London Stock Exchange
The London Stock Exchange (LSE) is one of the largest stock exchanges in Europe, located in the City of London. Founded in 1801, it is a leading marketplace for trading shares, bonds and other financial instruments. It forms part of the London Stock Exchange Group (LSEG), which also operates FTSE Russell and other financial infrastructure businesses.
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Ferrexpo raises $100m in share placement led by Kernel's Verevsky
Swiss-registered iron ore group Ferrexpo placed 448,848,484 new shares at 16.5 pence each on 4 September, raising roughly $100 million. Kernel owner Andriy Verevsky contributed $50 million for a 21.4% stake, while existing largest shareholder Fevamotinico subscribed for additional shares. The funds are intended to restart Poltava and Yeristivsky mining and processing plants, which suspended production on 5 August due to security risks and port blockages.