London open: Miners lead stocks lower despite positive UK GDP
11th Aug 2023 08:18
(Sharecast News) - UK stocks slipped lower on Friday, reversing gains made the previous session, as investors continue to digest a barrage of mixed economic data this week.
Read moreFTSE 100 movers: Commodity stocks rise, Hiscox sinks
9th Aug 2023 16:16
(Sharecast News) - Mining stocks were up across the board on Wednesday, clawing back losses after a poor showing the previous session as weak economic data from China fuelled concerns over demand.
Read moreGlencore profits halve on weaker commodity prices
8th Aug 2023 07:19
(Sharecast News) - Mining giant Glencore saw earnings halve in the first six months of the year on weaker commodity prices, which had surged in response to Russia's unprovoked invasion of Ukraine last year.
Read moreGlencore maintains production guidance after mixed first half
21st Jul 2023 07:03
(Sharecast News) - Mining giant Glencore reported a mixed performance across metals and commodities in a first-half production update on Friday, with both positive and negative trends impacting production figures.
Read moreBunge and Viterra to join forces in $8bn deal
13th Jun 2023 13:41
(Sharecast News) - US grains merchant Bunge is to join forces with rival Viterra in a $8.2bn merger, it was announced on Tuesday.
Read moreGlencore makes offer for Teck coal business
12th Jun 2023 07:14
(Sharecast News) - Glencore on Monday said it had offered to buy Teck Resources' steelmaking coal business as a standalone unit.
Read moreGlencore expects Teck's withdrawal of separation proposal to unlock value
27th Apr 2023 08:01
(Sharecast News) - Mining company Glencore applauded Canadian miner Teck's decision to withdraw its separation proposal on Thursday, stating that "a simple and direct approach to separation" would provide a better path to unlocking value for shareholders.
Read moreGlencore buys stake in Brazil assets from Norsk Hydro for $700m
27th Apr 2023 07:59
(Sharecast News) - Miner and commodities trader Glencore said it was buying a 30% stake in Brazilian alumina refinery Alunorte and a 5% stake in bauxite producer Mineracao Rio do Norte from Norwegian aluminium producer Norsk Hydro for around $700m.
Read moreGlencore leaves forecasts unchanged despite production dip
21st Apr 2023 08:24
(Sharecast News) - Glencore said on Friday it remained on track to exceed earnings forecasts, despite a dip in first-quarter production, thanks to strong trading profits.
Read moreGlencore ups the ante in bid for Teck Resources
19th Apr 2023 10:04
(Sharecast News) - Commodity company Glencore has upped the ante in its bid for diversified mining firm Teck Resources, stating it was willing to improve upon its $22.5bn offer for the group.
Read moreGlencore sweetens offer for Teck Resources
11th Apr 2023 13:09
(Sharecast News) - Glencore sweetened its offer for Canada's Teck Resources on Tuesday by proposing to add a cash component to its previous all-share bid.
Read moreSunday newspaper round-up: Glencore, Tesco, Vodafone
9th Apr 2023 13:14
(Sharecast News) - Glencore is being prodded by an influential investor, Bluebell Capital Partners, not to delay letting go of its environmentally damaging coal mining business. The FTSE 100 listed outfit's plan had been to acquire Teck Resources, merge its coal unit with it and to then spinoff and list the combined company on the New York Stock Exchange. After Teck rebuffed its offer, those plans are at risk, but Bluebell is urging Glencore to let go of that business, saying that the remainder of the company would then fetch a higher valuation. - Financial Mail on Sunday
Read moreUBS upgrades Glencore to 'buy' after recent selloff
20th Mar 2023 12:45
(Sharecast News) - UBS upgraded Glencore to 'buy' from 'neutral' on Monday as it said the risk/reward was now attractive after the recent selloff.
Read moreGlencore reports 'record profitability' amid volatile markets
15th Feb 2023 07:15
(Sharecast News) - Multinational mining giant Glencore reported a strong 2022 financial performance in its preliminary results on Wednesday, with adjusted EBITDA standing at $34.1 billion, up 60% year-on-year.
Read moreGlencore leaves guidance unchanged, despite output fall
1st Feb 2023 07:49
(Sharecast News) - Glencore reiterated 2023 production guidance on Wednesday, despite a fall in copper and zinc output.
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