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RIO - Rio Tinto News Story

5645p -18.0  -0.3%

Last Trade - 12/04/21

Sector
Basic Materials
Size
Large Cap
Market Cap £91.68bn
Enterprise Value £95.65bn
Revenue £32.54bn
Position in Universe 14th / 1817

UPDATE 1-Bank, energy stocks lift UK shares as lockdown begins to ease

Mon 8th March, 2021 9:27am
(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
    * England schools reopen 
    * Senior rises depite annual loss
    * Phoenix gains as profit jumps
    * FTSE 100 up 0.6%, FTSE 250 adds 0.8%

 (Adds comment, updates prices)
    By Shivani Kumaresan
    March 8 (Reuters) - British shares rose on Monday, boosted
by gains in bank and energy stocks tracking higher commodity
prices, while easing of a stringent lockdown also lifted
sentiment.
    The blue-chip FTSE 100 index  .FTSE  rose 0.6%, with bank
stocks, mainly HSBC Holdings  HSBA.L , Lloyds Banking group
 LLOY.L , and Barclays Plc  BARC.L , gaining between 1.8% and
2.9%. 
    Oil producers BP  BP.L  and Royal Dutch Shell  RDSa.L  were
also among the biggest gainers on the index as crude oil prices
surged.  O/R 
    "The inflation the world is seeing is transient cost/push
inflation, and is indicative of an accelerating recovery," said
Jeffrey Halley, senior market analyst at OANDA.
    "Given the UK's outstanding vaccination effort vis-a-vis
most of the world, and the reasons behind the rise of inflation,
I expect UK equities to outperform in 2021, not underperform."
    The FTSE 100 and the mid-cap index have recovered more than
36% and 70%, respectively, from a coronavirus-driven crash last
year, as investors bet on a swifter economic rebound, aided by
domestic and global fiscal stimulus. 
    Last week, Britain's finance minister Rishi Sunak announced
support for businesses, while on Saturday, the U.S. Senate
passed a $1.9 trillion COVID-19 aid bill. Bank of England
governor Bailey is scheduled to speak at 1000 GMT.
    The reopening of England's schools to all pupils on Monday
will mark the first step back towards normality and is only
possible because of the efforts of the public, Prime Minister
Boris Johnson said.  urn:newsml:reuters.com:*:nL1N2L506N
    The domestically focused mid-cap FTSE 250 index  .FTMC  rose
0.8%, with travel stocks, mainly TUI AG  TUIT.L , Carnival Plc
 CCL.L , Easyjet  EZJ.L , and Wizz Air  WIZZ.L  rising between
2.15 and 4.1%. 
    Senior Plc  SNR.L  rose 4.5%, even as the British aircraft
parts supplier swung to an annual loss, hit by COVID-19-related
disruptions to flight travel and Boeing's BA.N 737 MAX crisis.
 urn:newsml:reuters.com:*:nL4N2L61OI
    Life insurer Phoenix  PHNX.L  gained 2.2%, after posting a
48% rise in annual operating profit, helped by its purchase of
Swiss Re's  SRENH.S  British business ReAssure last year.
    

 (Reporting by Shivani Kumaresan in Bengaluru; Editing by Rashmi
Aich)
 ((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
 
(( 
For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 
 
 * For related news, click on - *
 UK hot stocks:       HOT  and  GB      Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 
 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 
 
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))
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