Miner Glencore decides against moving stock market listing from London to US

Company, which has reported 37% drop in profits, says switch would not present value for shareholders

The FTSE 100 miner Glencore has decided to retain its stock market listing in London, rejecting calls for it to move to the US in a boost for the London Stock Exchange.

The Swiss-headquartered company said that shifting its listing away to a rival bourse such as New York would not present value for its shareholders, after carrying out a formal review of its options.