News

Vedanta Resources revealed today that deputy executive chairman Navin Agarwel last week cut his stake in the group by a quarter.

Agarwal disposed 50,000 shares at £13.14p each to raise £657,000 last Friday. The disposal meant he cut his stake to 150,000 shares.

Last month the copper and zinc miner announced better than expected results for the third quarter with earnings nearly trebled in the period.

The group reported an 80.6% increase in third quarter revenues to $1.76bn compared with the same period last year, driven by higher volumes. EBITDA rose 174% to $724m against expectations of a 164% increase.

Top Director Buys

County Contact Centres (CUY)
Director name: Mr Peter Brown
Amount purchased: 721,428 @ 14.00p
Value: £101,000

Solana Resources (SORL)
Director name: Mr Stan Grad
Amount purchased: 100,000 @ 37.73p
Value: £37,730

Solana Resources (SORL)
Director name: Mr Stan Grad
Amount purchased: 100,000 @ 36.19p
Value: £36,190

Davis Service Group (DVSG)
Director name: Mr David Lawler
Amount purchased: 10,000 @ 525.00p
Value: £52,500

Mountview Estate (MTVW)
Director name: Mr K Langrish Smith
Amount purchased: 500 @ 6,612.50p
Value: £33,062

Mountview Estate (MTVW)
Director name: Mr K Langrish Smith
Amount purchased: 500 @ 6,600.00p
Value: £33,000

County Contact Centres (CUY)
Director name: Mr Philip John Dayer
Amount purchased: 178,572 @ 14.00p
Value: £25,000

Mcbride (MCB)
Director name: Mr Christine A Bogdanowicz-Bindert
Amount purchased: 10,000 @ 219.30p
Value: £21,930

Solana Resources (SORL)
Director name: Mr Stan Grad
Amount purchased: 18,500 @ 40.00p
Value: £7,400
Top Director Sells

XP Power (XPP)
Director name: Mr James E Peters
Amount sold: 300,000 @ 511.00p
Value: £1,533,000

XP Power (XPP)
Director name: Mr Larry Tracey
Amount sold: 300,000 @ 511.00p
Value: £1,533,000

Croda (CRDA)
Director name: Mr Michael Humphrey
Amount sold: 200,000 @ 659.05p
Value: £1,318,100

Vedanta Resources (VED)
Director name: Mr Navin Agarwal
Amount sold: 50,000 @ 1,314.17p
Value: £657,085

MTI Wireless Edge (MWE)
Director name: Mr Zvi Borovitz
Amount sold: 873,000 @ 53.00p
Value: £462,690

MTI Wireless Edge (MWE)
Director name: Mr Dov Feiner
Amount sold: 400,000 @ 53.00p
Value: £212,000

XP Power (XPP)
Director name: Mr Michael Laver
Amount sold: 25,000 @ 511.00p
Value: £127,750

Peninsular Gold (PGL)
Director name: Mr Dato' Mohamed Moiz bin JM Ali Moiz
Amount sold: 257,543 @ 30.00p
Value: £77,263

MTI Wireless Edge (MWE)
Director name: Mr Moshe Borovitz
Amount sold: 127,000 @ 53.00p
Value: £67,310

XP Power (XPP)
Director name: Mr Mickey Lynch
Amount sold: 10,000 @ 511.00p
Value: £51,100