thursday led by miner Anglo American on a buyout offer from BHP Group, while investors cheered earnings from several blue-chip firms including Unilever, AstraZeneca and Barclays.

Anglo American (AAL.L) surged 12.5% to a nine-month high after BHP (BHP.AX) said it made an offer to buy the London-listed miner, valuing its share capital at 31.1 billion pounds ($38.91 billion).

The deal would create the world’s biggest copper miner with around 10% of global output. BHP’s UK-listed stock , however, fell 2.7%.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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