H1 results were strong across divisions, largely due to supportive prices. Industrial managed to hit profit levels last seen in 2007, while trading remained robust. However, the recent regulatory/political uncertainties have taken a toll on Glencore’s fortunes. Unless a practical solution is reached on most of these, the way forward should remain patchy. Although, more shareholder rewards to divert the market’s attention cannot be ruled out.
09 Aug 2018
Healthy results, though recent difficulties remain a hot topic
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Healthy results, though recent difficulties remain a hot topic
Glencore plc (GLEN:LON) | 476 -3.3 (-0.1%) | Mkt Cap: 58,036m
- Published:
09 Aug 2018 -
Author:
Varun Sikka -
Pages:
5
H1 results were strong across divisions, largely due to supportive prices. Industrial managed to hit profit levels last seen in 2007, while trading remained robust. However, the recent regulatory/political uncertainties have taken a toll on Glencore’s fortunes. Unless a practical solution is reached on most of these, the way forward should remain patchy. Although, more shareholder rewards to divert the market’s attention cannot be ruled out.