THE honeymoon is over for Rio Tinto’s newly-appointed chief executive Sam Walsh. Investors seem to be out of love with the mining giant, which reports earnings on Thursday. Since 2009, Rio has traded at a 30 per cent discount to its net present value, according to some analysts. But details of a cost-cutting plan could still woo over investors. GFT Markets quotes a price of 3,643p-3,652p.
Traders don’t expect any major surprises from Tullow Oil when it reports its full year results tomorrow. But after its credibility was recently dented by huge balance sheet write downs, the oil and gas company’s management will need to outline its 2013 strategy in some detail to win back investors hearts. IG quotes a price of 1,168.8p-1,171.2p.