(ShareCast News) - Vedanta Resources' third quarter earnings have halved, as earnings from oil and gas have plummeted. The FTSE 250 miner said on Friday that group EBITDA was down 51% from $1.015bn (£706.7m) to $493.6m. Earnings from oil and gas were down substantially, dropping from $346m to $95.5
Read more(Adds details, background) LUSAKA, Jan 22 (Reuters) - Zambia's copper production inched higher to 711,515 tonnes in 2015 from 708,000 tonnes the previous year mainly due to a new mine owned by Canada's First Quantum Minerals, the Chamber of Mines said on Friday. An electricity shortag
Read more(ShareCast News) - The FTSE 250 was firmly in the black on Tuesday, rising 152.56 points (0.96%) to 16,111.37 by mid-afternoon. Shares in Ocado were flying as rumours of a bid from Amazon resurfaced. The US internet retail giant was reported to be working on a potential approach for the FTSE 250 on
Read moreNEW DELHI, Jan 19 (Reuters) - India's top court on Tuesday asked the government to not proceed with any sale of its minority stake in Hindustan Zinc, a senior government official said, further delaying majority owner Vedanta Resources Ltd's bid to take total control. "We were not in a hurry
Read more** Shares in London's miners at the top of the FTSE 100 after copper hits its highest in more than a week as China's Q4 growth met expectations ** Copper hit multi-year lows last week, hurting battered commodities stocks ** Anglo American, Glencore, Antofagasta , Rio Tinto, BHP Billit
Read more(ShareCast News) - The FTSE 250 continued to slide on Monday, dropping 188.52 points (1.17%) to 15,972.08 by mid-afternoon. Vedanta Resources led a bunch of miners featuring on the fallers list, after JP Morgan Cazenove re-evaluated its stance on the mining sector. In a note released on Monday, the
Read more(ShareCast News) - Stocks on the FTSE 250 plunged on Thursday, before recovering somewhat by the afternoon. The second-tier market was down 278.91 points (1.63%) to 16,780.07 by mid-afternoon. Poundland was the market's biggest victim after it said that disastrous trading conditions in November con
Read more(ShareCast News) - Vedanta Resources' subsidiary Vedanta Limited has appointed Samir Cairae to head up the company's India metals division. Cairae, who is an is an electrical engineer from IIT-Kanpur, has previously held various leadership positions at Lafarge and Schlumberger The company said the
Read more(ShareCast News) - The FTSE 250 was in the black by mid-afternoon Tuesday, up 60.04 points (0.35%) to 17,182.19. Home Retail Group surged after Sainsbury's revealed it is still considering making a takeover offer for Home Retail after a November approach for the FTSE 250 retail group was rejected.
Read more(ShareCast News) - The FTSE 250 was up 0.49% to 17,162.29 points, led by mining companies after China's government hinted at further stimulus measures. The Chinese government said monetary policy must be more "flexible" and fiscal policy more "forceful" , according to a statement release at th
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