London open: Stocks slip after QE3 hopes fade
4th Apr 2012 08:21
- ECB to hold rates - Pearson and host of ex-div stocks fall - Kentz drops after major shareholder slashes stake UK stocks fell into the red on Wednesday morning after the US Federal Reserve quashed speculation that it would start another round of quantitative easing (QE) in the near-future. US be
Read moreFerrexpo's long-running shareholder dispute drags on
4th Apr 2012 07:15
FTSE 250 iron ore miner Ferrexpo has announced that its bid to move a long-running shareholder dispute from Ukrainian courts to the UK has been denied. The dispute relates to the ownership of Ferrexpo Poltava, the iron ore deposit in central Ukraine. According to Reuters, the company believes it ow
Read moreFTSE 250 movers: Essar rises as subsidiary makes progress
30th Mar 2012 15:43
Essar Energy was a big riser after it said that its subsidiary Essar Oil has made significant progress with its lenders towards exiting the current loan agreement, which relates to the corporate debt restructuring scheme and its Vadinar oil refinery in Gujarat. Miners were also on the rise as they
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreTuesday tips round up: Ferrexpo, Berkeley, Pittards...
20th Mar 2012 06:50
In the Telegraph, Questor gives Ukrainian iron ore producer Ferrexpo a polish and decides it scrubs up rather well. The company has shifted focus from Eastern European markets and now sells more to China and the growing economies of Asia. There is risk, especially as the Chinese juggernaut appears
Read moreStandard Chartered earns 5.9m pounds worth of shares
16th Mar 2012 16:28
Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San
Read moreFerrexpo sees strong demand in 2011
14th Mar 2012 07:44
FTSE 250 mining firm Ferrexpo achieved record sales volumes and prices in 2011, helped by producing at full capacity and an increased pellet quality. Revenue reached $1,788m during the 12 months ended December 31st, up 38% on the $1,295m generated the year before, as a result of higher sales prices
Read moreSector movers: Global concerns weigh on resource stocks
6th Mar 2012 16:18
Every sector was either flat of registering losses on Tuesday, as the ongoing Greek crisis dampened sentiment across equity markets. Europe is awaiting a final decision this week on the Greek debt restructuring. Private investors have a March 8th deadline to decide if they will accept a debt exchan
Read moreFriday broker round-up -UPDATE
10th Feb 2012 10:27
Ferrexpo: Rennaisance downgrades to hold. ICAP: Goldman Sachs downgrades to neutral from buy. Schroders: Goldman Sachs upgrades to buy from neutral. Next: Deutsche Bank upgrades to buy from hold. National Grid: JP Morgan downgrades to neutral from outperform. Barclays: Nomura maintains buy
Read moreSector movers: Miners sold off as dollar gains on euro crisis
30th Jan 2012 14:50
The Eurozone crisis sparked a sell-off in the industrial metals and mining sector today, as ongoing talks in Greece and this afternoon's EU summit weighed on market sentiment. The absence of a debt-swap deal in Greece, the downgrade of five Eurozone nations, and a euro-era record high Portuguese 10
Read moreSector movers: Sharp fall for retailers, Tesco drops 15%
12th Jan 2012 15:41
Food and drug retailers fell by an average 12% on Thursday as a number of trading updates and results failed to impress. Supermarket titan Tesco led the declines falling nearly 15%. 'Must do better' is the theme of the firm's Christmas trading statement, as it saw the sales performance in its home
Read moreFerrexpo increases pellet production
12th Jan 2012 08:59
The Switzerland-based, but Ukrainian-owned, iron ore producer Ferrexpo increased total pellet production by 3.3% in the fourth quarter of 2011 compared to the previous three month period. Pellet production from its own ore during the whole of 2011 was in line with 2010, with both years at full cap
Read moreCredit Suisse notes risks to Vedanta from new Indian legislation
3rd Jan 2012 13:11
Analysts at Credit Suisse are today reacting to news reports that Indian authorities have raised the export tax on all grades of iron ore from 20% to 30% putting further pressure on exports. Coupled with project delays in Brazil they now believe that iron ore prices may stay higher for longer. Howe
Read moreFTSE 250 Movers: Retailers dive on consumer confidence
21st Dec 2011 14:42
Retailers were the heavy fallers after the GfK NOP UK consumer confidence index fell to its lowest level since February 2009. The index decreased to -33 points in December from -31 the month before. The market consensus had been expecting a small up-tick to -31. A downbeat report by Fitch hasn't d
Read moreFerrexpo aims for legal showdown in London
19th Dec 2011 08:02
The Switzerland-based, but Ukrainian-owned, iron ore producer Ferrexpo is to take a long running legal dispute to the High Court in London. The dispute, with Gilson Investments, and other parties, relates to the sale by Gilson in 2002 of a large stake (reported by the Financial Times to be 40%) in
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