Ferrexpo 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
Read moreFTSE 250 movers: Resource plays do well
8th Jul 2010 16:09
Iron ore producer Ferrexpo and oil company JKX have benefited from an increase in commodity prices. They're closely followed by recruitment firm Hays, which has returned to year on year growth for the first time in two years. Dixons group DSG International is wanted after it emerged that UBS Globa
Read moreFerrexpo 1H Total Pellets Output Up 18% At 4.89M Tons
1st Jul 2010 11:49
MOSCOW (Dow Jones)--Ferrexpo PLC (FXPO.LN), a U.K.-listed, Swiss-registered iron ore miner with operations in Ukraine, said Thursday its first-half 2010 pellet production from own material rose 7.7% from the year-earlier period, while pellet production from third-party concentrate has increased almo
Read morePRESS RELEASE: S&P Assigns Ferrexpo 'B' (FC) 'B+' (LC) Rtgs; Outlook Stable
30th Jun 2010 17:14
The following is a press release from Standard & Poor's: -- We are assigning our 'B' (foreign currency) and 'B+' (local currency) long-term corporate credit ratings to Ukraine-based mining group Ferrexpo PLC. -- In our view, Ferrexpo has a weak business risk profile and an aggressive fina
Read moreFerrexpo Plans Roadshows In Asia, Europe, US Starting July 6
30th Jun 2010 12:04
LONDON (Dow Jones)--Mining company Ferrexpo (FXPO.LN) is planning roadshows in Asia, Europe and the U.S., a bank running the meetings said Wednesday. The roadshows are expected to start July 6 in Hong Kong, July 7 in Singapore, July 8 in London, July 9 in Zurich, July 12 in Frankfurt, July 13 in
Read moreFerrexpo 1Q Pretax Profit $16.06M Vs $24.33M
30th Jun 2010 10:19
LONDON (Dow Jones)--Ferrexpo PLC (FXPO.LN), a mining company said Wednesday that it made pretax profit of $16.06 million for first quarter ended March 31, compared with $24.33 million, and said it expects the group to realize a strong financial performance for the remainder of the year compared with
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