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Sept. 24, 2014, 12:11 p.m. EDT

Rio Tinto, Vodafone lift FTSE 100 for first day in three

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By Sara Sjolin, MarketWatch

LONDON (MarketWatch) — U.K.’s FTSE 100 index snapped a two-day losing streak on Wednesday, with shares of Rio Tinto PLC and Vodafone Group PLC pushing the benchmark higher.

The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +1.19%  gained 0.5% to 6,706.27, rising in line with the broader European trading mood.

Movers: Rio Tinto PLC /zigman2/quotes/208934945/delayed UK:RIO +1.91%   /zigman2/quotes/202627887/composite RIO +2.37%   /zigman2/quotes/200083756/delayed AU:RIO +1.50%  gained 2.4% after Morgan Stanley lifted the mining giant to overweight from equal weight.

Precious-metals miner Fresnillo PLC /zigman2/quotes/201300065/delayed UK:FRES +1.32%  rose 2.2% after UBS added the company to its most-preferred list.

Vodafone Group PLC /zigman2/quotes/202484985/delayed UK:VOD +2.23%   /zigman2/quotes/202862751/composite VOD +2.75%  put on 2.8% after the company’s Chief Executive Jeroen Hoencamp late Tuesday said he expects to return the business to growth, in both profit and revenue terms, over the next 18 to 24 months.

Meanwhile, shares of AstraZeneca PLC /zigman2/quotes/203048482/delayed UK:AZN +2.38%   /zigman2/quotes/200304487/composite AZN +2.59%  lost 0.4%. The drop in the pharmaceutical company shares followed a 3.6% loss from Tuesday, after the U.S. Treasury Department issued new rules meant to dampen an influx of merger’s (including announced mergers involving AstraZeneca) intended to sidestep U.S. taxes.

Tate & Lyle PLC /zigman2/quotes/205109332/delayed UK:TATE +1.96%  fell 1.3% after Société Générale cut the ingredients maker to hold from buy.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,389.98
+87.24 +1.19%
Volume: 722,321
May 20, 2022 4:56p
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/zigman2/quotes/208934945/delayed
UK : U.K.: London
5,449.00 p
+102.00 +1.91%
Volume: 2.34M
May 20, 2022 4:35p
P/E Ratio
5.80
Dividend Yield
13.04%
Market Cap
£90.68 billion
Rev. per Employee
£935,616
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/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 69.54
+1.61 +2.37%
Volume: 3.18M
May 20, 2022 4:00p
P/E Ratio
5.35
Dividend Yield
11.39%
Market Cap
$113.05 billion
Rev. per Employee
$1.29M
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/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 108.35
+1.60 +1.50%
Volume: 1.87M
May 20, 2022 4:10p
P/E Ratio
6.31
Dividend Yield
10.03%
Market Cap
$160.85 billion
Rev. per Employee
$1.71M
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/zigman2/quotes/201300065/delayed
UK : U.K.: London
784.40 p
+10.20 +1.32%
Volume: 710,332
May 20, 2022 4:35p
P/E Ratio
18.96
Dividend Yield
3.36%
Market Cap
£5.78 billion
Rev. per Employee
£97,801
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/zigman2/quotes/202484985/delayed
UK : U.K.: London
121.10 p
+2.64 +2.23%
Volume: 80.87M
May 20, 2022 4:35p
P/E Ratio
19.79
Dividend Yield
6.29%
Market Cap
£34.11 billion
Rev. per Employee
£369,116
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/zigman2/quotes/202862751/composite
US : U.S.: Nasdaq
$ 15.33
+0.41 +2.75%
Volume: 7.46M
May 20, 2022 4:00p
P/E Ratio
18.36
Dividend Yield
6.18%
Market Cap
$42.52 billion
Rev. per Employee
$504,156
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/zigman2/quotes/203048482/delayed
UK : U.K.: London
10,494.00 p
+244.00 +2.38%
Volume: 1.84M
May 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
2.00%
Market Cap
£162.60 billion
Rev. per Employee
£367,302
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/zigman2/quotes/200304487/composite
US : U.S.: Nasdaq
$ 66.21
+1.67 +2.59%
Volume: 7.17M
May 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
2.12%
Market Cap
$202.71 billion
Rev. per Employee
$500,529
loading...
/zigman2/quotes/205109332/delayed
UK : U.K.: London
754.50 p
+14.50 +1.96%
Volume: 896,444
May 20, 2022 4:35p
P/E Ratio
13.69
Dividend Yield
4.79%
Market Cap
£3.00 billion
Rev. per Employee
£467,012
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Sara Sjolin is a MarketWatch reporter based in London. Follow her on Twitter @sarasjolin.

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