BREAKING NEWS

BREAKING NEWS

Glencore increases full-year marketing guidance again

Now Reading:

Glencore increases full-year marketing guidance again

Text size Aa Aa

LONDON (Reuters) – Glencore <GLEN.L> on Monday increased its full-year marketing guidance for earnings before interest and tax (EBIT) to between $2.6 billion (1.98 billion pounds) and $2.8 billion from $2.4 billion to $2.7 billion, previously. The revision follows Glencore’s continued recovery from the commodity price crash of 2015-16. At the start of the year, Glencore’s EBIT guidance for its marketing or trading division was $2.1 billion to $2.4 billion.

(Reporting by Barbara Lewis; editing by Jason Neely)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.