Business Services Industry
Rio in demand ahead of bumper result.(Rio Tinto Ltd.)
Australasian Business Intelligence, February, 2005 by Hall, James
Feb 03, 2005 (The Australian Financial Review - ABIX via COMTEX)
Australian investors eagerly bought into Rio Tinto on 4 February 2005 in anticipation of a healthy full-year profit. The company's announcement of a 61 per cent increase in earnings per share was made after trade closed for the day. Speculation that Rio may make a bid for WMC has also added to the miner's appeal. Rio shares closed $A0.72 stronger at $A44.10 on 4 February. In other trade, insurance group HHG closed up 6.45 per cent at $A1.65 while food manufacturer Burns Philp rose $A0.05 to end the day at $A0.93.
Publication Date: 4 February 2005
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