BHP Billiton Ltd (BHP.AX)
* Says "actively pursuing" exit from U.S. shale business (Adds CFO comment on potash, shale sale deadline, updates share price)
HONG KONG (Reuters Breakingviews) - BHP is using a commodity rally to fortify its financial position and placate critics. The Anglo-Australian miner swung to an annual net profit of $5.9 billion - missing forecasts but still improving on last year's $6.4 billion loss. Plans to exit a troubled shale business and hold off on investing in fertiliser mining chime with some demands from Elliott, the activist hedge fund. That compromise, plus a continued focus on financial strength, looks sensible.
* Rival Rio Tinto also expanding copper production (Adds context, quotes, detail)
MELBOURNE/LONDON Hedge fund Elliott Management has upped the stakes at BHP, gaining powers to push for change by raising its holding in the miner's London-listed arm to 5 percent.
MELBOURNE/LONDON Hedge fund Elliott Management has upped the stakes at BHP , gaining powers to push for change by raising its holding in the miner's London-listed arm to 5 percent.
* Ups FY f'cast for adjusted EBIT in trading business by $100 mln
* Other producers eye electric battery market (Adds analyst, Glencore comment, details)
Aug 10 Britain's FTSE 100 index is seen opening down 45 points on Thursday, according to financial spreadbetters, with futures down 0.01 percent ahead of the cash market open.
Aug 10 Britain's FTSE 100 index is seen opening down 45 points on Thursday, according to financial spreadbetters. * BP: Australia's antitrust regulator said on Thursday it was concerned BP Plc's plan to buy the petrol stations of grocery giant Woolworths Ltd would hurt competition, a sign it may block the A$1.8 billion ($1.4 billion) deal. * SKY: Hedge fund manager Crispin Odey has said he is considering withdrawing his support for Twenty-First Century Fox's attempt
MELBOURNE, Aug 10 China aluminium extended gains on Thursday to strike its highest since 2012, with investors flooding into the market on prospects that capacity closures in the world's top producer would tighten supply. FUNDAMENTALS * SHFE ALUMINIUM: Shanghai Futures Exchange aluminium had climbed 1.4 percent to 16,275 yuan ($2,443) a tonne by 0240 GMT, having earlier hit its highest since May 2012 at 16,460 yuan. Open interest flew to a record-high around 900