Ferrexpo profits jump as iron ore price soars
3rd Aug 2011 11:10
Sales and profits soared at Ferrexpo in the six months to 30 June as the ferrochrome producer continued to benefit from strong demand for the steel ingredient. EBITDA (Earnings before interest, tax, depreciation and amortisation) rose by 86% from the same period last year to $401m (£246.1m) on reve
Read moreLondon close: Poor start on Wall Street fuels late sell-off
2nd Aug 2011 16:32
A poor start on Wall Street spurred a late decline in London on Tuesday, as the Footsie fell nearly 1% in afternoon trading, despite trading sideward for the majority of the day. The main US equity benchmarks are now trading firmly in the red following worse than expected economic numbers out in t
Read moreSector movers: Metals/mining stocks lower on economic concerns
2nd Aug 2011 13:48
The metals and mining sectors were unwanted on Tuesday on fears over the global economic recovery. Despite the successful passage through the US House of Representatives of the budget deficit reduction bill last night, many have pointed to recent disappointing global manufacturing data and the ongo
Read moreSector movers: Ferrexpo production disappoints
6th Jul 2011 17:32
Ukraine-focused iron ore producer Ferrexpo was a weight on the Industrial Metals & Mining sector after a production update disappointed. Second quarter pellet production from the group's own ore rose by 6.9% in the second quarter from the first quarter's levels. Second quarter pellet production, i
Read moreSector movers: Metals/mining stocks fall on demand worries
16th Jun 2011 15:57
The industrial metals and mining sector is the worst performing sector on Thursday. Resource stocks suffered a bout of profit-taking as fears on global growth continued to dampen the markets, causing concerns over the demand for commodities. Talvivaara Mining, London Mining, Ferrexpo, Toledo Minin
Read moreSector movers: Real estate stocks up, British Land higher
15th Jun 2011 15:07
British Land is lifting the real estate investment trust sector higher after the government's decision not to list the Broadgate office development in the City of London. English Heritage had argued the current buildings, clustered around Liverpool Street Station, were important examples of mid-eig
Read moreFTSE 250 movers: Supergroup plummets ahead of retail data
15th Jun 2011 14:43
The retailers are falling lower ahead of UK retail sales figures due to be released on Thursday. Supergroup, Dixons Retail and Home Retail are among the worst performers, with Supergroup falling over 8%. Regus is leading the risers after withdrawing its offer for MWB Business Exchange earlier this
Read moreFerrexpo at full tilt, costs rise
26th May 2011 11:37
Ukraine-focused iron ore producer Ferrexpo has continued operating at full capacity while seeking to control costs, which are being pushed up by higher commodity prices. Chairman Michael Abrahams was due to tell shareholders that total production has been in line with plans. "Ferrexpo continued to
Read moreFTSE 250 movers: Supergroup, Keller plummet
12th May 2011 14:56
Two companies, SuperGroup and Keller, took a tumble on Thursday, both falling over 20% lower. Fast-growing fashion group SuperGroup failed to get its summer range out in time for the unseasonably warm weather seen recently, resulting in a lower sales growth rate in the three months to 1 May. Grou
Read moreSunday tips round-up: Smith & Nephew, RPC, Ferrexpo...
27th Mar 2011 15:00
Last week, BlackRock - the world's largest asset management firm - increased its position in medical device group Smith & Nephew to almost 45m shares, representing 5.02% of the company, good news for a company consistently at the centre of takeover speculation. Shares in the artificial joint maker
Read moreAxis-Shield finance chief buys
24th Mar 2011 17:01
Ronny Hermansen, the finance director of diagnostics firm Axis-Shield, has invested £31,000 in the company. Hermansen has acquired 10,000 shares at 313.5p each, which takes his stake to 113,498 shares. Axis announced a maiden dividend of 1p a share when it released its 2010 figures last week. Th
Read moreThursday tips round-up: Ferrexpo, Carnival, Petropavlovsk
24th Mar 2011 06:34
If you think we've got problems, try living in Ukraine. Inflation was running at 21 per cent there last year, a headache for companies such as Ferrexpo, which mines iron ore and ships it by rail and barge to its customers, mostly in Central and Eastern Europe. The shares are on about seven times thi
Read moreSector movers: ENRC leads miners higher
23rd Mar 2011 17:37
The mining sector was the best performing sector Wednesday, helped higher by strong gains from the blue chips. Kazakhstan-based mining giant ENRC announced that underlying profits more than doubled last year. Shares in Kazakhmys, Xstrata, Rio Tinto and Antofagasta rose in sympathy. The industrial
Read moreFTSE 250 movers: Ferrexpo heads the risers
23rd Mar 2011 17:30
Ukrainian iron ore pellet producer Ferrexpo was the best performed after it doubled revenue in 2010 as production hit a record, taking full advantage of strong demand and high prices. Heading the other way was Punch Taverns, after the decision to split itself in two yesterday. Oil explorer Soco I
Read moreLondon close: Miners push Footsie higher
23rd Mar 2011 17:19
Footsie ended the day close to its high point though that was largely due to the strength of mining stocks rather than a rapturous reception to the UK Budget. What did get a rapturous reception, at least for a while, was the news that the voting by the Monetary Policy Committee in March on interest
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