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Pin to quick picksGlencore Share News (GLEN)

Share Price Information for Glencore (GLEN)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 460.70
Bid: 460.15
Ask: 460.35
Change: -7.25 (-1.55%)
Spread: 0.20 (0.043%)
Open: 466.50
High: 466.50
Low: 457.45
Prev. Close: 467.95
GLEN Live PriceLast checked at -

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FTSE 100 rises as healthcare, resource-linked gains offset China jitters

Mon, 16th May 2022 15:54

May 16 (Reuters) - UK's blue-chip index rose on Monday, aided by gains in healthcare and resource-linked stocks, though subdued data from China stoked slowdown concerns in the world's second-largest economy and kept sentiment in check.

The FTSE 100 index ended 0.6% higher, with pharmaceutical giants such as AstraZeneca and GlaxoSmithKline and oil majors Shell and BP among top boosts.

Data showed that China's retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted supply chains.

"It's no secret that there is some growth downside in China because of the zero-COVID strategy, so continue to expect the negative impact on data," Karim Chedid, head of investment strategy for iShares EMEA at BlackRock, said.

"The question is whether we've already seen the worst impact of the data."

Big miners including Glencore and Antofagasta rose along with industrial metal prices as China, the world's top metals consumer, set out plans to ease COVID-19 restrictions.

Consumer companies Unilever and Reckitt Benckiser were the biggest drags on the FTSE 100.

The domestically focussed midcap index ended flat.

Vodafone jumped 1.9% after telecoms group e& bought a 9.8% stake in the company for $4.4 billion.

Ryanair fell 0.2% after the airlines group said it was impossible to give a detailed forecast beyond hoping to return to "reasonable profitability" this year amid uncertainties over COVID-19 and the Ukraine war.

Technical products and services provider Diploma slid 5.7% after first-half results.

British baker and fast food chain Greggs slipped 0.5% after it said cost pressures were increasing as it reported a rise in first-quarter sales.

Bank of England Governor Andrew Bailey said he was "not at all happy" about the surge in inflation in Britain but added that he did not think the central bank could have done anything differently to prevent it. (Reporting by Sruthi Shankar and Amal S in Bengaluru; Editing by Aditya Soni, Rashmi Aich and Andrew Heavens)

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23 Jan 2024 17:10

FTSE 100 ends flat as insurers overshadow miners boost

Miners rise after talks of China stimulus

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19 Jan 2024 21:34

Viterra workers in Saskatchewan agree to new contract - union

WINNIPEG, Manitoba, Jan 19 (Reuters) - More than 400 Saskatchewan workers at grain handler Viterra have agreed the Rotterdam-based company's contract offer, their union said on Friday, averting a potential strike.

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18 Jan 2024 16:51

Glencore, Trafigura target spot prices for mined copper sales, sources say

LONDON/BEIJING, Jan 18 (Reuters) - Glencore and Trafigura are pushing Asian smelters to accept low spot prices for turning their mined copper into metal this year, as opposed to industry benchmarks that are much higher, three sources with knowledge of the matter said.

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18 Jan 2024 11:00

China widens South America trade highway with Silk Road mega port

CHANCAY, Peru, Jan 18 (Reuters) - In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on the Pacific coast, promising to turbo charge South America's trade ties with China.

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17 Jan 2024 19:12

Transnet plans to partially reopen coal line after derailment

Jan 17 (Reuters) - South African freight rail operator Transnet plans to reopen the first of two coal lines to the country's major coal export terminal on Thursday after it was blocked following a train collision last weekend, the company said on Wednesday.

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:00

LONDON MARKET MIDDAY: UK inflation uptick, weak China data hits stocks

(Alliance News) - Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations.

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17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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12 Jan 2024 15:07

Peru copper production in November up 10.9% from year ago

LIMA, Jan 12 (Reuters) - Copper production in Peru rose 10.9% in November from the year-ago month to 253,582 metric tons, the Andean nation's mining ministry said on Friday.

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12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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12 Jan 2024 07:47

LONDON BRIEFING: Burberry cuts guidance again amid luxury slowdown

(Alliance News) - Stocks in London are expected to make gains at Friday's market open, as investors assess the latest economic data from the UK, US and China.

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11 Jan 2024 09:24

LONDON BROKER RATINGS: BoA cuts Diageo; RBC likes Antofagasta

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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10 Jan 2024 16:51

Vale BM says decision to merge Canada nickel ops with Glencore a priority

RIYADH, Jan 10 (Reuters) - Vale Base Metals (VBM) is prioritising a decision on whether to combine its nickel operations in Canada's Sudbury basin with those of Glencore this year, a move that could reduce costs for both companies, its chairman said.

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8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

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8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

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