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Home News Miner Glencore to give $2bn to shareholders despite profit slump
Miner Glencore to give $2bn to shareholders despite profit slump
FTSE 100 company reports 6% fall in annual profits weeks after collapse of $260bn merger with Rio Tinto
Glencore is to give $2bn (£1.47bn) to shareholders after a turbulent year in which profits slumped and talks collapsed over a blockbuster $260bn merger with the fellow mining company Rio Tinto.
The FTSE 100 company announced the payout on Wednesday despite reporting that annual profits slipped 6% on the previous year to $13.5bn. Continue reading...
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