UK court awards Noble $38 mln in aluminium case

LONDON, June 26 (Reuters) - A British court awarded Hong Kong based commodities trading firm Noble Group (NOBG.SI) $38 million in damages against an employee after losses arising from large speculative positions in aluminium futures.

In a ruling published on Friday, Philip Gross was accused of participating in the build up of large speculative positions in the aluminium market, that exceeded authorised limits, and concealing them from Noble's management.

(Reporting by Pratima Desai and Veronica Brown; editing by Keiron Henderson)