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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
RIO Live PriceLast checked at -

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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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5 Jun 2023 07:45

LONDON BRIEFING: Stocks to rise; oil prices edge up on output cut

(Alliance News) - Stock prices in London were pointed higher on Monday, with equity investors digesting the latest developments in the energy market and with a string of economic readings for May due.

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5 Jun 2023 07:36

Broker tips: Dowlais, Rio Tinto, Dr Martens

(Sharecast News) - Jefferies initiated coverage of Dowlais - which was recently spun off from Melrose Industries - on Monday with a 'buy' rating and 155p price target, offering upside of around 21%.

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2 Jun 2023 17:40

Rio Tinto's California mine shifts trucks to run on renewable diesel

June 2 (Reuters) - Rio Tinto Plc said on Friday it has converted trucks and other heavy equipment at its California mine to run on renewable diesel, reducing carbon dioxide emissions by 45,000 tonnes per year, or roughly the equivalent of 9,600 cars.

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2 Jun 2023 16:57

LONDON MARKET CLOSE: Stocks higher after red-hot US jobs report

(Alliance News) - Stocks in London ended higher on Friday as markets digested the latest US employment report, which came in far hotter than expected, and cheered as a bill to raise the US debt ceiling passed the Senate.

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30 May 2023 11:43

Greatland Gold signs with Rio Tinto for Western Australia expansion

(Alliance News) - Greatland Gold PLC on Tuesday said it entered a farm-in and joint-venture deal with Rio Tinto Exploration Pty Ltd to expand its tenure in the Paterson province in Australia.

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26 May 2023 18:17

Glencore's shareholder opposition to climate report grows

LONDON, May 26 (Reuters) - Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions.

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26 May 2023 16:57

Mining stocks lift FTSE 100 higher, though UK equities log weekly declines

Kin & Carta cuts FY sales outlook, shares tumble

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26 May 2023 16:48

LONDON MARKET CLOSE: US debt ceiling deal optimism lifts FTSE 100

(Alliance News) - Stocks in London were mostly lower at the close on Friday, though the FTSE 100 ended in the green amid glimmers of hope that the impasse in US debt ceiling negotiations may soon draw to an end.

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26 May 2023 16:16

Glencore's shareholder opposition to climate report grows

LONDON, May 26 (Reuters) - Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions.

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26 May 2023 12:35

Credit investors wonder what a debt ceiling deal would mean for growth

STOXX 600 up 0.43%, miners to the fore

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26 May 2023 12:10

LONDON MARKET MIDDAY: FTSE 100 outperforms on boost from miners

(Alliance News) - Stock prices in London were largely lower at midday on Friday, though the FTSE 100 outperformed, as investors looked to the prospect of further interest rate hikes in the UK, while also tracking developments in the US debt ceiling impasse.

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26 May 2023 11:27

Solid markets are not what they seem

STOXX 600 up 0.1%, miners to the fore

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26 May 2023 09:42

Global aluminium producer seeks Q3 premium of $165/T from Japan buyers -sources

TOKYO, May 26 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $165 per tonne for July-September primary metal shipments, up 27%-32% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday.

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26 May 2023 09:41

LONDON BROKER RATINGS: RBC cuts Halfords; Berenberg likes Sabre

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

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26 May 2023 09:04

LONDON MARKET OPEN: Miners lift FTSE; Biden says US will avoid default

(Alliance News) - Stock prices in London opened mostly in the green on Friday, as a strong performance from miners helped to lift the FTSE 100 out of the week's slump amid fears of a US debt default.

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