Stock Movers Glencore Slides, BAE Boosted, Carrefour Drops
Feb 18, 2026
Coverage of a major miner’s profit fall despite a $2bn shareholder return and struggles in copper production. Discussion of a new DRC deal aimed at boosting output. Analysis of a defence contractor’s record year and upbeat guidance amid rising military budgets. Report on a supermarket’s weaker-than-expected results and disappointing free cash flow.
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Glencore's Mixed Results And Fixes
- Glencore's profit fell despite record copper prices because coal weakness offset gains.
- The planned $2 billion shareholder return and a DRC land deal aim to restore investor confidence.
Copper Is The Strategic Driver
- Copper is the strategic asset driving Glencore's valuation amid energy transition demand.
- Production has missed targets, but a DRC land agreement signals steps to boost output.
BAE Riding Sustained Defense Momentum
- BAE expects sales and earnings to remain strong after a record 2025, reflecting sustained defense spending.
- Analysts see this as a long-term story with potential for continued high single-digit revenue growth.