LONDON (Alliance News) - Rio Tinto PLC Thursday said it swung to a pretax profit, increased underlying earnings 10% and will raise its dividend for the full-year 2013. The Anglo-Australian mining giant said its profit before tax for the year reached USD3.51 billion for the twelve months en Read More
LONDON (Alliance News) - Anglo-Australian mining giant Rio Tinto PLC said it posted a annual net profit attributable to owners of the company of USD3.665 billion, compared to a net loss of USD3.028 billion last year. Earnings per share totaled 197.3 cents, compared to last year's loss per share 1 Read More
LONDON (Alliance News) - UK stocks indices have closed flat Wednesday at the end of a relatively subdued session for equities. Meanwhile the pound made its strongest gains of the year against both the dollar and the euro after the Bank of England increased its economic growth forecasts for UK.</p Read More
LONDON (Alliance News) - Rio Tinto PLC (RTPPF.PK, RIO.L, RIO, RTNTF.PK) announced it has entered into an option agreement with LNG Canada, a joint venture comprising Shell Canada Energy, Phoenix Energy Holdings Limited, Kogas Canada LNG Ltd., and Diamond LNG Canada Ltd. to acquire or lease a whar Read More
LONDON (Alliance News) - Rio Tinto PLC Monday said a group of divisional chief executives acquired shares under the company share plan Friday<br /><br />Details are as follows.<br /><br /> <table class="ad" cellspacing="0" cellpadding="0"><tbody><tr><td class="y" style="width: 220px;" valig Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />BERENBERG CUTS BSKYB PRICE TARGET TO 680 (750) PENCE - 'SELL' <br />----------<br />BARCLAYS RAISES WHITBREAD PRICE TARGET TO Read More
LONDON (Alliance News) - Mining giant BHP Billiton Ltd. reported Wednesday that global iron ore production for the second quarter grew 16% year-over-year, but remained flat sequentially. Production of metallurgical coal grew 30%. Total iron ore production for the first half of 2014 increase Read More
LONDON (Alliance News) - The UK's major stock indices all closed lower Tuesday, reversing early gains that saw the FTSE 100 reach within 10 points of its 2013 high and then tracking declines in the US indices when Wall Street opened. <br /><br />However, the pound got another boost from the la Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />UBS CUTS BHP BILLITON PRICE TARGET TO 2060 (2090) PENCE - 'BUY' <br />----------<br />GOLDMAN CUTS BHP BILLITON PRICE TARGET TO Read More
LONDON (Alliance News) - Karelian Diamond Resources PLC said Monday that it had been granted the first two of four exploration claim reservations in the Kuusamo region of Finland by the Finnish Mining Authority. The company said that both reservation areas have been shown to contain mineral Read More
LONDON (Alliance News) - UK stocks indices struggled to get off the ground Friday, although the FTSE 100 has gained more than 1% over the week, to close at nearly an 8-month high, buoyed by an upgrade to global growth forecasts. The pound has also regained ground against other major currencies Fr Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />SOCGEN STARTS MORRISON WITH 'SELL' - TARGET 200 PENCE <br />----------<br />SOCGEN CUTS PRICE TARGET TESCO TO 270 (290) PENCE - Read More
LONDON (Alliance News) - A raft of strong trading updates from retailers including Primark, Dixons, Home Retail, and Halfords effectively brought the Christmas retail reporting season to a close Thursday, and confirmed that the period had been positive overall despite weak trading for some of Read More
(Correcting US CPI forecasts). LONDON (Alliance News) - UK stocks are trading mixed Thursday, with the mining sector outperforming after a positive production update from sector giant Rio Tinto. Meanwhile, eurozone inflation has slowed slightly, in line with expectations. By mid-morni Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.<br /><br />-------<br /><br /><strong>FTSE 100 - WINNERS</strong><br /><br /><strong>Rio Tinto</strong>, up 3.8%. The mining company has reported that it has increas Read More
LONDON (Alliance News) - The following is a summary of top news stories Thursday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>Rio Tinto</strong> PLC said it has increased production for iron ore and other metals, achieved record shipment numbers and slashed its Read More
LONDON (Alliance News) - UK stocks are trading mixed Thursday, with the mining sector outperforming after a positive production update from sector giant Rio Tinto. Meanwhile, eurozone inflation has slowed slightly, in line with expectations. By mid-morning Thursday, the FTSE 100 is down 0.1 Read More
LONDON (Alliance News) - Rio Tinto PLC Thursday said it has increased production for iron ore and other metals, achieved record shipment numbers and slashed its annual costs. The major Anglo-Australian miner said it produced 70.4 million tonnes of iron ore in its fourth quarter ending Decem Read More
LONDON (Alliance News) - UK shares have opened mostly lower Thursday despite a strong lead from the US, as investors digest a rush of UK company announcements.<br /><br />In another surprise from Mike Ashley,<strong> Sports Direct</strong> International said it has sold its 4.6% stake in <stro Read More
LONDON (Alliance News) - Anglo-Australian mining giant Rio Tinto PLC reported Thursday a six percent increase in global iron ore production for the fourth quarter, reflecting the expansion of mining operations in the Pilbara region. Shipments also grew 8% to a record amid continued demand from Ch Read More