Miner Glencore to give $2bn to shareholders despite profit slump

2026-02-18 - 09:33

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 firm announced the payout on Wednesday despite reporting that annual profits slipped 6% on the previous year to $13.5bn. Continue reading...