Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFerrexpo Share News (FXPO)

Share Price Information for Ferrexpo (FXPO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 44.00
Bid: 44.00
Ask: 44.20
Change: -0.35 (-0.79%)
Spread: 0.20 (0.455%)
Open: 44.85
High: 45.00
Low: 44.00
Prev. Close: 44.35
FXPO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Ferrexpo cuts iron pellet production amid war in Ukraine

Mon, 13th Jun 2022 09:29

(Alliance News) - Ferrexpo PLC on Monday said it has reduced its output of iron ore pellets, amid difficulties in getting production out of war-torn Ukraine, but said it is in talks with additional port operators in central Europe for seaborne exports.

Ferrexpo shares were down 10% at 147.51 pence each on Monday morning in London.

The Baar, Switzerland-headquartered firm mines for iron in central Ukraine. It produced 4.4 million tonnes of iron ore pellets so far in 2022 as of the end of May, down 8% from the same point in 2021.

Ferrexpo said it will lower production for a period of time as the war in Ukraine blocks its export routes.

Ferrexpo has seen a 400,000 tonne increase in iron ore inventories across the months of March, April and May, which it will seek to reduce as logistics constraints ease.

"Russia's invasion of Ukraine in 2022 has resulted in periodic disruption to the railway network across the country, with the national rail operator having to consistently repair and re-open damaged sections of the railway network following Russian air strikes," Ferrexpo said.

Chief Executive Officer Jim North said: "In light of the news announced today, we are lowering our short-term production schedule for the summer months, and we will look to increase production once we have greater clarity on logistics going forward. The gradual reopening of our access to the seaborne market is a positive for the group and we will prioritise these efforts as we understand the importance of reconnecting with this segment of our customer portfolio."

Ferrexpo's barging operations accounted for 800,000 million tonnes of iron ore deliveries in 2021. However, due to a Russian missile strike in southwest Ukraine, it said it is no longer able to use its barging operations that serve European customers.

Ferrexpo said it is in advanced discussions with additional port operators in central Europe for seaborne exports, whilst Ukraine's Black Sea ports remain closed.

By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
29 Sep 2022 15:46

UK earnings, trading statements calendar - next 7 days

Friday 30 September 
abrdn Property Income Trust LtdHalf Year Results
Bluefield Solar Income Fund LtdFull Year Results
Cineworld Group PLCHalf Year Results
CMO Group PLCHalf Year Results
Dignity PLCHalf Year Results
DP Eurasia NVHalf Year Results
Falanx Group LtdFull Year Results
Glantus Holdings PLCHalf Year Results
HealthBeacon PLCHalf Year Results
ImmuPharma PLCHalf Year Results
Iofina PLCHalf Year Results
Oncimmune Holdings PLCHalf Year Results
Pennon Group PLCTrading Statement
Quarto Group IncHalf Year Results
Strip Tinning Holdings PLCHalf Year Results
Sylvania Platinum LtdQ1 Results
Trellus Health PLCHalf Year Results
Monday 3 October 
James Halstead PLCFull Year Results
Quadrise Fuels International PLCFull Year Results
Renewi PLCTrading Statement
SRT Marine Systems PLCHalf Year Results
Tortilla Mexican Grill PLCHalf Year Results
Tuesday 4 October 
Greggs PLCTrading Statement
Inspiration Healthcare Group PLCHalf Year Results
Wednesday 5 October 
Hyve Group PLCTrading Statement
Netcall PLCFull Year Results
Tesco PLCHalf Year Results
Vertu Motors PLCHalf Year Results
Thursday 6 October 
Avation PLCFull Year Results
Chemring Group PLCTrading Statement
CMC Markets PLCTrading Statement
Ferrexpo PLCQ3 Results
Imperial Brands PLCTrading Statement
N Brown Group PLCHalf Year Results
Volution Group PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
26 Sep 2022 10:06

LONDON BROKER RATINGS: Berenberg likes OSB; JPMorgan cuts BP

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

Read more
20 Sep 2022 09:45

Ferrexpo shares fall as it appeals negative court ruling in Ukraine

(Alliance News) - Ferrexpo PLC said on Tuesday it received a negative judgement from an appeal court in Ukraine regarding a claim made to invalidate a share purchase agreement from 2002.

