Glencore Energy pleads guilty to seven counts of bribery in Africa
21st Jun 2022 13:23
(Sharecast News) - Glencore Energy has pleaded guilty to seven charges of bribery linked to oil operations in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea and South Sudan.
Read moreGlencore on track to deliver record FY trading profit amid 'unprecedented dislocation'
17th Jun 2022 07:03
(Sharecast News) - Natural resources company Glencore said on Friday that its annual portfolio mix adjustment guidance was expected to increase dramatically as a result of "unprecedented dislocation" in energy markets, putting it on track for a record full-year performance.
Read moreCiti says Glencore is a crowded trade but for 'all the right reasons'
7th Jun 2022 20:17
(Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation (Target price: 700.0p) for shares of Glencore despite the fact that consensus longs often go wrong.
Read moreGlencore to pay $1.5bn to settle UK, US investigations
24th May 2022 16:59
(Sharecast News) - Glencore will reportedly pay $1.5bn to settle US and UK investigations into alleged wrongdoing.
Read moreGlencore trading business booms in volatile markets
28th Apr 2022 07:55
(Sharecast News) - Glencore's trading business boomed in the first quarter as the war in Ukraine caused shortages of some commodities and volatile markets.
Read moreMetals Acquisition to buy Glencore's CSA copper mine
17th Mar 2022 11:21
(Sharecast News) - NYSE-listed Spac Metals Acquisition Corp (MAC) has agreed to buy Glencore's CSA copper mine in New South Wales, Australia, for $1.1bn.
Read moreDeutsche Bank raises target price on Glencore
16th Feb 2022 11:46
(Sharecast News) - Analysts at Deutsche Bank raised their target price on miner Glencore from 450.0p to 500.0p on Wednesday after the firm reported "solid results" earlier in the day.
Read moreBritishvolt gets £40m from Glencore in new funding round
15th Feb 2022 07:51
(Sharecast News) - UK startup Britishvolt on Tuesday said it would start a Series C funding round with a starting investment of £40m from mining giant Glencore.
Read moreGlencore to pay $4bn to shareholders as earnings soar
15th Feb 2022 07:02
(Sharecast News) - Glencore said it would pay $4bn (£3bn) to shareholders as the company reported an 84% increase in underlying earnings boosted by soaring commodity prices.
Read moreTuesday preview: UK labour market, Glencore in the spotlight
14th Feb 2022 13:13
(Sharecast News) - All eyes on Tuesday will be on the UK labour market with the rate of unemployment expected to have held steady at 4.1%.
Read moreGlencore affirms FY guidance after 2021 output in line
2nd Feb 2022 07:29
(Sharecast News) - Miner and commodity trader Glencore on Wednesday reaffirmed full-year guidance as operations in 2021 were in line with expectations in a "challenging" environment.
Read moreGlencore closes sale of Ernest Henry Mining
6th Jan 2022 07:43
(Sharecast News) - Mining giant Glencore said on Thursday that it has closed the sale and purchase of its 100% interest in Ernest Henry Mining to Evolution Mining.
Read moreActivist urges Glencore to spin off coal assets
30th Nov 2021 09:05
(Sharecast News) - Activist investor Bluebell Capital Partners has called on Glencore to spin off its thermal coal business as part of a strategic and governance overhaul, according to reports.
Read moreBoA downgrades Hochschild Mining to 'underperform' after Peru announces plans to close two mines
22nd Nov 2021 11:33
(Sharecast News) - Analysts at Bank of America downgraded their recommendation for shares of Hochschild Mining from 'buy' to 'underperform', marking down their target price from 280.0p to 90.0p in the process.
Read moreGlencore strikes deal to sell Queensland's Ernest Henry
17th Nov 2021 07:24
(Sharecast News) - Glencore said on Wednesday that it has entered into a binding agreement with Evolution Mining for the sale and purchase of its 100% interest in Ernest Henry Mining - the owner of the Ernest Henry copper-gold mine in Queensland, Australia.
Read more