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United Kingdom

Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

332.10GBp
1:16pm BST
Change (% chg)

-4.70 (-1.40%)
Prev Close
336.80
Open
329.45
Day's High
334.90
Day's Low
328.50
Volume
14,439,679
Avg. Vol
47,229,821
52-wk High
416.91
52-wk Low
284.37

Latest Key Developments (Source: Significant Developments)

Glencore Says Consortium Has Completed 14.16 Pct Stake Sale In Rosneft
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Glencore PLC ::ROSNEFT STAKE HELD GLENCORE-QIA COMPLETION OF SALE.CONSORTIUM'S AGREEMENT TO SELL A 14.16 PCT STAKE IN ROSNEFT TO A UNIT OF QIA HAS NOW COMPLETED.  Full Article

Glencore CEO Says Mining Industry Looking At Legal Action On New DRC Mining Code
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Glencore Plc ::GLENCORE'S IVAN GLASENBERG SAYS INDUSTRY LOOKING AT LEGAL ACTION AGAINST DRC MINING CODE, STILL ROOM FOR NEGOTIATION WITH GOVERNMENT - CONF CALL.  Full Article

Glencore Posts HY Marketing Adjusted EBIT Of $1.5 Bln, Up 12 Pct
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Glencore PLC ::AGAINST A VOLATILE BUT FAVOURABLE TRADING AND COMMODITY PRICE ENVIRONMENT, MARKETING PERFORMED TOWARDS UPPER END OF GUIDANCE RANGE IN HY.HY FFO TO NET DEBT RATIO WAS 133.2 PERCENT VERSUS. 108.3 PERCENT REPORTED AS OF DEC. 31.HY ADJUSTED EBITDA OF $8.3 BILLION, UP 23%.HY NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF $2.8 BILLION, UP 13%.HY FUNDS FROM OPERATIONS OF $5.6 BILLION, UP 8%.HY NET DEBT OF $9.0 BILLION, DOWN 16%.2ND INSTALMENT OF 2018 DISTRIBUTION OF $1.4 BILLION ($0.10 PER SHARE) PAYABLE IN SEPTEMBER.HY MARKETING ADJUSTED EBIT OF $1.5 BILLION, UP 12%.IN HY LOWER CROP YIELDS IN KEY GEOGRAPHIES REFLECTED IN WEAKER AGRICULTURAL PRODUCTS PERFORMANCE; STRONGER H2 EXPECTED.2018E DISTRIBUTIONS / BUYBACKS NOW TOTAL $4.2 BILLION.GOING FORWARD, ANTICIPATES THAT CO'S ECONOMIC CONTRIBUTION AND PAYMENTS TO GOVERNMENT IN THE DRC WILL BE SIGNIFICANTLY HIGHER.AS PREVIOUSLY INDICATED, FY PERFORMANCE IS EXPECTED TO BE WITHIN THE TOP HALF OF THE LONG TERM $2.2-3.2 BILLION EBIT GUIDANCE RANGE."WHILE THE FINANCIAL MARKET OUTLOOK IS LIKELY TO REMAIN VOLATILE, WE REMAIN HIGHLY CONFIDENT IN THE STRENGTH OF OUR UNDERLYING BUSINESS".GLENCORE PLC SAYS "IN OUR COMMODITIES, DEMAND GROWTH APPEARS HEALTHY AND SUPPLY DISCIPLINE PERSISTS".COMMODITY PRICES IMPROVED OVER H1 2018, SUPPORTED BY HEALTHY DEMAND AND GENERALLY RELATIVELY TIGHT SUPPLY CONDITIONS.  Full Article

Century Aluminum Q2 Adjusted Earnings Per Share $0.32
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Century Aluminum Co ::SHIPMENTS OF PRIMARY ALUMINUM FOR Q2 OF 2018 WERE 180,220 TONNES, COMPARED WITH 187,238 TONNES SHIPPED IN Q1 OF 2018.REPORTS SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.32.Q2 EARNINGS PER SHARE $0.20.Q2 SALES $470 MILLION VERSUS I/B/E/S VIEW $462.2 MILLION.Q2 EARNINGS PER SHARE VIEW $0.26 -- THOMSON REUTERS I/B/E/S.  Full Article

Anglo American Platinum Acquires Glencore's 39 Pct Stake In Mototolo Joint Venture
Monday, 23 Jul 2018 

