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Anglo American's octopus lives to fight another day

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Analysts expect Anglo American to post its first annual profit in five years. Shielded by that cloud of black ink, this octopus looks like it'll live to fight another day. Bloomberg columnist David Fickling explains...

In its heyday, the business empire founded by Ernest Oppenheimer was likened to an octopus.

The tangle of arms stretching from Anglo American has at times embraced the world's biggest miners of gold, platinum and diamonds; concrete plants; pulp and paper mills; banks; newspapers; car factories; a South African vineyard; and a stake in the brewer that eventually became SABMiller.

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