Rothschild raises Bumi stake

Nat Rothschild has raised his stake in miner Bumi to 11.7 per cent, a regulatory filing showed on Thursday, in a sign of confidence in the coal venture despite public clashes between the financier and his Indonesian partners. The scion of the Rothschild banking dynasty bought 110,000 shares at £9.11 each earlier in the day, spending just over £1m to boost his holding.