6 thoughts on “Crisis, but not for British fat cats

  1. Glencore profits from rising prices

    SWITZERLAND: Commodities giant Glencore reported a 7 per cent rise in yearly profits today, citing rising prices for key raw materials such as oil, copper and wheat, and steadily growing demand in developing countries.

    The Swiss-based transnational said net profit reached £2.6 billion in 2011, compared with £2.4bn the previous year.

    CEO Ivan Glasenberg said: “Emerging market urbanisation will continue to increase commodity intensity per capita as the demand for goods and products that industrialised societies take for granted increases.”

    http://www.morningstaronline.co.uk/news/content/view/full/116215

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