LME’s B-share price draws industry fire

London Metal Exchange (LME) will issue a new tranche of B-shares priced at £65 each, a decision that has drawn criticism from industry insiders who highlighted that the price punishes companies who have recently bought the shares at higher prices.Trading of LME B-shares on JPMorgan Cazenove, the matched share dealing service through which LME shares are traded, was priced at £70 as recently as 19 June.This...