Glencore Posts Strong Results While Copper Growth Progresses
Dow Jones08-05
0813 GMT - Glencore reports strong earnings although much of the key financials were revealed alongside its production report last week, RBC Capital Markets analyst Ben Davis writes. Its copper pipeline is also progressing, he adds. The commodity giant is planning a secondary listing on Australia's ASX. The company might be seeking access to mining-friendly investors, or making its name more well known should it decide to have another go at merging with Rio Tinto, he says. Shares rise 3.7% to 571.6 pence.
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