GLEN.L - Glencore Plc

LSE - LSE Delayed Price. Currency in GBp
407.15
-0.10 (-0.02%)
At close: 5:13PM GMT
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Previous Close407.25
Open408.00
Bid404.00 x 1586300
Ask408.00 x 294500
Day's Range406.70 - 410.35
52 Week Range270.00 - 413.00
Volume28,051,338
Avg. Volume38,546,224
Market Cap58.063B
BetaN/A
PE Ratio (TTM)13.94
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.93 (1.36%)
Ex-Dividend Date2017-09-07
1y Target EstN/A
  • Reutersyesterday

    ADM pursues big ag merger with grain trader Bunge - source

    CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grain merchant Archer Daniels Midland Co (ADM.N) has proposed a takeover of Bunge Ltd (BG.N), according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc (GLEN.L). Thin margins have squeezed core commodity trading operations, including those of ADM, Bunge, Cargill Inc [CARG.UL] and Louis Dreyfus Co [AKIRAU.UL], which together are known as the "ABCDs" and dominate the industry. Glencore last year sought a tie-up with Bunge in what was viewed as a start of a wave of mergers and acquisitions in the industry.

  • ADM Said to Seek Bunge Merger Talks as Grains Traders Struggle
    Bloombergyesterday

    ADM Said to Seek Bunge Merger Talks as Grains Traders Struggle

    Archer-Daniels-Midland Co. sought merger talks with Bunge Ltd., said a person briefed on the matter, potentially setting up a battle for control of the giant agricultural trader with Glencore Plc.

  • The Wall Street Journalyesterday

    [$$] ADM Has Made Takeover Approach to Bunge Ltd.

    Archer Daniels Midland has made a takeover approach to grain trader and processor Bunge, according to people familiar with the matter, setting up a possible bidding war with Glencore.

  • Reuters2 days ago

    Archer Daniels has made takeover approach to Bunge - WSJ

    Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar with the matter. http://on.wsj.com/2mSY8L0 ...

  • American City Business Journals2 days ago

    Archer Daniels Midland makes takeover bid for Bunge

    Agricultural giant Archer Daniels Midland Co. has made a bid to take over Bunge Ltd., reported The Wall Street Journal . ADM’s move could lead to a bidding war with mining company Glencore PLC, which last year offered to buy White Plains, New York-based Bunge (BG), a leading trader and processor of crops such as soybeans and corn. Bunge turned down Glencore’s offer, but the two companies made an agreement that temporarily prevents Glencore from making a hostile bid for Bunge.

  • Reuters4 days ago

    U.S. approval to close Glencore's HNA deal seen by end-June: sources

    Swiss trader and miner Glencore (GLEN.L) expects to secure U.S. approval by the end of June on the U.S. portion of a deal to sell a 51 percent stake in its storage and logistics business to China's HNA Group, sources familiar with the matter said. Glencore agreed in March to sell the stake in its petroleum products storage and logistics business for $775 million to HNA Group subsidiary HNA Innovation Finance Group Co, which specializes in commodities, logistics and investment services.

  • Reuters4 days ago

    U.S. approval to close Glencore's HNA deal seen by end-June: sources

    Swiss trader and miner Glencore expects to secure U.S. approval by the end of June on the U.S. portion of a deal to sell a 51 percent stake in its storage and logistics business to China's HNA Group, sources familiar with the matter said. Glencore agreed in March to sell the stake in its petroleum products storage and logistics business for $775 million to HNA Group subsidiary HNA Innovation Finance Group Co, which specialises in commodities, logistics and investment services.

  • Reuters5 days ago

    Energy, mining stocks drag FTSE lower

    Oil and mining companies dragged Britain's FTSE 100 index to a negative close on Tuesday, tracking energy and metals prices lower, after gaining earlier in the session on a fall in sterling. The blue chip FTSE 100 (.FTSE) index ended down 0.28 percent at 7,747.18 points, retreating further from a record set last week and slightly underperforming the broader European market. Interest rate-sensitive banks propped up the FTSE, but the downward pressure from oil and mining shares grew through the rest of the session, pulling the index into the red.

