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.
Glencore closes $1bn sale of Australian mine January 6, 2022 Glencore is set to receive A$1bn (£530m) over the next year after closing the sale of one of its Australian mines today. The mining giant will first bag A$800m (£424m), and a further A$200m (£105m) in 12 months’ time, according to a regulatory filing. The deal will see Evolution Mining take over Glencore’s 100 per [...]
Trading platform Open Mineral boosts development plans with double hire January 5, 2022 Swiss raw material trading platform Open Mineral has boosted its development plans with two new hires.
London markets shake off Omicron fears as investors brace for Christmas break December 22, 2021 London markets have shaken off fears over the Omicron variant’s impact on the UK’s economic recovery from the pandemic as investors brace for the Christmas break. The capital’s premier FTSE 100 index closed 0.61 per cent higher at 7,341.66 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the [...]