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Pin to quick picksRio Tinto Share News (RIO)

Share Price Information for Rio Tinto (RIO)

London Stock Exchange
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Share Price: 5,201.00
Bid: 5,207.00
Ask: 5,209.00
Change: 25.00 (0.48%)
Spread: 2.00 (0.038%)
Open: 5,170.00
High: 5,248.00
Low: 5,170.00
Prev. Close: 5,176.00
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British equities rise as travel stocks rally after China lifts travel curbs

Thu, 10th Aug 2023 17:30

China eased travel restrictions

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Better than expected U.S. CPI data

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Rio Tinto, banks stocks weigh on ex-dividend trading

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FTSE 100 up 0.4% FTSE 250 adds 0.3%

Aug 10 (Reuters) - UK stocks closed at a one-week high on Thursday boosted by travel and luxury companies as China lifted pandemic-era curbs on foreign group tours, while a moderate increase in U.S. July inflation data boosted gains.

The FTSE 100 index added 0.4% while more domestically-focused FTSE 250 stocks rose 0.3%.

Travel and leisure shares rose 1.4% as China lifted bans on group tours for more countries, including Britain.

"This is huge for travel companies, which are in desperate need of a boost as they've been severely impeded for many years now. This is another step to return to normality," said Michael Baker, head of UK premium clients, at Capital.com.

Adding to the optimism, U.S. inflation increased moderately in July amid lower costs for goods, fuelling hopes the Federal Reserve could leave interest rates on hold next month.

The personal goods index was the session's biggest gainer, rising 2.9%, led by British luxury fashion brand Burberry Group after Bernstein increased price target on the stock.

Shares of Persimmon gained over 2.2% after the UK housebuilder said it expects annual profit to be in line with expectations.

Banks stocks Barclays, Natwest Group, HSBC Holdings were down between 0.6% and 1.2% as they traded ex-dividend.

Industrial metal miners fell 1.0%, with Rio Tinto's 3.3% drop weighing on the sector as the mining company's shares traded ex-dividend.

Among the companies reporting results, Deliveroo gained 3.5% as the food delivery firm lifted its earnings guidance for current financial year.

Savills dipped 10.7% after the real estate adviser "reduced" its annual expectations as it posted a 72% slump in half-year profit.

Petrofac slipped 4.5% after UK oilfield services provider reported a half-yearly loss.

Spirax-Sarco shares fell 2.3% after it reported first-half profit and revenue below expectations. (Reporting by Siddarth S, Shreyashi Sanyal, Rupali Chaudhary and Khushi Singh in Bengaluru; Editing by Savio D'Souza, Janane Venkatraman and Jane Merriman)

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29 Aug 2023 08:27

TOP NEWS: Rio Tinto completes sale of 55% stake in Peru copper project

(Alliance News) - Rio Tinto PLC on Tuesday said it has completed the agreement to sell a majority stake in the La Granja copper project in Peru to First Quantum Minerals Ltd, banking just over USD100 million and gaining a partner who will invest another half billion into the project.

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29 Aug 2023 07:49

LONDON BRIEFING: Bunzl profit up; Rio Tinto sells copper project stake

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29 Aug 2023 07:13

Rio and First Quantum seal partnership over La Granja

(Sharecast News) - British-Australian mining giant Rio Tinto said its La Granja copper project in Peru is one step closer to development after the completion of a joint venture transaction with First Quantum Minerals.

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25 Aug 2023 10:10

Global aluminium producer seeks Q4 premium of $120/T from Japan buyers-sources

TOKYO, Aug 25 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $120 per metric ton for October-December primary metal shipments, down 6% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday.

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24 Aug 2023 18:08

SFO drops 10-year probe into Rio Tinto, Eurasian Natural Resources

(Alliance News) - The Serious Fraud Office has dropped a 10-year probe into Rio Tino PLC and former FTSE 100 miner Eurasian Natural Resources Corp, saying it does not have enough evidence to prosecute.

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24 Aug 2023 17:47

UK's SFO drops probes into Kazakh miner ENRC, Rio Tinto

LONDON, Aug 24 (Reuters) - Britain's Serious Fraud Office (SFO) has dropped two high-profile corruption probes, into Kazakh miner ENRC and Australian-British miner Rio Tinto , according to updates on its website on Thursday, in the latest blow to the watchdog.

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22 Aug 2023 12:06

LONDON MARKET MIDDAY: US tech gains lift mood ahead of Jackson Hole

(Alliance News) - Stocks in London were on the up heading into Tuesday afternoon, as a tech rally in the US lifted the mood in Europe, helping the FTSE 100 eat into some of its August loss.

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18 Aug 2023 11:28

Director dealings: Rio Tinto non-exec, Aterian director make purchases

(Sharecast News) - Rio Tinto was on the list of director purchases on Friday, after it disclosed an investment made by an independent non-executive director.

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14 Aug 2023 11:52

LONDON MARKET MIDDAY: FTSE 100 down amid Chinese property worries

(Alliance News) - Stock prices in London were lower at midday on Monday, as worries surrounding the health of China continued to mount amid trouble in its real estate sector.

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14 Aug 2023 10:23

London midday: China concerns dampen sentiment on quiet day

(Sharecast News) - London stock markets were struggling for direction on Monday morning, as fresh concerns about China's economy and an absence of any new economic data or corporate earnings prompted investors to exercise some caution.

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14 Aug 2023 08:44

LONDON MARKET OPEN: Stocks weaken on China property fears; oil slips

(Alliance News) - In the absence of positive catalysts, stock prices in London took their cue from weak trading in Asia, starting the week in the red at Monday's market open.

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11 Aug 2023 15:14

FTSE 100 movers: Miners drop as risk appetite wanes

(Sharecast News) - There were just five stocks on the FTSE 100 making gains on Friday afternoon as investors chose a risk-off approach to trading ahead of the weekend, following some mixed economic data from the UK and US.

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11 Aug 2023 08:25

Rio Tinto and partners seal infrastructure deal for Guinea iron mine

(Alliance News) - Rio Tinto PLC and its Simfer joint venture has reached an agreement with the Guinean government and Winning Consortium Simandou for infrastructure development at the Simanoud iron-ore project.

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11 Aug 2023 08:18

London open: Miners lead stocks lower despite positive UK GDP

(Sharecast News) - UK stocks slipped lower on Friday, reversing gains made the previous session, as investors continue to digest a barrage of mixed economic data this week.

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11 Aug 2023 07:52

LONDON BRIEFING: UK GDP rise eases pressure on pound; Emis buy backed

(Alliance News) - The pound bounced back Friday morning after bullish UK gross domestic product data, though the FTSE 100 is called to open lower, giving back some of its progress in the week to date.

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