  • Reuters5 days ago

    Cheniere signs 15-year LNG supply pact with trader Trafigura

    U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc has inked a 15-year, 1 million tonne per annum (mtpa) sales deal with Swiss commodity trader Trafigura, a sign of how the sector's middlemen are expanding their market share. LNG deliveries to Trafigura, one of the biggest independent traders of the fuel, will begin in 2019, Cheniere said in a statement on Tuesday.

  • Bloomberg6 days ago

    Glencore Shrinks Job of Billionaire Copper Head Amid Congo Probe

    Glencore Plc reduced the role of its billionaire head of copper, Aristotelis Mistakidis, shaking up the business after a review in the Democratic Republic of Congo raised questions about accounting and ...

  • Reuters10 days ago

    Sinopec moves closer to winning Chevron's South Africa assets

    BEIJING/LONDON (Reuters) - China's Sinopec Corp inched closer on Thursday to victory over Glencore in their battle for Chevron's (CVX.N) South Africa and Botswana assets, saying the South African government favoured its bid. South Africa's Competition Commission recommended the roughly $900 million transaction with Sinopec be approved with certain conditions, Asia's largest refiner said in a statement. South Africa's government later announced that it had reached an agreement with Sinopec on public interest issues and that the transaction was pending final approval.

  • Reuters10 days ago

    Sinopec moves closer to winning Chevron's South Africa assets

    BEIJING/LONDON, Jan 11 (Reuters) - China's Sinopec Corp inched closer on Thursday to victory over Glencore in their battle for Chevron's South Africa and Botswana assets, saying the South African government favoured its bid. South Africa's Competition Commission recommended the roughly $900 million transaction with Sinopec be approved with certain conditions, Asia's largest refiner said in a statement.

  • Reuters10 days ago

    Sinopec says South Africa gives it conditional approval for Chevron assets

    South Africa will stick with China's Sinopec Corp as the preferred contender to buy Chevron's assets in South Africa and Botswana after it made a fresh commitment to future investments in the country, the Chinese oil major said on Thursday. State-owned Sinopec is competing for the assets with commodities trader and miner Glencore, which swooped in last October with a $973 million bid following delays to Sinopec's original agreement. Asia's largest refiner said in a statement that South Africa's Competition Commission had recommended transaction with Sinopec be approved with certain conditions.

  • Reuters11 days ago

    Output and exports from Colombia's Cerrejon coal mine fell in 2017

    Cerrejon, one of the world's largest open-pit coal mines, is located in northern La Guajira province. The trade union has demanded a 12 percent wage increase in the first year of a new contract, while the company has offered 5.2 percent as well as a bonus to each employee and health and education benefits. Cerrejon's offer is above the 4.09 percent inflation for last year, but the union has said it falls short of expectations given strong coal prices in recent months.

  • Reuters11 days ago

    Output and exports from Colombia's Cerrejon coal mine fell in 2017

    Production and exports at Cerrejon, Colombia's largest thermal coal mine, fell in 2017 for the third straight year as heavy rainfall affected operations, the mine's owners said on Wednesday. Exports totaled 31.7 million tonnes, a drop of 2.4 percent compared with 2016, Cerrejon said. Cerrejon, one of the world's largest open-pit coal mines, is located in northern La Guajira province.

  • Reuters16 days ago

    Coal dwarfs battery metals in mining deals despite war on pollution

    Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favouring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal and steel-making to tackle smog in its cities. Elsewhere, miners haunted by the overpriced mega-purchases they made before the commodities crash of 2015 hesitated on deals involving the metals needed to run electric cars.

