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BUZZ-Vedanta Resources: slumps after capex cut

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in Vedanta Resources (Other OTC: VDNRF - news) fall as much as 6 pct after the mining and oil and gas firm cut FY15 and FY16 capex

** Company cuts FY15 capex to $1.5bln and FY16 capex to $1bln, due to the lower oil prices

** Vedanta's unit Cairn India had also cut FY16 capex to $500 mln from $1.2 bln earlier this month.

** Vedanta's shares last down 5.4 pct ranking the stock among the top percentage losers on FTSE midcaps (RM (LSE: RM.L - news) :aastha.agnihotri.thomsonreuters.com@reuters.net)