FTSE 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
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 09:45
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0845 GMT [Dow Jones] Morgan Stanley adjusts target prices on UK miners, following new quarterly commodity forecasts. "Althoug
Read moreMARKET TALK: Morgan Stanley Adjusts Targets On UK Miners
23rd Jun 2010 09:45
0845 GMT [Dow Jones] Morgan Stanley adjusts target prices on UK miners, following new quarterly commodity forecasts. "Although the order of magnitude of the earnings changes is lower than in previous quarters, we focus investors' attention on the relatively undemanding valuations." Raises African Ba
Read moreFTSE 250 movers: China currency move fires Ferrexpo
21st Jun 2010 12:42
Iron ore producer Ferrexpo is leading the risers in the FTSE 250 as metal prices advance on hopes that China's decision to allow the yuan more flexibility after a two-year peg against the dollar, will reinvigorate the east Asian powerhouse's economy. Finnish nickel and zinc miner Talvivaara Mining
Read moreSector movers: Tobacco lights up
24th May 2010 13:28
Tobacco stocks are in good health Monday thanks to upbeat broker comment. Japanese firm Nomura has lifted Imperial Tobacco from 'neutral' to 'buy' in the belief that now the stock has dipped below 1,800p there is little downside risk left. Analyst David Hayes thinks the market will "now start to r
Read moreFTSE 250 movers: Gem Diamonds sparkles
10th May 2010 16:00
Gem Diamonds is sparkling after saying prices for the gemstones have picked up. Its Let?eng mine in Lesotho sold 15,468 carats at an average price of US$1,753 per carat in the first quarter, up from US$1,017 a year earlier. The Ellendale mine in Australia sold a combined total of 32,286 carats at
Read moreSector movers: Mining stocks lead the slide
5th May 2010 15:06
With UK equities still in the grip of a global slide amid concerns over the continuing turmoil in Greece, there are no sectors in the red. Industrial metals and mining, which is dependent on a healthy global economy, is the worst performer. Iron ore producer Ferrexpo and zinc and nickel group Tal
Read moreFTSE 250 movers: Wetherspoon falls after update
5th May 2010 15:02
Shares in JD Wetherspoon have lost fizz after the budget pub chain scaled back its expansion plans after a deterioration in trading since the beginning of the year. Fellow pub group Punch Taverns is also suffering. Commodity stocks are suffering from jitters over the state of the global economy a
Read moreBroker tips: Ferrexpo, ASOS, Thorntons
20th Apr 2010 13:39
Morgan Stanley has initiated coverage of Ferrexpo with an 'overweight' recommendation for the Ukraine-based miner. The miner's London listing offers investors an opportunity to gain exposure to iron ore prices, Morgan Stanley argues, adding that vertical integration allows Ferrexpo to process all t
Read moreBroker snap: Ferrexpo a pure iron ore play
20th Apr 2010 13:38
Morgan Stanley has initiated coverage of Ferrexpo with an 'overweight' recommendation for the Ukraine-based miner. The miner's London listing offers investors an opportunity to gain exposure to iron ore prices, Morgan Stanley argues. Vertical integration allows Ferrexpo to process all the iron ore
Read moreSector movers: Retailers on the rise
12th Apr 2010 11:29
Takeover chatter and upbeat broker coverage is lifting retail stocks. Talk that Asda, the UK supermarket group owned by the US retail giant Wal-Mart, has Home Retail Group in its sights has lifted the Argos and Homebase owner. Supermarket Sainsbury's is higher after a double upgrade from BofA Mer
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