Share News: Vedanta Shareholders Approve Cairn India Deal
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Share News: Vedanta Shareholders Approve Cairn India Deal

Share News: Vedanta Shareholders Approve Cairn India Deal

UK Share Trading News UK Shares News US Share Trading News US Shares News European Share Trading News European Shares News


A daily look at the leading shares in the UK, US and the rest of the world sponsored by paddypowertrader. For today’s view see Shares Markets.

Share Trading - 14 Dec 2010


UK Share Trading News UK Share Trading News

  • UK Banks - Moody's says outlook for UK banking system remains negative. (RTRS)

  • Bunzl – Co.’s overall trading is consistent with expectations, and revenue growth for this year is expected to be between 3% and 4% due to underlying revenue growth. Also acquisitions continue to be a key component of co.’s growth strategy. (RTR)

  • Whitbread – Co.’s Premier Inn like for like occupancy for the year to data increased to 80.0%, and Costa has maintained its excellent performance with Total System sales up 33.5%. (RTRS)

  • Vedanta - Co. announces that at its general meeting held yesterday, the proposed acquisition of a 51-60% interest in Cairn India from Cairn Energy was approved by its shareholders. (Sources)

  • Companies paying Dividend: Man Group (USD 0.0950)

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US Share Trading News US Share Trading News

  • Equities finished mixed, following investors relief that the PBOC increased the reserve requirement ratio and resisted increasing interest rates during the weekend.

    Furthermore, this saw commodities rally, with the RJ/CRB index rising over 1.5%, and oil & gas and basic materials outperforming in the S&P 500 on a sector basis.

    Stocks moved lower in the closing stages on light volumes ahead of a slew of economic data and at the closing bell the DJIA closed up 0.16% at 11428.56, the S&P 500 closed unchanged at 1240.46 and the NASDAQ 100 closed down 0.36% at 2207.45.

  • Boeing - Co. raises airplane prices by about 5.2%. (Sources)

  • AIG – Co.’s Chairman Miller said the company is starting to think about what acquisitions would fit with the company. (Deal)

  • Yahoo – Co. plans to cut about 650 jobs, or 5% of its workforce. (WSJ)

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European Share Trading News European Share Trading News

  • EADS – Airbus SAS is hoping for orders for its A320 NEO plan in the hundreds from next year. (Les Echos)

  • EDF – Co.’s board will today approve a plan that will cut the co.’s debt by EUR 6bn by transferring 50% of its RTE grid operator to a fund. (Les Echos)

  • Accor – Co. is not planning the sale of Motel 6 or Sofitel. (Le Figaro)

  • Areva – Japan’s Mitsubishi Nuclear Fuel Company has formed a joint venture with co. in the US to produce and sell nuclear fuel in the world’s biggest nuclear market. (Sources)

  • E.On – Co. has entered exclusive negotiations to dispose of its gas network in Italy to a group which includes F2i and Axa. (The Times)

  • Infineon – Co.’s current share price deters takeover attempts according to their Chairman Klaus Wucherer. (Handelsblatt)

  • ING Group - Moody's affirms ING Insurance ratings, outlook changed to negative. (Sources)

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Data provided by RANsquawk. The above comments do not constitute investment advice. Paddypowertrader, RANsquawk and Clean Financial do not accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided. All reasonable efforts have been made to present accurate information.


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Article edited by paddypowertrader which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.

'Share News: Vedanta Shareholders Approve Cairn India Deal' edited by paddypowertrader, updated 14-Dec-10



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