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Glencore Stays in London Amid $1 Billion Cost Cuts

8/7/2025

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Summary

Story summary

Glencore will keep its main stock listing in London, opting against a move to New York.
A review showed no benefits for shareholders from changing listings.
The company plans to cut costs by $1 billion, including job reductions, due to increasing losses.
Glencore reported a net loss of $655 million, nearly triple last year's figures, driven by lower coal prices.
The firm will continue to assess market trends for potential future listing changes.

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Story summary

Glencore will keep its main stock listing in London, opting against a move to New York.
A review showed no benefits for shareholders from changing listings.
The company plans to cut costs by $1 billion, including job reductions, due to increasing losses.
Glencore reported a net loss of $655 million, nearly triple last year's figures, driven by lower coal prices.
The firm will continue to assess market trends for potential future listing changes.