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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 Apr 2023 09:29

LONDON BROKER RATINGS: Citigroup raises Direct Line to 'buy'

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

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4 Apr 2023 08:15

Rio Tinto supports Energy Resources of Australia entitlement offer

(Alliance News) - Rio Tinto PLC on Tuesday said it will support Energy Resources of Australia Ltd's recently disclosed plans for an interim entitlement offer, which seeks to raise up to AUD369 million.

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4 Apr 2023 07:52

LONDON BRIEFING: Rathbone to merge with Investec's UK wealth arm

(Alliance News) - Stocks in London were called to open higher on Tuesday, after the Reserve Bank of Australia decided to pause interest rate hikes, while Rathbones and Investec agreed a combination to create a UK wealth manager with GBP100 billion in assets.

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31 Mar 2023 09:38

TOP NEWS: Rio Tinto teams with First Quantum Minerals for Peru mine

(Alliance News) - Rio Tinto PLC on Friday said it has entered into a deal with First Quantum Minerals Ltd to form a joint venture at the La Granja copper project in Peru.

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31 Mar 2023 07:52

Rio Tinto joins forces with First Quantum on Peru copper project

(Sharecast News) - Rio Tinto has agreed to sell a majority stake in its La Granja copper project in Peru to Canada's First Quantum Minerals for $105m.

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30 Mar 2023 23:48

Brazil's revenue service launches electronic invoice for gold to curb illegal mining

SAO PAULO, March 30 (Reuters) - Brazil's Revenue Service on Thursday mandated electronic invoices for gold trade when bullion is declared as a financial asset or foreign exchange instrument, a rule aimed at curbing illegal wildcat mining.

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30 Mar 2023 15:48

UK shareholder meetings calendar - next 7 days

Friday 31 March 
Angus Energy PLCAGM
Associated British EngineeringAGM
Brunner Investment Trust plAGM
Inland Homes PLCAGM
MediaZest PLCAGM
Pressure Technologies PLCAGM
Tekmar Group PLCAGM
Monday 3 April 
SuperSeed Capital LtdAGM
TwentyFour Select Monthly Income Fund LtdEGM re authority to allot and issue shares
Tuesday 4 April 
no events scheduled 
Wednesday 5 April 
Celsius Resources LtdGM re election of director and approval to issue AIM dual listing shares
Thursday 6 April 
Molecular Energies PLCGM re proposed amendments to terms of the IYA Loan
Rio Tinto PLCAGM
Scottish American Investment Co PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Mar 2023 09:54

LONDON BROKER RATINGS: SocGen cuts Next; Jefferies cuts CMC markets

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

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30 Mar 2023 09:11

LONDON MARKET OPEN: SSE rises on guidance; Drax falls on biomass snub

(Alliance News) - Stock prices in London opened higher in London on Thursday, as optimism returned to the markets and fears of banking crisis contagion faded.

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28 Mar 2023 17:00

LONDON MARKET CLOSE: Lingering bank fears cap blue-chip gains

(Alliance News) - Oil stocks and miners pushed London's FTSE 100 higher on Tuesday, as the turmoil from the past fortnight in the banking sector abated.

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28 Mar 2023 12:06

LONDON MARKET MIDDAY: Europe edges higher as banking stress easing

(Alliance News) - Blue-chip shares in Europe drifted off session highs but still were in the green heading into Tuesday afternoon, amid hope that a threatened global banking crisis is being kept in check.

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27 Mar 2023 17:12

European shares rebound as banking jitters ebb on SVB deal

Banks bounce back after Friday's sell-off

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27 Mar 2023 11:37

Bluejay Mining notes "encouraging" results from project in Finland

(Alliance News) - Bluejay Mining PLC on Monday said two holes were drilled in January at its Enonkoski joint-venture project with Rio Tinto PLC, with one of the holes returning "significant" intervals of sulphide droplets.

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27 Mar 2023 09:39

New deal forces Australia's worst polluters to cap emissions

(Alliance News) - Australia's biggest polluters will be forced to cut carbon emissions after the government struck a breakthrough climate deal Monday, saying it had finally ended "10 years of denial".

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27 Mar 2023 09:12

LONDON MARKET OPEN: Stocks rise as SVB asset purchase boosts sentiment

(Alliance News) - Stock prices in London opened higher, as the banking sector remains in the spotlight following news of the acquisition of assets of Silicon Valley Bank in the US.

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