Glencore

The big event in May for the London stock market was the IPO of Glencore. Many investors are unsettled about the logic of listing companies on the LSE that have little or no economic footprint in the UK.

Commodities giant Glencore today said it is not mulling a bid for peer ENRC.

Shortsellers rounded on Glencore on the first day of official trading of shares in the commodities giant, casting a shadow over its blockbuster £37bn listing on the London stock exchange, the Guardian reports.

Neptune's Robin Geffen has warned investors against piling into Glencore despite a positive reaction from markets on its first full of trading.