GLEN.L - Glencore Plc

LSE - LSE Delayed Price. Currency in GBp
379.3407
+1.1407 (+0.3016%)
At close: 4:29PM BST
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Previous Close378.2000
Open378.2000
Bid379.2000 x 1586300
Ask379.3500 x 294500
Day's Range376.7010 - 380.9000
52 Week Range230.6000 - 386.7000
Volume12,663,932
Avg. Volume40,242,585
Market Cap54.1B
Beta3.13
PE Ratio (TTM)12.99
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.07 (1.45%)
Ex-Dividend Date2017-09-07
1y Target EstN/A
  • Russia's En+ to issue new shares for Glencore after IPO - prospectus
    Reuters44 minutes ago

    Russia's En+ to issue new shares for Glencore after IPO - prospectus

    Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, plans to issue new shares to Glencore after it completes its planned initial public offering, the IPO prospectus shows. The new share issue will be part of a transaction whereby global commodities trader Glencore will swap its 8.75 percent stake in Russian aluminium giant Rusal - in which En+ holds a 48.13 percent stake - for shares in En+ itself.

  • Oilprice.com1 hour ago

    300,000 Bpd Offline As Kurdistan Conflict Continues

    The ongoing conflict in Iraqi Kurdistan has led to a plunge in oil exports, with industry sources reporting a 50% reduction in crude flows

  • Financial Times5 hours ago

    [$$] Deripeska heads for Russia's first London IPO since 2014

    Oleg Deripaska, the Russian metals tycoon, will seek a valuation of as much as $8.5bn for EN+, his aluminium and hydropower business, in a test of western investor sentiment for Russia's first London IPO ...

  • Reuters6 hours ago

    Russia's En+ sets price range for flotation set to raise $1.5 billion

    Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, has set a price range for a planned stock market flotation that will test investor appetite for Russian assets three years after the Ukraine crisis. En+ expects to raise a total of $1.5 bln through the IPO and plans to use the bulk of the proceeds to cut debt, in particular, to the state bank VTB (VTBR.MM). The initial public offering (IPO), to be carried out in London and Moscow, will be the first major float of a Russian company in London since 2014, when Russia's annexation of Ukraine's Crimea region provoked western sanctions.

  • No future(s): Asian financial coal trading dries up as Noble declines, Glencore rules
    Reuters9 hours ago

    No future(s): Asian financial coal trading dries up as Noble declines, Glencore rules

    SINGAPORE/FRANKFURT (Reuters) - Financial trading of thermal coal has virtually ceased in Asia as a result of the woes at one major trading house and the growing dominance of another, despite the region being by far the world's biggest consumer of the fuel. With coal prices rising sharply this year, power generators would usually hedge or protect themselves by taking positions in related derivatives markets. "With Asia's futures pretty much gone, that greatly increases our risk for supplies in that region.

  • Financial Timesyesterday

    [$$] Qatar sovereign fund eyes stake in EN+ ahead of IPO

    Qatar's sovereign wealth fund is in talks to join CEFC China Energy and commodity trader Glencore in taking a stake in Russian hydropower-to-aluminium group EN+, as part of the company's planned flotation ...

  • Reuters3 days ago

    Russia's Rosneft to take control of Iraqi Kurdish pipeline amid crisis

    LONDON/MOSCOW (Reuters) - Russia's biggest oil company, Rosneft (ROSN.MM), has agreed to take control of Iraqi Kurdistan's main oil pipeline, boosting its investment in the autonomous region to $3.5 billion (£2.6 billion) despite Baghdad's military action sparked by a Kurdish vote for independence. The move appears to be part of a strategy by President Vladimir Putin to boost Moscow's Middle Eastern political and economic influence, which was weakened by the collapse of the Soviet Union. Rosneft's investment comes amid a crisis in Kurdistan's relations with the central government in Baghdad since the region held an independence referendum last month, which angered neighbours Iran and Turkey.

  • Financial Times4 days ago

    [$$] Kurdish oil dispute leaves smartest traders sweating

    The oil market has a habit of making even the smartest guys in the room look a little foolhardy at times. After structuring roughly $3.5bn in cash-for-crude loans to Iraqi Kurdistan in the last three years, ...

  • Reuters4 days ago

    Glencore gains approval to buy into Rusal's Ukrainian alumina plant

    Ukraine's anti-monopoly committee has given commodities trader Glencore (GLEN.L) the green light to take a stake in Ukraine's Mykolaiv plant, the second-largest alumina asset of Russia's Rusal . The decision means Glencore can acquire shares in Aluminium of Ukraine and Guardon Ukraine, which own the Mykolaiv plant and are themselves controlled by Rusal, one of the world's largest aluminium producers.

  • Reuters4 days ago

    Glencore says may raise stake in Rosneft in future

    VERONA (Reuters) - Commodities trader Glencore (GLEN.L) may raise its share in Russian oil major Rosneft (ROSN.MM) in the future, Glencore CEO Ivan Glasenberg said on Thursday, adding that he saw the stake ...

  • Financial Times5 days ago

    [$$] Galvanisers bear the brunt as zinc price soars

    Sir, Neil Hume reports, in "Glencore plan lifts zinc to decade high" (October 6), that Glencore has cut a third of its zinc production to solve a supply glut, and in so doing has increased the ...

  • Iraq Turmoil Threatens Billions in Oil Traders' Kurd Deals
    Bloomberg5 days ago

    Iraq Turmoil Threatens Billions in Oil Traders' Kurd Deals

    The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried the country’s autonomous Kurdish region will struggle to repay billions of dollars ...

