FTSE 100 ends week on a dull note
After looking like it might regain par, the Footsie faded in the final 15 minutes of trade
Company
Rio Tinto Ltd
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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MGX Minerals names mining executive as new vice-president of operations
Graham has over 20 years' international experience exploring and developing mineral deposits
Glencore aided by Deutsche Bank upgrade, but Anglo American PLC sees reverse move
The German bank’s analysts hiked their stance on the FTSE 100-listed firm to ‘buy’ from ‘hold’, while upping their target price to 420p from 300p
Rio Tinto boosts share buyback programme by US$2.5bn, returning proceeds from Coal & Allied disposal
The additional commitment means the global miner has announced share buybacks totalling US$4.00bn in 2017 alone, following previous announcements in August and February this year
Glencore downgraded by UBS, which sees better return potential elsewhere
UBS downgrades the stock to 'neutral' from 'buy' but lifts the target by 20p
FTSE 100 wilts as sterling's rally continues
The FTSE 100 fell 80 points to 7,215 on a good day for the sterling
FTSE 100 trims losses
The FTSE 100 retreated as investors worry about Hurricane Irma, while mixed economic statistics raised fresh concerns over the UK economy.
South East Asia Resources to acquire lithium projects in Serbia
Serbia is the only known source of jadarite, a new lithium-borate bearing mineral.
American Pacific Borate & Lithium commences drilling in Southern California
The company’s focus is to confirm the historical borate resource at the project.
Savannah Resources says phase one of its pre-feasibility study on Mozambique project is now underway
Completion of the ‘pre-feas’ will represent a major milestone for Savannah as it will earn a 35% stake in the Mutamba Consortium
Investments and investor services
FTSE 100 pares losses to close modestly lower
The FTSE 100 traded in a narrow band all day, finishing 5 points lower at 7,319
Rio Tinto downgraded to 'outperform' by Royal Bank of Canada
The 4,200p target price has been left unchanged; the shares currently trade at around 3,383p
FTSE 100 stays weak, but off lows as US stocks rally
At 3.15pm, the UK benchmark index was down 64 points at 7,325, above the session low of 7,296.49 but still set for its worst week in nine months having dropped nearly 250 points in the last three sessions of the week
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
FTSE 100 closes up but misses record high
The FTSE 100 index closed 10.79 higher at 7,542. The session peak was 7,549, and the day’s low was 7,518
FTSE 100 closes at 7,531 as new highs come in to view
The FTSE 100 index closed up 20.23 at 7,531, below the session peak of 7,533.74 and well above the day’s low of 7,511.71
Rio Tinto more than doubles dividend, launches US$1bn share buy-back as profits jump
The FTSE 100-listed miner reported pretax profit of US$4.96bn for the six months to June 30, up from US$2.10bn a year earlier
FTSE 100 closes in the red as UK construction data disappoints
The UK blue chip index Around 12 points lower at 7,411 well above the day’s low of 7,388.92