Mining and commodities giant Glencore announced it would put $4.5bn back in shareholders pockets today after it reported record half-yearly profits of $18.9bn on the back of soaring metal prices and market volatility. The group’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $18.92bn in the six months to June, compared with $8.7bn a year earlier. Part of the return to shareholders will be made up of a bumper buyback programme of $3bn as bosses put excess cash to use. It comes as prices for much…
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