GLEN.L - Glencore Plc
| Previous Close | 290.25 |
| Open | 293.85 |
| Bid | 295.00 x 1586300 |
| Ask | 310.00 x 294500 |
| Day's Range | 293.23 - 302.35 |
| 52 Week Range | 268.35 - 416.90 |
| Volume | 43,568,568 |
| Avg. Volume | 46,151,413 |
| Market Cap | 41.122B |
| Beta (3Y Monthly) | 1.24 |
| PE Ratio (TTM) | 7.09 |
| EPS (TTM) | 42.00 |
| Earnings Date | Feb 20, 2019 |
| Forward Dividend & Yield | 0.15 (5.20%) |
| Ex-Dividend Date | 2018-09-06 |
| 1y Target Est | 4.95 |
- Reuters•3 days ago
Glencore head of sugar trading Kissen resigns - sources
LONDON (Reuters) - Stuart Kissen, head of sugar trading at Swiss commodities trader Glencore (GLEN.L), has resigned, two sources familiar with the matter told Reuters. Kissen joined Glencore's sugar division ...
- Reuters•3 days ago
Marex Spectron warned by executive of fraud risk - lawsuit documents
Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalised a metals financing deal with French bank Natixis (CNAT.PA) that triggered a $32 million (£24.8 million) lawsuit by the lender, court documents seen by Reuters show. Natixis filed the lawsuit against Marex in May 2017 after the bank said warehouse ownership receipts for nickel provided by Marex had turned out to be fake. Natixis holds Marex responsible for not identifying the fraud before the financing deal was completed.
Oilprice.com•5 days agoOPEC Cuts Are Already Paying Off
Despite troubling economic data from China which weighed on oil on Monday, improving fundamentals are beginning to push crude prices upward
- Reuters•5 days ago
Anglo American begins quest to unearth next CEO
Anglo American (AAL.L) has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015-16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12 percent last year, outperforming London-listed peers including Glencore (GLEN.L) and Rio Tinto (RIO.L)(RIO.AX). Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.
- The Wall Street Journal•6 days ago
[$$] Glencore Gave Loans to Businesses Linked to Suspect Congo Dealings
Swiss mining giant Glencore PLC provided nearly $1 billion in loans and advances to companies associated with an Israeli businessman accused of having corrupt ties to government officials in the Democratic Republic of Congo, according to documents reviewed by The Wall Street Journal. The loans, made over a roughly 10-year period starting in 2007, were designed in part to help finance investments by the businessman, Dan Gertler, in copper-mining operations in Congo alongside Glencore, the documents show.
GuruFocus.com•6 days agoSteven Romick's 4 New Buys for the 4th Quarter
FPA Crescent Fund manager seeks investments in four different countries
- Reuters•6 days ago
Argentina set to join global mining transparency initiative
Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors. The global initiative, launched by former prime minister Tony Blair in 2002, requires member countries to disclose how they allocate licences and how much they receive from the companies in tax, royalties and other contributions. In its latest push for transparency, the EITI has set a requirement to disclose beneficial ownership of extractive companies to reduce tax avoidance.
- Reuters•9 days ago
Exclusive: Trafigura refuses to hand over emails in Brazil bribery case
Commodities trader Trafigura [TRAFGF.UL] has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court filing that the Switzerland-based firm preserve the emails. Trafigura declined to comment, pointing to a prior statement about the case in which it said it takes the accusations seriously.
Reuters•9 days agoExclusive: Trafigura refuses to hand over emails in Brazil bribery case
Commodities trader Trafigura [TRAFGF.UL] has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court filing that the Switzerland-based firm preserve the emails. Trafigura declined to comment, pointing to a prior statement about the case in which it said it takes the accusations seriously.
- Bloomberg•9 days ago
Glencore Is Said in Talks for London Mayfair Headquarters
The Swiss commodities trader is negotiating taking space at the Hanover Square Estate, an office complex being built by Great Portland Estates Plc that’s due to be completed in 2020, the people said, asking not to be identified because the talks are private. Glencore, which listed in London in 2011, is seeking to rent about 50,000 square feet (4,645 square meters) in the development, the people said. Spokesmen for Glencore and Great Portland Estates declined to comment.
Reuters•10 days agoExclusive: Glencore loses exclusive rights to major Libyan oil grades
Trading and mining giant Glencore (GLEN.L) has lost its exclusive marketing rights for two of Libya's main crude oil export grades after holding them since late 2015, trading sources with direct knowledge said. Glencore, which had exclusive rights on the two grades until the end of 2018, and Libya's National Oil Corp (NOC) declined to comment.
Reuters•10 days agoExclusive: Glencore loses exclusive rights to major Libyan oil grades
Trading and mining giant Glencore (GLEN.L) has lost its exclusive marketing rights for two of Libya's main crude oil export grades after holding them since late 2015, trading sources with direct knowledge said. Glencore, which had exclusive rights on the two grades until the end of 2018, and Libya's National Oil Corp (NOC) declined to comment.
- Bloomberg•10 days ago
Too Early to Bet on Mining-Policy Change: Congo Vote Reaction
The African country is the world’s main supplier of battery ingredient cobalt and a key source of minerals from copper to tantalum. The prospective change of administration may spur optimism among mining investors including Glencore Plc and Barrick Gold Corp. that they can reverse elements of a fiercely disputed new industry code that raised royalties and added taxes. Verisk Maplecroft: Unknown Entity for MinersThe results are preliminary so “many mining investors will likely hold off for the next two to three months at minimum to see how the transition period plays out,” said lead Congo analyst Indigo Ellis.
