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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: 5,522.00
Bid: 5,367.00
Ask: 5,620.00
Change: 0.00 (0.00%)
Spread: 253.00 (4.714%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 5,522.00
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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17 Jan 2024 17:01

Serbia wants talks with Rio Tinto over Jadar lithium project

BELGRADE, Jan 17 (Reuters) - Serbia wants to hold further talks with Anglo-Australian miner Rio Tinto about its lithium project in the country, President Aleksandar Vucic said on Wednesday, adding that there should also be more public discussion over whether it should go ahead.

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16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

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16 Jan 2024 07:02

Rio Tinto 2023 iron ore shipments rise 3%

(Sharecast News) - Anglo-Australian mining giant Rio Tinto on Tuesday reported a rise in annual iron ore shipments as a ramp up of production at its Gudai Darri mine in Western Australia offset mine depletion.

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16 Jan 2024 07:00

TOP NEWS: Rio Tinto backs guidance as iron ore output rises in 2023

(Alliance News) - Rio Tinto PLC on Tuesday backed its cautious guidance for 2024, as it provided annual production figures for 2023, eyeing a gradual recovery in China over the coming year.

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15 Jan 2024 22:25

Rio Tinto sees China's economy slowly recovering this year

MELBOURNE, Jan 16 (Reuters) - Rio Tinto on Tuesday said that it expects stimulus measures in China to drive a slow recovery in the world's biggest steel user as it reported its second highest-ever iron ore shipments in 2023.

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15 Jan 2024 21:38

Australian shares likely to open lower, NZ flat

Jan 16 (Reuters) - Australian shares were set to open lower on Tuesday, likely dragged by miners on falling iron ore prices, while investors will also look closely through

fourth-quarter production results of Rio Tinto         , the
world's largest iron ore producer.
The local share price index futures fell 0.3%, a
51.3-point discount to the underlying S&P/ASX 200 index
close. The benchmark closed flat on Monday.
New Zealand's benchmark S&P/NZX 50 index was flat at
11,772.48 points in early trade. (Reporting by Aaditya Govind Rao in Bengaluru Editing by Matthew Lewis)

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15 Jan 2024 21:26

Rio Tinto's fourth-quarter iron ore shipments fall 1%

Jan 16 (Reuters) - Rio Tinto on Tuesday reported a 1% fall in its iron ore shipments in the fourth quarter of 2023 even as it ramped up production at its Gudai Darri mine in Western Australia.

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12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

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12 Jan 2024 07:47

LONDON BRIEFING: Burberry cuts guidance again amid luxury slowdown

(Alliance News) - Stocks in London are expected to make gains at Friday's market open, as investors assess the latest economic data from the UK, US and China.

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11 Jan 2024 23:00

International Battery Metals leases lithium filtration plant for US production

Jan 11 (Reuters) - International Battery Metals on Thursday said it leased its portable direct lithium extraction (DLE) plant to a customer that aims to begin producing the metal needed for electric vehicle batteries inside the United States within six months.

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11 Jan 2024 09:24

LONDON BROKER RATINGS: BoA cuts Diageo; RBC likes Antofagasta

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

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9 Jan 2024 15:35

Mongolia needs mining investments ramp up to meet GDP target -finance minister

Mongolia aims to double GDP-per-capita to $10,000 before 2030

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9 Jan 2024 09:29

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Wednesday:

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8 Jan 2024 11:49

Aterian acquires 90% stake in firm holding four exploration licences

(Alliance News) - Aterian PLC on Monday said it has agreed to acquire a 90% controlling interest in Atlantis Metals Pty Ltd, via a share purchase agreement.

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27 Dec 2023 12:57

DIRECTOR DEALINGS: Two Rio Tinto execs sell GBP7.8 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced in the past week and not separately reported by Alliance News:

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