Stock Movers Rio Tinto Jumps, Sodexo Gains, Boohoo Rises
Mar 30, 2026
Tiwa Adebayo, Bloomberg reporter covering European markets and corporate news. She breaks down how Iran's strikes pushed aluminium prices and lifted mining stocks. She covers Sodexo's upgrade, upcoming results and leadership change. She highlights Boohoo beating FY26 guidance and signs of a successful turnaround.
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Iran Strikes Threaten Aluminium Market
- Iran's weekend strikes on aluminium plants risk pushing an already fragile aluminium market into crisis and could drive record prices.
- London Metal Exchange futures surged the most since 2024 while miners like Rio Tinto rose up to 4.4% on supply disruption fears.
Weather Hit Adds To Mining Supply Crunch
- Weather and operational issues are compounding supply tightness as iron ore shipments fell by about 8 million tonnes after recent storms.
- Rio Tinto said shipping from a cyclone-hit Western Australia port should resume in the coming days, boosting its shares.
Sodexo Upgrade Cited Reset Opportunity
- Jefferies upgraded Sodexo to buy, saying upcoming results and a Capital Markets Day offer a chance to reset investor expectations.
- The note praised Sodexo's first external CEO appointment and consistent delivery as prerequisites for a re-rate.