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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/26 11:37:05 am
4725 GBX   -0.87%
12:05pEuropean ADRs Move Higher in Tuesday Trading
MT
08:35aJPMorgan Cuts Rio Tinto PT, Keeps Overweight Rating
MT
05:20aRio Tinto, Carbfix Form Carbon Capture, Storage Partnership
MT
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Rio Tinto : FTSE 100 weighed down by Rio Tinto, Aviva leads gains

08/12/2021 | 12:05pm EDT
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London

(Reuters) - London's FTSE 100 closed lower on Thursday with Rio Tinto weighing the most as it traded ex-dividend, while insurer Aviva topped the blue-chip index on strong first-half earnings.

The FTSE 100 fell 0.4% with Rio Tinto slipping 5.5% as it traded ex-dividend, after logging record half-year earnings last month.

Oil majors BP and Royal Dutch Shell were also among the top drags on the FTSE after the International Energy Agency said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand. [O/R]

Insurer Aviva rose 3.5% and was the top gainer on the FTSE 100 after it reported a 17% rise in first-half operating profit and said it would return at least 4 billion pounds ($5.55 billion) to shareholders.

The domestically focused mid-cap index was flat. Cineworld was the best performer on the index after outlining plans for a U.S. listing.

Despite a volley of strong second-quarter earnings, the FTSE 100 has lagged its developed world in recent months due to having lower exposure to technology stocks, which tend to be more resilient to virus-related disruptions.

But the midcap index, which is trading near record highs, has benefited from optimism over an economic recovery in Britain.

Britain's economy grew by a faster-than expected 1.0% in June, boosted by the huge services sector, against a Reuters poll of economists that pointed to a monthly growth of 0.8%.

"While the headline UK GDP numbers show growth, we are still a long way from pre-pandemic levels with only government spending rising at good levels. But that cannot be said for the level of consumer spending, which is affecting investor sentiment to some extent," said Stefan Koopman, a senior market economist at Rabobank.

Stock Spirits surged 43.7% after the spirit maker agreed to a takeover by funds affiliated to private equity firm CVC in a deal valuing it at 767 million pounds ($1.1 billion).

(Reporting by Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu and Angus MacSwan)

By Shashank Nayar and Ambar Warrick


ę Reuters 2021
All news about RIO TINTO PLC
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Analyst Recommendations on RIO TINTO PLC
More recommendations
Financials (USD)
Sales 2021 62 768 M - -
Net income 2021 22 347 M - -
Net cash 2021 3 486 M - -
P/E ratio 2021 3,38x
Yield 2021 22,5%
Capitalization 78 288 M 108 B -
EV / Sales 2021 1,19x
EV / Sales 2022 1,51x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO PLC
Duration : Period :
Rio Tinto plc Technical Analysis Chart | RIO | GB0007188757 | MarketScreener
Technical analysis trends RIO TINTO PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 47,25 $
Average target price 73,31 $
Spread / Average Target 55,2%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
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