FTSE one hundred Live: Rio Tinto can pay report dividend as Barclays returns £2.5 billion, oil charge consistent
City Staff
Wed, 23 February 2022,
Rio Tinto today declared a document dividend well worth $sixteen.Eight billion (£12bn) as City investors get a slice of 2021's commodity charge increase.
Barclays shareholders have additionally been promised £2.5 billion of capital returns after the banking giant published strong effects nowadays.
The pay-outs came at some point of a quieter session for financial markets, with Brent crude holding company at $97 a barrel within the wake of this week’s escalation of Ukraine tensions.
Rio Tinto broadcasts report dividend
08:14 , Graeme Evans
Rio Tinto's total dividend for 2021 really worth $16.8 billion (£12.3bn) is a record for the miner and one of the most important in UK company history.
The pay-out of $10.40 a percentage equates to 79% of underlying profits, which these days hit $21.Four billion (£nine.1bn) as the global financial system recovered and as iron ore and different commodity expenses surged.
The effects come as the Anglo-Australian miner battles to enhance its reputation after the scandal resulting from the destruction of the historic Aboriginal caves at Juukan Gorge.
Chief executive Jakob Stausholm stated Rio became nicely positioned for a decarbonising international. He introduced: “We have a portfolio this is nicely placed, and are targeting disciplined funding in commodities to be able to see strong call for in the coming a long time.”
Ted Baker enjoys sturdy Christmas regardless of Omicorn surge and supply chain woes
08:14 , Brian McGleenon
Ted Baker has posted bumper income for the iciness duration in spite of a virulent disease change droop and supply chain misery.
The British luxurious style logo stated double-digit sales increase in its modern day profits name and has forecast it'll meet its economic targets for the yr in advance.
Group income are up 35% in comparison to Winter 2020, despite the fact that running from home became the norm amid Omicron concerns.
The store’s line of Womenswear, baggage, shoes and tops, sold in particular well alongside a a success domestic and bedding product growth inside the US.
CEO Rachel Osborne heralded a strong development within the British emblem’s trading margin as “Ted re-establishes its premium logo positioning”.
No bonus for Jes Staley as Barclays watches probe into Epstein
07:fifty four , Oscar Williams-Grut
Barclays is withholding bonus bills from Jes Staley, the chief government who left closing yr amid an investigation into the details of his relationship with Jeffrey Epstein, the financier and convicted intercourse offender.
Staley is getting £2.Four million in pay and a £one hundred twenty,000 pension allowance, but, for 2021.
The annual file indicates that Staley became paid around £24 million in his near 7-yr stint on the bank. And that he holds 18 million stocks in Barclays together with £3.3 million worth granted via Barclays as an “unvested” award for 2021-2023.
An investigation into Staley’s characterisation of his relationship with Epstein, who died in prison, is ongoing.
Read greater right here.
FTSE one hundred set for consistent begin
07:forty six , Graeme Evans
Oil fees are regular at $ninety seven a barrel and the FTSE 100 index set to open slightly higher as traders await tendencies in the Ukraine disaster.
The quantity of the West's sanctions towards Russia left markets underwhelmed, even though there stays desire for further diplomacy for you to keep away from a full-blown battle.
US benchmarks were last night time greater than 1% lower on their return from an prolonged weekend, with futures markets pointing to a upward push of zero.6% for the S&P 500 later nowadays.
CMC Markets also expects the FTSE one hundred index to climb 18 factors to 7512 after finishing a choppy consultation in effective territory final night.
Brent crude is trading at just underneath $ninety seven a barrel, having reached a peak of $99.50 inside the hours after Russia ordered troops into two breakaway regions of eastern Ukraine.
Deutsche Bank markets commentator Jim Reid said: “Geopolitical tensions continue to remain the dominant subject matter in markets, despite the fact that a number of assets have now began to stabilise after heavy losses on Monday and early Tuesday.”
Later today, Bank of England governor Andrew Bailey and 3 colleagues at the monetary policy committee are due to speak to MPs at the Treasury Select Committee, with inflation and the interest price outlook a key awareness.
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