ADVFN - Advanced Financial Network.
HOME» NYSE » C » RIO Stock Price » RIO Stock News

Companhia Vale Share News

 Companhia Vale Do Rio Doce Stock Price
RIO Stock Price
 Companhia Vale Do Rio Doce Stock Chart
RIO Stock Chart
 Companhia Vale Do Rio Doce Stock News
RIO Stock News
 Companhia Vale Do Rio Doce Company Information
RIO Company Information
 Companhia Vale Do Rio Doce Stock Trades
RIO Stock Trades

LONDON MARKETS: London Shares Lower As Vodafone Drops

By Kim Hjelmgaard, MarketWatch LONDON (MarketWatch) -- Shares in British mobile operator Vodafone Group PLC weighed on the broader London market on Friday. Vodafone (VOD) shares declined 2% as the world's largest telecom operator by revenue posted a worse-than-forecast drop in quarterly revenue to $16.90 billion, or a fall of 7.7% for the three months ended June 30. Chief Executive Vittorio Colao cited difficult market conditions in southern Europe for the poor performance, although the firm's outlook for the full year was unchanged. The FTSE 100 index lost 0.5% to 5,685.72, but is still on course for a weekly gain of around 0.4%. On Thursday, the U.K. benchmark closed at its highest level since May. Craig Erlam, market analyst at Alpari U.K., said: "Stocks have performed well this week. Better-than-expected corporate earnings in the U.S. has led to a seventh straight week of gains in the FTSE." European stocks on the continent were also under pressure on Friday. The Stoxx 600 Europe shed 0.6% to 260.21 with investors keeping an eye on Spain's borrowing costs, which remain elevated. Euro-zone finance ministers are holding a conference call Friday in which they're expected to approve the terms of a bailout for Spain's banks. Separately, the German newspaper Rheinische Post reported that a senior member of Germany's coalition government said that Greece should depart the euro zone if it is not prepared to comply with EU-mandated reforms. Elsewhere in London, the mining sector was providing a focus after Anglo American PLC reported that its iron-ore output advanced 12% on a quarterly basis to 12.9 million metric tons. Meanwhile, output in diamond miner De Beers, in which Anglo American has a 45% stake, dropped 11% to 7.2 million carats. Shares in Anglo American were up 1.1%. Rival and fellow heavyweight miner Rio Tinto PLC (RIO) saw its shares fall just under 1% and BP PLC shares were off 0.6%. Xstrata PLC announced that the chief executive of its Xstrata Alloys unit, Peet Nienaber, would retire for personal and family reasons. Xstrata shares were 0.2% lower. Among financial shares, heavyweight HSBC Holdings Inc. saw its shares fall 1.4% and Standard Chartered PLC lost 1.5%. In deal news, shares in London Exchange Group PLC were up about 0.6% after Singapore Exchange Ltd. denied it was in talks with the LSE over a potential merger. The report first surfaced in a Thursday story by the The Telegraph, a U.K. newspaper. A representative for LSE declined to comment on Friday. Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Companhia Vale (RIO)
DateTimeHeadline
10/23/201412:38:04LONDON MARKETS: FTSE Rides European Optimism, But Tesco Slumps
10/23/201408:10:11Rio Tinto Extends CEO, CFO Tenure
10/23/201403:55:21LONDON MARKETS: Tesco Slumps, Sends FTSE Lower For First Time...
10/22/201410:04:35LONDON MARKETS: Glaxo Gives FTSE 100 A Shot In The Arm
10/22/201409:55:11LONDON MARKETS: GSK Lifts FTSE 100 On Earnings, Ebola Vaccine
10/22/201406:50:06LONDON MARKETS: British American Tobacco Knocks FTSE 100 Lower
10/22/201403:58:35LONDON MARKETS: FTSE 100 Hugs The Flat Line Ahead Of BOE Minutes
10/16/201409:39:21Rio Tinto Alcan to Leave Cameroon Aluminum Smelter Joint Venture
10/15/201401:32:29ASIA MARKETS: Asian Shares Mixed; Hong Kong Up On Low China Inflation
10/14/201422:30:24Asian Shares Rise on Bargain Hunting
10/14/201415:39:42LONDON MARKETS: Burberry Group Leads Losses Among U.K. Stocks
10/14/201409:37:16Anglo Pacific Expects Better Royalties From Australia Mine
10/13/201412:14:05LONDON MARKETS: U.K. Stocks Take A Breather From Selling; Rio...
10/13/201404:09:35LONDON MARKETS: U.K. Stocks Resume Their Selloff, But Rio Tinto...
10/10/201416:00:27Glencore Held Preliminary Talks With Cliffs Natural Resources...
10/10/201412:36:32LONDON MARKETS: FTSE 100 Slides To One-year Low After Tumultuous...
10/10/201407:35:10ASIA MARKETS: Asian Shares Drop On Oil Price Decline, Growth...
10/10/201403:58:48LONDON MARKETS: FTSE 100 Heads For One-year Low After Tumultuous...
10/09/201422:40:16Wall Street Drags Down Asian Shares
10/08/201412:13:12LONDON MARKETS: Travel Stocks Slide In London Amid Ebola Scare

Companhia Vale and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad