IN BRIEF: Glencore hopeful of resolution to investigations this year

Writer,

Glencore PLC - Baar, Switzerland-based commodity trader and miner - Says it expects to resolve its US, UK and Brazilian investigations this year. Will appear in US and UK court later on Tuesday in connection with ‘proposed resolutions’. In February, the company said it had set aside a $1.50 billion provision for probes involving the US Department of Justice, the US Commodity Futures Trading Commission, the UK Serious Fraud Office, and the Brazilian Federal Prosecutor's Office. Expects to issue an announcement when the court hearings conclude.

Current stock price: 524.60 pence

12-month change: up 72%

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