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.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
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Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February