The FTSE 100 had a spring in its step on Thursday, as the blue chip index rose 0.5% to 7,485.1 in early afternoon trading. The market seemed to defy recession fears after the Bank of England announced an interest rates hike of 0.5% to 1.75%, representing the most aggressive rates growth in 25 years. The […]

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Glencore shares gained 1.6% to 453.4p in late morning trading on Thursday following a 43% revenue growth to $134.4 billion in HY1 2022 against $93.8 billion in HY1 2021. The mining giant reported an adjusted EBITDA surge of 119% to $18.9 billion from $8.6 billion linked to record pricing across coal, gas and physical premia. […]

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The FTSE 100 was buoyed by shining corporate results from several companies in a busy week for the market, with the blue chip index closing 1.1% higher at 7,428 at close of trading on Friday. US markets enjoyed a boost with Amazon and Apple reporting sales ahead of market expectations and hopes that the US […]

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Glencore shares gained 2.1% to 458.9p in early morning trading on Friday, after the mining giant announced a mixed bag of production results in its HY1 2022 report. The company highlighted a 40% growth in cobalt production to 20.7 kt from 14.8 kt, alongside a 21% rise in nickel to 57.8 kt compared to 47.7 […]

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The FTSE 100 closed down 0.4% to 7,014 in Friday trading, as the market continued to lose ground after a week of central bank action. UK interest rates were hiked to 1.25%, which the market had been pricing in for weeks, however the Bank’s revised inflation estimate of 11% in Q4 this year threw investors […]

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Glencore shares were up 2.3% to 475p in late morning trading on Friday after the mining giant announced that its operating profit for its trading division was set to exceed $3.2 billion, hitting the top end of its FY 2022 guidance. The revised profit expectations were sparked by surging prices on the back of supply […]

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The FTSE 100 was up 0.4% to 7,518.2 in early afternoon trading on Wednesday, following jumps in mining, utilities and telecoms, with analysts pointing out the high dividend payments coaxing investors out of the woodwork. “The FTSE 100 advanced…led by utilities, telecoms and mining stocks – all generous dividend payers, suggesting that people are continuing […]

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Glencore was charged with seven counts of bribery linked to its oil operations by the Serious Fraud Office (SFO) this week, in a revelation which saw the mining giant fined an eye-watering $1.5 billion. The FTSE 100 company is set to pay $700 million for US bribery investigations, alongside $485 million contributed to market manipulation […]

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The FTSE 100 gained on Wednesday following a shock to the energy market after Russia suspended its gas flow to Europe through Ukraine earlier today, which saw the price of Brent crude rise to $105 per barrel. The supply loss sent scarcity fears surging across the market, with Shell shares rising 1.6% to 2,270p and […]

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The FTSE 100 was sank on Tuesday as London’s markets caught up with our global indices following the Bank holiday. US indices faced significant volatility on Monday as investors positioned for a potential 50bps hike this week. Miners and pharma stocks were early losers on Tuesday before selling picked up throughout the FTSE 100. “Metal […]

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Glencore shares were up 1.9% to 489.2p in late afternoon trading on Thursday, following a mixed bag of results from its Q1 2022 production report. The mining group decreased its full year guidance for copper, zinc and cobalt, while boosting its expectations for nickel and ferrochrome. “Reflecting the Q1 production performance, full-year guidance is reduced […]

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Shock, the third Monday in a row where vaccine news push value stocks higher. Though underwhelming, the AstraZeneca (LON:AZN) vaccine trial results shoved long-suffering air travel, financial and commodities stocks higher, once again. Across the FTSE 100, air travel stocks led the way, with Rolls Royce soaring 7.60%, while IAG bounced around 5.50%. Meanwhile, mining […]

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FTSE 100 miners occupied many of the top spots on the highlight reel on Monday, with three in particular posting some of the biggest blue-chip gains and losses. Rio Tinto started bright Leading the pack was Rio Tinto (LON:RIO), bouncing 4.68% after the first bell on Monday morning. This rally took the company to its […]

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Glencore PLC (LON:GLEN) have told the market that annual profit has been bruised, however has still beaten market and analyst predictions. The mining firm said that profits were damaged by weaker commodity prices and trade uncertainty, but the fact that market expectations were beaten remains a positive factor for Glencore. Glencore reported adjusted earnings before […]

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Glencore PLC (LON:GLEN) have seen a steady performance across 2019 as the firm reported their findings on Tuesday morning. Glencore have seen a mixed year, and have been making news headlines following an investigation from the Serious Fraud Office a few weeks back. Today, the firm gave an update on production saying that they saw […]

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British-Swiss commodity trading and mining company Glencore PLC (LON: GLEN) informed investors today that its first half fundamentals suffered a prolonged freefall. With a sense of poetic justice, the Company announced that with metal prices plummeting, its Mutanda prospect in Congo was ‘no longer economically viable’. As such, it said it would halt production at […]

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Glencore plc (LON:GLEN) are facing investigation into alleged bribery and corrupt practice by litigation firms Quinn Emmanuel and Innsworth, following the subpoena by the US Department of Justice. Quinn and Innsworth are both reputable in the world of business litigation, with the former leading proceedings in the RBS Rights Issue litigation and the VW emissions […]

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Anglo American plc’s (LON:AAL) share price has rallied this morning, with talks to sell part of its African operations to Vedanta Resources (LON:VED) a stake sell-off to Royal Bafokeng Rasimone Platinum (JSE:RBP), and buyers moving over from rival Glencore plc (LON:GLEN). Vedanta has made an offer of an equivalent £5.3 billion, via a shares swap, […]

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The Russian government has agreed to sell its largest oil stake in Rosneft, in a bid to rescue its ailing economy. London-listed company Glencore and the Qatar Investment Authority (QIA) have agreed to acquire a 19.5 percent stake in the company for €10.5bn (£8.9bn). According to the deal, Glencore will supply €300 million in funding, […]

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