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Share Price: 44.00
Bid: 44.00
Ask: 44.20
Change: -0.35 (-0.79%)
Spread: 0.20 (0.455%)
Open: 44.85
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Low: 44.00
Prev. Close: 44.35
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Ferrexpo Q2 production falls 27% due to Ukraine conflict

Thu, 07th Jul 2022 10:14

(Sharecast News) - Ferrexpo reported a drop in second-quarter production on Thursday as it continues to be impacted by the conflict in Ukraine.

Total iron ore pellet production fell 27% on the year to 2.1m tonnes as a result of the ongoing conflict in Ukraine and associated logistics constraints. Meanwhile, first-half sales fell 21% on the year to 4.4m tonnes, with Ferrexpo also pinning the blame for that on the Ukraine conflict.

The company said it is in advanced discussions with a number of logistics providers to resume access to seaborne markets via neighbouring countries.

Chief executive officer Jim North said: "We continue to operate and adapt our business in Ukraine as new risks emerge. We also continue to be impressed by the remarkable resilience of the people of Ukraine, despite the continual bombardment over the last four months.

"Our production result in the second quarter of 2022 reflects the determination of our people, our suppliers and our customers, and I would like to thank everyone involved for their continued efforts. In terms of logistics availability, which remains the largest constraint on our business at the present time, we are advancing efforts to increase seaborne exports and have made initial deliveries to customers."

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29 Jan 2024 07:03

Ukraine court upholds claim against Ferrexpo

(Sharecast News) - Iron ore pellet producer Ferrexpo said a Ukraine's court of appeal has confirmed a claim against it for around $125m as part of the long-running court case against its largest shareholder.

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18 Jan 2024 17:16

UK equities rise on upbeat earnings, Watches of Switzerland slumps

Travel and leisure stocks hit near one-month high

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18 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks recover poise after Wednesday sell-off

(Alliance News) - Stock prices in London closed higher on Thursday, recovering some lost ground after markets across the globe took a big hit on Wednesday on interest rate worries.

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18 Jan 2024 15:14

London close: Stocks manage gains after deluge of updates

(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.

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18 Jan 2024 14:02

Ferrexpo declares interim dividend

(Sharecast News) - Ferrexpo rallied on Thursday as it declared an interim dividend of 3.3 US cents a share after exceeding its expectations in 2023.

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18 Jan 2024 11:47

LONDON MARKET MIDDAY: FTSE 100 subdued after Wednesday's slump

(Alliance News) - Stock prices in London stabilised at midday Thursday, following a slump on Wednesday and a busy morning of corporate updates.

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18 Jan 2024 09:43

Ferrexpo reinstates dividends as beats own expectations in 2023

(Alliance News) - Ferrexpo PLC on Thursday said it reinstated dividends as it performed well in 2023 amid higher demand.

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12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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11 Jan 2024 16:53

LONDON MARKET CLOSE: Stocks lower on hotter-than-expected US inflation

(Alliance News) - Stock prices in London closed lower on Thursday, after US rate cut expectations suffered a setback following some hotter-than-expected inflation data.

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11 Jan 2024 10:10

Ferrexpo holds fast in Ukraine as quarterly production falls

(Alliance News) - Ferrexpo PLC on Thursday said it continues to make, transport and sell its products despite the ongoing war in Ukraine, but that production dropped in its latest quarter and year.

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11 Jan 2024 08:32

Ferrexpo FY production dragged down by war in Ukraine

(Sharecast News) - Commodity trading and mining company Ferrexpo revealed on Thursday that full-year iron ore production had been dragged down by Russia's war in Ukraine.

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4 Jan 2024 14:01

UK earnings, trading statements calendar - next 7 days

Friday 5 January 
no events scheduled 
Monday 8 January 
no events scheduled 
Tuesday 9 January 
B&M European Value Retail SATrading Statement
Games Workshop Group PLCHalf Year Results
Wednesday 10 January 
Glenveagh Properties PLCTrading Statement
Greggs PLCTrading Statement
Gym Group PLCTrading Statement
Hunting PLCTrading Statement
J Sainsbury PLCTrading Statement
Nichols PLCTrading Statement
Persimmon PLCTrading Statement
Thursday 11 January 
Atrato Onsite Energy PLCFull Year Results
Ferrexpo PLCFull Year Results
Hilton Food Group PLCFull Year Results
Knights Group Holdings PLCHalf Year Results
Marks & Spencer Group PLCTrading Statement
MJ Gleeson PLCTrading Statement
Reach PLCTrading Statement
Robert Walters PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Tesco PLCTrading Statement
Whitbread PLCTrading Statement
XP Power LtdTrading Statement
  
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23 Oct 2023 09:51

IN BRIEF: Ferrexpo adds ex-De Beers, Firestone Diamonds CEO to board

Ferrexpo PLC - iron ore pellet producer in Ukraine - Hires Stuart Brown as an independent non-executive director, starting immediately. Brown was chief executive officer and chief financial officer of De Beers, the diamond arm of Anglo American PLC. Most recently, Brown was CEO of Toronto-listed Mountain Province Diamonds Inc and of former AIM-listing Firestone Diamonds PLC.

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5 Oct 2023 08:51

Ferrexpo iron-ore production grows even as Ukraine war continues

(Alliance News) - Ferrexpo PLC on Thursday said iron ore production has "exceeded expectations" despite the ongoing war in Ukraine.

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5 Oct 2023 08:00

Ferrexpo sees Q3 pellet production jump 17%

(Sharecast News) - Ukraine-focused iron ore miner Ferrexpo reported a big jump in output during its third quarter despite ongoing challenging conditions in the war-torn country.

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