Rio Tinto delivered their interim result after market in Australia today and shares have surged in the London market (chart)

James Marlay

Livewire Markets

Rio Tinto delivered their interim result after market in Australia today and shares have surged in the London market (chart). The cost cutting program taking place at RIO has been delivered well ahead of target with the underlying earnings result of $US5.1 billion, beating expectations. The underlying results in an increase of 21% on the prior period and appears to have caught the market by surprise. The chart attached from Commsec shows the reaction to the result in the UK.


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James Marlay
Co Founder
Livewire Markets

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