Latest news with #Nagle
The Advertiser
6 days ago
- Business
- The Advertiser
Glencore scraps plan for New York listing, flags cuts
Mining giant Glencore has scrapped proposals to move its main stock market listing away from London, but flagged job cuts as part of efforts to slash costs by about $US1 billion ($A1.5 billion). The Swiss company, one of Australia's largest coal producers with mines across NSW and Queensland, revealed earlier this year that it was considering switching its primary listing to New York. Glencore said on unveiling half-year results that moving its primary listing away from London would not deliver better value to shareholders in a welcome reprieve for the London Stock Market. CEO Gary Nagle said the company had extensively researched a move to the major exchanges around the world. "A move in our primary listing ... would not be value accretive for Glencore at this stage, having done that thorough analysis, and therefore we keep it on a watching brief, but will remain listed in London for the moment," he said. In a blow to its 150,000 workers globally, Glencore said it was targeting cost cuts of about $US1 billion by the end of 2026, of which more than half will be completed by the end of the year. It said savings would come from cutting its workforce as it streamlines its operations across "energy, consumables, contractors, maintenance and administrative functions". The cost-cutting drive came as Glencore posted a 14 per cent drop in underlying earnings to $US5.43 billion. Net losses nearly trebled to $US655 million from $US233 million a year ago. Glencore's shares have fallen 26 per cent in the last year, prompting analysts to suggest the miner might get a boost by a relisting in New York. However, Nagle said the decline was due at least in part to lower coal prices. with AAP and Reuters Mining giant Glencore has scrapped proposals to move its main stock market listing away from London, but flagged job cuts as part of efforts to slash costs by about $US1 billion ($A1.5 billion). The Swiss company, one of Australia's largest coal producers with mines across NSW and Queensland, revealed earlier this year that it was considering switching its primary listing to New York. Glencore said on unveiling half-year results that moving its primary listing away from London would not deliver better value to shareholders in a welcome reprieve for the London Stock Market. CEO Gary Nagle said the company had extensively researched a move to the major exchanges around the world. "A move in our primary listing ... would not be value accretive for Glencore at this stage, having done that thorough analysis, and therefore we keep it on a watching brief, but will remain listed in London for the moment," he said. In a blow to its 150,000 workers globally, Glencore said it was targeting cost cuts of about $US1 billion by the end of 2026, of which more than half will be completed by the end of the year. It said savings would come from cutting its workforce as it streamlines its operations across "energy, consumables, contractors, maintenance and administrative functions". The cost-cutting drive came as Glencore posted a 14 per cent drop in underlying earnings to $US5.43 billion. Net losses nearly trebled to $US655 million from $US233 million a year ago. Glencore's shares have fallen 26 per cent in the last year, prompting analysts to suggest the miner might get a boost by a relisting in New York. However, Nagle said the decline was due at least in part to lower coal prices. with AAP and Reuters Mining giant Glencore has scrapped proposals to move its main stock market listing away from London, but flagged job cuts as part of efforts to slash costs by about $US1 billion ($A1.5 billion). The Swiss company, one of Australia's largest coal producers with mines across NSW and Queensland, revealed earlier this year that it was considering switching its primary listing to New York. Glencore said on unveiling half-year results that moving its primary listing away from London would not deliver better value to shareholders in a welcome reprieve for the London Stock Market. CEO Gary Nagle said the company had extensively researched a move to the major exchanges around the world. "A move in our primary listing ... would not be value accretive for Glencore at this stage, having done that thorough analysis, and therefore we keep it on a watching brief, but will remain listed in London for the moment," he said. In a blow to its 150,000 workers globally, Glencore said it was targeting cost cuts of about $US1 billion by the end of 2026, of which more than half will be completed by the end of the year. It said savings would come from cutting its workforce as it streamlines its operations across "energy, consumables, contractors, maintenance and administrative functions". The cost-cutting drive came as Glencore posted a 14 per cent drop in underlying earnings to $US5.43 billion. Net losses nearly trebled to $US655 million from $US233 million a year ago. Glencore's shares have fallen 26 per cent in the last year, prompting analysts to suggest the miner might get a boost by a relisting in New York. However, Nagle said the decline was due at least in part to lower coal prices. with AAP and Reuters Mining giant Glencore has scrapped proposals to move its main stock market listing away