UC RUSAL said to have delayed London listing

Russian aluminium giant UC RUSAL has decided to delay its much-talked-about listing on the London stock market due to the current market turmoil, according to the Financial Times, quoting “two people close” to the company. The decision was reportedly taken at a board meeting earlier this week. Ever since its creation through the merger of the two Russian aluminium producers—RusAl and SUAL—with the aluminium interests of Swiss trade house Glencore, a float of around 25% of the company's shares has been high on the London market's agenda. The company itself has said only it intended to seek a London listing within three years of its creation.