Glencore share price: Debt-struck resuorces giant calms investors with £1.6bn cash call September 16, 2015 Glencore’s share price closed 5.2 per cent higher yesterday, after a £1.6bn share placing reassured investors that the debt-struck resources giant could turn around its fortunes. The FTSE 100 commodities trader and miner rallied to 134.7p per share, having plummeted to an all-time low of 118.10p on Tuesday, due to market jitters about Glencore’s unwieldy [...]
Energy firms push index up – New York Report September 16, 2015 Energy stocks pushed Wall Street higher yesterday due to an almost six per cent jump in oil prices. However, many investors stayed on the sidelines ahead of today’s Federal Reserve decision on interest rates. The Dow Jones industrial average closed up 140.1 points, or 0.84 per cent, to 16,739.95, the S&P 500 gained 17.22 points, [...]
Glencore kicks off $2.5bn placing after shares recover from record low September 16, 2015 Mining giant Glencore has launched a $2.5bn (£1.6bn) placing of up to 1,307,794,600 new shares. The placing, which represents around 9.99 per cent of the firm's issued share capital, is part of the group's plans to reduce net debt by $10.2bn, announced earlier this month. Glencore’s share price had dropped by almost seven per cent [...]
FTSE lifts after strong opening on Wall Street – London Report September 16, 2015 Britain’s top equity index turned higher in thin trade yesterday, as a strong start to trade on Wall Street helped lift mining stocks off their lows. The blue-chip FTSE 100 index closed up 0.9 per cent higher at 6,137.60 points, turning higher as Wall Street gained following a climb in retail sales. The move helped [...]
Glencore share price rises with $2.5bn placing, climbing back from record low September 16, 2015 Shares in Glencore opened up by as much as four per cent on Wednesday morning, pleasing investors with a new share placing. The debt-stricken company is seeking to reverse its fortunes with the emergency share placing, which raised the $2.5bn (£1.63bn) it had promised investors. The commodities trader and mining company saw its shares plummet [...]
FTSE retreats as Morrisons and Glencore drop – London Report September 15, 2015 BRITAIN’S top share index fell yesterday, with miner Glencore and supermarket group Morrisons underperforming as weak Chinese data and the possibility of a US rate rise weighed on markets. The blue-chip FTSE 100 index had initially risen but then lost ground to close 0.5 per cent lower at 6,084.59 points as caution crept in before [...]
US interest rate rise 2015: What will a Fed hike mean for global markets? September 15, 2015 The US Federal Reserve, after months of speculation, will announce on Thursday whether or not it is to raise its benchmark interest rate for the first time in nine years. Experts have questioned whether the US, and the world, is ready. Even the IMF has called for a delay. Unemployment in the States [...]
Glencore pulls FTSE up on back of debt scheme – London Report September 8, 2015 BRITAIN’S top share index rose yesterday, led into positive territory by Glencore after the mining and commodities trading firm announced a plan to cut billions of dollars in debt in the face of weakening metals prices. The FTSE 100 was up 31.60 points, or 0.5 per cent, at 6,074.52 points at the close, rallying after [...]
Glencore leads FTSE up as investors cheer debt plan September 8, 2015 TROUBLED miner Glencore was given a shot in the arm yesterday, and led the FTSE up after announcing plans to slash its debt by $10bn (£6.5bn). The firm’s share price rocketed by around 12 per cent yesterday morning, and closed trading up 7.02 per cent at 131.80p. The miner’s shares have fallen by around 60 [...]
European stocks show resilience to China market fall September 7, 2015 European markets went up today, showing resilience to yet another decline on China's key index. The FTSE 100 closed 0.5 per cent higher at £60.75, while the Germany's Dax and France's Cac 40 rose 0.7 per cent and 0.6 per cent, respectively. Read more: China's stock market turmoil could spell bad news for London [...]