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Australian mining group has to wait six months before any further approach for UK-listed rival

Legal & General and Abrdn criticise offer as undervaluing UK-listed miner

Share price moves at both companies would make a deal more expensive in the near term

Statement comes as the Australian miner’s chief executive visits country after political backlash

Australian miner’s bid seen as complex and laden with risks

Australian miner says steel production has plateaued in world’s second-largest economy

Plus, a look beyond the hype for Builder.ai and Oaktree takes control of Inter Milan

Company’s exit would deal another blow to City’s status as home to listed mining groups

Also in this newsletter: US inflation higher than expected, panic on Wall Street, science round-up

Its projects are not delivering sizeable growth and picking up assets on the cheap is proving difficult