from London, but flagged job cuts as part of efforts to slash costs by about $US1 billion ($A1.5 billion). The Swiss company, one of Australia's largest coal producers with mines across NSW and Queensland, revealed earlier this year that it was considering switching its primary listing to New York. Glencore said on unveiling half-year results that moving its primary listing away from London would not deliver better value to shareholders in a welcome reprieve for the London Stock Market. CEO Gary Nagle said the company had extensively researched a move to the major exchanges around the world. "A move in our primary listing ... would not be value accretive for Glencore at this stage, having done that thorough analysis, and therefore we keep it on a watching brief, but will remain listed in London for the moment," he said. In a blow to its 150,000 workers globally, Glencore said it was targeting cost cuts of about $US1 billion by the end of 2026, of which more than half will be completed by the end of the year. It said savings would come from cutting its workforce as it streamlines its operations across "energy, consumables, contractors, maintenance and administrative functions". The cost-cutting drive came as Glencore posted a 14 per cent drop in underlying earnings to $US5.43 billion. Net losses nearly trebled to $US655 million from $US233 million a year ago. Glencore's shares have fallen 26 per cent in the last year, prompting analysts to suggest the miner might get a boost by a relisting in New York. However, Nagle said the decline was due at least in part to lower coal prices. with AAP and Reuters
Perth Now
6 days ago
- Business
- Perth Now
Glencore scraps plan for New York listing, flags cuts
Mining giant Glencore has scrapped proposals to move its main stock market listing away from London, but flagged job cuts as part of efforts to slash costs by about $US1 billion ($A1.5 billion). The Swiss company, one of Australia's largest coal producers with mines across NSW and Queensland, revealed earlier this year that it was considering switching its primary listing to New York. Glencore said on unveiling half-year results that moving its primary listing away from London would not deliver better value to shareholders in a welcome reprieve for the London Stock Market. CEO Gary Nagle said the company had extensively researched a move to the major exchanges around the world. "A move in our primary listing ... would not be value accretive for Glencore at this stage, having done that thorough analysis, and therefore we keep it on a watching brief, but will remain listed in London for the moment," he said. In a blow to its 150,000 workers globally, Glencore said it was targeting cost cuts of about $US1 billion by the end of 2026, of which more than half will be completed by the end of the year. It said savings would come from cutting its workforce as it streamlines its operations across "energy, consumables, contractors, maintenance and administrative functions". The cost-cutting drive came as Glencore posted a 14 per cent drop in underlying earnings to $US5.43 billion. Net losses nearly trebled to $US655 million from $US233 million a year ago. Glencore's shares have fallen 26 per cent in the last year, prompting analysts to suggest the miner might get a boost by a relisting in New York. However, Nagle said the decline was due at least in part to lower coal prices. with AAP and Reuters
Yahoo
26-06-2025
- Automotive
- Yahoo
Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Honda Civic
Filling up your car is going to cost you money one way or another. For an electric vehicle, like a Tesla, you need to find a charging station to give your battery the juice it needs to operate. For other cars, like a Honda Civic, the price of gas can be fairly high if you are planning on getting a full tank at the pump. For You: Trending Now: So let's do the math: read below to find out what it actually costs to charge a Tesla each month compared to the price of gas for a Honda Civic in the same month. Joseph Nagle, head of Corporate Strategy at Pando Electric, broke down this question in a few ways, looking at monthly fuel costs, which will vary based on state, analyzing national costs versus two of the larger electric vehicles (EVs) states that also have a fairly wide variance between electricity pricing and gas. Nagle outlined an example based on 1,000 miles driven each month, with Tesla Model 3 efficiency clocking in at approximately 4 miles per kWh and Honda Civic coming to 33 MPG combined. When it comes to national averages, Nagle listed the cost of electricity at 15 cents per kWh while gas came to about $3.75 per gallon. Check Out: Looking at annual costs, Tesla Model 3's calculation is $37.50 per month (250 kWh x 15 cents), equaling $450 yearly and the Honda Civic calculation looks like $113.63 per month (30.3 gal x $3.75), equaling $1,363.56 yearly. This means that across the country, the savings go to Tesla at $76.13 a month, which equals $913.56 per year. To further illustrate the cost comparison between a Tesla and Honda Civic, Nagle analyzed two states: California, which has a high-cost market for transportation expenses and Florida's lower-cost region for fuel. In California, electricity costs on average 33 cents per kWh and gasoline is $4.78 per gallon. Examining annual vehicle