Record production levels for Ferrexpo
11th Nov 2010 10:24
Shares rose in Ukrainian iron ore producer Ferrexpo after a strong third quarter saw total pellet production in the year to date increased 15.7% compared with 2009. Total pellets produced increased to 8.34m tonnes in the year to date, from 7.20m tonnes in the same period previously. "Production in
Read moreLondon open: Small improvement for Footsie
11th Nov 2010 08:16
Blue chips started pretty much as expected, posting reasonable gains in response to yesterday's steady recovery on Wall Street, with commodity plays leading the pack. The Dow Jones was trading deep in the red when London shut up shop Wednesday, but shed nerves ahead of today's G20 meeting in Seoul
Read moreWednesday tips round-up: BP, TUI Travel, Ferrexpo...
6th Oct 2010 06:45
Last week, Bob Dudley, BP's new chief executive, hinted that the company's dividend may be restarted this year. BP suspended its dividend in June for the first time in 18 years as the fallout from the Macondo oil well accelerated. If the dividend is reinstated at the lower level expected by the ma
Read moreLondon open: Gains short-lived
4th Oct 2010 08:37
Renewed interest in the insurance sector and strong miners nudged London into positive territory, but Monday morning blues soon kicked in and stocks are now in the red. Reports in his morning's papers reveal RSA, Resolution, Switzerland's Zurich Financial Services and Germany's Allianz discussed mo
Read moreLondon pre-open: Footsie to renew assault on 5600
4th Oct 2010 07:35
London is expected to open cautiously firmer with City traders thinking the FTSE 100 index might just about breach the 5600 barrier at the opening, which would mean a rise of around 7 points from Friday's close. Hovis bread and Branston Pickle owner Premier Foods has confirmed reports in the weeken
Read moreFerrexpo marketing chief resigns
4th Oct 2010 07:20
The chief marketing officer at Ukrainian iron ore producer Ferrexpo has resigned. Simon Wandke who joined the Swiss headquartered resources giant in 2006, will leave at the end of the year. "On behalf of the board I would like to thank Simon for his significant contribution to the company," said c
Read moreInstitutions keen to lend to Ferrexpo
28th Sep 2010 07:57
Ukrainian iron ore producer Ferrexpo has secured a new debt facility, with leading institutions falling over themselves to lend it money. The pre-exporting financing facility is for $350m and matures at the end of March 2014. It will be amortised over 24 months following an 18 month grace period, t
Read moreFTSE 250 movers: Micro Focus falls after sluggish sales
11th Aug 2010 14:29
Legacy software specialist Micro Focus is sharply lower after it slashed its sales forecasts for this year following a sluggish first quarter and slow licence sales, though earnings guidance is unchanged. Ukraine iron ore producer Ferrexpo is lower amid a backdrop of lower metals prices. Don't rea
Read moreLondon close: Footsie finishes lower
5th Aug 2010 16:56
Blue chips closed lower on a mixed day for company results. Insurers rose on the back of figures from Aviva and RSA, but banks slipped back on Barclays' numbers. Disappointing unemployment data from the US also undermined confidence, while the decision from the Bank of England and ECB to keep inter
Read moreLondon afternoon: Insurers in demand
5th Aug 2010 14:23
Company results have divided opinion in the market today leaving the FTSE 100 in a mixed-up mood, while second-liners make decisive headway. Insurers are doing their bit to push the market higher with Aviva and RSA Insurance both firmer after releasing figures. Aviva reported a better-than-expect
Read moreFerrexpo profits soar as demand recovers
5th Aug 2010 08:30
Ukrainian iron ore producer Ferrexpo saw profits soar in the six months to June 30 as demand for the commodity from steel makers rebounded following the global economic crisis. Pre-tax profits for the period soared to $183m from $37m in the same period the previous year as revenues jumped to $526m
Read morePRESS RELEASE: S&P Lifts Ferrexpo L-T FC Rtg To 'B+' On Sov Action; Otlk Stbl
30th Jul 2010 14:58
The following is a press release from Standard & Poor's: -- On July 29, 2010, we raised our long-term foreign currency rating and our transfer and convertibility assessment on Ukraine to 'B+'. -- We are consequently raising our long-term foreign currency rating on Ukraine-based iron ore p
Read morePRESS RELEASE: S&P Places Ferrexpo PLC 'B' FC Rating On Watch Pos
23rd Jul 2010 17:04
The following is a press release from Standard & Poor's: -- The ratings on Ukraine were placed on CreditWatch with positive implications on July 22, 2010. -- We are placing our 'B' long-term foreign currency rating on Ukraine-based iron ore producer Ferrexpo PLC on CreditWatch positive.
Read moreFerrexpo Not To Proceed With Bond Deal At This Time
22nd Jul 2010 09:17
LONDON (Dow Jones)--Ferrexpo PLC (FXPO.LN), a Swiss headquartered resources company principally involved in the production and export of iron ore pellets, said Thursday it has decided not to proceed with a bond transaction at this time given its current robust liquidity position and other available
Read moreMARKET TALK: Ukraine's Ferrexpo Wraps Up Roadshow; Global Bonds In Sight
15th Jul 2010 17:37
1636 GMT [Dow Jones] Ukraine-based iron ore producer Ferrexpo PLC is expected to come to global markets after a roadshow wraps up Thu, managed by JPMorgan and UBS. S&P gave the company a B foreign currency rating recently, citing healthy profitability, long reserve life and a weak business risk prof
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