Glencore shareholders will receive almost £6bn after record profits

Mining and commodities firm’s pre-tax profit climbed 60% to £28.2bn last year, up £10.6bn from 2021

Glencore will give almost £6bn to shareholders after the mining and commodities company reported record pre-tax profits of more than £28bn in 2022, boosted by rocketing oil and coal prices.

The Switzerland-based group, one of the largest companies listed on London’s FTSE 100 by market capitalisation, announced a payout of £5.9bn ($7.1bn) to shareholders, including dividends and a new £1.2bn share buyback programme.