Glencore shares tumble to record low as earnings fall

Shares in Glencore fell to a fresh low of 159.5p during morning trading on the London Stock Exchange on Wednesday August 19.

The miner’s share price was at times down more than 9% from its close on Tuesday August 18 following the announcement that earnings had fallen 29% in the first half of the year.
Wednesday’s tumble was a “reversal of yesterday’s outperformance”, Glencore ceo Ivan Glasenberg said.


Charlotte Radford

August 19, 2015

15:00 GMT