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Glencore shares surge; analysts say worry about firm's survival unjustified

Company has access to secure funding and plans asset sales to cut debt

At its height in 2014, Glencore was worth more than US$85 billion after its US$29 billion all-share takeover of Xstrata plc. Now, the market value has shrunk to about US$20 billion.


GLENCORE plc shares rallied to a one-week high and the cost to insure the company's debt against default dropped as analysts at Sanford C Bernstein & Co said concerns around the company's solvency are unjustified.

The stock rose 12 per cent to 106.85 pence at noon in...

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