Sunday newspaper round-up: Dividend payments, Beijing, Dow Jones
25th Dec 2022 17:58
(Sharecast News) - AJ Bell believes that dividend payments by FTSE 100 companies will hit a record £85.8bn in 2023, for an 8% increase in comparison to 2022 and far above the £61.8bn low plumbed during Covid-19. According to analysts cited by the broker, that was in spite of estimates for slower profit growth, which was expected to come to a halt in 2024. In fact, dividends of £90.9bn were projected for 2024. Nonetheless, just 20 names would account would account for 72% of the total in 2022 with Shell, Glencore, Rio Tinto and British American Tobacco at the top of the leaderboard for payouts. - Financial Mail on Sunday
Read moreJPMorgan downgrades Rio Tinto
14th Dec 2022 08:48
(Sharecast News) - JPMorgan has downgraded Rio Tinto to 'underweight' following a review of European mining stocks.
Read moreRio Tinto sees 2023 iron ore shipments in same range as current yr
30th Nov 2022 07:43
(Sharecast News) - Rio Tinto said iron ore shipments next year would be in the same range as current-year guidance, but warned of rising costs.
Read moreRio Tinto signs settlement with traditional owners over Juukan Gorge vandalism
28th Nov 2022 07:02
(Sharecast News) - Mining company Rio Tinto has reached an agreement with traditional land owners after the destruction of sacred rock shelters at the Juukan Gorge in Western Australia two years ago.
Read moreRio Tinto ends talks with dissenting Turquoise Hill investors
18th Nov 2022 07:34
(Sharecast News) - Mining giant Rio Tinto said it had ended its talks with dissenting minority shareholders of takeover target Turquoise Hill Resources.
Read moreChinese stocks and commodities jump as Beijing eases some Covid-19 restrictions
11th Nov 2022 12:25
(Sharecast News) - Chinese stocks and the country's currency pushed higher after the Politburo Standing Committee issued new guidance aimed at better implementing its Zero-Covid policy.
Read moreSector movers: Miners jump, copper futures rally on China news
4th Nov 2022 15:40
(Sharecast News) - Mining shares soared at the end of the week following news that Beijing would approve the use of BioNTech's mRNA Covid-19 vaccine for use among the expatriate population in the People's Republic of China - although some analysts in the City sounded a skeptical note.
Read moreRio Tinto trims forecasts on weakening global economy
18th Oct 2022 07:02
(Sharecast News) - Rio Tinto trimmed its full-year production guidance on Tuesday, as the weakening global economic outlook weighed on the third quarter.
Read moreRio Tinto approves $55m start to underground work at Kennecott
27th Sep 2022 08:32
(Sharecast News) - Rio Tinto has approved a $55m investment in development capital to start underground mining and expand production at its Kennecott copper operations in Utah, it announced on Tuesday.
Read moreRio Tinto strikes Pilbara JV agreement with China's Baowu
14th Sep 2022 07:01
(Sharecast News) - Mining giant Rio Tinto has formed a joint venture with China Baowu Steel Group to develop the Western Range iron ore project in Western Australia's Pilbara region.
Read moreRio Tinto to acquire remainder of Turquoise Hill Resources
6th Sep 2022 07:56
(Sharecast News) - Mining giant Rio Tinto has entered into a binding agreement to acquire all of the remaining shares of Turquoise Hill Resources that it does not currently own.
Read moreRio Tinto to buy out Canada's Turquoise Hill in $3.3bn deal
1st Sep 2022 07:44
(Sharecast News) - Rio Tinto said on Thursday that it has agreed to buy the remaining shares in Turquoise Hill Resources it does not already own for $3.3bn.
Read moreRio Tinto raises bid for owner of massive Mongolian copper mine
24th Aug 2022 17:35
(Sharecast News) - Rio Tinto upped its bid for Turquoise Hill, the majority owner of the Oyu Tolgoi copper mine in Mongolia.
Read moreTurquoise Hill rejects $2.7bn takeover offer from Rio Tinto
15th Aug 2022 10:35
(Sharecast News) - Miner Rio Tinto reiterated its $2.7bn takeover offer for Canada's Turquoise Hill Resources on Monday after it was rejected.
Read moreDirector dealings: Rio Tinto CEO invests a day after disappointing results
29th Jul 2022 16:31
(Sharecast News) - Rio Tinto was at the top of the list of director buys on Friday, after its chief executive officer bought almost half a million pounds worth of shares.
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