The commodities trading giant Glencore will pay a $1bn (£800m) US settlement and has indicated it will plead guilty to seven counts of bribery in the UK related to its oil operations in Africa.
Glencore, a member of the FTSE 100 index of Britain’s biggest public companies, said it would pay penalties of $700m to resolve US bribery investigations and $485m to resolve market manipulation investigations, with some reductions in anticipation of settlements in other countries.
