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Glencore looks to leave London Stock Exchange as falls into loss
Glencore looks to leave London Stock Exchange as falls into loss
by  AFP

Swiss mining and commodity trading giant Glencore said Wednesday it was considering shifting its stock listing from London after it stumbled into a net loss last year on falling coal prices and writing down the value of assets. - Coal business take a lump - The company earlier Wednesday reported $1.6 billion net loss for 2024 compared to a net profit of nearly $4.3 billion the previous year.

Asset writedowns push Glencore into $1.6 bn loss for 2024
Asset writedowns push Glencore into $1.6 bn loss for 2024
by  AFP

Swiss mining and commodity trading giant Glencore said Wednesday that falling coal prices and writedowns to the value of its assets pushed it into a net loss for 2024. The $1.6 billion net loss for fiscal year 2024 compared to a net profit of nearly $4.3 billion the previous year, the company said in a statement.

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