Tag #Stock Exchange

What are the immediate consequences of Glencore's potential move of its primary listing from London to New York?

Glencore, a mining group with a market value exceeding £40bn, is considering moving its primary share listing from the London Stock Exchange to New York, citing the potential for better valuation. This follows a trend of companies leaving London due to declining liquidity and lower valuations. The move, if it happens, would be a significant blow to London's position as a global hub for mining companies.