Miners fuel FTSE gains December 16, 2011 The FTSE 100 continued where it left off in the last session with a moderate rally fuelled by positive data from the US. US weekly jobless claims fell to a three-year low suggesting that its economic recovery was still on track. But markets still remain braced for credit rating downgrades for Eurozone countries as agencies [...]
Glencore narrows float guidance May 16, 2011 Commodities giant Glencore International has tightened guidance for its planned $11bn (£6bn) initial public offering (IPO), pushing up the mid-point of the marketing range, a source said, in a sign the commodities trader has seen stronger demand at the higher end of an indicative range. Glencore’s IPO has entered the home stretch after a two-week [...]
Commodity rout shakes Glencore May 12, 2011 A THIRD day of vicious turbulence in commodity trading saw investors sell out of energy and metals yesterday, causing market turmoil and even putting pressure on Glencore’s giant flotation plans. Signs that demand for raw materials is slowing in the world’s biggest industrial economies spooked investors, pushing Brent crude down three per cent to $112.33 [...]
Commodity rout shakes Glencore May 12, 2011 A THIRD day of vicious turbulence in commodity trading saw investors sell out of energy and metals yesterday, causing market turmoil and even putting pressure on Glencore’s giant flotation plans. Signs that demand for raw materials is slowing in the world’s biggest industrial economies spooked investors, pushing Brent crude down three per cent to $112.33 [...]
Glencore falls in Hong Kong trading debut May 25, 2011 Shares in Glencore International fell as much as three per cent on their Hong Kong trading debut, dented by concerns over valuations and the outlook for commodities after a lacklustre start in London the previous day. The dual listing in London and Hong Kong puts an end to the drawn-out process of taking the 37-year [...]
GLENCORE BOSS’S BRIEF ENCOUNTER AT CHELSEA May 24, 2011 IT WAS unseasonably cold at the preview of this week’s Chelsea Flower Show – so the Queen, mindful of her constitution, didn’t stop to admire every single show garden. However, she did manage to drop in on the Royal Bank of Canada’s New Wild Garden, designed by Nigel Dunnett of The Landscape Agency, where Lynn [...]
FTSE breaks through 5,900 mark on Greek bailout deal February 13, 2012 BRITAIN’S leading shares index closed higher yesterday, led by commodity and financial stocks, after Greece moved a step closer to securing an international bailout and avoiding a messy default. At the close, the FTSE 100 index was up 53.31 points, or 0.9 per cent, at 5,905.70, in volume just 70 per cent of the 90-day [...]
Glencore edges up – but below offer price May 24, 2011 Shares in commodities trader Glencore ticked higher in their first day of official trade but remained well below the offer price, dashing hopes shares would rise after it set a mid-range flotation price. Sources close to the matter had said Glencore, the world’s largest diversified commodities trader, felt it had left “money on the table” [...]
Glencore heads towards final strait May 16, 2011 THERE is still time for it to all go horribly wrong but the signs are very much that the commodities trader Glencore is about to pull off a major triumph with its $11-$12bn flotation. The process, which began some weeks ago but was foreshadowed by months if not years of speculation, has been played out [...]
Glencore heads towards final strait May 16, 2011 THERE is still time for it to all go horribly wrong but the signs are very much that the commodities trader Glencore is about to pull off a major triumph with its $11-$12bn flotation. The process, which began some weeks ago but was foreshadowed by months if not years of speculation, has been played out [...]