GLEN.L - Glencore Plc

LSE - LSE Delayed Price. Currency in GBp
387.70
+7.35 (+1.93%)
At close: 4:35PM BST
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Previous Close380.35
Open379.30
Bid375.00 x 1586300
Ask390.00 x 294500
Day's Range375.55 - 388.55
52 Week Range274.43 - 416.90
Volume31,445,075
Avg. Volume53,489,250
Market Cap55.429B
Beta2.33
PE Ratio (TTM)9.69
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.14 (3.86%)
Ex-Dividend Date2018-09-06
1y Target EstN/A
  • Glencore Is Said to Face U.K. Probe Over Congo Dealings
    Bloomberg Video3 days ago

    Glencore Is Said to Face U.K. Probe Over Congo Dealings

    May.18 -- Glencore Plc is reportedly facing a formal bribery investigation in the U.K. over the company's dealings in the Democratic Republic of Congo. Bloomberg's Tina Davis reports on "Bloomberg Daybreak: Americas."

  • Glencore Is Said to Near $1 Billion Chevron Southern Africa Deal
    Bloomberg12 hours ago

    Glencore Is Said to Near $1 Billion Chevron Southern Africa Deal

    Glencore Plc is close to a $1 billion deal to buy Chevron Corp.’s southern African assets, potentially scuppering an earlier agreement with China Petroleum & Chemical Corp., according to three people familiar with the matter. The assets include a 100,000 barrel-a-day refinery in Cape Town and more than 800 gas stations in South Africa and neighboring Botswana. Chevron agreed last year to sell its 75 percent holding in the southern African business to the Chinese group known as Sinopec.

  • Glencore Is Said to Face U.K. Probe Over Congo Dealings
    Bloomberg3 days ago

    Glencore Is Said to Face U.K. Probe Over Congo Dealings

    Glencore Plc is reportedly facing a formal bribery investigation in the U.K. over the company's dealings in the Democratic Republic of Congo. Bloomberg's Tina Davis reports on "Bloomberg Daybreak: ...

  • Reuters3 days ago

    Glencore declines comment on report of UK bribery probe

    LONDON (Reuters) - Glencore (GLEN.L) on Friday said it could not comment on a report by Bloomberg that it may face an enquiry from Britain's Serious Fraud Office into allegations of bribery linked to its ...

  • Glencore declines comment on report of UK bribery probe
    Reuters3 days ago

    Glencore declines comment on report of UK bribery probe

    Glencore on Friday said it could not comment on a report by Bloomberg that it may face an enquiry from Britain's Serious Fraud Office into allegations of bribery linked to its operations in Democratic ...

  • Bloomberg3 days ago

    Glencore May Face U.K. Bribery Probe Over Congo Dealings

    The U.K.’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore Plc and its work with Israeli billionaire Dan Gertler and the leader of Democratic Republic of Congo, according to two people with knowledge of the matter. Investigators at the Serious Fraud Office plan to seek formal approval for a full probe into Glencore’s dealings in Congo, said the people, who declined to be identified because the matter isn’t public. Since Glencore is based in Switzerland, the prosecutor would have to show it has jurisdiction because the company’s shares are traded in London.

  • Financial Times4 days ago

    [$$] Glencore shares fall on SFO probe concerns

    fell more than 4 per cent on Friday as it emerged that UK regulators are scrutinising its dealings with Dan Gertler, the billionaire Israeli businessman recently sanctioned by the US. The investigation came out of the SFO’s probe into Kazakh miner Eurasian Natural Resources Corporation, they said. The news is the latest setback for London-listed Glencore, which is facing a string of problems in the Democratic Republic of Congo and was recently forced to cut its ties with Russian oligarch Oleg Deripaska, who has also been hit with US sanctions.

  • Financial Times4 days ago

    [$$] Glencore shares drop nearly 7% on report of SFO probe

    Shares in Glencore fell by their most in almost two years on Friday after a report said the miner may face a bribery probe by the UK’s Serious Fraud Office over its ties to Israeli billionaire Dan Gertler in the Democratic Republic of Congo. The SFO is planning to seek formal approval for a probe into Glencore’s dealings in the country with its former business partner Mr Gertler, Bloomberg News reported. Mr Gertler was sanctioned by the US in December for his “opaque and corrupt mining and oil deals,” in DRC.

