Glencore boss spends £10m

Glencore's chief executive Ivan Glasenberg has opened his wallet, splashing out nearly £10m on shares in the commodity trading house.

He took 2.25m shares at an average price of 435p a share and has already made a handsome profit of about £100,000.

The company added that Glasenberg plans to buy more shares.

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Glasenberg joined Glencore in 1984 and has been chief executive since 2002. He previously worked in the coal/coke commodity department in South Africa as a marketer, before spending two years in Australia as head of the Asian coal/coke commodity division.

Top Director Buys

Glencore International (GLEN)

Director name: Mr Ivan Glasenberg

Amount purchased: 2,250,000 @ 435.02p

Value: £9,787,950

Symphony International Holdings Ltd. (SIHL)

Director name: Mr Anil Thadani

Amount purchased: 169,864 @ $0.75

Value: $127,398

Symphony International Holdings Ltd. (SIHL)

Director name: Mr Anil Thadani

Amount purchased: 130,136 @ $0.75

Value: $97,094

Kofax (KFX)

Director name: Mr Reynolds Carl Bish

Amount purchased: 20,000 @ 290.00p

Value: £58,000

Tribal Group (TRB)

Director name: Mr Keith Evans

Amount purchased: 103,130 @ 48.06p

Value: £49,564

Centaur Media (CAU)

Director name: Mr Geoff Wilmot

Amount purchased: 72,000 @ 37.00p

Value: £26,640

Tex Holdings (TXH)

Director name: Mr C D Palmer-Tomkinson

Amount purchased: 28,000 @ 80.00p

Value: £22,400

Rockhopper Exploration (RKH)

Director name: Mr Kevin John Crowle

Amount purchased: 8,520 @ 233.55p

Value: £19,898