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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: 5,623.00
Bid: 5,622.00
Ask: 5,624.00
Change: 101.00 (1.83%)
Spread: 2.00 (0.036%)
Open: 5,580.00
High: 5,655.00
Low: 5,563.00
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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14 Dec 2023 12:14

LONDON MARKET MIDDAY: Stocks up as BoE follows in footsteps of Fed

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England followed in the US Federal Reserve's footsteps and left interest rates unchanged.

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14 Dec 2023 05:01

Billionaire-backed KoBold Metals widens lithium hunt across four continents

JOHANNESBURG, Dec 14 (Reuters) - KoBold Metals, a California-based startup whose backers include billionaires Bill Gates and Jeff Bezos, is searching for lithium deposits across four continents, widening its hunt for metals the world needs for cleaner energy and electric vehicles.

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12 Dec 2023 16:00

London close: Stocks slip as investors digest US inflation

(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.

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12 Dec 2023 12:34

JPMorgan upgrades Rio Tinto to 'overweight'

(Sharecast News) - JPMorgan Cazenove upgraded Rio Tinto on Tuesday as it took a look at metals and mining stocks.

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12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

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12 Dec 2023 11:55

LONDON MARKET MIDDAY: FTSE 100 up as investors shake off US CPI nerves

(Alliance News) - The FTSE 100 in London were higher at midday Tuesday, despite investors cautiously eyeing a trio of interest rate decisions, as well as a US inflation reading on Tuesday afternoon.

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12 Dec 2023 09:26

LONDON BROKER RATINGS: JPMorgan raises Rio Tinto to 'overweight'

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

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12 Dec 2023 07:39

LONDON BRIEFING: UK unemployment unchanged at 4.2%; eyes on US CPI

(Alliance News) - Stocks in London are called to open higher, as investors digest the latest UK unemployment data, before turning their heads to US inflation.

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11 Dec 2023 11:57

LONDON MARKET MIDDAY: FTSE 100 makes slow start ahead of central banks

(Alliance News) - Stock prices in London were on the decline heading into Monday afternoon, with enthusiasm at a minimum ahead of an eventful week with central bank decisions on the horizon.

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11 Dec 2023 08:43

LONDON MARKET OPEN: FTSE 100 down as miners fall amid tepid China data

(Alliance News) - Stock prices in London opened a touch lower on Monday, in a slow start to a week stacked with interest rate decisions.

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7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

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

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6 Dec 2023 15:15

London close: Stocks rise as investors digest US jobs data

(Sharecast News) - London's stock markets finished with a positive performance on Wednesday, with the FTSE 100 and FTSE 250 both closing in the green.

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6 Dec 2023 11:14

UPDATE: Rio Tinto sets out investment plan; forecasts output growth

(Alliance News) - Rio Tinto PLC on Wednesday said it plans to deliver USD30 billion in capital investment to 2026, as production expected to grow.

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6 Dec 2023 09:10

Rio Tinto plans to begin Simandou mine production in 2025

(Alliance News) - Rio Tinto PLC on Wednesday said production at its Simandou mine is expected to begin in 2025, as it pledged to spend USD6.2 billion out of a total USD11.6 billion of initial capital funding.

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6 Dec 2023 07:04

Rio Tinto sees Guinea mine production starting 2025

(Sharecast News) - Anglo Australian mining giant Rio Tinto said it expected to start production from the Simandou iron ore joint venture in Guinea in 2025.

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