July 23 (Reuters) - Anglo American Platinum Ltd ::ACQUIRES GLENCORE'S 39% INTEREST IN MOTOTOLO JOINT VENTURE.CONSIDERATION FOR TRANSACTION COMPRISES AN UPFRONT CASH PAYMENT, WHICH AT 30 JUNE 2018 IS ESTIMATED TO BE R0.8 BILLION.CONSIDERATION FOR DEAL IS ON A CASH FREE BASIS.WHILE ADDITIONAL CONSIDERATION IS NOT YET DETERMINABLE IT IS ESTIMATED TO BE C.R1 BILLION BASED ON CURRENT SPOT PRICES.  Full Article

Craig Conti Named Executive Vice President And Chief Financial Officer Of Century Aluminum
Monday, 16 Jul 2018 

Century Aluminum Co ::CRAIG CONTI NAMED EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF CENTURY ALUMINUM.CENTURY ALUMINUM CO - CONTI WILL JOIN COMPANY ON JULY 30, 2018.  Full Article

Glencore Establishes Committee Of Board To Oversee Response To DOJ's Subpoena
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Glencore Plc ::UPDATE ON SUBPOENA FROM US DEPARTMENT OF JUSTICE.COMMITTEE OF BOARD HAS BEEN ESTABLISHED TO OVERSEE COMPANY'S RESPONSE TO DOJ'S SUBPOENA..A COMMITTEE OF BOARD HAS BEEN ESTABLISHED TO OVERSEE COMPANY'S RESPONSE TO DOJ'S SUBPOENA.COMPANY WILL COOPERATE WITH DOJ.COMMITTEE COMPRISES CHAIRMAN, TONY HAYWARD, LEONHARD FISCHER AND PATRICE MERRIN.  Full Article

Glencore To Commence Share Buy-Back Programme Of Up To $1 Bln
Thursday, 5 Jul 2018 

July 5 (Reuters) - Glencore PLC ::SHARE BUY-BACK PROGRAMME.PROGRAMME WILL BE EFFECTED IN ACCORDANCE WITH TERMS OF AUTHORITY GRANTED BY SHAREHOLDERS AT 2018 AGM.GLENCORE PLC WILL COMMENCE A SHARE REPURCHASE OR BUY-BACK PROGRAMME OF UP TO USD1 BILLION IN PERIOD TO 31 DECEMBER 2018.CURRENTLY INTENDED THAT ANY ORDINARY SHARES OF COMPANY PURCHASED WILL BE HELD IN TREASURY.ENTERED INTO AN AGREEMENT WITH CITIGROUP GLOBAL MARKETS LIMITED TO CONDUCT PROGRAMME, WHICH WILL BE IMPLEMENTED IN TWO STAGES.  Full Article

Glencore Says Unit Subpoenaed From United States Department Of Justice
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Glencore PLC ::SUBPOENA FROM UNITED STATES DEPARTMENT OF JUSTICE.SUBPOENA FROM UNITED STATES DEPARTMENT OF JUSTICE.REQUESTED DOCUMENTS RELATE TO GLENCORE GROUP'S BUSINESS IN NIGERIA, DEMOCRATIC REPUBLIC OF CONGO AND VENEZUELA FROM 2007 TO PRESENT.GLENCORE IS REVIEWING SUBPOENA AND WILL PROVIDE FURTHER INFORMATION IN DUE COURSE AS APPROPRIATE.SUBSIDIARY RECEIVED A SUBPOENA DATED 2 JULY, 2018 FROM US DEPARTMENT OF JUSTICE TO PRODUCE DOCUMENTS AND OTHER RECORDS.  Full Article

Glencore Energy, through subsidiary in Brazil, to buy 78 pct of Ale Combustíveis
Friday, 29 Jun 2018 

June 29 (Reuters) - Glencore Energy::GLENCORE ENERGY SAYS CO, THROUGH ITS SUBSIDIARY IN BRAZIL, HAS SIGNED AN AGREEMENT TO ACQUIRE 78% OF ALE COMBUSTÍVEIS.GLENCORE ENERGY - MARCELO ALECRIM, ONE OF THE FOUNDERS OF ALE, WILL MAINTAIN 22% STAKE IN BUSINESS AND ASSUME ROLE OF CHAIRMAN ON COMPLETION OF DEAL.  Full Article

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Sky, Randgold surge on deals while trade war weighs on FTSE 100

LONDON Resurgent fears of a protracted and costly trade war dented the FTSE 100 on Monday, while M&A stole the spotlight with Comcast finally clinching a takeover of Sky, and Randgold Resources agreeing a tie-up with Barrick Gold.