June 7, 2019 / 7:41 AM / 20 days ago

BUZZ-Ferrexpo: Jumps 8% to top of mid-cap index on upbeat H1 outlook

(Adds details)

** Iron ore miner Ferrexpo’s shares rise 8% to top of FTSE 250

** Co sees material increase in H1 core earnings

** Says cost inflation lower than expected, partly due to a fall in Brent crude prices

** Adds net debt expected to reduce further this year

** Co names Ernst and Young veteran Graeme Dacomb as member of an independent committee reviewing potential misuse of funds donated to a charity in Ukraine

** Says review is ongoing, no conclusive evidence of any wrongdoing has been found

** Shares have more than recovered from the 28% plunge on April 26 when Deloitte quit as auditor, now up 32% YTD (Reporting by Sangameswaran S and Yadarisa Shabong in Bengaluru)

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