Rio Tinto PLC RIO shares rose 2.22% to £50.41 Friday, on what proved to be an all-around favorable trading session for the stock market, with the FTSE 100 Index UKX rising 1.35% to 8,505.22. Supported by world-class markets data from Dow Jones and FactSet,
The FTSE 100 index has powered to a new record, despite more gloomy economic data. The third successive advance of 1% came as hopes rose for more interest rate cuts. Retail sales volumes fell by 0.3%,
A merger with Glencore would give Rio a stake in the Collahuasi copper mine in Chile, one of the world’s richest deposits. Rio, like BHP, still relies heavily on its iron ore assets, demand for which is predominantly driven by China, where the outlook is coated in uncertainty.
Shares of Rio Tinto PLC RIO inched down 0.05% to £49.32 Thursday, on what proved to be an all-around positive trading session for the stock market, with the FTSE 100 Index UKX rising 1.09% to 8,391.90.
UK stocks make a comeback, as BoE rate cut bets soar.
The FTSE 100 rose 1.4% to hit record highs and logged its fourth straight weekly gain. The midcap index rose 0.3% and registered its best weekly performance since October 2023.
European stocks advanced for four consecutive weeks as miners rose on a report Rio Tinto Group and Glencore Plc have discussed combining their businesses. UK stocks rose to a record.
The FTSE 100 has topped its intraday record high after surging once again on Friday morning. An 83-point gain on Friday morning took the index to a peak of 8,475 and just past its previous all-time intraday record of 8,474, set last May.
The pound fell and London markets marched higher following lacklustre retail sales data and an eurozone inflation print.
The FTSE 100 index is a handful of points off its record intraday high, continuing this week’s strong performance by adding 0.9% or 75.17 points to 8467.17. Mining merger speculation fuelled the latest rise amid reports that Glencore and Rio Tinto ...
The FTSE 100 (^FTSE) headed to an all-time high on ... has helped calm some of these fears. Miner Rio Tinto (RIO.L) edged 1% higher on Friday, following reports that it had held early stage ...
We recently compiled a list of the 10 Best FTSE Dividend Stocks To Buy Now. In this article, we are going to take a look at where Rio Tinto ... of an index comprising the 100 largest companies ...