Anglo American announced on Monday 18 May 2026 the sale of its Australian steelmaking coal portfolio to UK-registered Dhilmar Ltd for up to US$3.875 billion in cash, completing its exit from coking coal ahead of its merger with Teck Resources.
The European Parliament prepares to vote on the EU’s toughest steel trade defence in eight years: a 50% out-of-quota duty, a 47% cut in tariff-free import volumes and a Melt and Pour traceability requirement, set to enter force on 1 July 2026.
Burberry published its full-year FY26 results on Thursday 14 May 2026. Consensus expected revenue of around £2.43 billion (down 1% YoY), operating profit £96m and EPS 20.14p. Investors scrutinise progress under Joshua Schulman’s ‘Burberry Forward’ turnaround, which has involved up to 1,700 job cuts.
MEPs prepare measures to counter global steel overcapacity flooding European markets, as the bloc’s manufacturers warn of plant closures and structural damage to industry.
Berlin announces a new active cyberdefence framework, allowing security agencies more proactive responses to attacks on critical infrastructure.
The European Central Bank kept its three key interest rates unchanged at its May meeting, with headline inflation in the euro area now within touching distance of the 2 percent objective.
