RIO

Never mind the risky stuff : how about this as a solid performer!!

Hopes of imminent Saudi deal Rio Tinto 2,613 up 49 at 10.35am

Sentiment in the mining sector was further lifted by positive broker comment as UBS said Rio Tinto is likely to increase its 1.5 bln usd capital return program in February or possibly announce a special dividend payment.

Furthermore, Numis lifted its price target on Rio to 3,019 pence from 2777p due to the potential for further price increases in iron ore.