DIAMONDS & DOGS: Glencore beating expectations
Glencore CEO Ivan Glasenberg is blowing a large corporate raspberry towards those who predicted he would have to fall upon his wallet
GlencoreRemarkable as it may seem to attribute anything but the loftiest motives to those who buy ink by the barrel, there may have been just a hint of schadenfreude about the alacrity with which the commentariat jumped all over Glencore in its time of wobble. Perhaps it was the sheer scale of the fortunes amassed by its leadership team. And it was certainly not helped by CEO Ivan Glasenberg’s dismissive attitude to the concerns raised, but there was definitely a sharpening of the guillotine and a rush to the front row. It may be deeply disappointing for all the would-be tricoteuses who were expecting at least a sacrificial billionaire or two to stretch out their necks on the one-way block, but things are looking different now.Murray & Roberts not having a gasThe venerable Murray & Roberts is a complex beast, serving a wide variety of sectors in all manner of geographies. This diversity means there’s almost always going to be a nugget or two of good news, even in the most trying of ...
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