Unscheduled statement follows Citi analysts branding the recent share price plunge as an overreactionGlencore has attempted to calm growing concerns approximately its finances,insisting it is “operationally and financially robust” despite volatile trading in the commodity group’s shares.
In an unscheduled statement, Glencore said it had “no debt covenants and continues to retain strong lines of credit and secure access to funding. Related: Glencore should possess prepared better for China slowdown Related: Glencore: how did it go so mistaken, and again? Continue reading...
Source: theguardian.com