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Pin to quick picksRio Tinto Share News (RIO)

Share Price Information for Rio Tinto (RIO)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 5,311.00
Bid: 5,321.00
Ask: 5,323.00
Change: -41.00 (-0.77%)
Spread: 2.00 (0.038%)
Open: 5,342.00
High: 5,359.00
Low: 5,306.00
Prev. Close: 5,352.00
RIO Live PriceLast checked at -

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UK stocks close higher on commodities lift

Mon, 08th Apr 2024 17:15

FTSE 100 up 0.4%, FTSE 250 adds 0.7%

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U.S. CPI, UK GDP figures due later this week

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UBS raises price target on Easyjet, shares up

April 8 (Reuters) - The main UK share indexes rose on Monday, supported by miners as Shanghai copper prices touched record highs, while betting group Entain rallied on speculation of a potential takeover.

The commodity-heavy FTSE 100 closed 0.4% higher following a sluggish start to the session, while the midcap FTSE 250 index added 0.7%.

Shares of mining giants Rio Tinto, Glencore and Anglo American rose in the range of 1.9% and 4.2% as copper prices climbed to new peaks, catching up with a rally in other commodities on strong manufacturing data from top metals consumer China.

"Mining stocks have generally lagged but they may be starting to move now which is definitely a trend that's worth watching," said Russ Mould, investment director at AJ Bell.

Investors looked ahead to U.S. inflation and UK GDP figures later this week for clues on the path of monetary policy.

UK equities logged weekly losses on Friday after stronger-than-expected U.S. economic data prompted investors to scale back bets of several interest rate hikes from the Federal Reserve this year.

Britain's GDP data on Friday is expected to show the economy grew 0.1% in February, on a month-on-month basis, following a 0.2% rise in January.

"Wetter weather and lower oil/energy production will, we think, keep GDP from budging very much," said Sanjay Raja, senior economist at Deutsche Bank. "Looking ahead, we think the UK economy is at a turning point following on from its short and shallow recession last year."

A Deloitte survey showed concern about economic uncertainty among large British companies has fallen to its lowest since mid-2021, but the improved mood is not yet translating into stronger investment.

Among other stocks, Entain rose 5.2% after a Sunday Times report said private equity firms including Apollo were circling the betting and gaming group.

Easyjet gained 3.3% after UBS raised its price target on the airline's stock. (Reporting by Pranav Kashyap, Khushi Singh and Sruthi Shankar in Bengaluru; Editing by Mrigank Dhaniwala, Shounak Dasgupta and Christina Fincher)

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14 Sep 2023 14:54

Broker tips: Rio Tinto, Anglo American, Entain, IG

(Sharecast News) - JP Morgan upgraded its rating for Rio Tinto and raised target prices across the iron ore sector after turning more positive on the outlook for iron ore prices.

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14 Sep 2023 12:06

LONDON MARKET MIDDAY: Miners lift FTSE 100 ahead of ECB decision

(Alliance News) - The FTSE 100 was higher at midday on Thursday, shrugging off any nerves ahead of the European Central Bank's incoming interest rate decision amid a rally among blue-chip mining stocks.

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14 Sep 2023 09:22

LONDON BROKER RATINGS: JPMorgan ups Rio Tinto; Redburn likes Carnival

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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14 Sep 2023 08:57

LONDON MARKET OPEN: Stocks subdued ahead of ECB; Trainline shines

(Alliance News) - Stock prices in London opened mixed on Thursday, with the focus being the European Central Bank's interest rate decision in the afternoon.

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14 Sep 2023 08:05

JP Morgan lifts targets for iron ore miners, upgrades Rio Tinto

(Sharecast News) - JP Morgan has upgraded its rating for Rio Tinto and raised target prices across the iron ore sector after turning more positive on the outlook for iron ore prices.

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14 Sep 2023 07:41

LONDON BRIEFING: Trainline launches buyback as revenue rises 19%

(Alliance News) - Stocks in London are called higher, with all eyes on the interest rate decision from the European Central Bank later in the day.

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11 Sep 2023 17:03

LONDON MARKET CLOSE: FTSE 100 ends higher thanks to mining stock rally

(Alliance News) - The FTSE 100 ended in the green on Monday, lifted by a rally among mining stocks after data over the weekend provided some positive news for China's troubled economy.

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11 Sep 2023 11:45

LONDON MARKET MIDDAY: FTSE 100 boosted by China-exposed stocks

(Alliance News) - London's FTSE 100 was higher at midday Monday, amid optimism towards China which helped boost mining stocks, and ahead of a busy week of economic data and monetary policy decisions.

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11 Sep 2023 09:15

CORRECT: LONDON MARKET OPEN: FTSE 100 higher thanks to miners

(Correcting the day of the week in the opening sentence, and the closing percentages for US equities.)

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11 Sep 2023 09:10

LONDON MARKET OPEN: FTSE 100 higher thanks to miners

(Alliance News) - The FTSE 100 in London opened higher on Friday, thanks to miners rising on the back of some hopeful data that China's economy is improving.

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7 Sep 2023 16:56

LONDON MARKET CLOSE: FTSE 100 outperforms on bets of peak in UK rates

(Alliance News) - The FTSE 100 ended in the green on Thursday, after a weak start to the day, as the narrative around the future of UK interest rates shifted following dovish words from central bank chief Andrew Bailey.

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7 Sep 2023 15:57

London close: Stocks mixed as weaker pound lifts FTSE 100

(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.

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7 Sep 2023 09:01

LONDON MARKET OPEN: Melrose shines on guidance; Synthomer sinks

(Alliance News) - Stock prices in London opened in the red on Thursday, as concerns over oil prices, interest rates and weak Chinese data sapped risk appetite across global equities.

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5 Sep 2023 08:40

IN BRIEF: Rio Tinto hires new Aluminium chief from General Electric

Rio Tinto PLC - London-based miner - Hires Jerome Pecresse from General Electric Co to be chief executive of its Aluminium business, replacing Ivan Vella. Rio had announced back in June that Vella had accepted a new position outside the company, having served Rio for 20 years. Pecresse, a French citizen, was until recently CEO of GE Renewable Energy, having joined the US industrial conglomerate upon GE's acquisition of the energy activities of France's Alstom SA, where he also had led Renewable Energy. Pecresse will join Rio on October 23.

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