Miner Glencore decides not to transfer the stock market list from London to the United States Glencore
FTSE 100 Miner Glencore decided to retain the study market study in London, and she refused to move to the United States in a batch of the London Stock Exchange.
The Swiss -based company said that converting its list away into a competitive arena like New York will not provide value to its shareholders, after making an official review of its options.
It was reported to a net loss of $ 655 million (492 million pounds) in the first half of 2025, approximately three times the loss of $ 233 million during the same period last year, amid low coal prices, copper production problems and the uncertainty caused by the tariff for stopping Donald Trump, including American metal imports. In response, the company launched a $ 1 billion program to try to enhance profits.
Glencore launched the listing review in February, with CEO, Gary Nagle, saying that the company needs to “obtain the correct and ideal assessment of our stock”, but on Wednesday he said that the company was happy with the London menu.
Many corporate heads have argued that the presence of an American initial list, or a secondary list known as the US deposit receipt, will provide British companies a higher assessment because there is a greater group of investors.
However, in a presentation was published along with its half -year results on Wednesday, Glencore said: “Among the main stock exchanges of global stocks, the scale and depth of American capital markets is unparalleled, but after we looked at costs and benefits … We do not believe that it becomes an American home source or owned the supported AdR program will be valuable for shareholders at this stage.”
The company has warned that the situation may change in the future, and will continue to monitor market developments and maintain this issue under review.
The value of Glencore is 35.9 billion pounds on Tuesday evening, making it the 21st FTSE 100 company depending on the market value. Her loss was one of the largest stocks on the London Stock Exchange.
The Ashtead Group, a 21 billion pounds of industrial equipment rental company, said in December that it had planned to transfer its basic list to New York. This was followed by Flute, the owner of Paddy Power, whose value is estimated at about 40 billion pounds in New York, the TUI travel company, and the food delivery company only eats ready -made meals to get rid of London to get other places.
Keeping its center in London will mean that Glencore will remain as part of the FTSE 100 index, while there will be uncertainty about whether it will be eligible to get the equivalent S&P 500 index in the United States without changing its home.
The change of its homeland can have significant tax effects, and some of the main fund investors may have been forced to sell their shares due to the limits of the place they can invest.
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Gilinkor said that her performance in the first half was “a comprehensive solid result, against the macroeconomic environment, which was severely affected by the uncertainty in the US tariff policy and tensions in the Middle East.”
Nagle described the company’s performance amid customs tariffs as positive despite the chaotic implementation of the White House.
“These are not a structural arbitration opportunities, as the customs tariff is announced on Monday, and changed on Tuesday and they were canceled on Wednesday,” he said.