DataRoom AM: BHP cold shoulder

BHP’s large-scale demerger plans fail to impress UK investors, while talk of Qantas selling part of its frequent flyer business is quickly being stamped out.

The world’s largest miner, BHP Billiton, has confirmed a demerger that everyone was trumpeting at the end of last week -- so why did the firm’s stock slump 5 per cent in London trade?

Elsewhere, Qantas Airways shies away from a sale of its best performing division, AGL Energy mulls a capital raising beyond market expectations and QBE Insurance makes good on capital management rumours.



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