Glencore unveils $1.5 billion payout and Australian listing plans as earnings soar

Glencore PLC (LSE:GLEN) reported an 86% jump in first-half earnings and announced an additional $1.5 billion of shareholder returns as it enjoyed a boost from higher commodity prices and volatile energy markets. Underlying profit (adjusted EBITDA) rose to $10.11 billion from $5.43 billion a year earlier, on revenue that increased 49% to $174.4 billion.