Another update in The Australian overnight...
All eyes will be on Peabody Energy and Coronado Global Resources when they deliver their third-quarter earnings updates.Coronado was due to deliver its update to the market last Thursday, but it announced last Monday that the announcement had been rescheduled to October 31.Peabody, meanwhile, told the market its third-quarter update would be announced in the coming weeks. Last year, the third-quarter earnings were released on October 28.Investors in Coronado are taking the delay to the announcements as a signal that the merger talks between the pair are still very much alive, with the groups likely to be waiting to brief the market when they have more information.
Takeover from Peabody, page-11
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