Latest news with #Plc
Bloomberg
5 days ago
- Business
- Bloomberg
Glencore Needs to Dig Deep to Stop Disappointing Investors
Welcome to our guide to the commodities markets powering the global economy. Today, reporter Thomas Biesheuvel examines Glencore's poor performance in recent years and what that means for its future. Glencore Plc might be known as a commodities trader, but the company makes its real money as a miner. Right now, that bit isn't going too well.
Bloomberg
6 days ago
- Business
- Bloomberg
Glencore Scraps Plans for New York Move in Boost to London
Glencore Plc scrapped plans to move its primary listing away from London after reviewing a potential move to New York. The company also reported a fall in its first-half profits as the commodity giant continues to be weighed down by weak prices for some of its most important products.
Bloomberg
04-08-2025
- Business
- Bloomberg
Metlen's Shares Gain in London Debut After Shift From Athens
Metlen Energy and Metals Plc 's shares rose in its debut on the London Stock Exchange on Monday after moving its primary listing from Athens, although trading in the stock was relatively thin. The firm's shares closed at €48.68 ($56.269) in London on Monday, 3.2% higher than the Athens-listed stock's closing price of €47.16 on Friday. Metlen, with a market capitalization of more than €6 billion, did not raise any new funds with the listing.
Bloomberg
31-07-2025
- Business
- Bloomberg
LSEG Raises Margin Guidance, Announces £1 Billion Buyback
London Stock Exchange Group Plc upgraded its margin guidance and announced a new £1 billion ($1.3 billion) share buyback in the second half of the year, as the bourse operator reported profit that beat analyst estimates. Pretax profit in the six months through June rose 43% from a year earlier to £991 million, the company said in a statement on Thursday, against the expected £751 million. Total income, excluding recoveries, was just shy of estimates at £4.5 billion in the first half.
Bloomberg
31-07-2025
- Business
- Bloomberg
UK Generator Drax Extends Buybacks With Investment on Hold
UK power generator Drax Group Plc will extend its share buyback program by £450 million ($597 million) over three years after it paused two major investments. The move by Drax takes total buybacks to £750 million. So far the company has completed about £272 million worth of buybacks out of the initial £300 million program it started last August. The pace has been faster than the company initially envisaged.
