Fears London stock market will lose another giant company after 31m takeover bid [Video]

Fears the London stock market will lose another giant company soared yesterday — after a £31 billion mining takeover bid.

The approach for Anglo American was made by Australian rival BHP.

The mega deal — which would create the world’s biggest copper mining company — is driven by surging demand for the metal by green energy firms.

It is widely used in offshore wind farms and electric vehicles.

Anglo American is the 25th largest company in the FTSE 100.

A takeover would be a fresh blow to the London Stock Exchange and rock the UK’s status as the hub for mining and natural resources companies.

BHP quit the FTSE 100 for Australia in 2021. Swiss mining firm Glencore plans a New York listing for its spun-off coal business. And only weeks ago the boss of Shellthreatened to leave …