2010 outlook more positive for Ferrexpo
23rd Mar 2010 08:35
Iron ore producer Ferrexpo saw earnings slump in 2009 as demand for iron ore remained poor until the final quarter of the year. Earnings before interest, tax, depreciation and amortisation in 2009 tumbled to $138.1m from $503.9m the year before, while profit before tax collapsed to $80.85m from $3
Read moreLondon close: Footsie follows US lower
15th Jan 2010 16:39
Footsie finished the week on a low as a poor performance in the US dragged the leading share index down in afternoon trading. US shares fell after consumer confidence rose less than expected in January. Here, Man Group was the heaviest faller after the hedge fund manager suffered a 4% drop in fund
Read moreLondon afternoon: Flat Footsie
15th Jan 2010 14:27
The blue-chip index is treading water, though there has been some keen interest in the day's big results announcements. Man Group is sharply lower after the hedge fund manager suffered a 4% drop in funds under management during the third quarter, mainly due to the $1.2bn pulled out of its flagship
Read moreFTSE 250 movers: Retail weakness continues
15th Jan 2010 12:43
Retailers are still left on the shelf following some cautious trading updates from the sector earlier this week Music, books and films retailer HMV, bike and car parts chain Halfords, and department store group Debenhams, all of which issued Christmas trading statements this week, are in the red.
Read moreLondon midday: Leading shares ease back
15th Jan 2010 12:28
Leading shares are mixed, with the FTSE 100 dipping into negative territory after JP Morgan issued a mixed set of figures. The US banking titan's bottom line was healthier than expected, with fourth quarter earnings per share of 74 cents versus expectations of 60 cents, but net revenues of $25.2bn w
Read moreFerrexpo finishes 2009 on a high note
15th Jan 2010 08:46
Iron ore producer Ferrexo saved the best to last in 2009, with output in the fourth quarter being the best of the year. Pellets produced from the company’s own materials totalled 2.24m tonnes in the fourth quarter, up 21.7% on output in the final quarter of 2008 but down slightly on the 2.25m tonne
Read moreFTSE 250 movers: Ferrexpo slips back
6th Jan 2010 11:44
Shares in iron ore producer Ferrexpo have been performing well lately but the shares are lower today. The share price of Gem Diamonds has also lost a bit of sparkle today. Engineering stocks are in demand, with Cookson Group and Atkins among the risers. FTSE 250 - Risers Interserve (IRV) 207.50p
Read moreFTSE 250 movers: North Sea deal lifts Premier Oil
5th Jan 2010 12:35
Premier Oil gushes higher after reaching an agreement that will lift its drilling activities. It has agreed with Serica Energy that it will farm in to a 50% equity interest and assume operatorship of Block 22/19c in the UK Central North Sea. Iron ore producer Ferrexpo, which posted strong gains ye
Read moreSector movers: Commodities boost industrial metals stocks
4th Jan 2010 11:43
Higher metals prices give industrial metals stocks a lift. International Ferro Metals and Ferrexpo are among the stocks posting good gains. With shares starting the year on a strong footing overall, defensive stocks such as the tobacco giants British American and Imperial are unwanted. Top perform
Read moreFTSE 250 movers: Shanks soars on Carlyle approach
7th Dec 2009 11:12
Shanks is by far and away the standout stock in the mid-cap index after the waste management firm said it had received a 135p a share takeover approach from a private equity group. The approach - thought to have been made by the US group Carlyle - would be worth £536, but Shanks is holding out for
Read moreLondon close: Rate rise fears fuel late slide
4th Dec 2009 17:17
Euphoria over the better than expected US jobless figures proved short-lived as week-end profit taking took hold and miners headed underground. Metal prices weakened in the afternoon session, taking mining stocks with them, as some pundits suggested that with the better than expected jobless figure
Read moreLondon afternoon: Stocks bounce into the blue after US jobs
4th Dec 2009 14:20
Share prices have surged higher as the keenly watched US monthly jobs figures showed a big drop in the number losing their jobs and an unexpected drop in the level of US unemployment. Miners are leading the rally with Rio Tinto the best performer. Other gainers include ENRC and oil explorer Cairn E
Read moreLondon midday: Stocks treading water
4th Dec 2009 12:17
Share prices are stabilising at lower levels as investors wait on the big US jobless announcement due at 1:30pm. Banks are on the back foot after a lukewarm note on the sector from JP Morgan. The US bank is particularly down on part-nationalised bank Royal Bank of Scotland, which it advises its cli
Read moreFerrexpo secures $230m financing
4th Dec 2009 07:50
Ukraine-focused Iron ore producer Ferrexpo has secured a new pre-export financing of $230m, the first successful financing to be concluded by a metals company with assets in the Commonwealth of Independent States since the global financial crisis began in September 2008, it said. Germany's Deutsche
Read moreLondon close: Late swoon by Footsie
30th Oct 2009 16:52
Mining stocks proved a major millstone around Footsie's neck today while end of the month position closing also contributed to a fall of almost 2% on the blue-chip index, a decline that was mirrored on Wall Street. The US market gave back most of yesterday's gains in the morning session after US co
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