Glencore Scraps London Listing Move

Glencore has scrapped plans to move its primary listing from London as part of a major overhaul to reverse its declining share price and stuttering production. Boss Gary Nagle confirmed on Wednesday the Anglo-Swiss commodities juggernaut was no longer assessing whether to move its main listing to New York, telling reporters it decided the move would not be “value accretive”. Glencore revealed earlier this year that alongside an root-and-branch operational review to root out inefficiencies, it was also reassessing its financial home,…