RIO News: FTSE 100: Glencore to return $4.5bn to investors after record profits - 4th Aug 2022, 6:02pm

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Shares in Glencore fell in early trade on Thursday. Photo: Per-Anders Pettersson/Getty

Glencore (GLEN.L) announced on Thursday it will return an additional $4.5bn (£3.7bn) to investors in dividends after bumper profits that more than doubled thanks to surging coal prices.

Shares in the FTSE 100 (^FTSE) commodity giant fell as much as 1.8% in early trade in London.

Prices for coal soared this year as the global energy crisis, exacerbated by Russia's invasion of Ukraine, boosted demand for f...

>>> Read more: FTSE 100: Glencore to return $4.5bn to investors after record profits
 
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