Rio Tinto shares slip as iron ore beat masks 15-million-tonne second-half test
Rio Tinto plc fell 1.0% to 6,658 pence by 09:55 BST. The London market was open.
Rio Tinto (LON:RIO) Advances Ahead of Results, Iron Ore Performance Seen as Key
Rio Tinto’s London-listed shares have gained 2.13% in the past five sessions as the miner heads into Wednesday's half-year results. Over the same period, Dalian iron ore recorded its steepest weekly decline in six weeks.
Rio Tinto Stock Faces an 84 Million-Tonne Test as Cyclone Catch-Up Comes Due
Rio Tinto plc shares rose 0.5% in open London trading on Monday, but the harder test comes in its next operations update. Rio’s May 18 half-year consensus implies second-quarter Pilbara iron ore sales of about 84.1 million tonnes, 16.2% above the cyclone-hit first quarter. The stock was at 6,784 pence at 12:01 BST.
UK Stock Market Today: FTSE 100 Rises as Miners Rally, Morgan Sindall Jumps and easyJet Slides
The FTSE 100 edged up roughly 0.2% to 10,579 by Thursday morning, lifted mostly by gains in mining and financial shares as optimism for dialogue between Washington and Tehran calmed nerves. The mid-cap FTSE 250 outperformed, too. Shares of Morgan Sindall popped, while easyJet slipped on a downbeat outlook for bookings and fuel expenses.
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