costs in the state, the Tesla Model 3's bill comes out to $82.50 per month (250 kWh x 33 cents), equaling $990 a year, while the Honda Civic is $144.08 per month (30.3 gal x $4.78), equaling $1,728.96 a year. This means the Tesla has a savings of $61.58 a month or $738.96 per year. Florida, on the other hand, has average costs of 16 cents per kWh for electrics and $3.08 per gallon for gasoline. Factoring the yearly vehicle costs in Florida would have a Tesla Model 3 amounting to $480 a year based on $40 per month (250 kWh x 16 cents) and a Honda Civic at $1,119.84 a year coming from $93.32 per month (30.3 gal x $3.08). Again, the Tesla wins with $53.32 per month, adding up to $639.84 a year. In every scenario-national average, California's high-cost market and Florida's lower-cost region — Nagle had some insights to share. 'The Tesla Model 3 substantially outperforms the Honda Civic in terms of fueling costs. Even with California's significantly higher electricity prices, Tesla remains the cheaper choice monthly and annually,' Nagle said. 'This highlights a key advantage of EV ownership: regardless of location, driving electric consistently costs significantly less than fueling a gasoline-powered vehicle,' he added. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Warren Buffett: 10 Things Poor People Waste Money On I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Honda Civic
Yahoo
25-06-2025
- Sport
- Yahoo
Pittsburgh earns commitment from 2026 three-star New Jersey DL Logan Nagle
Pittsburgh is the choice for class of 2026 three-star defensive lineman Logan Nagle. He announced his commitment to the Panthers on Tuesday. The DePaul Catholic High School (Wayne, New Jersey) standout took an official visit to Pitt during the weekend of June 6 through June 8. He also took official visits to Indiana (May 1 through May 3), Boston College (May 30 through June 1) and Michigan State June 13 through June 15). Advertisement At Pittsburgh, Nagle will play under head coach Pat Narduzzi, defensive coordinator Randy Bates, defensive line coach Tim Daoust and the rest of the staff. Ultimately, Nagle pledged to the Panthers due to the staff's track record of developing defensive lineman, his fit in the defensive system and the comfortability he felt within the program. "I chose Pitt because of their long history of producing NFL D-linemen," Nagle told "(They have) a great defensive scheme, which is very D-line friendly. And all the love the coaches showed me and my family (also played a factor)." View on instagram Advertisement Nagle has grown close to just about everybody on the Pittsburgh staff. He has built especially close bonds with Daoust, his future position coach, and Narduzzi, his future head coach. However, Nagle has connections with many of the Panthers' staff members. "I have a great relationship with all of them," Nagle said about the Pitt staff. "I talk to Coach Daoust and Coach Narduzzi just about everyday. And I have great relationships with others on the staff, too." During Nagle's official visit to Pittsburgh, he was able to explore the city, spend quality time with the coaches, learn more about the Panthers' defensive scheme and more. "I got to see the whole city of Pittsburgh and got to learn a lot more about Pittsburgh football," Nagle noted about his official visit. "I really enjoyed sitting down and talking football with Coach Daoust and Coach Bates. It was amazing learning more of their scheme and how they teach it." In addition to the schools already mentioned, Nagle received offers from Central Florida, North Carolina State, Rutgers, Syracuse, Wake Forest, West Virginia, James Madison, Tulane and others. Advertisement A big component of Nagle's game is his versatility along the defensive line. The 6-foot-5, 275-pound New jersey native can play inside as a defensive tackle, or outside as a five-tech defensive end or elsewhere. Being able to play in multiple spots is important to Nagle. "They're letting me playing DE and DT, which was a big thing for me because I love having positional flexibility," Nagle said about the Pittsburgh coaches. "The best way to describe my game is I'm very versatile — I'm able to play across the D-line using my length and speed." As a junior, Nagle recorded 62 total tackles 11 sacks, six tackles for loss, 18 quarterback hurries, three forced fumbles and one blocked punt. He helped lead the Spartans to an 11-1 overall record and a NJSIAA Non-Public B state championship. Pittsburgh's 2026 class grows to 22 total commitments and ranks 32nd nationally.
Business Insider
25-06-2025
- Business
- Business Insider
National Bank Remains a Buy on Taseko Mines (TGB)
In a report released today, Shane Nagle from National Bank maintained a Buy rating on Taseko Mines (TGB – Research Report), with a price target of C$5.25. The company's shares closed today at $2.89. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Nagle is a 5-star analyst with an average return of 21.2% and a 70.04% success rate. Nagle covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Franco-Nevada, and Kinross Gold. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Taseko Mines with a $3.53 average price target, representing a 22.15% upside. In a report released on June 9, Stifel Nicolaus also maintained a Buy rating on the stock with a C$4.50 price target.
