Advertisement
UK markets close in 5 hours 37 minutes

  • FTSE 100

    8,117.25
    +38.39 (+0.48%)
     

  • FTSE 250

    19,834.50
    +232.52 (+1.19%)
     

  • AIM

    755.61
    +2.49 (+0.33%)
     

  • GBP/EUR

    1.1657
    +0.0001 (+0.01%)
     

  • GBP/USD

    1.2516
    +0.0005 (+0.04%)
     

  • Bitcoin GBP

    51,469.30
    +420.35 (+0.82%)
     

  • CMC Crypto 200

    1,392.70
    -3.83 (-0.27%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    83.91
    +0.34 (+0.41%)
     

  • GOLD FUTURES

    2,360.20
    +17.70 (+0.76%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,049.53
    +132.25 (+0.74%)
     

  • CAC 40

    8,034.96
    +18.31 (+0.23%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Glencore starts "business rescue" at South Africa coal unit

Reuters - UK Focus

JOHANNESBURG, Aug 4 (Reuters) - Glencore (Xetra: A1JAGV - news) has begun a business rescue process at its South African coal unit due to "unsustainable financial hardship" in supply agreements with power utility Eskom, the company said on Tuesday.

Glencore, which also planned to cut jobs, has been supplying coal to the state-owned utility for less than the cost of production, the company said in a statement. (Reporting by Zandi Shabalala; Editing by Joe Brock)