Volatile Markets - $3bn Loss on Commodities

 Trafigura is said to be in talks with Blackstone for an up to $3-billion funding deal, after the trading group faced multibillion-dollar margin calls last week, according to Bloomberg. 

https://oilprice.com/Energy/Energy-General/The-Market-Is-Untradable-Oil-Traders-Grapple-With-Extreme-Volatility.html

Big Trader loss, exits bank

 

Morgan Stanley Trader Exits After Racking Up Millions in Losses

• Hamza El Hassani left bank after dividend trades went awry
• Russia’s invasion of Ukraine has rocked financial markets

A Morgan Stanley trader is leaving the firm after racking up tens of millions of dollars in losses as a bout of market turmoil makes and breaks trading books across Wall Street.

https://www.bloomberg.com/news/articles/2022-03-11/trading-losses-at-morgan-stanley-said-to-prompt-a-sudden-exit

Nickel Short Squeeze. $8 billion losses

 https://www.wsj.com/articles/chinese-nickel-giant-tsingshan-faces-8-billion-trading-loss-as-ukraine-war-upends-market-11646765353

Chinese Nickel Giant Tsingshan Faces $8 Billion Trading Loss as Ukraine War Upends Market

EVR - suspended. Not suspended in the first round of stocks affected by sanctions.

 

stewar0610 Mar '22 - 10:59 - 2859 of 2948  (From ADVFN)

Just tried to sell.

Message came back as "this stock has been suspended"

Racctastic (From Lse)

Posts: 19

Price: 82.52

RE: whyFri 14:37

My own, non expert understanding of this is that we're seeing some populist kneejerk politics driven by xenophobic hate. Right now Russia is the big bad, and by extension the government will go after anything that looks or smells Russian, to please what they perceive to be the majority of the population. The fact that Evraz makes steel and Chelsea play football no longer matters. I think the board saw this and saw that getting some Russian sounding names out of the way would look good, so that's what they've done. They can't do anything about RA but if they put in a bunch of new people, preferably with very British sounding names, and wearing Ukraine flag pin badges for good measure, it will take the eye of Sauron off Evraz, which is good for us all. I think we're seeing politics here, not business, and it annoys me, but that's my observation so far.

More Russian stocks suspended in London

 

https://www.cnbc.com/2022/03/03/russian-billionaires-lose-over-80-billion-in-wealth.html

Russian billionaires lose $80 billion in wealth

Russia’s top billionaires have lost more than $80 billion in wealth in recent weeks, with more to come as sanctions and seizures start to bite.

The economic turmoil surrounding President Vladimir Putin’s invasion of Ukraine has erased about a third of the wealth of Russia’s 20 richest billionaires in recent weeks, according to the Bloomberg Billionaires Index.

https://www.theguardian.com/business/2022/mar/03/london-stock-exchange-suspends-trading-in-27-firms-with-strong-links-to-russia

London Stock Exchange suspends trading in 27 firms with strong links to Russia

Russian firms suspended from the LSE

EN+
Novolipetsk Steel
Gazprom
Gazprom Neft
Lukoil
Norilsk Nickel
Taftneft
Polyus
Severstal
Rosneft
Sberbank
VK
Ros Agro
Surgutneftegas
TCS Group
Rosseti
PhosAgro
RusHydro
Magnitogorsk Iron and Steel Works
Novatek
Fix Price Group
Global Ports Investment
Globaltrans Investment
HMS Hydraulic Machines & Systems Group
Lenta International
Medical Group
X5 Retail
VTB

Russian, Ukrainin Stocks Listed In London

Evraz, Polymetal International, Jp Morgan Russian Securities, Petropavlovsk, Eurasia Mining, Ferrexpo, Enwell, 

 

McColls

 

loganair26 Feb '22 - 20:46 - 3612 of 3648

Just think, in October 2017, McColl's then chairman sold his circa 10% stake at all time high share price of 295p. I wonder if he knew back then that going forward McColl's were going to be in trouble?