Cairn Energy (CNE)

Sector:

Energy Producers

Index:

FTSE 250

161.90p
   
  • Change Today:
      0.30p
  • 52 Week High: 207.80p
  • 52 Week Low: 60.70p
  • Currency: UK Pounds
  • Shares Issued: 589.55m
  • Volume: 1,736,762
  • Market Cap: £954.49m
  • RiskGrade: 226

International arbitration panel rules in favour of Vodafone in Indian tax case

By Alexander Bueso

Date: Friday 25 Sep 2020

LONDON (ShareCast) - (Sharecast News) - An international arbitration tribunal in The Hague has handed down a sentence in favour of Vodafone in its $2bn tax claim dispute with New Delhi.
According to Reuters, which cited two sources with direct knowledge of the matter, the judges found that the Indian government's imposition of a tax liability on the telecommunications giant breached the investment treaty between India and the Netherlands.

India had claimed approximately $3.79b from Vodafone, including $2bn in taxes, on top of accrued interest and penalties.

New Delhi had other such outstanding cases against over a dozen other companies, including Cairn Energy.

India's Supreme Court had already found in favour of Vodafone in 2012 but the country's government later changed rules to be able to impose taxes on takeover deals, such as the 2007 acquisition of Indian mobile assets by Vodafone.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Cairn Energy Market Data

Currency UK Pounds
Share Price 161.90p
Change Today 0.30p
% Change 0.19 %
52 Week High 207.80p
52 Week Low 60.70p
Volume 1,736,762
Shares Issued 589.55m
Market Cap £954.49m
RiskGrade 226

Cairn Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.85% above the market average52.85% above the market average52.85% above the market average52.85% above the market average52.85% above the market average
56.04% below the sector average56.04% below the sector average56.04% below the sector average56.04% below the sector average56.04% below the sector average
Price Trend
20.11% above the market average20.11% above the market average20.11% above the market average20.11% above the market average20.11% above the market average
75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average
Income Not Available
Growth
36.86% above the market average36.86% above the market average36.86% above the market average36.86% above the market average36.86% above the market average
49.09% above the sector average49.09% above the sector average49.09% above the sector average49.09% above the sector average49.09% above the sector average

What The Brokers Say

Strong Buy 8
Buy 1
Neutral 2
Sell 0
Strong Sell 1
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Cairn Energy Dividends

No dividends found

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 1,173,305 @ 161.90p
16:29 69 @ 158.90p
16:29 49 @ 158.90p
16:29 4 @ 158.70p
16:29 4 @ 158.70p

Cairn Energy Key Personnel

CEO Simon Thomson
CFO James Smith

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