Shares 

Shocking, disruptive and profitable

Shocking, disruptive and profitable

After a lot of huffing and puffing, the £50bn merger between commodities trader Glencore and mining house Xstrata looks as if it will make it to the finishing line. But the £28bn tie-up between European defence and aerospace leaders BAE Systems and EADS failed to get out of the starting blocks. No matter. These two mega deals - one failed, the other (almost) finalised - have one big factor in common: they herald the merger mania that will soon hit London's - and, indeed, much of the developed world's - stock markets.

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