
LONDON MARKET CLOSE: Stocks red despite US jobs data surprises
(Alliance News) - Stock prices in London closed mostly lower on Friday, amid a climate of "grim" UK consumer confidence.
Read more(Alliance News) - Stock prices in London closed mostly lower on Friday, amid a climate of "grim" UK consumer confidence.
Read more(Alliance News) - London's FTSE 100 made a slow start on Wednesday, with trade worries keeping positivity at bay again, while GSK was a standout performer in early trade.
Read moreFerrexpo PLC - Baar, Switzerland-headquartered iron ore pellets producer in Ukraine - Updates on proceedings against the group's subsidiary Ferrexpo Poltava Mining in Ukraine. FPM has now received information that a civil claim was filed seeking joint liability of FPM and its general director for damages amounting to around USD3.76 billion in favour of the Ukrainian state. Notes initial accusations on the illegal sale of waste products have transformed into accusations that FPM is illegally mining and selling subsoil, which is said to have caused damage to the environment. FPM rejects these allegations in their entirety on the basis that there was no illegal extraction of the subsoil. FPM mines and extracts iron ore according to its mining licence. The iron ore is then processed to produce iron ore pellets. As a result of these processes, any waste that is leftover is stockpiled in accordance with best mining practices and in compliance with environmental standards. Based on information received by the group and with advice from Ukrainian legal counsel, FPM is of the view that these accusations and claims are without merit and FPM intends to vigorously defend its position in the Ukrainian courts. The operations of the group remain unaffected.
Read more(Sharecast News) - Shares in London-listed miner Ferrexpo tanked on Tuesday after the company said a civil claim worth 157 billion Ukrainian hryvnia (£3bn) had been filed against its Ukrainian unit Ferrexpo Poltava Mining (FPM) in relation to alleged sale of waste products from the production of iron ore pellets.
Read more(Alliance News) - Ferrexpo PLC on Thursday said debt claims against its Ukrainian subsidiary have now closed, following the rejection of a court appeal.
Read more(Sharecast News) - Switzerland-based iron ore miner Ferrexpo has announced that legal proceedings against its Ukrainian subsidiary have finally been resolved after 10 months.
Read more(Alliance News) - Ferrexpo PLC on Thursday responded to allegations that its management was involved in illegal mining and waste product sales in Ukraine.
Read more(Sharecast News) - Ukraine-focussed iron ore producer Ferrexpo updated the market on allegations against four senior managers at its Ferrexpo Poltava Mining (FPM) subsidiary on Thursday, following the completion of an initial police probe.
Read more(Sharecast News) - London stocks maintained positive momentum through to the close on Thursday, driven by gains in the mining sector and the continued depreciation of the pound.
Read more(Alliance News) - Ferrexpo PLC on Thursday said production surged by 25% during the final quarter of 2024, bringing its annual production totals nearly 50% higher.
Read more(Sharecast News) - Ferrexpo reported a surge in annual production on Thursday, its best since Russia invaded Ukraine, despite the ongoing "challenging" conditions.
Read more(Alliance News) - Stock prices in London made a largely uninspiring start to Thursday, amid a mixed response to Christmas trading statements from high streets, while the pound's descent continued.
Read more(Alliance News) - Stock prices in London were mostly higher at midday on Monday, with investors mostly awaiting US inflation data in the afternoon.
Read more(Alliance News) - Stock prices in London closed lower on Monday, in a tepid final full trading day of the year, while equities in New York tumbled as a retreat from tech shares continued.
Read moreMake Better Investment Decisions
Register for FREE