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 cent of the FTSE 100. Read the FT article

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