FTSE is going to toughen requirements amidst Russian companies willing to list.

By bne IntelliNews November 3, 2011
Reuters cites the representative of the FTSE index group Chris Woods as saying that a toughening of the premium listing requirements is being considered, amidst intensified number of Russian companies trying to get a premium listing in UK. He specifically noted resource-sector companies with "low shares turnover and shady standards of corporate governance". As reported, Russia'n companies announcing their intention to get a premium listing on LSE and thus being included in FTSE 100 are Evraz Group controlled by tycoon Roman Abramovich, Polyus Metal of Mikhail Prokhorov, Polimetall, and most recently Uralkali of Suleiman Kerimov.

Related Articles

Russias participation in Cyprus bail-out under question.

As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more

Fitch: Russian banks risks in Cyprus limited.

Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more

Sources: Russia could triple oil exports to China.

Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss