Glencore Slumps Below 2 Pounds a Share to Record Low in London
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Glencore Plc, the commodity trader and mining company headed by billionaire Ivan Glasenberg, slumped to a record in London trading amid a rout in commodity prices.
The stock fell below 200 pence for the first time, declining 0.7 percent to 199 pence at 8:07 a.m. in London. It’s plummeted more than 60 percent since a $10 billion initial public offering in London and Hong Kong in 2011, where the company sold shares at 530 pence each.