GLEN.L - Glencore Plc
| Previous Close | 316.40 |
| Open | 314.25 |
| Bid | 298.00 x 1586300 |
| Ask | 325.00 x 294500 |
| Day's Range | 297.55 - 335.00 |
| 52 Week Range | 297.55 - 416.90 |
| Volume | 70,481,773 |
| Avg. Volume | 55,392,290 |
| Market Cap | 42.197B |
| Beta | 2.05 |
| PE Ratio (TTM) | 7.46 |
| EPS (TTM) | 40.00 |
| Earnings Date | Feb 21, 2018 - Feb 26, 2018 |
| Forward Dividend & Yield | 0.14 (4.38%) |
| Ex-Dividend Date | 2018-09-06 |
| 1y Target Est | 5.67 |
- Bloomberg Video•6 days ago
Glencore Investors Clamor for Buybacks, Dividends
Aug.09 -- Glencore Plc investors looking for bigger shareholder returns after the commodities giant’s record first-half profit may yet get their way. While the company’s failure to increase its dividend or share buyback leaves the door open for more acquisitions, it emphasized that the focus will remain on cutting debt and returning money to shareholders. As far as potential deals go, Chief Executive Officer Ivan Glasenberg said there’s little out there. Bloomberg's Javier Blas talks with Bloomberg's Alix Steel about Glencore.
Reuters Videos•7 days agoGlencore reports record earnings, higher costs too
Glencore has reported a 23 percent rise in first-half earnings and a 12 percent increase from its trading division while noting higher production costs for copper and zinc and a still volatile market.But, as Francis Maguire reports, its shares still fell partly thanks to worries about the impact of a trade war on Chinese demand.
- Bloomberg Video•7 days ago
Glencore's 'Great' Results Include Congo Questions, Says Meyer
Aug.08 -- John Meyer, partner at SP Angel, discusses first-half results from Glencore Plc and what the company could potentially do with extra cash from record interim profit. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."
- Reuters•4 hours ago
Commodities slide pulls FTSE to three-and-a-half month closing low
By Kit Rees and Helen Reid LONDON (Reuters) - Britain's top share index sank on Wednesday as emerging markets stress and a sharp selloff in commodities drove down stocks across Europe, with investors running ...
Reuters•yesterdayLead shortages, seasonally strong demand suggest possible price revival
Global trade disputes and political tensions have sent prices of battery metal lead to 14-month lows but tight supplies, shortages and seasonally strong demand for the coming northern winter suggest a possible change of tack. The possibility of protracted trade tensions between the United States and China, and worries about economic growth pushed lead (CMPB3) on the London Metal Exchange down to $2,074 a tonne on Aug. 6, its lowest since June last year. "Mine supply is barely growing, we are forecasting a 0.4 percent increase to 5.4 million tonnes this year," said Wood Mackenzie lead analyst Farid Ahmed.
- Financial Times•3 days ago
[$$] Oleg Deripaska offers sanctions relief plan to US Treasury
to the US Treasury in a bid to free itself from sanctions, which threaten to sink the company and upend global metal markets. Under the proposal, which has been filed with the Office of Foreign Assets Control (Ofac), Mr Deripaska has agreed to reduce his holding in London-listed En+ to below 45 per cent from around 70 per cent currently, primarily through the transfer of shares to VTB, a Russian bank with close links to the Kremlin. — a bank that is itself under US sanctions — may raise questions in Washington, people familiar with the proposal say it would only hold the En+ shares briefly until sanctions are lifted.
- Financial Times•4 days ago
[$$] Can Mongolian copper power the green revolution?
After a four-minute descent in a dark, two-storey lift, the latest shift of workers arrives at Mongolia’s largest ever construction project — a huge underground copper mine called Oyu Tolgoi 1.3km below the Gobi desert. Capable of processing 4,000 tonnes of copper-bearing rock per hour, the machine is a key part of a near $7bn expansion project that will see Oyu Tolgoi emerge as the world’s third largest source of copper by 2027, producing more than 500,000 tonnes a year. Once finished Oyu Tolgoi will help supply a metal that will be in ever-greater demand as the green energy revolution takes hold.
