World’s blue-chips ditch Russia as West ramps up efforts to freeze out Moscow March 2, 2022 More of the world’s top companies are pouring out of Russia as the West ramps up efforts to freeze Moscow out of the global economy. Despite the exodus, French energy firm Total bucked the trend by announcing tepid measures today, stating it will keep doing business in Russia, but not invest in new projects. The [...]
Britishvolt secures £40m backing from Glencore to fuel gigafactory development February 15, 2022 Battery start-up Britishvolt has secured £40m funding from mining giant Glencore as it pushes ahead with plans to develop a major gigafactory in Northumberland.
Glencore hails ‘extraordinary’ year as earnings top $21bn February 15, 2022 Glencore boss Gary Nagle hailed 2021 an “extraordinary” year for the miner today as the group reported an 84 per cent surge in earnings driven by record surges in global commodity prices.
Activist investor Bluebell lays out plans for Glencore coal spin-off February 14, 2022 Activist investor Bluebell Capital has outlined plans for mining conglomerate Glencore to spin off its thermal coal business while retaining control of the new entity, a letter has revealed.
Production slumps at Glencore as pandemic strains continue February 2, 2022 Mining giant Glencore reported a slump in production of coal and many of its key metals last year as the pandemic continued to restrict output across its operations.
Industrials rally boosts London markets February 1, 2022 A rally among mining stocks dug the foundations for a bullish day on London markets today. The capital’s premier FTSE 100 index climbed 0.96 per cent close at 7,535.78 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, finished 1.1 per cent higher at 22,167.94 points. [...]
The charge of the activist investors February 1, 2022 Analyst investors have been on the charge in the UK, Charlie Conchie asks why.
London markets post mixed day as miners and oil giants tumble January 20, 2022 London markets were a mixed bag yesterday as tumbling energy stocks held down the City’s top index. The capital’s premier FTSE 100 index inched down 0.06 per cent to close at 7,585.01 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, jumped 0.26 per cent to finish [...]
London markets jump on industrials rally January 12, 2022 London markets jumped today driven higher by a strong rally among industrial stocks. The capital’s premier FTSE 100 index closed 0.81 per cent higher at 7,551.72 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, squeezed out 0.08 per cent of gains to reach 23,047.16 points. [...]
Glencore wraps up acquisition of thermal coal mine as Anglo American and BHP exit joint venture January 11, 2022 Glencore has completed its acquisition of thermal coal mine Cerrejón as its joint venture partners divest from the project.