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The FTSE 100 closed up 0.8 per cent for the week on after climbing to 7,051.41 today on the back of strong performances from consumer goods companies Reckitt Benckiser and Unilever. Unilever’s shares were up 3.11 per cent, reversing yesterday’s losses which followed it delivering a solid, but slightly underwhelming set of third quarter results. [...]
Chelsea football club owner Roman Abramovich has been forced to deny an explosive allegation that he was known for “suspicion of money laundering and presumed contacts with criminal organisations”. The billionaire Russian, who was unable to obtain a UK visa, lost a seven-month battle against a Swiss newspaper publisher to stop the allegations, reportedly made [...]
Russian steel-making and mining company Evraz announced yesterday that it is aiming to refinance a portion of its debt with an offering of 7.5 per cent of secured notes worth $350m (£219m) through its Canadian subsidiary EICA. According to Evraz, which is headquartered in London, the notes will be guaranteed by Evraz North America and one [...]
Russian steelmaker Evraz yesterday said it had signed a $425m (£255m) loan from international banks, showing that western institutions were still comfortable doing business there despite increasing tensions over Ukraine. FTSE 250-listed Evraz, which counts oligarch and Chelsea Football Club owner Roman Abramovich as its largest shareholder, said it had secured the five-year loan with [...]
RUSSIAN steel-maker Evraz saw its share price soar over seven per cent in early trading yesterday, after a surprise promise of a dividend and cost cuts offset wider losses in its full-year results. The FTSE 250-quoted company reported losses of $572m (£342m), a 34.6 per cent increase from 2012, while revenue fell 2.1 per cent [...]
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