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Glencore

  • How to capitalise on the electric car revolution

    October 23, 2018

    Electric vehicles have existed since 1828, and yet their prevalence in popular society has remained the stuff of science fiction for more than two centuries. It’s only recently that electric cars have become commonplace, helped partly by government policies – such as the planned ban on the sale of new petrol and diesel vehicles by [...]

  • London Stock Exchange dividends jump amid banking and mining growth

    October 22, 2018

    Shareholders were graced with a bumper third quarter of dividends this year, as a weakened pound and a strong showing from financial and mining firms bolstered payouts. UK dividends climbed 4.1 per cent in the last three months, hitting an all-time third-quarter high of £32.3bn. Underlying payouts, which exclude special dividends, reached £31.6bn, a rise [...]

  • Glencore’s share price soars 10.2 per cent as it reveals billion-dollar debt reduction plan and rights issue

    September 7, 2015

    Fresh from taking a battering as a result of China, which has resulted in S&P downgrading its credit rating, commodities trader Glencore is tapping shareholders for a further $2.5bn (£1.64bn) rights issue.    The business, which floated in May 2011, said it was seeking the money as part of a plan to reduce net debt [...]

  • Commodity chaos hammers the FTSE following Glencore share price slump

    August 20, 2015

    Shares in Glencore tumbled nearly 10 per cent to a record low    The FTSE 100 sank to its lowest level since January yesterday after mining behemoth Glencore failed to reassure investors with its response to a global slump in the price of metals.    Shares in Glencore tumbled nearly 10 per cent to a [...]

  • Glencore share price falls to record low as profits plunge amid commodities rout

    August 19, 2015

    The figures Glencore reported a net loss of $676m (£431m) in the first half of 2014, thanks to tumbling commodity prices. That's down 139 per cent from a $1.72bn profit during the same period a year earlier. The company said adjusted earnings before interest, tax, depreciation and amortisation – another measure of profitability – fell [...]

  • China stocks recover after second day of falls as markets nervously await Fed minutes

    August 19, 2015

    Stocks in China finished today's session up, despite falls in early trading. That followed big losses on Tuesday.  The Shenzhen Composite finished 2.19 per cent higher, at 2,222.05 points, while the Shanghai Composite rose 1.23 per cent to 3,794.11 points – having dipped as low as 5.3 per cent and 6.1 per cent respectively during the [...]

  • Glencore share price falls as FTSE miners feel the heat from commodities selloff

    July 7, 2015

    London-listed miners felt the heat today after the outlook for the Chinese economy darkened amid ongoing equity market turmoil. Earlier in the day copper prices fell 5.9 per cent to a six-year low of $2.389 a pound on concern about economic growth in China, the world's top metals consumer. It comes a day after Chinese brokerages [...]

  • Miner Glencore free to bid for rival Rio again

    April 7, 2015

    Mining firms Glencore and Rio Tinto declined to comment yesterday on the question of whether a deal between the two could be back on the table.   Switzerland-based Glencore originally made an estimated £60bn offer for its larger British-Australian rival last August, but in October Rio Tinto revealed that it had rejected the bid.   [...]

  • Glencore in debt for equity swap with Russneft

    March 11, 2015

    Mining firm Glencore is finalising a purchase of a 49 per cent stake in Rus­sian oil refinery firm Russneft. The companies are preparing a deal to convert $900m (£604m) of debt into equity, which will see Glencore take on a 49 per cent holding in the producing side of the Russian firm. Glencore, which is [...]

  • Lonmin share price falls as much as seven per cent after Glencore divests stake

    February 11, 2015

    FTSE 250-listed planinum miner Lonmin's share price slumped this morning, after Glencore revealed plans to dispose of its 23.9 per cent stake in the business, part of the company's plan to combat falling commodity prices. The disposal, due to be completed by the end of June, sent Lonmin's share price down as much as 6.6 per [...]

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