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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Feb 08, 2013 at 04:21

  • Mining Weekly: Zambia's Konkola Copper Mines, owned by Vedanta Resources, plans to invest $200 million in an abandoned open-pit mine which last produced copper in the 1970s

Virgin Media INC

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  • Bloomberg: Virgin Media raised $3.65 billion with bonds in dollars and pounds as part of a planned $8.3 billion financing package to help fund its acquisition by John Malone’s Liberty Global

Vodafone Group PLC

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  • Wall Street Journal: Mobile revenues at Vodafone Group fell 2% to £11.39 billion in the final quarter of 2012, as Chief Executive Vittorio Colao said he can't make out when a steepening revenue decline at the company will abate or turn around
  • Reuters: Shares in Vodafone rose by 1.7% on Thursday as the group maintained its outlook for the year and as analysts said the results were not quite as bad as some had feared after torrid results from KPN and Mobistar earlier this week

Weir Group PLC

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  • Financial Times: Weir Group rose 0.6% to £20.78 in London on Thursday - its highest in nearly a year - after Patterson UTI Energy reported a surge in demand for fracking equipment

Xstrata PLC

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  • Dominican Today: The UNDP reiterated on Thursday that its sole role is to advise Dominican Republic’s Government by evaluating the environmental impact study submitted by Xstrata Nickel for its planned mine at Loma Miranda

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