Vedanta Resources Share News (VED)

Credit Suisse cuts Vedanta Resources to 'underperform' on valuation

(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

BUZZ-Antofagasta: best day in 8 yrs on copper jump

** 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);

Vedanta Resources ramps up production

(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

Vedanta Resources Reinstates Interim Dividend Despite Revenue Drop

BUZZ-European miners: Barclays reiterates "positive", hikes PTs

** 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

FTSE 250 movers: Miners rally, housebuilders slump

(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

LONDON MARKET CLOSE: China Inflation, US Banking Results Support Gains

Vedanta makes solid production improvements in first half

(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

Vedanta Resources promotes Arum Kumar to CFO

(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

FTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low

(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%

Cairn India shareholders approve Vedanta merger

(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

Vedanta maintains FY aluminium production guidance at 1.2m tonnes

(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

BROKER RATINGS SUMMARY: Jefferies Upgrades BHP Billiton To Buy

BROKER RATINGS SUMMARY: Cantor Upgrades easyJet To Buy From Hold

Vedanta Resources confirms board committee changes

(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.