FTSE 100 Live 26 April: Anglo American rejects BHP offer, blue-chips seen higher as NatWest updates

Anglo American has rebuffed the shock, £31 billion offer for the FTSE 100 mining multinational that was made yesterday by its Australian rival BHP. “The proposal significantly undervalues Anglo American and its future prospects.In addition, the proposal contemplates a structure which the board believes is highly unattractive for Anglo American's shareholders.” The FTSE 100 index is set for a fresh all-time high after US benchmarks pared their post-GDP losses towards the end of last night’s session.