Reuters•5 days agoTurkey and Russia tremors push FTSE down
By Helen Reid LONDON (Reuters) - Anxiety over emerging market assets sent the FTSE down on Friday as a currency crisis in Turkey deepened and Russia's rouble extended losses, dragging exposed stocks down. ...
- Bloomberg•6 days ago
Glencore Investors Clamor for Buybacks, Dividends
Glencore Plc investors looking for bigger shareholder returns after the commodities giant’s record first-half profit may yet get their way. While the company’s failure to increase its dividend or share ...
- Reuters•6 days ago
Randgold not yet paying new higher Congo tax and royalties - executives
Randgold Resources is not yet paying the higher royalties and taxes required by the Democratic Republic of Congo's new mining code as the gold miner is still negotiating with the government, its executives said on Thursday. Congo's new mining law, effective from June, removes a 10-year stability clause despite fervent opposition from companies operating in the country, including Glencore, MMG Ltd, Ivanhoe Mines and China Molybdenum . Miner and trader Glencore said on Wednesday it was paying the higher royalties, and at least one other copper and cobalt producer said it is also doing so.
Reuters•7 days agoGlencore looks to buybacks, not deal-making
Glencore (GLEN.L) said it would favour share buybacks over deal-making after it reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts. CEO Ivan Glasenberg said market conditions were likely to remain volatile. While other producers have warned of cost inflation, Glencore's share price has come under additional pressure from its exposure to Democratic Republic of Congo (DRC) and a U.S. Department of Justice (DoJ) investigation.
- Reuters•7 days ago
Glencore says Rosneft deal to close in second half, loses No.2 oil trader spot
Glencore (GLEN.L) said on Wednesday the sale of the bulk of its stake in Russia's Rosneft to the Qatari sovereign wealth fund is due to close in the second half of this year, as the Swiss company loses its spot as the world's second-largest oil trader. Glencore reported a slump in its traded oil volumes for the first half, pushing it into third place behind rivals Vitol and Trafigura. Qatar's fund QIA initially bought 19.5 percent in Rosneft together with Glencore in a consortium named QHG for 10.2 billion euros (9.5 billion pounds) during the Russian firm's partial privatisation in 2016.
- The Wall Street Journal•7 days ago
[$$] Copper and Congo Cloud Glencore's Enviable Position
, the Swiss-based mining and commodity trading powerhouse, turned in a reasonable first half—earnings per share rose 12%, debt fell, and production of key electric-vehicle-related commodities copper, cobalt and nickel all grew faster than a year ago. Last year’s stellar results, however, which saw earnings quadruple as commodity prices roared back, were always going to be a tough act to follow. Investors should stay focused on the big picture: If Glencore can clear up its problems in the Democratic Republic of Congo, where it is embroiled in a tussle with the government over a new tax law and faces a U.S. government subpoena, it still looks well-positioned.
- Reuters•7 days ago
Glencore says mining industry considers legal action on new DRC mining code
(Reuters) - Glencore Plc's (GLEN.L) Chief Executive Officer Ivan Glasenberg said the company was reluctantly paying higher taxes under Democratic Republic of Congo's new mining code but the industry was ...
- Bloomberg•7 days ago
Glencore's 'Great' Results Include Congo Questions, Says Meyer
John Meyer, partner at SP Angel, discusses first-half results from Glencore Plc and what the company could potentially do with extra cash from record interim profit. He speaks with Bloomberg's Francine ...
- Bloomberg•7 days ago
Glencore Posts Record 1H Profit
Paul Gait, senior research analyst at Sanford C. Bernstein, discusses Glencore's first-half results and what's ahead for the company. He speaks on "Bloomberg Markets: European Open." (Peter Grauer, ...
