FTSE Russell to delete Russian firms from indexes including Evraz March 14, 2022 London Stock Exchange subsidiary FTSE Russell has said it intends to delete several Russian firms from its indexes. Companies to be deleted include Evraz, the FTSE 100 steel giant, of which former Chelsea owner and billionaire oligarch Roman Abramovich owns a 29 per cent stake. Other firms include Polymetal, the FTSE 100 precious metals mining [...]
Evraz board quits after Abramovich hit with sanctions March 11, 2022 Russian steelmaking giant Evraz said 10 of its board members had quit today after the firm’s largest shareholder Roman Abramovich was slapped with sanctions, leaving only the chief executive remaining in post.
London’s top indexes give up gains as Moscow assault of Ukraine ramps up March 10, 2022 London’s top indexes gave up some of their gains yesterday as investors fretted over a ramping up in Moscow’s invasion of Ukraine. The capital’s premier FTSE 100 index dropped 1.27 per cent to 7,099.00 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.57 per [...]
Evraz shares suspended after Abramovich sanctions March 10, 2022 Shares in mining giant Evraz have dropped 11 per cent, after the government sanctioned major stakeholder Roman Abramovich.
Number 10 ‘open to sale’ of Chelsea – but Abramovich would see none of the cash March 10, 2022 The government is “open to the sale” of Chelsea Football Club, but no cash would go to newly sanctioned Russian oligarch Roman Abramovich. Boris Johnson’s spokesperson today said the Treasury would have to ultimately green light a potential sale of the club, but that “under no circumstances would any sale allow Roman Abramovich to profit [...]
London’s top indexes snap back sharply after bruising sessions March 9, 2022 London’s top indexes snapped back yesterday after booking heavy losses due to fears over the economic fallout of the Russia-Ukraine war sending investors fleeing. The capital’s premier FTSE 100 index soared 2.79 per cent to above 7,000 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Evraz denies Kremlin ties and downplays effect of sanctions March 9, 2022 Evraz has revealed it is "deeply concerned and saddened" by conflict in Ukraine, and hopes a peaceful resolution will be found.
London Stock Exchange steps in and cancels trades in rebounding Polymetal International March 8, 2022 Polymetal International's rally was cut short after the London Stock Exchange cancelled key morning trades.
Anti-corruption campaigner Bill Browder warns buying Russian stocks is akin to buying ‘German equities during Holocaust’ March 6, 2022 An anti-corruption campaigner has warned people considering buying de-valued Russian stocks that it is akin to buying “German equities during the Holocaust”. Bill Browder in a tweet told people today to avoid Russian equities and bonds and to “have some decency”. London-listed stocks that have exposure to Moscow have collapsed in value since Russian troops [...]
Russian miners ditched from FTSE 100 March 3, 2022 Polymetal and Evraz have been booted from the FTSE 100 after shares in both Russia-exposed miners suffered severe losses.