Glencore Built Its Empire on Coal. Now It’s Preparing to Say Goodbye

Good Morning,

Luxon going through coalition deal 'line by line', but 'more work to do', Infratil books $1b One NZ gain, boosts full year forecast, Mars to buy Britain's Hotel Chocolat for $662m, Steadfast poised to launch $280m equity raising; two brokers on ticket, FTSE 100 struggles after rally as Burberry drags, Glencore Built Its Empire on Coal. Now It’s Preparing to Say Goodbye and US student gets life for murdering teacher over a bad grade.

Let's jump in.

Before The Bell

Markets

• FTSE 100 struggles after rally as Burberry drags (RT)

Earnings and Data

• Infratil books $1b One NZ gain, boosts full year forecast (NBR)

News Summary

• Luxon going through coalition deal 'line by line', but 'more work to do' (Stuff)

• Man shot dead by police after threatening woman with screwdriver in Wainuiomata (Stuff)

• US student gets life for murdering teacher over a bad grade (Stuff)

• Glencore Built Its Empire on Coal. Now It’s Preparing to Say Goodbye (BBG)

• Kenya Gets $938 Million More From IMF With Eurobond Coming Due (BBG)

• Hamas Chief Who Deceived Israel Is Target No. 1 Deep Underground (BBG)

• Opportunities exist in China but ‘tread carefully’: Janus Henderson (AFR)

• Supie didn’t keep annual financial statements (NBR)

• Beneficial trusts and the new 39% personal income tax rate (NBR)

• A2 Milk eyes ‘large outlay of capital’ on acquisitions (NBR)

• Investore reports widening losses due to property revaluations (NBR)

• Biden, Xi's 'blunt' talks yield deals on military, fentanyl (RT)

• Western investors spooked as Moscow mulls compulsory share purchase plan (RT)

Deal Flow

Investments / M&A

• Michael Hintze sells $20b firm to Canadian giant (AFR)

• France’s Vinci throws its beret in the ring for Queensland Airports (AFR)

• Mars to buy Britain's Hotel Chocolat for $662m (RT)

VC & Fundraising

• VC Firm Co-Owned by California Pensions Debuts With $1 Billion (BBG)

• TradeWindow raises $500,000 from founders and new investor (NBR)

Equity Raises

• Terms out for Karoon Energy, Steadfast Group’s equity raises (AFR)

• Peninsula Energy in $50m raising; Shaws, Canaccord on ticket (AFR)

• Steadfast poised to launch $280m equity raising; two brokers on ticket (AFR)

Daily Picks

• Two former NBA players are convicted over roles in health care fraud (RT)

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