Higher earnings at mining giant

Glencore has posted a rise in earnings for the half-year, but remained tight-lipped on an ongoing money-laundering probe by the US Department of Justice.

The mining giant said its adjusted earnings before interest, tax, depreciation and amortisation rose 23 per cent to $8.3 billion (£6.4bn) in the first half. The group also cautioned that market conditions would “remain volatile”.