Glencore is engaged as a natural resource companies. Co. is organized and operates on a worldwide basis in three main business segments: Metals and minerals, which comprised of zinc, copper, lead, alumina, aluminium, ferroalloys, nickel, cobalt and iron ore; Energy products, which comprised of crude oil, oil products, steam coal and metallurgical coal; and Agricultural products, which comprised of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar supported by investments in storage, handling, processing and port facilities.
  • TickerGLEN
  • ISINJE00B4T3BW64
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryJersey

Analysts

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 06/12/2019 - € Corporate hybrides

€ Corporate hybrides : Un marché toujours attractif avec de nombreux rachats de titres en 2019 Australia & New Zealand Banking : Doit augmenter son CET1 de $A4,5 mds d’ici 2027 Swiss Re : Cède sa filiale ReAssure à Phoenix Group pour £3,25 mds Accor (Achat) : Cède 5% du capital du groupe hôtelier Huazhu Group pour $451m BP (Achat) : Augmente sa participation dans Lightsource BP à 50% Glencore (Conserver) : Fait l’objet d’une enquête au Royaume-Uni pour corruption K+S (Vente) : Moody’s abaisse et retire sa notation (Ba3) Expedia (A...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/12/2019 - Ageas - FR

Ageas (Achat) : Nouvelle émission d’un titre RT1 Bawag (Achat) : Cerberus cède 8% du capital Chubb : Emission de deux obligations en euros Repsol (Achat) : Dépréciation de €4,8 mds, mais améliore son positionnement ESG Exor (Achat) : Acquisition de 43,78% dans GEDI pour €102,5m Orange (Achat hybrides) : Cède 1 500 sites non-stratégiques en Espagne à Cellnex (Achat) Glencore (Conserver) : Revoit à la baisse ses perspectives pour l’exercice 2019 Atlantia (Conserver) : Moody’s abaisse sa note d’un cran à Ba1, la perspective est néga...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/12/2019 - Ageas - EN

Ageas (O/P): New RT1 (restricted tier one) issue Chubb: Issued Two Bonds In Euros (5Y and 10Y) Repsol (O/P): Impairment Charge Of €4.8bn, But Improves Its ESG Positioning Exor (O/P): Acquisition of 43.78% In GEDI For €102.5m High Yield: We Initiate An Outperform Recommendation (+) On International Design Group Orange (O/P On Hybrid Bonds): Sale of 1.500 Non-Strategic Towers To Cellnex (O/P) Glencore (M/P): Revises Its Outlook For 2019 Atlantia (M/P): Moody's Lowers Its Rating One Notch To Ba1, The Outlook Is Negative Ita...

Philip Morrish

Value Indicator - UK Basic Resources 02122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 02122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & materials, Telecoms and Utilities sector of quoted companies on the London Stock Exchange's main market.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 06/12/2019 - € Corporate hybrides

€ Corporate hybrides : Un marché toujours attractif avec de nombreux rachats de titres en 2019 Australia & New Zealand Banking : Doit augmenter son CET1 de $A4,5 mds d’ici 2027 Swiss Re : Cède sa filiale ReAssure à Phoenix Group pour £3,25 mds Accor (Achat) : Cède 5% du capital du groupe hôtelier Huazhu Group pour $451m BP (Achat) : Augmente sa participation dans Lightsource BP à 50% Glencore (Conserver) : Fait l’objet d’une enquête au Royaume-Uni pour corruption K+S (Vente) : Moody’s abaisse et retire sa notation (Ba3) Expedia (A...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/12/2019 - Ageas - FR

Ageas (Achat) : Nouvelle émission d’un titre RT1 Bawag (Achat) : Cerberus cède 8% du capital Chubb : Emission de deux obligations en euros Repsol (Achat) : Dépréciation de €4,8 mds, mais améliore son positionnement ESG Exor (Achat) : Acquisition de 43,78% dans GEDI pour €102,5m Orange (Achat hybrides) : Cède 1 500 sites non-stratégiques en Espagne à Cellnex (Achat) Glencore (Conserver) : Revoit à la baisse ses perspectives pour l’exercice 2019 Atlantia (Conserver) : Moody’s abaisse sa note d’un cran à Ba1, la perspective est néga...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/12/2019 - Ageas - EN

Ageas (O/P): New RT1 (restricted tier one) issue Chubb: Issued Two Bonds In Euros (5Y and 10Y) Repsol (O/P): Impairment Charge Of €4.8bn, But Improves Its ESG Positioning Exor (O/P): Acquisition of 43.78% In GEDI For €102.5m High Yield: We Initiate An Outperform Recommendation (+) On International Design Group Orange (O/P On Hybrid Bonds): Sale of 1.500 Non-Strategic Towers To Cellnex (O/P) Glencore (M/P): Revises Its Outlook For 2019 Atlantia (M/P): Moody's Lowers Its Rating One Notch To Ba1, The Outlook Is Negative Ita...

Glencore plc: Update to credit analysis

Our credit view of Glencore plc, reflecting the company's strong business profile and its financial policy of maintaining low leverage over the cycle.

Kiti Pantskhava

Kurdistan Oil & Gas: Minimising regional risk is key

We initiate coverage of the Kurdistan exploration and production (E&P) sector, assigning Buy recommendations to OILFLO 22s, DNONO 23s, DNONO 24s and Hold recommendations to GULFKY 23s, HKNENG 24s and SNMCN 23s, as well as reiterating our Buy on GENLLN 22s. Kurdistan E&Ps can be categorised into two distinctive groups – companies with high production coming from mature highly cash-generative assets offering high returns on investment; and companies with assets at an early stage of development, low production and high capex. Leverage is generally low, but bond yields incorporate high risk premiu...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior