Glencore Plc shares plunged the most in nearly four months on Friday after news ...
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann
Shares of the FTSE 100 company, which have lagged other mining heavyweights this year, fell as much as 4.2 percent in early trading, and were down 3.6 percent at 309.85 pence by 0807 GMT. Glencore added that the investigations had a similar scope in terms of subject matter as the ongoing investigation by the U.S. Department of Justice.
“The CFTC investigation just reminds the market of the outstanding investigation once more and to have two sets of eyes on you must be uncomfortable,” Grant Sporre, an associate director at Macquarie said.
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