Rio Tinto's announcement it is to pay $38.1bn in cash for Canadian aluminium producer Alcan led to major increases in mining stocks today - pushing the FTSE 100 up 82.6 points, or 1.25%, to 6697.7.
The mining giant’s share price suffered though; Rio closed down 183 points, or 4.58%, to 3810. But Vedanta Resources, Antofagasta and Xstrata fared much better. Vedanta finished up 109 points, or 6.45%,...
Eyes further rate cuts
Global markets have seen heightened volatility during the coronavirus crisis and, here, Brendan McCurdy assesses the performance of more traditional 'safe haven' asset classes...
Is it 'capitulation'?
Boosts QE measures
How Covid-19 upended monetary policy
Hargreaves trust lower post-Woodford
Delayed by pandemic and FCA concerns
As important as DB transfers
Customer numbers rise an average 3.1% across all providers
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