Ferrexpo hikes output despite record staff numbers joining Ukraine's armed forces
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Ferrexpo PLC, a Ukrainian iron ore producer, has increased its output despite a significant number of its staff joining Ukraine's armed forces. The company has lost 44 employees in the conflict, and 709 are currently serving. This announcement led to a 5% drop in its share price.
November 18, 2024 | 9:15 am
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Ferrexpo PLC's shares fell 5% after announcing increased output despite many staff joining Ukraine's armed forces. The company has lost 44 employees in the conflict, with 709 currently serving.
The announcement of increased output amid significant staff involvement in the armed forces and the loss of employees in the conflict likely raised concerns about operational stability and future production capabilities, leading to a 5% drop in share price.
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