Broker spotlight – Poundland, Berkeley Group, Betfair, Glencore, Rio Tinto, Sirius Minerals
Meanwhile, home builder Berkeley Group received a broker stamp of approval on Thursday after yesterday reporting annual profits, which beat expectations.
Company
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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Meanwhile, home builder Berkeley Group received a broker stamp of approval on Thursday after yesterday reporting annual profits, which beat expectations.
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SocGen has shuffled its pack of mining majors
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FTSE100 closed over 36 points lower at 6,753 contining the decline, with media group Pearson (LON:PSON) the biggest laggard. Investors are put off risk due to a number of macro issues, including Greece.
Investments and investor services
London's blue chips were led lower by miners after weak chinese data and downgrades from Societe Generale.
The UK's blue-chip stocks nudged lower as HSBC announced it is slashing up to 25,000 jobs worldwide, with 8,000 job cuts expected in the UK.
DDD pulled out of its recent slump as it said response to a new product had been good. Conversely, Oxford Instruments has been finding it hard going in Japan and Russia.
Investments and investor services
The UK's blue-chip stocks nudged lower as HSBC announced it is slashing up to 25,000 jobs worldwide, with 8,000 job cuts expected in the UK.
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Big cap miners erased losses yesterday but could not stop Footsie closing lower on the day. FTSE100 finished over 25 points lower, or 0.36%, to 6,928 as miners made up the top three gainers despite uncertainty after the Chinese manufacturin
Primark owner Associated British Food rose to the top of the FTSE 100 risers thanks to an upgrade from Goldman Sachs
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Mongolia-focused Kincora Copper received a boost on Tuesday - as the government reached agreement with mining giant Rio Tinto (LON:RIO) over expansion at the huge, world class Oyu Tolgoi project.