Glencore Pays Out $4.45 Billion as Profit Doubles to Record

(Bloomberg) — Glencore Plc will return an additional $4.45 billion to shareholders in dividends and share buybacks after first-half profit more than doubled to a record thanks to surging coal prices.

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Glencore, the world’s top coal shipper, has been one of the biggest winners from the global energy crunch as demand for the fossil fuel surges. The company’s sprawling trading business is also benefiting from the volatility and market dislocations across commodities…

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