Glencore Energy Reaches £280.97 Mln Settlement To Resolve Probe By UK Serious Fraud Office

RTTNews | 923 days ago
Stocktwits
Glencore Energy Reaches £280.97 Mln Settlement To Resolve Probe By UK Serious Fraud Office

(RTTNews) - Glencore Energy UK ltd., the U.K. subsidiary of Glencore plc (GLCNF.PK, GLNCY.PK, GLEN.L), announced Thursday it has fully resolved investigation by UK authorities and will pay financial penalty and costs of £280,965,092.95 in respect of the previously announced resolution of the UK Serious Fraud Office (SFO) investigation.

The penalty was determined by the Southwark Crown Court, where the company previously admitted to five counts of bribery and two counts of failure to prevent bribery under the UK Bribery Act 2010.

The settlement is part of previously announced coordinated resolutions of investigations by authorities in the US, UK and Brazil into past activities in certain Group businesses related to bribery, and separate US investigations related to market manipulation.

The aggregate payments to resolve the UK, US and Brazilian investigations do not differ materially from the $1.5 billion provision recorded in Glencore's fiscal 2021 results.

Glencore noted that it continues to cooperate with a previously disclosed and ongoing investigation by the Office of the Attorney General of Switzerland (OAG) into Glencore International AG for failure to have the organisational measures in place to prevent alleged corruption, and an investigation of similar scope by the Dutch Public Prosecution Service.

Tags: GLCNF.PK GLEN.L GLNCY.PK
Stocktwits
read more
Teck Resources Rejects Unsolicited Acquisition Offer From Glencore

Teck Resources Rejects Unsolicited Acquisition Offer From Glencore

Teck Resources Ltd. (TECK, TECK.A.TO) announced Monday that the Board of Directors of Teck has received and unanimously rejected an unsolicited and opportunistic acquisition proposal from Glencore plc (GLCNF.PK, GLNCY.PK, GLEN.L), which would see that company acquire Teck and subsequently separate to create two businesses, which would expose Teck shareholders to thermal coal and oil trading.
RTTNews | 772 days ago
Commodity Currencies Slide, Yen Rises Amid Cautious Trade

Commodity Currencies Slide, Yen Rises Amid Cautious Trade

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, as traders remain cautious amid continued uncertainty surrounding U.S. President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K.
RTTNews | 4 minutes ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 2h 20min ago
European Markets Seen Opening Weak On Thursday

European Markets Seen Opening Weak On Thursday

Stock markets in Europe are expected to open on a weak note on Thursday amidst fading enthusiasm regarding the de-escalation in global trade tensions. Absence of fresh catalysts on the trade front, a cooling tech rally as well as anxiety ahead of a speech by Fed Chair Jerome Powell are also expected to keep market sentiment muted.
RTTNews | 2h 20min ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Press Release
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.