Shares 

Costs fall and debts swell at Vedanta

Despite posting a significant jump in net debt and lower than expected cash profit of $1.23bn (£0.98bn), the publication of Vedanta Resources ' (VED) half-year results caused shares in the commodities group to soar 12 per cent. That turbocharged bullishness should be seen in the immediate context of surging zinc and copper prices and broad hopes of a Trump-led US construction boom, but a closer look reveals a less than rosy picture.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now