Page 81 - Glencore News Today

The optimism sticks for now but overall risk sentiment remains slightly cautious

LONDON -Glencore said on Wednesday lower commodity prices had halved its earnings last year, and slashed its payout to investors, as the company saves to fund the acquisition of a 77% stake in Teck... -February 21, 2024 at 02:27 am EST - MarketScreener

HSBC was the latest bank to announce results, following Barclays and Natwest, but it slumped to the bottom of the FTSE 100.

By Christian Moess Laursen Glencore's earnings halved after coal prices retreated from the record highs that followed Russia's invasion of Ukraine. The...

By Christian Moess Laursen Glencores earnings halved after coal prices retreated from the record highs that followed Russias invasion of Ukraine. The worlds biggest miner by revenue...

Glencore’s full-year adjusted earnings came in at $17.1 billion after coal prices retreated from the record highs that followed Russia’s invasion of Ukraine.

STORY: Two commodities giants reported big falls in earnings on Wednesday ....

Glencore Plc reported a steep drop in annual profit and lowered its dividend, after markets retreated from the price spikes and wild swings that drove blockbuster earnings in the aftermath of Russia’s invasion of Ukraine.

Among the companies with reports and trading updates today are HSBC, BAE Systems, Rio Tinto, Heathrow, and Tate & Lyle.

European shares slipped on Wednesday, weighed by a drop in banks following HSBCs disappointing earnings, while investors awaited region-wide consumer confidence data. Banks lost 1%....