Read more
20 Sep 2022 09:00

Ukraine appeal court finds against Ferrexpo

(Sharecast News) - Ukraine's appeal court has found against Ferrexpo in a long-running dispute over a 2002 deal, sending shares in the Swiss miner lower.

Read more
20 Sep 2022 07:51

LONDON BRIEFING: Haleon reports double-digit revenue growth

(Alliance News) - Stocks in London are set to open higher on Tuesday, as markets in London return to action following a bank holiday for the state funeral of Queen Elizabeth II.

Read more
12 Sep 2022 17:24

Banks, miners drive FTSE 100 to two-week highs

Sept 12 (Reuters) - UK stocks rallied into the close on Monday, with a surge in banking and mining stocks pushing the blue-chip FTSE 100 to over two-week highs even as data showed Britain's economy expanded less than expected in July.

The FTSE 100         and the domestically focussed midcap
index gained 1.7% each, aided by an upbeat global mood
on news that Ukrainian forces advanced into territory seized
from Russian troops, their worst defeat since the war's early
weeks.
European markets, most affected by the war spanning several months, surged. The region's stocks gauge closed up
1.8%.

Read more
12 Sep 2022 17:01

LONDON MARKET CLOSE: Stocks in the green; pound and euro stronger

(Alliance News) - Stocks in London closed in the green on Monday, with the FTSE 100 lifted by a strong performance from retailers like Tesco, Kingfisher, and Sainsbury.

Read more
12 Sep 2022 11:59

LONDON MARKET MIDDAY: Mood optimistic as eyes turn to US inflation

(Alliance News) - Stocks in London made headway on Monday morning as investors looked ahead to some key economic indicators, chiefly a US inflation reading due on Tuesday that is expected to show softening price pressures.

Read more
12 Sep 2022 08:44

LONDON MARKET OPEN: FTSE 100, pound make strides despite UK GDP miss

(Alliance News) - Stocks in London opened the new week on a bright note, unshaken by disappointing UK gross domestic product data.

Read more
7 Sep 2022 09:47

LONDON BROKER RATINGS: UBS raises Admiral; Morgan Stanley cuts Astra

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday afternoon:

Read more
4 Aug 2022 09:58

LONDON BROKER RATINGS: Goldman likes NatWest; Barclays cuts Just Eat

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

Read more
3 Aug 2022 09:59

Ferrexpo profit plunges as Russia blockade limits exports from Ukraine

(Alliance News) - Ferrexpo PLC on Wednesday reported a big drop in half-year profit as it continues to cope with Russia's invasion of Ukraine.

Read more
3 Aug 2022 09:28

Ferrexpo continues investments as Ukraine invasion hits earnings

(Sharecast News) - Ferrexpo reported a 31% decline in first-half revenues on Wednesday, to $936m, as a result of lower production and tighter market conditions.

Read more
3 Aug 2022 07:50

LONDON MARKET PRE-OPEN: Avast buy has UK backing; Hiscox falls to loss

(Alliance News) - Stock prices in London are seen opening in the red on Wednesday, with investors unnerved by tensions between the US and China, after a senior US politicians touched down in Taiwan.

