FTSE 100 close: London bluechip index falters after weak trade data from China August 8, 2023 London’s premier FTSE 100 index closed lower on Tuesday after data from China showed that its attempts to recover from the pandemic have continued to stall. The bluechip FTSE 100 index closed 0.4 per cent lower at 7,527.42 while the FTSE 250 slipped 0.1 per cent to end at 18,843.79. The falls came after new [...]
Glencore appeases shareholders with more buybacks after steep drop in profits August 8, 2023 Glencore suffered a sharp drop in pre-tax profits in the first six months of trading this year as the boom in oil and gas prices finally eased.
Glencore snaps up Pan American’s stake in Argentine copper project in $475m deal July 31, 2023 Pan American Silver Corp will sell a 56 per cent stake in a copper project in Argentina for $475m to Swiss commodities giant Glencore.
FTSE 100 close: Rio Tinto and Glencore hoist London index as UK economy resumes growth June 14, 2023 London’s FTSE 100 jumped today, led higher by industrial giants offsetting losses among retail and consumer-focused firms and housebuilders. The capital’s premier index added 0.1 per cent to close at 7,602.75 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was largely unchanged at 19,175.50 [...]
Glencore’s new Teck bid exposes industry desperation to go green June 12, 2023 Glencore has made a new bid for Teck Resources - reflecting its creativity and its desperation to grow its green agenda.
Glencore makes fresh bid for Teck coal arm as takeover battle takes new twist June 12, 2023 Glencore has redoubled its efforts to acquire Teck Resources, offering to buy its steelmaking coal business as a standalone company.
Glencore’s Teck saga continues with shareholders dithering over rival visions April 29, 2023 Teck's withdrawal of its demerger plans from the jeopardy of a shareholder vote this week is only the latest twist in an industry sage.
Glencore to pay Norsk Hydro £562m for Brazilian assets April 27, 2023 Norwegian aluminium producer Norsk Hydro will sell multiple mineral assets Swiss miner and commodity trader Glencore.
Teck Resources withdraws plan to split as Glencore circles miner April 27, 2023 Teck Resources has withdrawn its plan to split in two, a surprise development just ahead of a key shareholder vote.
Glencore willing to sweeten $23bn bid for Teck, ramping up pressure on board April 19, 2023 Glencore said today that it is willing to improve its $23bn (£19.7bn) bid for Teck Resources, ramping up the pressure on Teck's board to negotiate with mining giant.