Rio Tinto (RIO +1.9%) rebounds on rising sentiment that a new CEO and big writedowns will...

|About: Rio Tinto plc (RIO)|By:, SA News Editor

Rio Tinto (RIO +1.9%) rebounds on rising sentiment that a new CEO and big writedowns will "herald a new era for the company." Barclays believes the moves may draw a line under the past five years and re-establish RIO as the industry leader in cost control. Also, Goldman Sachs thinks RIO may look to "give shareholders what they want, which is cash back.” (earlier)