TALV.L Share News (TALV)

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Sector movers: Talvivaara weighs on industrial metals sector

Fri, 09th Nov 2012 14:27

Cyclical stocks such as those in the mining and banking sectors were under the weather on Friday afternoon as sentiment on global stock markets continues to be hampered by concerns about Greece's finances.Talvivaara, the FTSE 250 nickel miner, was suffering heavy falls today, pushing the industrial metals and mining sector to the bottom of the pile. Sentiment was dampened today, just one day after disappointing with its third-quarter results, on rumours that it had failed to plug a waste water leak at one of its sites in Finland.The leakage, first reported on Monday, relates to the gypsum pond in eastern Finland. In a statement on Wednesday, the company said that it had located the leak and the flow was successfully stemmed, saying that metals production should start back up by this coming weekend.However, according to Reuters today, high levels of uranium have been found near the mine and leakage problems have resumed.The company yesterday reported third-quarter net sales of €44.8m compared to €60.6m in the same period in 2011.Shares were down a whopping 14.27% at 104.25p this afternoon.Elsewhere in the sector, Evraz, London Mining and Ferrexpo were also suffering steep losses.The banks were also out of favour today on concerns over the Eurozone. Barclays, RBS and Lloyds were among the worst performers on the FTSE 100.Meanwhile, HSBC was being weighed down by reports that it is under investigation over the alleged loss of data and that criminals have used accounts at its operation in the tax haven of Jersey to evade tax and launder money.The bank said: "We are investigating the reports of an alleged loss of certain client data in Jersey as a matter of urgency. "We have not been notified of any investigation in relation to this matter by HMRC or any other authority but, should we receive notification, we will cooperate fully with the authorities." Top performing sectors so far todayHealth Care Equipment & Services 3,665.36 +0.73%Tobacco 36,510.72 +0.70%Chemicals 8,462.58 +0.68%Personal Goods 19,284.46 +0.57%Beverages 12,815.76 +0.44%Bottom performing sectors so far todayIndustrial Metals & Mining 2,479.60 -4.17%Banks 4,063.85 -1.65%Life Insurance 4,761.69 -1.50%Forestry & Paper 7,044.47 -1.36%Electricity 8,753.76 -1.13%BC

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4 Jul 2014 15:48

Sector movers: Evraz lifts industrial metals higher

A surge in the share price of steel group Evraz helped the industrial metal and mining sector to the top of the pile on an otherwise quiet trading session in London. While markets were subdued on the whole, with analysts citing low volumes due to a public holiday in the States, Evraz shares were 5.

13 Jun 2014 14:54

Talvivaara To Delist In London, Remain On Helsinki Exchange

LONDON (Alliance News) - Talvivaara Mining Company PLC Friday said it plans to cease trading on the Main Market of the London Stock Exchange as it seeks to reduce the costs associated with the listing. Talviaara said there is no significant benefit in maintaining its London listing, given t

28 May 2014 07:13

Talvivaara Mining Pretax Loss Narrows

LONDON (Alliance News) - Talvivaara Mining Company PLC Wednesday reported that its first-quarter loss before income tax narrowed to 17.12 million euros from 31.73 million euros in the prior year quarter. Loss attributable to owners of the parent narrowed to 14.57 million euros from 21.01 m

21 May 2014 13:04

Talvivaara Mining Granted Deadline Extension For Reorganisation

LONDON (Alliance News) - Talvivaara Mining PLC Wednesday said it has been granted a deadline extension for submitting its proposals for its reorganisation programme. In a statement, the base metal producer with operations in Finland said it has been granted a deadline extension by the Dist

14 May 2014 08:09

UPDATE 1-Talvivaara plans to delist from London bourse

(Adds comment, background) HELSINKI, May 14 (Reuters) - Troubled Finnish nickel miner Talvivaara plans to delist its shares from the London Stock Exchange, leaving its only listing in Helsinki, in a bid to cut costs. Hurt by falling nickel prices and repeated production disruptions,

14 May 2014 06:10

Talvivaara plans to delist from London bourse

HELSINKI, May 14 (Reuters) - Troubled Finnish nickel miner Talvivaara plans to delist its shares from the London Stock Exchange, leaving its only listing in Helsinki, in a bid to cut costs. The firm said the London delisting, if approved at its shareholder meeting next month, would take ef

29 Apr 2014 05:17