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The chief executive of the Swiss-based commodities trader saw his stake of almost 16% valued at just under £6bn at flotation in May.

Global M&A Declines 14% In Q4

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International M&A volumes decreased by 14% in the final quarter of 2011 compared to Q3 2011 and were down 18% compared to Q4 2010, according to the Ernst & Young M&A Tracker, released December 23rd.

Global IPO Fundraising Down 45% In 2011

Glencore IPO Still

After a promising start in the first two quarters, IPO activity dropped dramatically midway through the year, principally due to investors concerns about sovereign debt issues in Europe and Standard & Poor’s downgrade of US credit rating.

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FedEx to buy TNT Express for $4.8bn

U.S. courier delivery company FedEx has highlighted its intentions to expand globally with the purchase of Dutch-based rival TNT Express on Tuesday morning.