Anti-Brexit Vitol chief says weak pound helps, risks remain

Anti-Brexit Vitol chief says weak pound helps, risks remain
 

The head of energy trader Vitol who helped fund the unsuccessful campaign to keep Britain in the European Union said on Monday the pound's demise since the Brexit vote has helped to lower costs for his London offices.
Ian Taylor, also a donor to the ruling Conservative Party, told a Reuters Global Commodities Summit it was too early to say whether London could retain its global financial status because the rules dictating Britain's divorce from the EU have yet to be agreed.
Swiss-based Vitol, the world's largest independent energy trader with a turnover of $168 billion last year, has one of... read more

 
10 October 2016 in Business, Views: 39
Source: Reuters
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