Glencore goes straight into Footsie

Commodities giant Glencore will tonight become the first company in 25 years to be fast-tracked into London’s FTSE 100 Index after official trading in its shares got under way today.

Billionaire boss Ivan Glasenberg, whose personal stake in the group is worth around £5.8bn (€6.6bn), took part in the London Stock Exchange’s market opening ceremony this morning to mark the City’s largest flotation.