- Reuters•11 days ago
Chile's copper mines post mixed results through Nov 2018 - Cochilco
Chile's largest copper mines posted mixed results through November of 2018, with a slight drop in output at state miner Codelco offset by a surge in production from BHP's Escondida, the world's largest copper mine. In all, copper production in the world's top producer of the red metal reached 5.33 million tonnes, a 6 percent increase over the same period the previous year. Escondida, in northern Chile, produced 1.15 million tonnes through November, up 40.7 percent compared with the same period in 2017, when an historic strike shut down the mine for more than 40 days.
- Reuters•11 days ago
Exclusive: Top suspect in Vitol, Glencore Brazil bribery case arrested in U.S. - court
A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA on behalf of Vitol Group, Glencore and other major oil trading firms has been arrested in the United States, authorities said Tuesday. Luiz Eduardo Loureiro Andrade was detained in the United States on Dec. 20, an arrest that was disclosed in a Brazilian court document seen by Reuters. An email included in the court document from a Brazilian federal police official based in Miami indicated that Andrade is being held in an undisclosed location in the United States and that Brazil has requested his extradition.
- Reuters•11 days ago
Exclusive: Top suspect in Vitol, Glencore Brazil bribery case arrested in U.S. - court
A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA (PETR4.SA) on behalf of Vitol Group [VITOLV.UL], Glencore (GLEN.L) and other major oil trading firms has been arrested in the United States, authorities said Tuesday. Luiz Eduardo Loureiro Andrade was detained in the United States on Dec. 20, an arrest that was disclosed in a Brazilian court document seen by Reuters. An email included in the court document from a Brazilian federal police official based in Miami indicated that Andrade is being held in an undisclosed location in the United States and that Brazil has requested his extradition.
- Reuters•12 days ago
Exclusive: Top suspect in Vitol, Glencore Brazil bribery case arrested in U.S. - court
A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA (PETR4.SA) on behalf of Vitol Group [VITOLV.UL], Glencore (GLEN.L) and other major oil trading firms has been arrested in the United States, authorities said Tuesday. Luiz Eduardo Loureiro Andrade was detained in the U.S. on Dec. 20, an arrest that was disclosed in a Brazilian court document seen by Reuters. An e-mail included in the court document from a Brazilian federal police official based in Miami indicated that Andrade is being held in an undisclosed location in the United States and that Brazil has requested his extradition.
- Financial Times•13 days ago
[$$] Former Xstrata boss Mick Davis sets up new mining company
Sir Mick Davis, the former boss of Xstrata, has joined forces with a former diamond industry executive and Swiss-based fund manager to set up a new company targeting troubled mining assets. Niron Metals was incorporated in June and lists Sir Mick as one of three directors, along with Varda Shine, who ran trading at De Beers for eight years, and Marcos Camhis, founder of Fos Asset Management, according to filings at UK Companies House.
Bloomberg•15 days agoMining World Watches as Congo Counts Votes for Next Leader
Congo, which held presidential polls on Dec. 30, is one of the world’s most important but difficult mining jurisdictions. One of the industry’s biggest concerns in the past year has been a new mining code introduced by Kabila’s government that raised royalties, added taxes and canceled a clause that would have protected them against fiscal changes for 10 years. There has been vocal opposition from the mining industry, but so far no concessions.
- Reuters•16 days ago
Positive U.S. jobs data, trade relief thrust UK shares higher
By Muvija M and Shashwat Awasthi (Reuters) - UK stock indexes bounced to three-week highs on Friday, lifted by positive U.S. jobs data and news of a new round of talks between Beijing and Washington that ...
- Reuters•17 days ago
Weak U.S. factory data, Apple warning weigh on UK shares
By Muvija M and Shashwat Awasthi (Reuters) - UK shares ended a wobbly session in the red as weak U.S. factory data piled on worries over the world's economy that were triggered by smartphone giant Apple's ...
- Reuters•17 days ago
Zambia says mines have failed to show impact of higher taxes
Mining companies operating in Zambia have failed to show how higher taxes introduced this year will affect their profitability despite objecting to the new framework, a senior government official said on Thursday. The country, Africa's second-largest copper producer, increased its sliding scale for royalties of 4 to 6 percent by 1.5 percentage points from Jan. 1 and introduced a new 10 percent tax when the price of copper exceeds $7,500 per tonne. Zambia also plans to replace value-added tax with a sales tax by April to help bring down mounting public debt.
- Reuters•18 days ago
New year cheer as British stocks stage turnaround
By Muvija M and Shashwat Awasthi (Reuters) - British shares clawed back losses on Wednesday to end the year's first trading day on a positive note after a disastrous 2018, helped by investor appetite for ...
- Reuters•20 days ago
Chile monthly copper output highest in 13 years
Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, ...
- Reuters•20 days ago
FTSE 100 slightly lower in fitting farewell to dim 2018
By Muvija M and Shashwat Awasthi (Reuters) - The UK blue-chip index ended its worst year since the 2008 financial crisis in the red, as a strong pound pulled down exporter shares, offsetting U.S. President ...