GLEN.L - Glencore Plc

LSE - LSE Delayed Price. Currency in GBp
362.75
+5.40 (+1.51%)
At close: 5:09PM GMT
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Previous Close357.35
Open361.00
Bid350.00 x 1586300
Ask365.00 x 294500
Day's Range357.65 - 364.65
52 Week Range260.50 - 388.25
Volume59,300,589
Avg. Volume38,027,666
Market Cap51.731B
Beta3.13
PE Ratio (TTM)12.42
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.07 (1.45%)
Ex-Dividend Date2017-09-07
1y Target EstN/A
  • Reutersyesterday

    FTSE seals weekly gain as pound dips

    By Helen Reid LONDON (Reuters) - Britain's major stock index climbed on Friday at the end of a busy week of central bank meetings, reversing earlier losses thanks to a sliding pound and buoyant oil stocks. ...

  • Market Realistyesterday

    Glencore’s Dividend Policy: What You Need to Know

    Glencore wants to maintain its net debt between $10 billion and $16 billion. It wants to maintain its net debt-to-EBITDA ratio below 2.

  • Market Realistyesterday

    Is Glencore Really a Play on Electric Vehicles?

    Glencore (GLEN-L), as well as some other miners, see EVs (electric vehicles) causing a disruption in metal markets. Several leading miners are looking for assets to position themselves as suppliers…

  • Reutersyesterday

    Natixis bank broadens metals fraud lawsuit, targets Glencore unit

    French bank Natixis has broadened its $32 million (£24 billion) lawsuit over fraudulent receipts for nickel stored at warehouses in Asia by adding a unit of commodities giant Glencore as a defendant, a court filing showed. Glencore's warehouse unit Access World rejected the accusations, according to the court papers. The move increases the focus on Access World, which said in January it had become aware of fake warehouse receipts circulating in its name and urged holders to seek authentication.

  • Market Realistyesterday

    Electric Vehicles Could Impact Metal Demand

    EV production could hit more than 31 million units in 2030. It would mean copper demand of 4.1 million metric tons—18% of the current copper supply.

  • Market Realist2 days ago

    Glencore’s Views on the Vehicle Electrification Story

    Glencore sees zinc and thermal coal demand going up as a result of vehicle electrification. Glencore is the leading cobalt and zinc producer.

  • Market Realist2 days ago

    Electric Vehicles to Dividend Policy: What Glencore Had to Say

    While EV (electric vehicle) sales only make up a small percentage of total vehicle sales, EV adoption is expected to increase in the next decade.

  • Reuters3 days ago

    Rosneft says EU sanctions aim to favour rivals

    Russian energy group Rosneft (ROSN.MM) told the Luxembourg-based European General Court on Wednesday that European Union sanctions on Russia aimed to undermine its position on global energy markets and favoured its competitors. State-controlled Rosneft is challenging the EU sanctions, imposed in 2014 and 2015 for Moscow's role in Ukraine's crisis. Rosneft is challenging the sanctions in the European General Court and in the High Court of Justice of England and Wales.

  • The Wall Street Journal4 days ago

    [$$] Electric-Vehicle Boom Is a Boon for Coal King Glencore

    Glencore, long known as one of the world’s dominant coal traders, in a twist is finding itself the beneficiary of the greening of the global economy.

  • Glencore Is the Devil on Mining's Shoulder
    Bloomberg4 days ago

    Glencore Is the Devil on Mining's Shoulder

    Glasenberg's sweet nothings could destroy wider shareholder value.

  • Reuters4 days ago

    Glencore sees battery minerals powering profit in 2017 and beyond

    Miner and trader Glencore (GLEN.L) said on Tuesday its battery minerals, especially cobalt, should spur profit in 2017 and beyond in an update for investors that also promised to grow the business, especially through partnerships. It said its marketing, or trading, division's 2017 EBIT (earnings before interest and tax) would be at the top end of its previous guidance at $2.8 billion, steady from 2016 but effectively an increase given that Glencore sold half of its agriculture business last year. The company also issued full-year 2018 overall EBITDA (earnings before interest, tax, depreciation and amortisation) guidance of $16.2 billion, slightly below some analysts forecasts, but higher than Glencore's guidance for full-year profit this year of $15 billion.

  • Reuters4 days ago

    Glencore sees battery minerals powering profit in 2017 and beyond

    Miner and trader Glencore said on Tuesday its battery minerals, especially cobalt, should spur profit in 2017 and beyond in an update for investors that also promised to grow the business, especially through partnerships. It said its marketing, or trading, division's 2017 EBIT (earnings before interest and tax) would be at the top end of its previous guidance at $2.8 billion, steady from 2016 but effectively an increase given that Glencore sold half of its agriculture business last year. The company also issued full-year 2018 overall EBITDA (earnings before interest, tax, depreciation and amortisation) guidance of $16.2 billion, slightly below some analysts forecasts, but higher than Glencore's guidance for full-year profit this year of $15 billion.

