Glencore share price soars to make it FTSE’s biggest riser as debt pile shrinks more than expected November 4, 2015 Glencore is expecting net debt to fall to $25bn by the end of the year, as asset sales in Australia and Chile have helped shrink the miner’s mountain of debt. The embattled mining and trading giant, which has been struggling to reassure investors worried about the size of its debt pile, today announced a debt [...]
Exit the dragon: Moonpig founder Nick Jenkins rubbish tips, accurately exercising dogs and how to make a difference February 1, 2017 "My mental maths has certainly got loads better. They take your phone away so we have to do all the calculations in our heads, on the spot," says Nick Jenkins, the Dragons’ Den dragon, founder of Moonpig and businessman whose personal wealth stands at around £150m. Jenkins, who is leaving the BBC show at the end of [...]
Glencore’s equity placing attacked for ignoring shareholders’ rights September 17, 2015 The Institute of Directors (IoD) has slammed mining giant Glencore for its recent £1.6bn equity placing, saying that the firm’s “conduct falls short of what we would expect of a major global company”. Oliver Parry, senior corporate governance adviser at the IoD, said that Glencore’s decision “appears to be in direct contravention of the [...]
Coal industry urges UK government to reconsider carbon capture storage August 10, 2016 THE COAL industry is urging the new government to change its stance on support for the development of carbon capture storage (CSS). The World Coal Association, which represents FTSE-listed miners such as Glencore and Anglo American, has written to business secretary Greg Clarke asking him to better support the requisite technology in the UK. CCS would remove and store CO2 emissions [...]
FTSE 100 ends the week tantalisingly close to 7,000, pushed up by pharma – as housebuilders regain losses September 2, 2016 The FTSE 100 ended the day at 6,894.6 points – 2.2 per cent higher, and within spitting distance of that 7,000 mark. The index was pushed up by pharmaceutical and mining stocks, with Hikma Pharmaceuticals leading the pack, jumping 5.2 per cent to 2,185p. That was followed by Unilever, which rose 3.8 per cent to 3,663p – [...]
Glencore leads FTSE up as investors cheer debt plan September 8, 2015 TROUBLED miner Glencore was given a shot in the arm yesterday, and led the FTSE up after announcing plans to slash its debt by $10bn (£6.5bn). The firm’s share price rocketed by around 12 per cent yesterday morning, and closed trading up 7.02 per cent at 131.80p. The miner’s shares have fallen by around 60 [...]
FTSE 100 index: Miners Glencore and BHP Billiton have an up and down day but the FTSE closes up October 23, 2015 Basic resources were sharply higher yesterday, with Glencore and BHP Billiton among the risers, helping the FTSE 100 the end the session slightly higher. However, the UK’s main index lagged behind its European counterparts. While the FTSE 100 slipped during the day to a low of 6,321 points, it closed 0.44 per cent higher at [...]
Sainsbury’s and Glencore give FTSE 100 a three-digit lift – London Report October 1, 2015 The FTSE 100 enjoyed strong gains yesterday, helped by Sainsbury’s after the supermarket group lifted its full-year profit outlook. The blue-chip index climbed 152.37 points, or 2.6 per cent, to close at 6,061.61. Despite reporting a seventh straight quarter of falling sales, Sainsbury’s shares soared 13.8 per cent. Other supermarkets were also lifted, with Morrisons [...]
Glencore share price rises after chairman Tony Hayward buys more shares September 30, 2015 This is either a vote of confidence in the company's prospects, or a baby step towards a surreptitious management buyout – either way, one Glencore exec has decided to increase his stake in the commodities miner and trader today. Glencore chairman Tony Hayward has hoovered up an additional 100,000 shares at 91p per share, according to [...]
End of the world’s biggest ever credit boom means there will be more “Glencores” ahead September 29, 2015 It’s the great unwind show. Admittedly, Glencore’s latest problems may run deeper and look more specific, but together with Vale and Rio, the other great international mining houses plus their suppliers, like America’s Caterpillar, all are suffering the fall-out from the end of the world’s biggest ever credit boom. Oil is testing recent lows and [...]