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Ferrexpo Shares News & Articles

FTSE ends higher as miners rise, WH Smith ahead on cost cutting, bid buoys Hastings

UK stocks closed in positive territory on Wednesday, buoyed by strength in miners as the gold price continued to surge and with oil stocks in demand as crude prices broke higher following another significant drawdown in US weekly stockpiles. The benchmark FTSE 100 index closed up 68.72 points, or 1.14%, at 6,104.72. Motor insurer Hastings (HSTG) jumped 17.7% to 253p after it agreed to a bid ...

FTSE firms on virus slowdown hopes, embattled Cineworld rallies, Homeserve sees strong growth

London’s FTSE 100 made substantial gains in early trading on Tuesday, bid up 165.73 points or 2.97% to 5,748.12 amid continued hopes that the spread of coronavirus may be levelling out in major hotspots in Europe and the US. Embattled Cineworld (CINE) rallied 17.3% to 46.45p after the cinema operator suspended dividends in a bid to strengthen liquidity, having shuttered all its cinemas ...

Investors relieved as Ferrexpo bosses cleared in Blooming Land charity controversy

Investors have breathed a sigh of relief after the charity saga which has engulfed iron ore miner Ferrexpo (FXPO) cleared its directors of any wrongdoing. An independent review into whether donations made by Ferrexpo to Ukrainian charity Blooming Land had been misappropriated found that funds may well have been misued, but absolved all Ferrexpo directors and staff of any blame. The firm’s ...

Market report: Grafton shares boosted by higher revenue, ShoeZone profit warning sees CEO resign

Markets continued to claw back some of the month’s losses following signs yesterday from China and the US that they would resume trade talks. The FTSE 100 was trading up 0.4% at 7,212 while the FTSE 250 advanced by a similar amount to 19,370. Selco-owner Grafton (GFTU) reported an uptick in half-yearly profits on improved margins strength in its merchanting and retailing businesses in ...

Market report: Iron ore miner Ferrexpo launches defence in otherwise quiet start for UK stock market

UK markets open for trade on Monday on the front foot although there is precious little corporate news to steer investors one way or the other. At 9am the benchmark FTSE 100 index is quietly in positive territory, adding around 7 points to 7,434.84, with investors seemingly drawn to seek out bargains following a weaker end to last week. The FTSE 250 mid cap index is also on the rise, up close ...
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