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.
The restaurant chain Bar Soba is planning expansion after a £3m Business Growth Fund (BGF) investment
Paul Boyle is appointed as the president of the Chartered Institute of Internal Auditors
More than 5,000 restaurant companies are at risk of insolvency as Brexit raises costs
Three new partners have been appointed at top ten firm BDO