BHP Billiton, which has headquarters in Australia and the UK, is the world’s biggest miner IVAN ALVARADO/REUTERSTwo more shareholders in BHP Billiton have put pressure on the board of the FTSE 100 mining giant by urging it to consider dropping its dual listing, which Elliott Advisors, an activist investor, says is “obsolete and value destroying”. Baring Asset Management and Plato Investment Management, which control shares worth about $280 million, have asked BHP to set out why it believes the time is not right to consider simplifying its structure. The food-to-toiletries group Unilever is considering ending its Anglo-Dutch listing after long-standing shareholder pressure and the potential loss of two major companies would be a blow to London. BHP Billiton is listed in London and Australia, a legacy of the merger in 2001 of BHP, of Australia, and Billiton, a British company, that…

Source: The Times February 20, 2018 00:00 UTC