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

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