GLEN.L - Glencore Plc

LSE - LSE Delayed Price. Currency in GBp
298.50
-17.90 (-5.66%)
At close: 4:36PM BST
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Previous Close316.40
Open314.25
Bid298.00 x 1586300
Ask325.00 x 294500
Day's Range297.55 - 335.00
52 Week Range297.55 - 416.90
Volume70,481,773
Avg. Volume55,392,290
Market Cap42.197B
Beta2.05
PE Ratio (TTM)7.46
EPS (TTM)40.00
Earnings DateFeb 21, 2018 - Feb 26, 2018
Forward Dividend & Yield0.14 (4.38%)
Ex-Dividend Date2018-09-06
1y Target Est5.67
  • Glencore Investors Clamor for Buybacks, Dividends
    Bloomberg Video6 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.

  • Glencore reports record earnings, higher costs too
    Reuters Videos7 days ago

    Glencore 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.

  • Glencore's 'Great' Results Include Congo Questions, Says Meyer
    Bloomberg Video7 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."

  • Reuters4 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 ...

  • Lead shortages, seasonally strong demand suggest possible price revival
    Reutersyesterday

    Lead 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 Times3 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 Times4 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.

  • Turkey and Russia tremors push FTSE down
    Reuters5 days ago

    Turkey 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. ...

  • Glencore Investors Clamor for Buybacks, Dividends
    Bloomberg6 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 ...

  • Reuters6 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.

  • Glencore looks to buybacks, not deal-making
    Reuters7 days ago

    Glencore 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.

  • Reuters7 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 Journal7 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.

  • Reuters7 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 ...

  • Glencore's 'Great' Results Include Congo Questions, Says Meyer
    Bloomberg7 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 ...

  • Glencore Posts Record 1H Profit
    Bloomberg7 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 Journal7 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 Journal7 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 Times8 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 Times8 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 Journal8 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 Times8 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.

  • Glencore Keeps Its Powder Dry, But Hints at Bigger Returns
    Bloomberg8 days ago

    Glencore 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 Times8 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 Times8 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.