Polymetal shelves dividend as Ukraine sanctions bite
(Sharecast News) - Polymetal International has shelved payment of its final dividend because of uncertainty over its financial position caused by sanctions linked to the war in Ukraine.
Read more(Sharecast News) - Polymetal International has shelved payment of its final dividend because of uncertainty over its financial position caused by sanctions linked to the war in Ukraine.
Read more(Alliance News) - Accounting giant Deloitte has resigned as the auditor of mining giant Polymetal International PLC due to the firm's ties to Russia.
Read more(Sharecast News) - Anglo-Russian precious metals miner Polymetal said on Friday that Deloitte has resigned as its auditor because of its links with Russia.
Read more(Sharecast News) - Berenberg downgraded Polymetal on Wednesday to 'hold' from 'buy', citing heightened uncertainty around the Russian assets and saying it has changed its valuation to be based on the NAV of the Kazakh assets alone.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
Read more(Alliance News) - Blue-chip equities in Europe traded lower midday Wednesday, with markets made uneasy by recent developments in US bond markets and amid doubts about Russia's announcement of a de-escalation of its assault on Ukraine.
Read more(Alliance News) - Polymetal International PLC said on Wednesday its operations in Russia and Kazakhstan continued undisputed despite of the impact of sanctions against Russia on its business.
Read more(Alliance News) - John Menzies on Wednesday said it has accepted an offer from GIL International Holdings V, a subsidiary of Kuwait's Agility Public Warehousing Co.
Read more(Sharecast News) - Gold miner Polymetal maintained annual production guidance and said operations in Russia and Kazakhstan continue undisrupted amid sanctions on Moscow for its war with Ukraine.
Read morePolymetal International PLC - Jersey-registered precious metals miner in Russia and Khazakhstan - Currently evaluating corporate structure in face of Western sanctions against Russia following its invasion of Ukraine.
Read more(Sharecast News) - Polymetal International said it was considering changes to its corporate structure including "distinct ownership in various jurisdictions" where the company operates.
Read morePolymetal International PLC - Jersey-registered precious metals miner in Russia and Khazakhstan - Hires Riccardo Orcel as independent non-executive chair, starting immediately. Orcel was managing director & vice chair and head of Global Banking at VTB Capital, a Russian investment bank. Prior to VTB, Orcel worked at Bank of America Merrill Lynch. Orcel's hire follows the resignation of six directors, including chair Ian Cockerill, following the imposition of Western sanctions against Russia. Polymetal previously had replaced four of the non-executive directors. Its board now consists of eight members, including six who are independent. Polymetal, a former FTSE 100 constituent, was removed from all FTSE Russell indices on Monday, due to insufficient trading liquidity.
Read more(Sharecast News) - Anglo-Russian precious metals miner Polymetal has appointed Riccardo Orcel, former head of global banking at VTC Capital, as its new chair.
Read more(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:
Read more(Alliance News) - Stock prices in London turned lower at midday on Friday, with major power conflict top of mind ahead of the first call between the leaders of the US and China since Moscow's invasion of Ukraine.
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