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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: 5,467.00
Bid: 5,464.00
Ask: 5,466.00
Change: 25.00 (0.46%)
Spread: 2.00 (0.037%)
Open: 5,475.00
High: 5,499.00
Low: 5,447.00
Prev. Close: 5,442.00
RIO Live PriceLast checked at -

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UPDATE 2-Miners boost FTSE 100; M&A activity pushes mid-caps to record highs

Mon, 02nd Aug 2021 09:40

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)

* Meggitt tops mid-cap index on takeover deal

* Senior gains on strong first-half earnings

* FTSE 100 up 0.7%, FTSE 250 adds 1.1%
(Updates to close)

By Shashank Nayar and Amal S

Aug 2 (Reuters) - London's FTSE 100 ended higher on Monday,
led by gains in mining stocks, while a slew of mergers and
acquisitions activity helped push mid-cap stocks to record
peaks.

The FTSE 100 rose 0.7%, led by base metal miners
with Anglo American, Rio Tinto,
Antofagasta, BHP Group gaining between 1.08%
and 3.48%.

The domestically focussed mid-cap index climbed 1.1%
to record highs, led by defence and aerospace company Meggitt
and asset management services provider Sanne Group
on takeover deals.

Meggitt surged 56.7% on a 6.3 billion pound takeover offer
from U.S. industrial firm Parker-Hannifin, while Sanne Group
jumped 7.6% on a $2 billion offer from Apex.

"UK stocks have long been considered cheap and this year's
M&A spree shows that overseas investors have finally got enough
confidence to pounce on opportunities after years of showing
little interest in the market," said Russ Mould, investment
director at AJ Bell.

The FTSE 100 has gained 9.6% so far this year and is nearly
9.7% away from its record high, supported by the reopening of
the economy and strong earnings.

However, it has largely underperformed its mid-cap and
European peers and currently trades at the cheapest valuation
among its peers, weighed by concerns around rising inflation and
surging coronavirus cases.

Meanwhile, a leading think tank National Institute of
Economic and Social Research forecast the British consumer price
inflation will reach 3.9% early next year, almost double the
Bank of England's target, but should fall back to 2% the year
after if the BoE begins to raise interest rates.

Britain's SSE gained 1.3% after it said it would
sell its 33.3% stake in gas distribution operator Scotia Gas
Networks for 1.225 billion pounds ($1.70 billion).

In earnings, British jet and auto parts supplier Senior Plc
rose 9.3% after it reported a first-half profit and kept
its annual outlook unchanged.

HSBC Holdings fell 0.3% even after it beat
forecasts with first-half pretax profit that more than doubled
from last year when it set aside $7 billion to cover
pandemic-related bad loans.

(Reporting by Shashank Nayar and Amal S in Bengaluru; Editing
by Subhranshu Sahu and Emelia Sithole-Matarise)

More News
8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

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8 Apr 2024 16:52

London close: Stocks rise at start of busy week

(Sharecast News) - London markets closed with gains on Monday as investors exercised caution ahead of key events later in the week.

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8 Apr 2024 08:44

Rio Tinto promotes copper head Bold Baatar to chief commercial officer

(Alliance News) - Rio Tinto PLC on Monday said it has promoted Bold Baatar, chief executive for copper to group chief commercial officer with effect from September 1.

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8 Apr 2024 07:43

LONDON BRIEFING: Astra hails neurology data; CVS flags cyberattack

(Alliance News) - London's FTSE 100 is called to open a touch higher on Monday, ahead of an interest rate decision in the eurozone and a US inflation reading later in the week.

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8 Apr 2024 07:22

Rio Tinto appoints new chief commercial officer

(Sharecast News) - Mining giant Rio Tinto announced the appointment of Bold Baatar to the position of chief commercial officer on Monday, responsible for overseeing its commercial and business development operations globally.

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5 Apr 2024 17:31

London stocks log weekly declines on geopolitical, rate uncertainty

FTSE 100 down 0.8%, FTSE 250 off 0.7%

*

Read more
4 Apr 2024 18:39

As Rio Tinto strives for 'impeccable ESG', investors raise water issues

LONDON, April 4 (Reuters) - Rio Tinto faced demands from shareholders at its annual meeting on Thursday to come clean on environmental issues, including water and biodiversity, as the company said it was committed to achieving an "impeccable ESG" performance.

Read more
4 Apr 2024 09:43

LONDON BROKER RATINGS: Berenberg likes 4imprint; Numis cuts CMC

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

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2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
30 Mar 2024 10:00

Canada's mild winter disrupts key ice road to remote Arctic diamond mines

TORONTO, March 30 (Reuters) - An unusually warm winter in Canada this year has delayed the opening of a 400-kilometer (250-mile) ice road that is rebuilt every year as the main conduit for Rio Tinto, Burgundy Mines, and De Beers to access their diamond mines in the remote Arctic region.

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28 Mar 2024 13:52

UK shareholder meetings calendar - next 7 days

Friday 29 March 
no events scheduled 
Monday 1 April 
no events scheduled 
Tuesday 2 April 
Catenai PLCGM re share issue
Wednesday 3 April 
Downing Strategic Micro-Cap Investment Trust PLCGM re approval of B share scheme
Thursday 4 April 
Rio Tinto PLCAGM
Scottish American Investment Co PLCAGM
TheWorks.co.uk PLCGM re Main Market delisting and AIM admission
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

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26 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat amid China-West tension

(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.

Read more
25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

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

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