Business

BHP chairman-elect Ken MacKenzie has the confidence of Elliott Management.

US investor keeps circling BHP, lifts ownership

Activist investor Elliott Management has racheted up the pressure on BHP, repeating its call for the mining giant to sell its US shale assets, as Elliott said it now owned 5 per cent of BHP's British shares.

Robinson says the market pushed Bellamy's up quickly, assuming an unflawed high growth strategy.

Bellamy's gets its China groove back

Shares in infant formula maker Bellamy's have rocketed to their highest level this year after the company confirmed that its recently acquired Melbourne factory had got its China export licence back.

Jean-Sebastien Jacques, chief executive officer of Rio Tinto, said there will be no "fire sale" at the company.

Rio Tinto becoming a 'cashbox' for investors

Rio Tinto could delivery another hefty dividend early next year and potentially more buybacks, analysts have predicted in the wake of the mining giant's record interim payout this week.