Glencore leads FTSE higher with 10% jump

Follows volatile trading in Hong Kong

Glencore is leading the FTSE 100 in mid-morning trading with a rise of 10%, following a volatile day in Hong Kong which saw the stock jump more than 70%.

The mining firm, which has experienced strong volatility in its share price over the past two weeks, saw a 72% surge in its share price in Hong Kong on Monday. It was trading 10.3% higher by 11.40am in London, at 105p, having fallen as low as 73p over recent weeks. The wider FTSE 100 index was up 2.1% at 6,259. The shares jumped after the firm's senior management said it would consider an approach for the takeover of the entire business. It was also revealed the firm is in talks over the sale of a stake in its agriculture business, which could be worth around $2bn. Following the un...