Sector movers: Miners pace gains
2nd Nov 2022 06:51
(Sharecast News) - Miners paced gains on Tuesday following reports overnight citing posts on Chinese social media that Beijing had created a committee to make preparations for the easing of Covid-19 restrictions in the Asian giant.
Read moreTesla said to have held talks over potential Glencore stake
31st Oct 2022 07:45
(Sharecast News) - Tesla reportedly held talks with Glencore about taking a stake in the Swiss commodities group as it looks to secure materials needed for the rollout of electric vehicles.
Read moreGlencore reports sharp year-to-date drop in output of several industrial metals
28th Oct 2022 08:49
(Sharecast News) - Glencore posted sharp declines in its output of several industrial and precious metals over the first nine months of 2022.
Read moreBarclays keeps Glencore as 'top pick' despite darkening skies
21st Oct 2022 12:44
(Sharecast News) - Analysts at Barclays reiterated Glencore as their 'top pick' within the European Metals and Mining space.
Read moreFTSE 100 movers: Miners pace gains on China fiscal stimulus talk
18th Aug 2022 18:30
(Sharecast News) - Miners Antofagasta paced gains on the top-flight index on Thursday amid further market chatter around the possibility of Chinese fiscal stimulus.
Read moreGlencore interims rise $10bn on surging commodity prices
4th Aug 2022 07:20
(Sharecast News) - Commodity trading and mining company Glencore posted a massive $10.3bn rise in interim core profits on the back of record prices for coal and gas and said it would return $4.5bn to shareholders.
Read moreGlencore trims copper guidance after mixed first half
29th Jul 2022 09:29
(Sharecast News) - Glencore reported a 15% fall in own-sourced copper production in its first half on Friday, to 510,200 tonnes, as it trimmed its copper production guidance for the rest of the year.
Read moreJP Morgan stays overweight on Glencore, sees China macro alignment for 2H 2022 outperformance
4th Jul 2022 10:27
(Sharecast News) - Analysts at JP Morgan sounded a bullish note on the outlook for European Middle East and Africa miners in the back half of 2022.
Read moreGlencore 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.
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