Published on 29 Apr 2024 on The Telegraph via Yahoo Finance
Questor: We’ve made 40pc on this mining stock – is it time to sell?
A worker walks near a drill rig in a pit at Anglo American's Los Bronces copper mine in Chile
Merger and acquisition fever is one reason why the London market, as benchmarked by the FTSE 100 index, is reaching new all-time highs, not least because the rash of bids for London-listed companies suggests they are going cheap, and trade and private equity buyers are looking to make the most of the value that is on offer.
However, it is the decision by paper and packaging giant Mondi to walk away from a bid battle for fellow FTSE 100 member DS Smith that catches the eye and offers encouragement to shareholders.