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RIO - Rio Tinto News Story

5663p -92.0  -1.6%

Last Trade - 09/04/21

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

UPDATE 1-UK shares fall as rising bond yields weigh

Fri 5th March, 2021 9:36am
(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
    * House price growth slows in February
    * Aggreko rises after backing buyout offer 
    * London Stock Exchange Group slumps despite dividend
increase
    * FTSE 100 down 0.8%, FTSE 250 off 0.8%

 (Adds comment, updates prices)
    By Shivani Kumaresan
    March 5 (Reuters) - British shares fell on Friday as rising
bond yields globally sparked fears of higher inflation, while
another slowdown in domestic house price growth also weighed on
the market. 
    The blue-chip FTSE 100 index  .FTSE  fell 0.8%, with
consumer staples and industrials stocks, including Diageo Plc
 DGE.L , British American Tobacco  BATS.L , BAE Systems
 BAES.L , and International Consolidated Airlines Group
 ICAG.L , leading declines. 
    Banking and mining stocks, mainly Prudential Plc  PRU.L ,
Lloyds banking  LLOY.L , and BHP  BHPB.L , were also among the
biggest laggards.
    A weaker overnight finish on Wall Street after Federal
Reserve Chair Jerome Powell's remarks failed to rein in concerns
over rising U.S. Treasury yields spilled over to Asian equities
earlier in the day.  MKTS/GLOB 
    "What the Fed is basically saying is the rise in treasury
yields we see just reflects a stronger economic recovery and
that the financial conditions are still very easy," said James
Smith, an economist at ING. 
    "(This) implies the yields can go further higher from here
and that potentially make for further turbulence for global risk
assets," he said. 
    The FTSE 100 has risen 2.9% so far this year on optimism
about a speedy economic recovery, aided by faster vaccine
rollouts, but fears that rising inflation would lead to higher
interest rates have undermined investor sentiment.
    British house price growth slowed for a third month running
in February, a further sign that the pandemic boom in Britain's
housing market is fading, mortgage lender Halifax said.
 urn:newsml:reuters.com:*:nAPN048HVL
    The UK domestically focused mid-cap FTSE 250 index  .FTMC 
fell 0.8%, dragged down by consumer discretionary and financial
stocks.
    Equipment rental company Aggreko  AGGK.L  rose 1.4%, as it
backed a 2.32 billion pound ($3.22 billion) buyout offer from
private equity firms TDR Capital LLP and I Squared Capital.
 urn:newsml:reuters.com:*:nL3N2L32AG
    London Stock Exchange Group  LSEG.L  fell 5.0% to the bottom
of the blue-chip index, even after announcing a 7% dividend
increase as the integration of its $27 billion acquisition of
data and analytics company Refinitiv stepped up a gear.
 urn:newsml:reuters.com:*:nL5N2L31HT


 (Reporting by Shivani Kumaresan in Bengaluru; Editing by Rashmi
Aich and Aditya Soni)
 ((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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