  • Exclusive: Vitol, Glencore, Shell in running for Petrobras' Nigerian assets
    Reuters4 days ago

    Exclusive: Vitol, Glencore, Shell in running for Petrobras' Nigerian assets

    The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras (PETR4.SA) that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month. Last November, state-controlled Petroleo Brasileiro SA, known as Petrobras, launched the sale of 100 percent of Petrobras Oil & Gas BV, or Petrobras Africa, as part of the heavily-indebted company's plan to offload $21 billion in assets through 2018 as it also faces a massive corruption scandal. Petrobras holds half the shares in the company while 40 percent are held by a subsidiary of Grupo BTG Pactual SA and 10 percent by Helios Investment Partners.

  • Exclusive - Vitol, Glencore, Shell in running for Petrobras' Nigerian assets
    Reuters4 days ago

    Exclusive - Vitol, Glencore, Shell in running for Petrobras' Nigerian assets

    The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras (PETR4.SA) that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month. Last November, state-controlled Petroleo Brasileiro SA, known as Petrobras, launched the sale of 100 percent of Petrobras Oil & Gas BV, or Petrobras Africa, as part of the heavily-indebted company's plan to offload $21 billion (15.5 billion pounds) in assets through 2018 as it also faces a massive corruption scandal. Petrobras holds half the shares in the company while 40 percent are held by a subsidiary of Grupo BTG Pactual SA and 10 percent by Helios Investment Partners.

  • Reuters5 days ago

    PRESS DIGEST- British Business - May 17

    The following are the top stories on the business pages of British newspapers. Britain's chief accounting regulator singled out Carillion Plc for commendation as a model of good accounting practice only months before it began to implode. Martin Gilbert, co-chief executive of Standard Life Aberdeen , is taking a five-month leave of absence from commodities group Glencore Plc to give him more time to devote to his role as deputy chairman of Sky, which is at the centre of a takeover battle.

  • Reuters5 days ago

    ADM, Bunge say they can navigate U.S.-China trade tensions

    CHICAGO/NEW YORK, May 16 (Reuters) - Global grain merchants Archer Daniels Midland Co and Bunge Ltd can withstand agricultural trade disruptions arising from U.S.-China tensions and potentially profit from them, company executives said on Wednesday. Soren Schroder, chief executive of Bunge, and Ray Young, ADM's chief financial officer, also said at an investor conference in New York that their companies were benefiting from a savage drought in Argentina that has increased soy processing margins and trading prospects.

  • Reuters5 days ago

    FTSE 100 nears record high as miners and Micro Focus drive gains

    Strong results from leading software company Micro Focus and a rally among mining stocks drove Britain's FTSE 100 higher on Wednesday, while Crest Nicholson and mid-cap pub companies suffered sharp losses. The FTSE 100 (.FTSE) was up 0.2 percent at 7,734.20 points by the close, flirting with the record high reached in mid-January. Micro Focus (MCRO.L) was top of the heap, jumping 6.2 percent to a two-month high after the software company won a new $40 million licensing deal earlier than expected, saying it would bolster first-half revenue.

  • Financial Times5 days ago

    [$$] Cut-throat cobalt drama will leave Congolese people the losers

    In fact, they are among the principal actors in a cut-throat drama that will help determine not only the price of cobalt and electric car batteries, but also the political future of the not-so-Democratic Republic of Congo. Mr Gertler has always denied any wrongdoing, saying he deserves the Nobel Prize — presumably for peace, not fiction — for bringing billions of dollars to the Congolese people.

  • Financial Times6 days ago

    [$$] Martin Gilbert takes break from Glencore board to focus on Sky

    Glencore has granted Martin Gilbert, one of its non-executive directors, a leave of absence so that he can focus on the bid battle for Sky, the pay-TV company where he is deputy chairman. Glencore announces that, owing to his current commitment as Deputy Chairman of Sky plc in respect of its protracted competitive bid situation, the Board has granted to Martin Gilbert a leave of absence as Director until mid-October 2018.

  • Reuters6 days ago

    From $11 billion trading titan to penny stock - Noble Group faces crunch as creditors, investors circle

    Just seven years ago, Noble Group (NOBG.SI) was an $11 billion-plus Asian commodity powerhouse, trading everything from soybeans to oil. Noble has posted huge losses provoked by a lack of trade financing and market calls that went sour, while also whittling down a mountain of debt. Shareholder meetings and legal rulings over the next few weeks will decide whether it survives.

  • Financial Times7 days ago

    [$$] China looms as winner from Glencore’s cobalt dispute in Congo

    ’s mines in the Democratic Republic of Congo could determine who controls cobalt, a metal whose price has soared given its use in electric car batteries. Glencore is the world’s largest supplier of cobalt, and is set to more than double its production by 2020. Glencore has also been taken to court by the country’s state-owned miner Gécamines, who has accused it of draining money from its local joint venture, in which it owns a 20 per cent stake.

