GLENCORE PLC (GLEN)

GLENCORE PLC (GLEN)

Blog posts

Amlin and Glencore – Market surprises, but not at Berkeley

This morning a takeover bid for insurer Amlin was announced by Mitsui Sumitomo Insurance. A cash offer of 670p which represents a premium of 34.5% to last nights closing price. With Amlin having been warning for some time about increased competition in the catastrophe insurance sector, this is surely a done deal assuming they can get over any regulatory hurdles. I was going to write that unlike many mega deals the news seemed not to have leaked out in advance, but it's ...

ShareSoc News

Government delivers a damp squib on executive pay

Press Release 97 - Joint Press Release from UKSA and ShareSoc Bizarre move to publish register of pay offenders managed by non-independent industry fund manager body the Investment Association Positive steps re Stakeholders via FRC consultation on S172 reporting Retail shareholders have been ignored again. The government's long awaited package of reforms on corporate governance was published this morning. The main components of the reforms had already been widely 'leaked' to the media. This morning's publication confirms that the proposals fall well short ...