Glencore Investor Urges Move of Primary Listing to Sydney From London, FT Reports
-- Glencore has been urged by activist investor Tribeca Investment Partners to shift its primary listing to Sydney from London, citing low appetite for mining investments on the London Stock Exchange, the Financial Times reports.
--The Australian hedge fund also called for the Swiss mining giant to scrap plans to spin off its coal unit, once the acquisition of Elk Valley Resources completes later this year, according to FT.
--In a letter to Glencore, the activist investor recommended increasing dividends by cancelling share buybacks and divesting a minority stake in its profitable trading division through an initial public offering, FT reports.
Full story: https://tinyurl.com/4jtpcm3d
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
March 14, 2024 08:29 ET (12:29 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now