viewRio Tinto PLC

Not even an England win over Germany can save UK markets from drowning in sea of red

FTSE 100 resisted the ‘Coming Home’ euphoria after England’s win over Germany, instead focusing on more routine issues such as Friday’s US jobs data. London’s blue-chip index dropped 13 to 7,074.

Dixons Carphone sales were kept afloat last year by a boom in computers games and laptops. Revenues rose 2% even though shops were shut during lockdown as online electrical sales jumped by more than 100%.

Rio Tinto PLC (LON:RIO) has halted all mining and smelting operations at its Richards Bay Minerals facility in South Africa due to an escalation in the security situation at the site. Nico Swart, the site’s general manager, was killed in an ambush in May on his way to work.

Criminals have stolen £27bn from the UK government’s Covid-19 business support loan scheme, MPs have claimed. Between 35-60% of loans may not be repaid because of fraud or credit issues, the Public Accounts Committee (PAC) said in a report.

Among the small caps, Europa Oil & Gas PLC (LON:EOG) will work with Causeway Geothermal to analyse the West Firsby oilfield. The pair will explore whether it can be converted to geothermal energy production.

Guild Esports PLC (LON:GILD) expects to generate significant revenues in the next six months thanks to partnership deals. The esports team organisation reckons it will reach a 1mln subscribed fanbase.

Inspired Energy PLC (LON:INSE) is trading in line with expectations. The recent acquisitions, Businesswise Solutions and General Energy Management, are bedding into the consultancy group well.

Quick facts: Rio Tinto PLC


Price: 4823.1284 GBX

Market Cap: £78.08 billion

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