- The Wall Street Journal•7 days ago
[$$] European Equities Market Talk Roundup
says, noting the lower-than-expected operating profit and the performance of the company’s property-and-casualty reinsurance business. The “key negative is weak underlying performance in P&C Re in the context of Munich Re’s recent push for growth,” it says. shares trade lower in early trade after 2Q results “were not great,” with new products missing and being offset by older, short-duration products, says Graham Doyle at Liberum.
- The Wall Street Journal•7 days ago
[$$] Glencore Notches Record Profit on Commodities Recovery
PLC posted record first-half earnings on Wednesday, fueled by rising commodity prices and cementing its comeback amid a volatile year in which its important copper businesses in Congo has drawn fierce scrutiny. Glencore, one of the world’s largest coal, copper and zinc producers, reported net income of $2.78 billion for the first six months of the year, up 13% from $2.45 billion. Earnings before interest, taxes, depreciation and amortization totaled $8.3 billion, up 23% from last year to reach a record for a six-month period, but was slightly below analysts’ consensus expectations.
- Financial Times•8 days ago
[$$] Opening Quote: Prudential — imprudent suggestions?
Prudential’s half-year results may prove this morning’s big news — even though they’re not out for another hour and a half, and are unlikely to give shareholders the information they really want. It may only give more detail on the separate aims of each of the businesses.
- Financial Times•8 days ago
[$$] Glencore’s leading man hopes Africa drama is not a hit in the US
Writer: A swashbuckling, hard-bitten mining exec gets caught up with an Israeli fixer in the Democratic Republic of Congo and has to find a way to get €21m to him without running into trouble with a US investigator chasing allegations of bribery across the continent.
- The Wall Street Journal•8 days ago
[$$] Glencore 1H Net Profit Rises on Commodity Price Growth
PLC (GLEN.LN) said on Wednesday that its net profit for the first half of the year rose 13% due to the impact of rising commodity prices and in spite of a range of issues that had dented its share price in recent months. The Anglo-Swiss mining company and commodities trader said that profit for the six months ended June 30 rose to $2.78 billion from $2.45 billion in the first-half of 2017. Adjusted earnings before interest, taxes, depreciation and amortization--a key metric for the company, which strips out exceptional items--rose 23% to $8.27 billion, a company record, Glencore said.
- Financial Times•8 days ago
[$$] Glencore switches focus from dealmaking to buybacks
Ivan Glasenberg, the chief executive and serial dealmaker who has transformed the miner and commodity trader into a natural resources group with a market value of $60bn, said the best use of excess cash was to fund share buybacks. “When we look along the horizon we don’t see any deals that look really exciting,” said Mr Glasenberg.
Bloomberg•8 days agoGlencore Keeps Its Powder Dry, But Hints at Bigger Returns
Glencore Plc investors looking for bigger shareholder returns after the commodities giant’s record first-half profit may yet get their way. While the company’s failure to increase its dividend or share buyback leaves the door open for more acquisitions, it emphasized that the focus will remain on cutting debt and returning money to shareholders. As far as potential deals go, Chief Executive Officer Ivan Glasenberg said there’s little out there.
- Financial Times•8 days ago
[$$] Glencore sees few M&A opportunities in agriculture
The Swiss miner and commodity trader said earnings before interest in agriculture more than halved in the six months to $47m, hit hard by poor crops in Argentina and Australia where it has a big presence. “Given the geographic distribution of our assets, we have had a tough first half of 2018,” the company said in a statement.
- Financial Times•8 days ago
[$$] Stocks to watch: Paddy Power, Prudential, Tesla, Casino, Glencore
The full-year earnings before interest, tax, depreciation and amortisation target moved from between £470m and £495m to between £460m and £480m, which was 2 per cent below the market consensus at the midpoint. “The outstanding performance of the Australian business is being undermined at the bottom line by fees and taxes and the Exchange, a material source of profit, is feeling the effects of competition. faded after its first-half operating earnings missed consensus expectations by about 3 per cent, largely on head office expenses, and came with increased cost guidance for the full year.