  • Minnesota releases crucial draft permit for disputed mine
    Associated Press16 days ago

    Minnesota releases crucial draft permit for disputed mine

    BLOOMINGTON, Minn. (AP) — A contentious copper-nickel mine in northeastern Minnesota took another step forward Friday when state regulators released a crucial draft permit for public comment.

  • Reuters16 days ago

    FTSE 100 and mid-caps scale fresh records as global rally roars on

    Britain's main stock index and the mid-cap benchmark scaled new peaks on Friday, lifted by a wave of gains across equities worldwide, while a sharp fall in UK car sales hit some motor dealers and insurance stocks. The FTSE 100 (.FTSE) closed 0.4 percent higher at 7724.22 points after hitting a record of 7,727.7 around mid-session, boosted by miners, utilities and consumer staples stocks. Mid-caps in the FTSE 250 index (.FTMC) also touched a new record, up 0.5 percent.

  • Reuters17 days ago

    FTSE touches record high but lags global equity rally

    By Kit Rees and Julien Ponthus LONDON (Reuters) - A rise in oil majors helped pushed the UK's top share index to an all-time high on Thursday but below the level enjoyed by its European peers, as retailers ...

  • Reuters18 days ago

    Cargill profit falls as grain glut limits trading

    Cargill Inc reported a 6 percent drop in quarterly profits on Wednesday as a global glut of grains limited trading opportunities for the food-commodities merchant. Four years of bumper grain and oilseeds harvests have squeezed profits for Cargill and main rivals Archer Daniels Midland Co, Bunge Ltd and Louis Dreyfus Corp . Of Cargill's four business segments, its unit that buys, trades and processes grains and oilseeds was the only one that saw quarterly earnings decline from a year ago.

  • Gupta's GFG Alliance to Acquire Glencore Coal Mine in Australia
    Bloomberg19 days ago

    Gupta's GFG Alliance to Acquire Glencore Coal Mine in Australia

    GFG Alliance, the acquisitive group led by U.K. businessman Sanjeev Gupta, agreed to purchase an Australian coal mine from Glencore Plc to feed its steel operations in the country.

  • Reuters19 days ago

    Glencore sells Australian coal mine to Gupta's GFG Alliance

    Glencore (GLEN.L) has agreed to sell one of two Australian coal mines it put up for sale last year to British industrialist Sanjeev Gupta's GFG Alliance for an undisclosed sum, the two companies said separately on Tuesday. The acquisition follows Gupta's purchase last year of the financially troubled Wyhalla steel works in southern Australia, part of a plan to build an integrated steel business by buying the unwanted assets of other companies. Tahmoor produces about 2 million tonnes of coal a year, mostly high-quality coking coal used for steel making internationally and in Australia, including at the Whyalla facility, GFG executive chairman Gupta said in a statement.

  • The Wall Street Journal19 days ago

    [$$] Glencore Sells Australian Coal Mine to GFG Alliance

    Glencore has agreed to sell an underground coal mine in eastern Australia to GFG Alliance, an industrial conglomerate that last year picked up steel and iron-ore mining assets in the country.

  • GFG Alliance Is Said to Near Acquisition of Glencore Coal Mine
    Bloomberg20 days ago

    GFG Alliance Is Said to Near Acquisition of Glencore Coal Mine

    Liberty House Group’s GFG Alliance joint venture, which bought Australian steel assets last year, is nearing an acquisition of Glencore Plc’s Tahmoor coal mine in the country, a person with knowledge of ...

  • Glencore's Trading Operation Is Still Undervalued, Says Herro
    Bloomberg Video4 days ago

    Glencore's Trading Operation Is Still Undervalued, Says Herro

    Jan.17 -- David Herro, chief investment officer for international equity at Harris Associates, discusses Glencore's value and where he sees growth for the company. He speaks on "Bloomberg Daybreak: Americas." (Peter Grauer, the chairman of Bloomberg LP, the parent of Bloomberg News, is a senior independent non-executive director at Glencore.)