By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Shares of Rio Tinto PLC climbed in
London on Wednesday after a broker upgrade, bucking broader losses
in the U.K. stock market.
The FTSE 100 index lost 0.1% to 6,670.17, setting it on track
for a third consecutive day of falling values.
Movers: Rio Tinto PLC (RIO) gained 1.1% after Morgan Stanley
lifted the mining giant to overweight from equal weight.
Precious-metals miner Fresnillo PLC rose 2.6% after UBS added
the company to its most-preferred list.
Meanwhile, shares of AstraZeneca PLC (AZN) lost 1%. The drop in
the pharmaceutical company shares followed a 3.6% loss from
Tuesday, after the U.S. Treasury Department issued new rules meant
to dampen a influx of merger's (including announced mergers
involving AstraZeneca) intended to sidestep U.S. taxes.
Another company in the spotlight, Tesco PLC shares slipped 0.5%,
continuing losses after the supermarket chain on Monday cut its
full-year profit view by 250 million pounds ($409 million) on
discovering an accounting error.
Tate & Lyle PLC fell 1.5% after Société Générale cut the
ingredients maker to hold from buy.
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