[REVISION HISTORY]

Corporate earnings and merger progress

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-01 22:44 UTC → 2026-08-04 09:22 UTC · added ~~removed~~

Following the July 28 release, Anglo American posted a 31 % rise in first‑half EBITDA to $4.1 billion, EPS of $0.58 and a $0.23 dividend, driven by higher copper prices and cost control, and confirmed that the planned Anglo‑Teck merger remains on track. On July 29, British American Tobacco reported H1 revenue of £12.2 billion, with smokeless products now representing 19.8 % of sales and a 35 million‑strong consumer base; the firm reaffirmed its full‑year EPS guidance, outlined a national rollout of Velo Max, introduced new Vuse flavours and pursued a £600 million cost‑cutting programme. Analysts noted that strong smokeless growth offset mixed performance in combustible markets. On July 31, Teck Resources and Anglo American announced the executive leadership team for the combined Anglo Teck entity: Anglo American CEO Duncan Wanblad will serve as chief executive, Teck CEO Jonathan Price as deputy chief executive and chief strategy officer, supported by CFO John Heasley, COO Ruben Fernandes and regional heads. The new company will be headquartered in Vancouver with corporate offices in London and Johannesburg, targeting more than US$800 million of pretax synergies within four years, 80 % by the second year, pending regulatory approval. Other earnings releases included American Assets Trust’s Q2 net income of $5.2 million, AerCap’s $726 million profit and Janus Henderson’s 44.5 % increase in its Arista Networks stake. Investor activity also saw Opal Capital increase its stake in BAT. In late July and early August 2026, the merger’s leadership details were expanded. The announced team adds regional heads for Canada/US (Brock Gill), Peru (Tony Power), Brazil (Ana Sanches), Chile (Dale Webb) and Kumba Iron Ore (Mpumi Zikalala). Board composition will include Nolitha Fakude as chair in South Africa and Sheila Murray as overall chair, with directors from both firms.

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