|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||10.970 - 11.140|
|52 Week Range||6.900 - 11.680|
|PE Ratio (TTM)||19.07|
|Forward Dividend & Yield||0.14 (1.26%)|
|1y Target Est||N/A|
Feb.21 -- For Glencore, high dividends, low debt and a thirst for deals punctuated its 2017 earnings forecast. The global commodities trader reported record annual net income of $5.2 billion helped by a rebound since 2015 in copper, zinc and coal prices. On earnings day, nine analysts reiterated their overweight convictions. Bloomberg's Ramy Inocencio is at The Wall with his Bloomberg terminal charts you need to know on "Bloomberg Daybreak: Asia." (Peter Grauer, the chairman of Bloomberg LP, the parent of Bloomberg News, is a senior independent non-executive director at Glencore.)
The "Squawk on the Street" crew discuss the reports that Apple is looking to buy cobalt for battery production directly from miners.
Glencore Chief Executive Ivan Glasenberg hails the group's results as its "strongest on record", bolstered by strong commodity markets and reduced costs. Kate King reports.
Feb.21 -- Bloomberg's Will Kennedy reports on Glencore's trading profits. He speaks with Francine Lacqua on "Bloomberg Surveillance." (Peter Grauer, the chairman of Bloomberg LP, the parent of Bloomberg News, is a senior independent non-executive director at Glencore.)
Hotel Chocolat is doing well to mitigate a punishing cost environment for retailers, while improvements in factory capacity should help drive future efficiencies this year and next, writes Harriet Russell ...
A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go.
Glencore is riding high, lifted by a wave of economic optimism and high expectations for an electric-powered future. But high leverage remains a vulnerability.
Glencore said it quadrupled its earnings in 2017, increased its dividend payout to investors and was on the lookout for deals—fresh signs of strength in the global mining industry.
For Glencore, high dividends, low debt and a thirst for deals punctuated its 2017 earnings forecast. The global commodities trader reported record annual net income of $5.2 billion helped by a rebound ...
Glencore (GLEN.L) and four bank lenders have reached a deal with Chad on the restructuring of an oil-backed loan of more than $1 billion after months of often-fraught negotiations, the two parties said on Wednesday. Glencore, backed by banks, lent the west African country's state oil firm SHT (Societe des Hydrocarbures du Tchad) about $1.45 billion in 2014 to be repaid with crude oil cargoes. The loan was restructured once in 2015 after the crash in global oil prices but the central African country still struggled to meet its own budget needs as the debt ate up nearly all of its oil profits - Chad's main source of revenue.
Chad signed a deal with Glencore Plc to restructure more than $1 billion in debt in an agreement that will help the African nation to avoid a financial crunch.
U.K. stocks finish higher Wednesday, reversing course as gains for shares of Lloyds Banking Group PLC and Glencore PLC, which released financial updates, accelerated during the session.
Britain's FTSE 100 outperformed its European peers on Wednesday as solid earnings from Glencore and Lloyds gave a boost to miners and financial shares, helping lift the blue-chip index into positive territory after earlier losses. "The London market did a U-turn from yesterday which was held back by BHP Billiton and HSBC. Whereas today impressive results from a bank and miner drove the index higher", CMC Markets analyst David Madden said.
European shares closed in positive territory on Wednesday, recouping earlier losses as Wall Street opened higher and upbeat earnings published by Lloyds and Glencore gave a boost to financial stocks and miners. Europe's pan-European STOXX 600 index closed up 0.16 percent at 381.1 points but some bourses on the continent ended the day slightly in the red, like Germany's DAX, down 0.14 percent.
LONDON/BENGALURU (Reuters) - Glencore Chief Executive Ivan Glasenberg hailed the group's results as its "strongest on record" on Wednesday, bolstered by a recovery on commodity markets and said it had the assets to meet future demand including from electric vehicles. In line with other miners reporting this month, Glasenberg said there were "emerging inflationary pressures," but they had been offset so far by strong prices for byproducts, such as cobalt, and Glencore was able to contain costs. Glencore's shares rose around 4 percent by 1045 GMT, outperforming the broader index.
Glencore says it has not paid any royalties to Israeli billionaire Dan Gertler after he was sanctioned by the US government, but has yet to work out how to fulfil its remaining contractual obligations. ...
Bloomberg's Will Kennedy reports on Glencore's trading profits. He speaks with Francine Lacqua on "Bloomberg Surveillance." (Peter Grauer, the chairman of Bloomberg LP, the parent of Bloomberg ...
Glencore has the financial strength to pursue more acquisitions if opportunities arise, according to its chief executive. Speaking after the publication of annual results, Ivan Glasenberg said the acquisitive ...
Lloyds boss António Horta-Osório has waited almost seven years for a news story about the bank that does not include a reference to state ownership or payment protection insurance in its second sentence. ...
Glencore and Chad have agreed to restructure a more than $1bn cash-for-crude loan, in a move that should free up borrowing from the International Monetary Fund for the west African country. The agreement ...
Glencore said its net profit for 2017 rose more than four times the previous year’s figure, beating analyst estimates and marking the mining company’s strongest year on record.
Glencore Plc delivered a bumper set of results as earnings jumped at its powerhouse marketing business, bolstered by metals and mining trading.
Glencore , the miner and trader, has announced a bumper payout to shareholders after annual earnings surged on the back of higher commodity prices and the best performance from its trading arm since 2008. ...