Rio Tinto stock price ticks up in London as iron ore slips and the Glencore clock looms
Rio Tinto shares rose about 1% in early London trading Monday, reaching 6,639 pence, even as iron ore prices slipped in Asia. The company remains in early merger talks with Glencore ahead of a Feb. 5 bid deadline. Investors await Rio’s full-year results on Feb. 19 and are watching for updates on cost-cutting under new CEO Simon Trott.