Glencore Retains Its Primary Listing in London for Shareholders

• Glencore has decided to maintain its listing in London
• The company plans to cut expenses by $1 billion
• Glencore's net profit for the first half of the year increased to $655 million

The mining company Glencore has decided to retain its primary listing on the London Stock Exchange. This decision is seen as positive for the London market, as the company rejected proposals to relocate to the USA, which had been discussed since the summer of 2025.

After conducting a formal analysis, Glencore concluded that moving the listing would not bring benefits to shareholders. In the first half of 2025, the company reported a net profit of $655 million, which is almost three times higher than the $233 million profit from the same period last year.

In response to financial difficulties, Glencore announced a program to cut expenses by $1 billion, which includes reducing the number of jobs and optimizing energy and administrative functions. The company noted that despite the challenging macroeconomic situation, they fully committed to their choice to remain in London.

Glencore, which is valued at £35.9 billion, remains part of the FTSE 100 index, while the company stated that the question of the possibility of changing the listing will be monitored in the future. They emphasized that American fund markets are attractive, but at this time do not represent value for shareholders.

Tags: Europe/Economy