Read more
27 Jul 2022 16:08

UK earnings, trading statements calendar - next 7 days

Thursday 28 July 
Airtel Africa PLCTrading Statement
Anglo American PLCHalf Year Results
Aveva Group PLCTrading Statement
BAE Systems PLCHalf Year Results
Barclays PLCHalf Year Results
Bodycote PLCHalf Year Results
BT Group PLCQ1 Results
Centrica PLCHalf Year Results
CVS Group PLCTrading Statement
De La Rue PLCTrading Statement
Diageo PLCFull Year Results
discoverIE Group PLCTrading Statement
Dr Martens PLCTrading Statement
Elementis PLCHalf Year Results
FDM Group PLCHalf Year Results
Forterra PLCHalf Year Results
Foxtons Group PLCHalf Year Results
GB Group PLCTrading Statement
Greencoat UK Wind PLCHalf Year Results
Hammerson PLCHalf Year Results
Headlam Group PLCTrading Statement
Inchcape PLCHalf Year Results
Indivior PLCHalf Year Results
Informa PLCHalf Year Results
ITV PLCHalf Year Results
Jupiter Fund Management PLCHalf Year Results
Logistics Development Group PLCTrading Statement
Metro Bank PLCHalf Year Results
Mitchells & Butlers PLCTrading Statement
Mortgage Advice Bureau (Holdings) PLCTrading Statement
Mothercare PLCFull Year Results
MySale Group PLC Trading Statement
National Express Group PLCHalf Year Results
Quixant PLCTrading Statement
Rathbones Group PLCHalf Year Results
Relx PLCHalf Year Results
Rentokil Initial PLCHalf Year Results
Restore PLCHalf Year Results
Robert Walters PLCHalf Year Results
Schroders PLCHalf Year Results
Segro PLCHalf Year Results
Shell PLCHalf Year Results
Smith & Nephew PLCHalf Year Results
St James's Place PLCHalf Year Results
Vesuvius PLCHalf Year Results
Volex PLCHalf Year Results
Weir Group PLCHalf Year Results
Friday 29 July 
Allianz Technology Trust PLCHalf Year Results
Aston Martin Lagonda Global Holdings PLCHalf Year Results
AstraZeneca PLCHalf Year Results
Babcock International Group PLCFull Year Results
CMC Markets PLCTrading Statement
Croda International PLCHalf Year Results
Glencore PLCTrading Statement
IMI PLCHalf Year Results
Impellam Group PLCHalf Year Results
Industrials REIT LtdTrading Statement
International Consolidated Airlines Group SAHalf Year Results
Intertek Group PLCHalf Year Results
Law Debenture Corp PLCHalf Year Results
Morgan Advanced Materials PLCHalf Year Results
NatWest Group PLCHalf Year Results
Premier Miton Global Renewables Trust PLCHalf Year Results
Rightmove PLCHalf Year Results
Shearwater Group PLCFull Year Results
Standard Chartered PLCHalf Year Results
Walker Crips Group PLCFull Year Results
YouGov PLCTrading Statement
Monday 1 August 
Ascential PLCHalf Year Results
Cranswick PLCQ1 Results
Dialight PLCHalf Year Results
GlobalData PLCHalf Year Results
HSBC Holdings PLCHalf Year Results
Hutchmed (China) LtdHalf Year Results
NAHL Group PLCTrading Statement
Pearson PLCHalf Year Results
Senior PLCHalf Year Results
Spectris PLCHalf Year Results
XP Power PLCHalf Year Results
Tuesday 2 August 
BP PLCHalf Year Results
Capital & Counties Properties PLCHalf Year Results
Coats Group PLCHalf Year Results
Devro PLCHalf Year Results
Direct Line Insurance Group PLCHalf Year Results
Domino's Pizza Group PLCHalf Year Results
Fresnillo PLCHalf Year Results
Greggs PLCHalf Year Results
Keller Group PLCHalf Year Results
Man Group PLCHalf Year Results
Rotork PLCHalf Year Results
Sage Group PLCQ3 Results
Staffline Group PLCHalf Year Results
Synthomer PLCHalf Year Results
Travis Perkins PLCHalf Year Results
Virgin Money UK PLCQ3 Results
Wednesday 3 August 
Endeavour Mining PLCHalf Year Results
Ferrexpo PLCHalf Year Results
Hill & Smith Holdings PLCHalf Year Results
Hiscox LtdHalf Year Results
IP Group PLCHalf year Results
LSL Property Services PLCHalf Year Results
Taylor Wimpey PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account