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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

224.40GBp
16 Aug 2019
Change (% chg)

2.25 (+1.01%)
Prev Close
222.15
Open
224.75
Day's High
226.15
Day's Low
222.60
Volume
27,702,673
Avg. Vol
35,153,800
52-wk High
343.90
52-wk Low
218.60

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Wed, Aug 14 2019

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Glencore loses bid to stop Australian tax office using 'Paradise Papers'

MELBOURNE Global commodity miner and trader Glencore on Wednesday lost its case to stop Australian tax authorities using business information that was leaked as part of the so-called Paradise Papers.

Glencore loses bid to stop Australian tax office using 'Paradise Papers'

MELBOURNE, Aug 14 Global commodity miner and trader Glencore on Wednesday lost its case to stop Australian tax authorities using business information that was leaked as part of the so-called Paradise Papers.

Cobalt price to jump 60% in next 18 months to $20/lb- UBS

MELBOURNE, Aug 13 * Investment bank UBS said on Tuesday that the shuttering of top cobalt producer Glencore's Mutanda mine in Democratic Republic of Congo should trim an expected market surplus over 2019-2023, moving the risk versus reward for cobalt prices "firmly to the upside."

Australia's Aurizon outlook beats forecasts; shares hit record high

Rail operator Aurizon Holdings Ltd on Monday reported a 13% decline in full year underlying net profit after tax, hurt by increased spending on maintenance, but flagged it expects stronger earnings this year on higher coal hauling volumes.

MOVES-Senior West African crude oil trader leaves Glencore - sources

* Long-time West African crude oil trader Anthony Stimler has left mining and trading giant Glencore, trading sources familiar with the matter said.

COLUMN-Glencore and the perils of riding the electric vehicle tiger: Andy Home

LONDON, Aug 8 Glencore has "a key role to play in enabling the transition to a low-carbon economy," according to Chief Executive Officer Ivan Glasenberg, writing in the company's 2018 annual report.

Glencore's cobalt stock overhang contains prices despite mine suspension

LONDON, Aug 8 Cobalt prices have started to firm after Glencore announced plans to freeze output at the world's largest mine of the battery material, but traders say an overhang of stock held by the commodity trader and miner will inevitably cap gains.

Breakingviews - Glencore unearths new grounds for cheap valuation

LONDON (Reuters Breakingviews) - Glencore’s bull case just took another hit. The Swiss miner and trader’s half-year results on Wednesday saw adjusted EBITDA fall almost a third from the same period in 2018. The drop largely reflects Chief Executive Ivan Glasenberg’s chosen business mix – but Glencore also added a Congo-shaped reason to mark down its shares. 

Cobalt, Africa setbacks shrink Glencore's first-half profit

LONDON Glencore reported a 32% drop in first-half core profit on Wednesday, sending its shares to their lowest since late 2016, while a fall in cobalt prices prompted it to halt output for two years at the world's biggest mine of the battery material.

UPDATE 2-Cobalt, Africa setbacks shrink Glencore's first-half profit

* Analysts disappointed, still say Glencore undervalued (Adds comment, detail, analysts, share price)

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