Bulletin
Investor Alert

London Markets Archives | Email alerts

Nov. 26, 2013, 12:22 p.m. EST

Rio Tinto, Diageo pull down U.K. stocks

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    FTSE 100 Index (UKX)
  • X
    Rio Tinto PLC (RIO)
  • X
    Rio Tinto PLC ADR (RIO)

or Cancel Already have a watchlist? Log In

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) — Most U.K. stocks headed south on Tuesday, with Rio Tinto PLC among major losers after scrapping plans to convert a refinery to run on gas.

The Bank of England was also in the spotlight as Governor Mark Carney’s gave testimony before the Treasury Committee at which he said that forward guidance has been well understood by the business community. The central-bank boss also criticized the quality of some economic data that officials receive from the U.K.’s statistics agency, including data judged crucial to setting monetary policy.

Click to Play

World reactions to the Iran nuclear deal

From excitement on the streets of Tehran to deep concern in Tel Aviv, here's a look at how various countries responded to a deal to curb Iran's nuclear activities. Via The Foreign Bureau, WSJ's global news alert. (Photo: AP)

The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +0.56%  dropped 0.9% to close at 6,636.22, erasing a 0.3% gain from Monday.

Shares of heavyweight miner Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO -0.27%   /zigman2/quotes/202627887/composite RIO +0.33%   /zigman2/quotes/200083756/delayed AU:RIO +2.45%  weighed on the benchmark, moving 1.7% lower after it dropped a plan to convert the Gove alumina refinery to run on natural gas. The company had hoped the conversion would sharply reduce costs.

Other miners were also on the decline as most metals prices moved lower, with shares of Anglo American PLC /zigman2/quotes/201381512/delayed UK:AAL +1.42%  down 2.7% and BHP Billiton PLC   /zigman2/quotes/208108397/composite BHP -0.41%   /zigman2/quotes/201448516/delayed AU:BHP +2.39%  off 1.8%.

Diageo PLC /zigman2/quotes/205611832/delayed UK:DGE +0.15%   /zigman2/quotes/208129584/composite DEO +0.06%  dropped 1.6%. The U.K. Office of Fair Trade said Monday it is considering an offer from the global drinks firm to sell most of its Whyte & Mackay business to address competition concerns.

Oil firms continued their decline from Monday, when a sharp drop in oil prices after the Iranian deal to curb the country’s nuclear program sent the sector lower. Shares of Tullow Oil PLC /zigman2/quotes/205079109/delayed UK:TLW +4.57%  dropped 1.7%, BP PLC lost 0.6%, and BG Group PLC  gave up 1%.

Outside the main index in London, Britvic PLC /zigman2/quotes/208055220/delayed UK:BVIC -0.57%  gained 2.8% after the U.K. soft-drinks maker reported a 28.1% increase in full-year pretax profit.

Shares of De La Rue PLC /zigman2/quotes/206574260/delayed UK:DLAR -1.20%  surged 9.4% after the currency printer reported a 19% rise in first-half pretax profit.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,564.92
+42.17 +0.56%
Volume: 648,110
May 26, 2022 4:56p
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
5,631.00 p
-15.00 -0.27%
Volume: 1.27M
May 26, 2022 4:35p
P/E Ratio
5.99
Dividend Yield
12.62%
Market Cap
£93.89 billion
Rev. per Employee
£935,616
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 72.13
+0.24 +0.33%
Volume: 2.55M
May 26, 2022 4:00p
P/E Ratio
5.55
Dividend Yield
10.98%
Market Cap
$117.79 billion
Rev. per Employee
$1.29M
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 113.49
+2.71 +2.45%
Volume: 469,630
May 27, 2022 12:12p
P/E Ratio
6.61
Dividend Yield
9.57%
Market Cap
$166.58 billion
Rev. per Employee
$1.71M
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
3,757.00 p
+52.50 +1.42%
Volume: 1.79M
May 26, 2022 4:35p
P/E Ratio
7.57
Dividend Yield
5.70%
Market Cap
£49.55 billion
Rev. per Employee
£474,259
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 68.41
-0.28 -0.41%
Volume: 2.00M
May 26, 2022 4:00p
P/E Ratio
10.43
Dividend Yield
10.23%
Market Cap
$153.98 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 43.64
+1.02 +2.39%
Volume: 3.17M
May 27, 2022 12:12p
P/E Ratio
9.82
Dividend Yield
10.99%
Market Cap
$217.74 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205611832/delayed
UK : U.K.: London
3,638.50 p
+5.50 +0.15%
Volume: 1.75M
May 26, 2022 4:35p
P/E Ratio
27.99
Dividend Yield
2.03%
Market Cap
£83.08 billion
Rev. per Employee
£497,283
loading...
/zigman2/quotes/208129584/composite
US : U.S.: NYSE
$ 184.23
+0.11 +0.06%
Volume: 306,582
May 26, 2022 4:00p
P/E Ratio
25.82
Dividend Yield
2.14%
Market Cap
$104.23 billion
Rev. per Employee
$683,116
loading...
/zigman2/quotes/205079109/delayed
UK : U.K.: London
57.15 p
+2.50 +4.57%
Volume: 7.56M
May 26, 2022 4:36p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£785.78 million
Rev. per Employee
£2.94M
loading...
/zigman2/quotes/208055220/delayed
UK : U.K.: London
822.50 p
-4.70 -0.57%
Volume: 450,449
May 26, 2022 4:35p
P/E Ratio
21.31
Dividend Yield
3.10%
Market Cap
£2.23 billion
Rev. per Employee
£333,753
loading...
/zigman2/quotes/206574260/delayed
UK : U.K.: London
98.60 p
-1.20 -1.20%
Volume: 598,734
May 26, 2022 4:35p
P/E Ratio
13.58
Dividend Yield
0.00%
Market Cap
£194.77 million
Rev. per Employee
£177,267
loading...

Sara Sjolin is a MarketWatch reporter based in London. Follow her on Twitter @sarasjolin.

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.