Overnight in Asia, most investors remained bullish as commodity prices climbed; the Nikkei 225 climbed +0.79% to 13,296.
First off, we stay with Vedanta Resources for just-released full year production numbers. Oil & Gas full year production is +19% higher driven by +32% production growth at Rajasthan while the company also reports full year production growth across Oil & Gas, Copper, Aluminium, Lead and Silver.
Mined metal production was a record 260,000 tonnes in Q4, +16% higher than for the same time period last year; full year production was 870,000 tonnes, +5% higher than the previous year claims Vedanta.
Although Vedanta was fined £12m for environmental breaches at its Tuticorin plant, the Indian Supreme Court has overturned a judgment that it should close, boosting its shares. Meanwhile the company looks poised for merger of Cairn India (where it has a majority stake) and Cairn Energy.
Positive momentum in its UK business has been maintained with headcount growing and improving margins in the second half, it claims. Its North American consultancy business is still experiencing "soft" market conditions.
"As a result of additional costs in closing out its legacy contracts, Peter Brown, our construction management at risk business, is now expected to report a loss of around £6m for the year." Investec recently downgraded its shares, snipped to a Reduce rating.
Finally, an interim from homewares retailer Dunelm Group. Total revenue for the third quarter grew +15.4% and like-for-like sales for the quarter grew +5.2% thanks to a later end to its winter sale and an earlier Easter.
The Group remains strongly cash generative it claims, "with closing net cleared funds at bank of £32.7m. Daily average net cleared funds over the period since our return of capital on 30th November 2012 were £ 50.0m."
Dunelm Group saw its target price lifted by Panmure Gordon from 878p to 891p which retains a Buy rating on the stock.