Glencore’s fragile results were a combination of difficult market conditions and various internal issues. Profitability slumped to levels unseen for the past few years, with the headwinds in industrial being far more severe than trading. While a number of restructuring initiatives are expected in the coming months, any immediate turnaround seems difficult. Hence, investors looking to reap the benefits of Glencore’s dominance in EV-related materials and commodities trading need to
07 Aug 2019
Weak H1 results; testing times may last (a bit) longer
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Weak H1 results; testing times may last (a bit) longer
Glencore plc (GLEN:LON) | 436 0 0.0% | Mkt Cap: 53,204m
- Published:
07 Aug 2019 -
Author:
Varun Sikka -
Pages:
5
Glencore’s fragile results were a combination of difficult market conditions and various internal issues. Profitability slumped to levels unseen for the past few years, with the headwinds in industrial being far more severe than trading. While a number of restructuring initiatives are expected in the coming months, any immediate turnaround seems difficult. Hence, investors looking to reap the benefits of Glencore’s dominance in EV-related materials and commodities trading need to