Vedanta ShareCast News (VED)



ShareCast News for Vedanta (VED)


Share Price: 1,273.00Bid: 1,273.00Ask: 1,275.00Change: 0.00 (0.00%)No Movement on Vedanta
Spread: 2.00Spread as %: 0.16%Open: 1,264.00High: 1,297.00Low: 1,264.00Yesterday’s Close: 1,273.00




FTSE 100 movers: Miners head lower on poor data

Wed, 1st Aug 2012 15:28

Mining stocks spent the day in the doghouse as China's manufacturing data provided no more encouragement for bulls of the sector than did the UK's.

Russian steel giant Evraz turned lower on the data, as did miners Randgold, Vedanta, Fresnillo and ENRC, the last mentioned after a run of the mill production update.

Chilean copper miner Antofagasta defied the trend, however, rising after it reaffirmed full year production guidance in its second quarter output update.

Emerging markets focused bank Standard Chartered rose after it saw profit before tax for the six months to the end of June was up 9% to $3,636m from $3,139m the year before, in line with operating income, which improved to $9,511m from $8.764m in the first half of 2011.

Fashion firm Next continues to march to a different drum in the retail sector, with its online and catalogue sales coming to the rescue in a period when umbrellas were the must-have accessory to any outfit. Total sales for the first half of 2012 were up 4.5% against last year, the firm said, topping its prediction of growth between 1% and 4%.



FTSE 100 - Risers

Next (NXT) 3,453.00p +7.27%

Shire Plc (SHP) 1,938.00p +4.87%

Standard Chartered (STAN) 1,532.50p +4.64%

Admiral Group (ADM) 1,141.00p +4.49%

Vodafone Group (VOD) 187.90p +2.90%

Aggreko (AGK) 2,099.00p +2.79%

Old Mutual (OML) 161.80p +2.60%

SABMiller (SAB) 2,827.00p +2.54%

Pearson (PSON) 1,226.00p +2.51%

Aviva (AV.) 298.70p +2.43%

FTSE 100 - Fallers

Randgold Resources Ltd. (RRS) 5,630.00p -2.93%

Vedanta Resources (VED) 957.00p -1.95%

Whitbread (WTB) 2,099.00p -1.73%

Eurasian Natural Resources Corp. (ENRC) 387.10p -1.50%

Fresnillo (FRES) 1,436.00p -1.37%

United Utilities Group (UU.) 676.00p -1.02%

Johnson Matthey (JMAT) 2,160.00p -0.92%

BG Group (BG.) 1,251.50p -0.83%

Sainsbury (J) (SBRY) 320.70p -0.80%

Tullow Oil (TLW) 1,280.00p -0.78%

NR








London midday: Markets rangebound but winning streak continues

The FTSE 100 was continuing to trade within an extremely tight range on Thursday morning as investors consider how much further the rally will go given that the index is already trading at levels not seen in five and a half years.
[Thu 11:34]

London open: FTSE 100 breaches 6,700 after Japanese GDP

The winning streak on the FTSE 100 continued into its 11th day on Thursday as stronger-than-expected growth in Japan boosted London's benchmark index to fresh five-and-a-half-year highs.
[Thu 08:35]

Vedanta Resources sees earnings rise on record production

Vedanta Resources rewarded shareholders with a six per cent rise in dividend as the miner unveiled an increase in revenue and earnings in its full-year results.
[Thu 07:25]

Thursday preview: Vedanta Resources to post annual results

Vedanta Resources will steal the show on Thursday when the mining company reports its full-year results.
[Wed 15:04]

Sector movers: Miners drop on global growth concerns

Uncertainty about the global economy was weighing heavily on the mining sectors on Tuesday, as concerns over the demand outlook prompted investors to scale back their appetite for risk.
[Tue 14:59]

FTSE 100 movers: Severn Trent tops index after bid approach is confirmed

Severn Trent topped the leaderboard after it confirmed press speculation that it has received a bid approach from a consortium of investors, which is rumoured to value the UK utility company around 5.3bn pounds. In a statement released this morning, Severn Trent said it had received an approach with a view to making a proposal from Canadian infrastructure investor Borealis, the Kuwait Investment Office and Universities Superannuation Scheme.
[Tue 14:57]

London midday: Stocks snap winning streak as Chinese data disappoints

Disappointing economic data from China on Monday put an end to a seven-day winning streak in London which lifted the FTSE 100 to a five-and-a-half-year high last week.
[Mon 11:51]

London open: Markets pause after strong run last week

Weakness in the financial sector meant that the FTSE 100 was in the red on Monday morning, with investors pausing for breath after the index reached fresh multi-year highs last week.
[Mon 08:48]




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