  • Britain's FTSE touches 30-day high as oil prices rise, pound slips
    Reuters4 days ago

    Britain's FTSE touches 30-day high as oil prices rise, pound slips

    UK shares rose to their highest in a month on Tuesday as rising oil prices boosted energy stocks and the pound retreated, even though British UK inflation rose to its highest in six years. A cheaper pound generally supports the FTSE as the weaker currency translates into an accounting boost for large companies with overseas revenues. The blue-chip FTSE 100 closed up 0.63 percent at 7500.79 points, a level not reached since November 9.

  • Reuters4 days ago

    Glencore sees 2018 zinc output steady at around one million tonnes

    Glencore said on Tuesday it expected zinc output to fall slightly in 2018 to around 1.09 million tonnes versus 1.1 million tonnes this year. It would creep higher in 2019 to 1.16 million tonnes, the company said in an online presentation. The market has been waiting for news of when Glencore might bring back online 500,000 tonnes of zinc capacity, idled in 2015 when commodity prices were crashing.

  • Reuters4 days ago

    Glencore restarts Katanga copper mine, sees 150,000 T in 2018

    Glencore said on Tuesday its Katanga mine in the Democratic Republic of Congo produced its first copper cathodes on Monday as it restarts after output was suspended in 2015. Chief Financial Officer Steven Kalmin told an investors presentation that 150,000 tonnes of copper output was expected next year and 300,000 tonnes in 2019 from its unit Katanga Mining. Glencore suspended mining two years ago to help balance the market after copper prices slumped to the lowest levels in more than six years.

  • Reuters4 days ago

    Glencore restarts Katanga copper mine, sees 150,000 T in 2018

    Glencore said on Tuesday its Katanga mine in the Democratic Republic of Congo produced its first copper cathodes on Monday as it restarts after output was suspended in 2015. Chief Financial Officer Steven Kalmin told an investors presentation that 150,000 tonnes of copper output was expected next year and 300,000 tonnes in 2019 from its unit Katanga Mining. Glencore suspended mining two years ago to help balance the market after copper prices slumped to the lowest levels in more than six years.

  • Glencore to Double Cobalt Output as Electric Cars Drive Demand
    Bloomberg4 days ago

    Glencore to Double Cobalt Output as Electric Cars Drive Demand

    Glencore Plc. will double its production of cobalt in the next two years, tightening its grip on the market for the key battery component of electric vehicles.

  • Reuters4 days ago

    BHP hires four banks for U.S. shale exit ahead of early 2018 deadline - sources

    LONDON/NEW YORK, Dec 12 (Reuters) - BHP , the world's largest miner, has asked four investment banks to help it prepare for either a sale or spin-off of its underperforming U.S. shale oil and gas unit, with a view to taking a decision in early 2018, sources said. It has hired Barclays and Bank of America-Merrill Lynch to assess options for the sale of assets, including whether they would be sold together or separately, as they may appeal to different potential buyers, the sources said. It has also asked Citi and Goldman Sachs to research the potential spin-off of the unit into a new company, the sources added.

  • Bloomberg4 days ago

    Glencore to Restart Some Zinc Mines With Prices Near Decade-High

    Glencore Plc plans to restart some zinc production, taking advantage of prices near a decade-high.

  • Glencore Will Double Dividend, Restart Zinc as Metals Rally
    Bloomberg4 days ago

    Glencore Will Double Dividend, Restart Zinc as Metals Rally

    Glencore Plc promised to double its dividend, restart some zinc production and boost spending as the world’s largest commodity trader reaps rewards from soaring metals prices.

  • Reuters4 days ago

    Seasonal battery demand, tight supply to buoy lead prices

    Seasonally strong demand from battery makers, tight supplies caused by mine shutdowns and dwindling inventories in London Metal Exchange warehouses are expected to sustain lead prices, which recently hit six-year highs. Benchmark lead on the London Metal Exchange at around $2,500 a tonne is up about 25 percent so far in 2017. Car battery manufacturers start preparing stocks in September," said Farid Ahmed, lead analyst at consultants Wood Mackenzie.

  • Reuters5 days ago

    UK Stocks-Factors to watch on Dec 12

    (Adds company news items, futures) Dec 12 (Reuters) - Britain's FTSE 100 index is seen opening up 13 points on Tuesday, according to financial bookmakers, with futures up 0.22 percent ahead of the cash ...

  • Glencore's Trading Prowess Sets Unit Up for Second-Best Year
    Bloomberg5 days ago

    Glencore's Trading Prowess Sets Unit Up for Second-Best Year

    Glencore Plc said its powerful trading business will be a star performer again this year.

  • Reuters5 days ago

    UK Stocks-Factors to watch on Dec. 12

    Dec 12 (Reuters) - Britain's FTSE 100 index is seen opening up 13 points, on Tuesday, according to financial bookmakers. * SKY: Comcast Corp dropped its bid for most of the assets of Twenty-First Century ...

  • Reuters5 days ago

    Congo mines say revised code threatens industry's future

    Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on for over five years but the National Assembly on Friday approved a bill that would increase taxes and royalties and sent it to the upper house Senate for a second vote. In a statement, several of Congo's largest copper and gold mines, including projects operated by Swiss-based commodities giant Glencore and London-listed Randgold Resources , said investors would look elsewhere if the code were approved by the Senate and signed into law by the president.