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Rio Tinto warns of $1.9bn Mongolia copper mine cost blowout, delay
Rio Tinto on Tuesday said costs at its Oyu Tolgoi underground copper mine in Mongolia would blow out by up to $1. 9bn with a delay of up to 30 months.
Hays reports zero net fee growth in fourth quarter
Recruitment company Hays reported zero growth in fourth quarter net fees as weak market conditions across Australia, New Zealand and the UK offset growth in Germany.
CRH offloads European distribution business in EUR 1.64bn deal
Building materials group CRH has reached agreement to divest of its Europe distribution business to private equity funds managed by Blackstone, it announced on Tuesday, for an enterprise value of €1. 64bn (£1. 48bn), payable in cash.
London pre-open: Stocks seen muted ahead of jobs data
London stocks were set for a muted open on Tuesday as investors eyed the release of key UK jobs data.
Rio Tinto warns of Mongolia costs blowout, CRH to offload Europe distribution business
London open The FTSE 100 is expected to open 11 points lower on Tuesday, having closed up 0. 34% at 7,531. 72 on Monday.
Tuesday newspaper round-up: Jaguar Land Rover, gender diversity, AstraZeneca
London and the southern regions of England are facing a dearth of teachers, nurses and police officers as rising rents make housing in large parts of the UK unaffordable for key public sector workers. A report by the consultancy firm PricewaterhouseCoopers said there was an urgent need to increase the supply of homes after it found that the failure of public sector pay to keep pace with soaring housing costs had made it increasingly hard for workers on modest incomes to make ends meet.
US close: Markets finish higher after choppy session
Stocks on Wall Street finished in the green on Monday, having surged to new highs during the previous week after Federal Reserve chairman Jerome Powell hinted that an interest rate cut could be on the horizon.