|
|
25 May 2011
TS was intrigued to note the fanfare surrounding Glencore's listing on the London Stock Exchange.
The mining/commodities trader has received some negative press in recent weeks around its tax affairs. However, TS was more interested in a gushing analyst's view of the business.
City AM's analysis piece today touches on criticism Glencore has received over the opacity of its trading operation. But Numis Securities analyst Andy Davidson responded that the moment it's known how that operation works, Glencore "will lose its edge".
Heaven forbid Glencore enters into any trading difficulties, but if it were to do so then TS hopes analysts don't suddenly decide Glencore, or its auditors, should have done more to explain how their business works and the risks it takes.
You may also like
National Trust, Micheldever,Hants, Contract, Full Time
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment