Agarwal clashes with Anglo American board over new director
1st May 2019 08:11
(Sharecast News) - Anglo American's biggest shareholder Anil Agarwal has voted against a new Brazilian board member in a clash over strategy with the mining company's board.
Read moreVedanta's Indian subsidiary awarded 41 exploration blocks
29th Aug 2018 08:29
(Sharecast News) - Vedanta Resources announced on Wednesday that Vedanta Limited, in which it indirectly holds a 50.1% stake, has been successfully awarded 41 exploration blocks in sedimentary basins throughout India under the Indian Open Acreage Licensing Policy (OALP), at a total aggregate bid cost of $551m.
Read moreVedanta sees numbers slide in several areas in first quarter
6th Aug 2018 08:08
(Sharecast News) - Vedanta Resources posted its production and financial results for the first quarter on Monday, with average gross oil and gas production rising 4% year-on-year to 195 kboepd.
Read moreVedanta directors recommend Agarwal buy-out offer
31st Jul 2018 10:52
(Sharecast News) - Vedanta Resources has agreed to be taken private by founder and major shareholder Anil Agarwal for a price equivalent to 825p per share.
Read moreHigher volumes, prices push Vedanta unit to Q3 profit rise
14th Feb 2017 11:01
(ShareCast News) - Third quarter pre-tax profits at Vendanta Resources' main subsidiary rose to INR3,884 crore from INR1,120 crore in 2016 thanks to a recovery in commodity prices combined with an increase in volumes and cost efficiencies. Sales at Vedanta Ltd for the period came in 31% higher year-
Read moreSector movers: Miners gain on stronger than forecast Chinese trade numbers
10th Feb 2017 14:48
(ShareCast News) - Metals and Miners' shares bounded higher at the tail-end of the week amid stronger than expected foreign trade data out of China referencing the month of January, together with sharp gains in the price of some bulk metals. Nonetheless, in the case of Dr. Copper note should be t
Read moreFTSE 250 movers: Beazley comes out on top; miners fall
3rd Feb 2017 14:38
(ShareCast News) - The FTSE 250 index rose 0.89% to 18,421.49 at 1609 GMT on Friday. Insurer Beazley was in the green as it reported a 3% jump in full-year profit as premiums written increased and the company lifted its dividend. In the year to the end of December, pre-tax profit rose to $293.2m fro
Read moreSector movers: Miners rise on Chinese lending data, US dollar weakness
12th Jan 2017 15:00
(ShareCast News) - Mining stocks were again in favour on Thursday as metals´ prices continued to gain in overnight trading on the heels of stronger than expected lending data for Asia´s largest economy and positive newsflow on specific commodities. Continued selling in the US dollar after the Presid
Read moreFTSE 250 movers: Oil stocks boosted by non-OPEC deal; BGEO loses flow
12th Dec 2016 15:35
(ShareCast News) - The FTSE 250 index fell 0.6% to 17,627.04 in the late afternoon. Oil prices rose as non-OPEC members including Russia agreed to cut production by 558,000 barrels per day, less than the 600,000 barrels a day they had been asked for but with Saudi Arabia signalling deeper cuts mi
Read moreFTSE 250 movers: Oil stocks gush ahead while Cranswick loses out
5th Dec 2016 15:30
(ShareCast News) - The FTSE 250 index rose 0.13% to 17,457.33 in the late afternoon. Oil prices continued their steady advance following OPEC's decision to cut its production by 1.2m barrels a day, propping up shares in Tullow Oil, Vedanta Resources (VR) and Petrofac on Monday. Goldman Sachs maintai
Read moreFTSE 250 movers: Up day for midcaps led by Rotork, BGEO and Mitie
22nd Nov 2016 13:35
(ShareCast News) - The FTSE 250 index joined the rest of the markets in an up-day on Tuesday, rising 0.93% to just shy of 17,700 by late afternoon led by rises in Rotork, BGEO and Mitie. Leading the rise was actuator maker Rotork as it let markets know that it expected full year sales will be toward
Read moreFTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal
16th Nov 2016 15:17
(ShareCast News) - The FTSE 250 index was down 0.48% at 17,488.87 at 1604 GMT on Wednesday. Goldman Sachs upgraded Vedanta Resources from 'Neutral' to 'Buy', raised its price target from 450p to 1,300p and added it to their Conviction List, sending its shares up. The bank believes the price of zinc
Read moreTuesday broker round-up
15th Nov 2016 12:30
(ShareCast News) - Dairy Crest: Jefferies downgrades to underperform with a target price of 500p. Royal Dutch Shell: HSBC reiterates buy with a 2360p target. Polymetal: Jefferies stays at underperform with a 700p target. Tesco: Credit Suisse reiterates underperform with a 130p target. Paddy Power
Read moreCredit Suisse cuts Vedanta Resources to 'underperform' on valuation
15th Nov 2016 09:16
(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
Read moreVedanta Resources ramps up production
10th Nov 2016 08:48
(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
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