Steelmaker Evraz shines after its first-half numbers beat forecasts August 29, 2013 RUSSIAN steelmaker Evraz’s share price rose over seven per cent yesterday morning, after posting half-year earnings that beat analysts’ forecasts. Earnings fell 20.7 per cent to $939m (£606m), but this was 12 per cent above expectations, Denis Gabrielik, analyst at Otkritie Investment Bank, told City A.M. The FTSE 250 firm – which is part-owned by [...]
London Week Ahead: Mark versus market in first public speech August 26, 2013 BANK of England governor Mark Carney’s keynote lunch speech to business leaders in Nottingham tomorrow has already been dubbed “Mark versus Market” – with market watchers dubious about Carney’s claims for long-term low interest rates. Rob Wood, economist at Berenberg Bank, said: “Growing momentum in the economy, rapidly rising house prices, and wide disagreements on [...]
Evraz stops production at Italian mill as steel plate market weakens July 30, 2013 Miner Evraz has announced that it is to stop operations at the Palini e Bertoli plate mill in Italy on 20 August (release). Evraz says that the suspension is expected to last until at least the end of October. EVRAZ Palini e Bertoli remains committed to duly perform under all existing arrangements and will execute all [...]
Russian and Kazakh firms set for relegation from FTSE 100 | City A.M. June 10, 2013 ALL THE Russian and Kazakhstan-based firms listed on the London Stock Exchange are expected to leave the top FTSE 100 index in the coming months in a stunning reversal from the tide of eastern giants entering the blue chip London market in recent years. Mining firms Polymetal and Evraz are widely expected to fall out [...]
Italian deadlock weighs on FTSE February 26, 2013 The leading share index sank this morning as Italy voted for a hung parliament, which spooked stock markets. Italy faced political deadlock after a protest vote left no party or no likely coalition with enough seats to form a majority. In early trading, the FTSE 100 was down almost 1.3 per cent, with financial shares [...]
Mining and banking shares boost FTSE February 11, 2013 The leading share index was modestly up in early deals, as mining and banking shares boosted the FTSE 100. Russian steelmaker Evraz rose 1.77 per cent. Miner Eurasian Natural Resources was up almost 1.7 per cent in early deals. Last week the Kazakh-focused miner soared more than nine per cent as it reported a jump [...]
FTSE hits new 56-month high on miner rally January 29, 2013 THE FTSE 100 climbed to a new four and a half year high yesterday, driven up by a rally in mining stocks. The index closed up 44.78 – 0.7 per cent – at 6,339.19, its best close since May 2008, with 13 of these close-to-45-points coming from gains among miners. The biggest rises came from [...]
FTSE 100 smashes through 6,300 level January 29, 2013 The FTSE 100 nudged back over the 6,300 level this morning – which it smashed through for the first time in almost five years yesterday – as it edged up around 0.15 per cent. Steelmaker Evraz was the biggest blue chip gainer this morning, adding 2.38 per cent. Global miner Anglo American rose two per [...]
FTSE 100 steadies near highest level since 2008 January 28, 2013 The blue chip index was steady this morning, flatlining near its highest level in four and a half years at the start of a busy week for FTSE 100 earnings news. Buoyant copper prices pushed up Eurasian Natural Resources and Chilean miner Antofagasta, up 1.27 per cent and 0.8 per cent respectively. Russian precious metals [...]
FTSE 100 flat after hitting multi-year highs January 25, 2013 The leading share index was flat in this morning’s trading, after the FTSE 100 hit its highest level in almost five years yesterday, giving London its best start to the trading year since 1989. The blue chip index surged past the 6,200 level, closing up just over one per cent at 6,264.91 last night. But [...]