Morning Markets: Rio Tinto helps FTSE to bright start

clock

Telecoms groups and miners including Rio Tinto helped the FTSE 100 off to a good start, up 16.37 (0.29%) to 5,719.39.

Rio Tinto is up 1.55% to £39.23 despite the news of four employees being charged and sentenced in China for bribery. Stern Hu, the most senior, received 12 years in prison. Vodafone rose 2.93% to 151p following speculation it could get a dividend from US joint venture Verizon Wireless, while BSkyB fell 1.51% to 585p ahead of the Ofcom decision on TV sports rights due this week. In Japan the Nikkei index dipped 0.1% on Monday following an 18-month closing high on Friday. The Nikkei's rise last week, which at one point briefly took it over 11,000, combined with the fact that Friday w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read