Weak prices hit Vedanta earnings

FTSE 100-listed metals and mining company Vedanta Resources saw its share price fall almost two per cent yesterday, after it posted an 8.5 per cent drop in full-year earnings and an 11.6 per cent decline in revenue. The India-focused company attributed the fall in earnings to weaker commodity and oil prices, lower production at certain mines and higher payments on profits to the Indian government last year.