Glencore boss splashes out again

Glencore chief executive Ivan Glasenberg has stayed true to his promise to buy more shares in the commodity trading house, splashing out £13.5m.

Glencore chief executive Ivan Glasenberg has stayed true to his promise to buy more shares in the commodity trading house, splashing out £13.5m.

The purchase comes after Glencore announced on Friday that he had spent £10m on shares. On Friday, Glencore said that Glasenberg had told the company that he will seek to buy shares up to the value of about $54m ahead of 21 September, when a close period begins, meaning directors cannot buy shares.

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