  • Iraq Turmoil Threatens Billions in Oil Trader Deals With Kurds
    Bloomberg5 days ago

    Iraq Turmoil Threatens Billions in Oil Trader Deals With Kurds

    The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried the country’s autonomous Kurdish region will struggle to repay billions of dollars ...

  • Reuters5 days ago

    Glencore to swap Rusal stake for shares in Russia's En+

    Glencore (GLEN.L) will swap its 8.75 percent stake in Russian aluminium giant Rusal for shares in En+ Group, an aluminium and hydropower group controlled by tycoon Oleg Deripaska, En+ said on Wednesday. Glencore will be entitled to appoint its chief executive to the board of directors of En+ after the share swap.

  • Reuters6 days ago

    China's CEFC eyes big league with Rosneft oil offtake deal

    BEIJING/MOSCOW (Reuters) - As part of its recent $9.1 billion investment in Russian oil giant Rosneft (ROSN.MM), little-known CEFC China Energy will have access to up to 260,000 barrels per day (bpd) of Russian oil - giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol. For China, the world's top crude importer, having access to Russian oil would be a big step towards its ambition to create a globally integrated oil supply chain. The CEFC deal comes in parallel to a Chinese offer to buy a 5 percent stake in Saudi Aramco, the world's biggest crude oil exporter.

  • With A Recent ROE Of 3.98%, Can Glencore Plc (LSE:GLEN) Catch Up To Its Industry?
    Simply Wall St.6 days ago

    With A Recent ROE Of 3.98%, Can Glencore Plc (LSE:GLEN) Catch Up To Its Industry?

    Glencore Plc (LSE:GLEN) delivered a less impressive 3.98% ROE over the past year, compared to the 9.67% return generated by its industry. Though GLEN’s recent performance is underwhelming, it isRead More...

  • Financial Times7 days ago

    [$$] Cobalt stand-off key to future of electric vehicles

    Volkswagen's failed attempt to secure at least five years' supply of cobalt highlights the challenge facing the world's biggest carmakers as they attempt to secure the materials needed for their push into ...

  • Reuters7 days ago

    Where's the money? oil traders ask as peak demand looms

    For major trading houses that ship millions of barrels of oil every day, the prospect of diminishing fuel demand and a shift to renewable power poses a brain-racking challenge with few obvious solutions. "It is a very fair question - what the hell are we going to do?" said Ian Taylor, chief executive of the world's top oil trader Vitol, which trades seven percent of the world's oil. Vitol, as well as rivals including Glencore (GLEN.L) and Gunvor, sees many growth opportunities in the bread-and-butter business of oil trading as economies in Asia, Latin America and Africa grow producing demand for oil.

  • The Wall Street Journal9 days ago

    [$$] Glencore, Bunge in Standstill Agreement

    Glencore has a standstill agreement that temporarily prevents it from making a hostile bid for Bunge, according to people familiar with the matter, raising the possibility Glencore will renew its effort ...

  • Reuters10 days ago

    Bunge shares jump after WSJ reports Glencore standstill agreement

    Shares of U.S. commodities trader Bunge Ltd surged on Friday after the Wall Street Journal reported that Glencore PLC had a standstill agreement that temporarily prevents the Swiss company from making a hostile bid for Bunge. Bunge had rebuffed a takeover approach by Glencore in May. Speculation has swirled for months that Glencore would make another takeover approach. The standstill agreement suggests it is still interested in a deal and may be only biding its time, the newspaper said.

  • Reuters11 days ago

    Rio Tinto's $2 billion coal assets attract investor consortium - sources

    A group of investors including buyout firm Apollo and pension fund Canada Pension Plan (CPP) is bidding for coal assets put up for sale by mining giant Rio Tinto (RIO.L), which could fetch $2 billion (1.52 billion pounds), sources familiar with the matter told Reuters. The sale, run by Credit Suisse, of the Kestrel and Hail Creek coking coal mines is part of Rio's (RIO.AX) planned exit from Australian coal to focus on iron ore, copper and aluminum.

  • Reuters12 days ago

    Glencore sees record oil trading volumes as margins shrink

    Glencore (GLEN.L) looks set to cement its position as the world's second-largest oil trader as it tries to offset low volatility and tight margins with record volumes this year, its global head of oil, Alex Beard, told Reuters. The figure represents around 6 percent of global supply and only rival Vitol trades more oil, at some 7 million bpd. Beard said trading conditions had become difficult this year due to low oil price volatility and a reversal in the oil price curve, which has stopped encouraging oil storage after backdated prices flipped from a premium to a discount to prompt prices.

  • PIC Is Said to Mull Backing Bid for Chevron's S. Africa Unit
    Bloomberg12 days ago

    PIC Is Said to Mull Backing Bid for Chevron's S. Africa Unit

    Africa’s biggest fund manager is interested in taking part in the acquisition by Glencore Plc and a group of black South African-owned companies of Chevron Corp.’s assets in the country, according to three ...

  • Bloomberg13 days ago

    South Africa Seeks Glencore, Vitol Talks as Legal Fight Looms

    South Africa plans to engage with traders who acquired strategic oil reserves two years ago, even as it prepares legal action to try to cancel the deal.

  • Market Realist14 days ago

    Which Major Copper Stock Has the Most ‘Buy’ Recommendations?

    Glencore (GLEN-L) was the third-largest copper producer last year, after Codelco and Freeport-McMoRan (FCX).