Shares of Glencore Plc, the worst performer on the U.K.’s benchmark index this year, headed for their biggest weekly gain in more than three years after the miner and commodity trader on Monday announced a $10 billion debt-reduction plan.
The stock advanced 3 percent to 136.90 pence by 1:39 p.m. in London Friday, extending the increase this week to 11 percent. A close at this level would mark the stock’s best weekly performance since February 2012.
Read the full story at Bloomberg, by Jesse Riseborough
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