Business Diary: Not everyone is a Vedanta seller

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The Independent Online

Miner Vedanta has twice in recent weeks seen shareholders dump holdings in it because of allegations about its behaviour in India. But HSBC is having no truck with the complaints of the Church of England or the Joseph Rowntree Trust. A note arrives, headlined: "Vedanta, upgrade to overweight: recognising the value of growth".

Caan to follow Fidelity man into China

If it's good enough for the star investment manager Anthony Bolton, who runs a Fidelity fund investing in China, it is good enough for James Caan, the Dragons' Den judge, pictured right. His Insynergy investment vehicle is about to launch a vehicle with a similar investment briefs. Cue jokes about the year of the dragon.

Allison to leave current post on ice

It's a slippery slope for Martin Allison, newly recruited as the boss of PricewaterhouseCooper's debt advisory business in the North. Mr Allison joins PWC after the Easter break – he is currently busy trying to rescue the British Bobsleigh and Skeleton Association from bankruptcy (by Easter, they may have melted one way or another).

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