April 9, 2015

Friday's agenda: More of the same expected from Vedanta

The fourth quarter sales and production volumes update from Vedanta Resources should not be that dissimilar from the third quarter.


However, the oil and gas production business has had to face maintenance works, which is more than likely to hinder production, notes Sheridan Admans, investment research manager at The Share Centre.


“The zinc and aluminium production rates should continue the momentum of the last few quarters while we wait to see how production rates of iron ore picks up as certain states lift mining bans,” he added.


Significant announcements expected


Finals: Biofrontera (LON:B8F), Huntsworth (LON:HNT)


Trading statements: Hays (LON:HAS), Vedanta Resources (LON:VED), XP Power Ltd (LON:XPP)


Economic: UK - Industrial production; Construction output; NIESR gross domestic product estimate, US - Monthly budget statement



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