Commodity lift for mining giant

Mining giant Glencore has revealed higher commodity prices helped drive a near-70 per cent leap in underlying earnings to $6.7 billion (£5.2bn) for the six months to 30 June.

The Swiss firm, whose shares are listed on the London stock market, also upped its full-year earnings guidance for its trading arm by $100 million to between $2.4bn and $2.7bn.