Glencore may trigger bidding war for mining rival Anglo American

Swiss company considers making takeover offer, while BHP could move again after initial rejection

The mining company Glencore is considering making a takeover offer for Anglo American that could trigger a multibillion-pound bidding war for the company, according to reports.

It sparked a 3% jump in Anglo American’s share price on Friday, making it the top riser on the FTSE 100 and helping to drive the index to an all-time high of 8,215 points.