  • Reuters7 days ago

    Congo mining regulations committee completes work, miners say

    Major miners operating in the Democratic Republic of Congo, Africa's top copper producer, said on Monday that a commission set up to draft detailed regulations to implement a new mining code had completed its work. The miners, which include Glencore, Randgold , AngloGold Ashanti, Ivanhoe and China Molybdenum, were represented on the drafting commission.

  • Russia's Rosneft plans to announce share buyback details in June
    Reuters7 days ago

    Russia's Rosneft plans to announce share buyback details in June

    MOSCOW (Reuters) - Rosneft (ROSN.MM), Russia's top oil producer and one of the biggest globally, plans to reveal share buyback details in June, CFO Pavel Fyodorov said in a conference call on Monday. The ...

  • Reuters7 days ago

    Glencore, Barrick expect prospecting licence for Tanzania nickel project

    Global miners Glencore and Barrick Gold expect to receive a prospecting licence for a nickel joint venture in Tanzania after the government cancelled its retention licence, Barrick said. The retention licence of the undeveloped Kabanga nickel project was one of 11 licences cancelled as part of enforcement of a new mining regulations which were approved in January. Retention licences are granted to mining companies that want to hold the rights to a deposit, but cannot develop that area immediately due to technical constraints, adverse market conditions or other economic factors.

  • Russia's Rosneft first quarter profit jumps as oil market starts to rebalance
    Reuters7 days ago

    Russia's Rosneft first quarter profit jumps as oil market starts to rebalance

    Russia's Rosneft (ROSN.MM), the world's biggest listed oil company by output, saw its net profit rise seven-fold in the first quarter, lifted by higher oil prices as the global market moves towards balance, the company said on Monday. Rosneft, headed by Igor Sechin, a close ally of President Vladimir Putin, controls around 40 percent of Russian oil production, making it key to Moscow's efforts to temporarily limit oil production under a deal led by OPEC and Russia.

  • The Mystery of A vs B Uncovers a London Fight Club for the Rich
    Bloomberg7 days ago

    The Mystery of A vs B Uncovers a London Fight Club for the Rich

    On a sunny Friday morning in central London, journalists were looking for A v B, a case scheduled for London’s commercial court. Finding the lawsuit could lead to illuminating details about a fascinating case of sanctions, alleged corruption and mines producing a metal used in Tesla Inc. batteries. Unfortunately, A v B is the way the courts help keep litigation private, in cases where there are links to arbitration or the danger of leaks of commercial secrets.

  • Barrick, Glencore Expect to Get License for Tanzanian Project
    Bloomberg8 days ago

    Barrick, Glencore Expect to Get License for Tanzanian Project

    Executives at Barrick Gold Corp. and Glencore Plc expect to receive a new license for their joint venture Kabanga nickel project in Tanzania, having held “productive” talks with the government during the past several months, Barrick said Sunday. Under changes to Tanzania’s mining license structure put into place in January, Barrick and Glencore have applied for a prospecting license to replace the retention license they previously held on the undeveloped project. The retention license was due to expire in 2019, and the new license would be good for four years, Barrick spokesman Andy Lloyd said by email.

  • Reuters9 days ago

    Tanzania cancels licence of Barrick, Glencore nickel project

    Tanzania has revoked a retention licence for an undeveloped nickel project jointly owned by Barrick Gold Corp (ABX.TO) and London-listed miner Glencore Plc (GLEN.L) as part of enforcement of a new mining regime. The licence for the Kabanga nickel project in northwestern Tanzania was among 11 retention licences cancelled by the government under the Mining (Mineral Rights) Regulations of 2018, which were approved in January. A retention licence is granted to holders of a prospecting licence after they identify a mineral deposit within the prospecting area which is potentially of commercial significance but cannot be immediately developed due to technical constraints, adverse market conditions or other economic factors.

  • Reuters9 days ago

    Tanzania cancels licence of Barrick, Glencore nickel project

    Tanzania has revoked a retention licence for an undeveloped nickel project jointly owned by Barrick Gold Corp and London-listed miner Glencore Plc as part of enforcement of a new mining regime. The licence for the Kabanga nickel project in northwestern Tanzania was among 11 retention licences cancelled by the government under the Mining (Mineral Rights) Regulations of 2018, which were approved in January. A retention licence is granted to holders of a prospecting licence after they identify a mineral deposit within the prospecting area which is potentially of commercial significance but cannot be immediately developed due to technical constraints, adverse market conditions or other economic factors.