Governance concerns rise after London IPOs

Posted on 17. Jun, 2011 by in Glencore, News, Vallar plc, Vallares

This FT article notes the trend for majority-owned companies such as Glencore and Vallares joining the FTSE100 leaving minority shareholders exposed. So far this year mining and resource companies have made up 70% of IPOs in London and now constitute around one third of the FTSE 100 Index. Read the article

Glencore is in dark ages

Posted on 19. May, 2011 by in Glencore, News

Andreas Missbach, managing director of Berne Declaration, an NGO inSwitzerland where the commodities giant is based, said Glencore stood out against others in the sector. “In terms of corporate responsibility, climate policy, CO2 emissions, Glencore is still in the dark ages compared to other major mining firms.” Read the full Guardian article

Resource stocks set to skew FTSE 100

Posted on 06. May, 2011 by in Glencore, News, Vallar plc

The anticipated inclusion of Glencore, the Swiss-based commodities group, in the FTSE 100 at the end of the month will tilt the index further towards resources and overseas trade. At the midpoint of the IPO range, Glencore will be valued at £37bn (including money raised). To put that figure in perspective, it is about 2.4 per [...]

Four billionaires at Glencore

Posted on 04. May, 2011 by in Glencore, News

I can’t recall a flotation like it, in terms of the sheer number of executives emerging as wealthy beyond most people’s wildest dreams or expectations – not even the conversion of Goldman Sachs into a public company or the listing of Google. Read Robert Peston’s blog