Ferrexpo falls as CEO faces investigation

The price of shares in FTSE 250 miner Ferrexpo (LON:FXPO) has fallen by 3.32% to 142.80p (as of 13:15 BST) as it noted recent news regarding its CEO and majority shareholder Kostyantin Zhevago. Mr Zhevago has been named as a suspect in absentia by the Ukranian authorities who are investigating money laundering and embezzlement at a business that he previously owned.

The board said that Mr Zhevago has not been served with any formal notice and denies all wrongdoing.