Vedanta Resources Share News (VED)
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VEDMon, 12th Dec 2016 15:35
(ShareCast News) - Credit Suisse cut its stance on Vedanta Resources to 'underperform' from 'neutral' on valuation grounds and fading earnings momentum. After last week's interim results, CS upped its price target on the stock to 670p from 600p but downgraded the stock as the valuation is now at a l
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** Antofagasta leaps 20%, poised for its biggest one-day rise since Nov 2008, after copper surges more than 5% to a 16-month high on Thursday ** Copper spikes on speculation US infrastructure spend could jump under a Republican administration (sparks wave of interest in industrial metals);
Read more(ShareCast News) - Global natural resources company, Vedanta, has increased its production on aluminium, power and iron ore businesses during the first half. "Vedanta Resources continues to deliver on all fronts, achieving robust operational and financial performance in the first half of the financi
Read more** Barclays analysts reiterate "positive" on European mining sector, and say macro data has generally been positive ** Point to strength in Chinese data in September, with rising steel production, strong electricity consumption growth, and robust auto sales ** Say valuations remain co
Read more(ShareCast News) - The FTSE 250 index fell 0.83% to 17,831.76 points in afternoon trade on Monday. Drax Group was the biggest riser as Credit Suisse reiterated an 'outperform' rating and raised its target price on the shares from 415p to 425p. Credit Suisse said the European Commission might soon a
Read more(ShareCast News) - Vedanta Resources posted its production results for the second quarter and half-year to 30 September on Monday, with some solid improvements in its oil and gas division. The FTSE 250 firm reported strong production at Rajasthan, with Mangala enhanced oil recovery 23% higher quarte
Read more(ShareCast News) - FTSE 250 listed Vedanta Resources, a diversified metals miner and energy company, promoted its deputy Arun Kumar to chief financial officer. Kumar, who was previously deputy CFO, succeeded DD Jalan, who retired after 16 years with the company, and will provide support during the t
Read more(ShareCast News) - The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners. Top of the mid-cap list was miner and steel maker Evraz. Analyst Mike van Dulken at Accendo Markets said the Russian group, where Chelsea owner Roman Abramovich has a 31%
Read more(ShareCast News) - Cairn India's shareholders have approved the group's merger with parent company Vedanta. The move was approved by 92.86% of shareholders. The scheme was also approved by a majority of the minority shareholders, with 72.43% in favour of the resolution. Vedanta Resources chairman A
Read more(ShareCast News) - Vedanta Resources said it had maintained aluminium production guidance at 1.2m tonnes a year despite a power shut down at one of its plants in August. The commissioning of pots at the first line of the company's Jharsuguda-II aluminium smelter was completed in end-July 2016, it ad
Read more(ShareCast News) - Vedanta Resources confirmed a number of changes to its board committees and their membership on Monday, following the company's annual general meeting on Friday. The FTSE 250 firm had previously announced in May that Euan Macdonald was stepping down from the conclusion of the AGM.
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