Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
The Financial Times has claimed that three senior executives have resigned and a fourth has taken leave of absence at FTSE 100-listed miner Eurasian National Resources Corp (ENRC).
The newspaper reported that Victoria Penrice, company secretary, Tony McCarthy, human resources boss, and Stuart Nolan, group head of reward, had left. It said that Victor Hannah, head of Africa, had taken a voluntary leave of absence.
On Friday April 19th, the board of ENRC issued a public statement on its website in response to an announcement by major shareholder Alexander Machkevitch that he is looking to take over the company.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The announcement stated: "The board of ENRC notes the announcement earlier today from Mr Alexander Machkevitch that he is in the preliminary stages of forming a consortium to assess a potential offer for the company. The board confirms that it has not received any proposal which could result in an offer or possible offer for the group."
No one at ENRC was available to speak to Digital Look about the report at the time of publication.
ENRC's share price was down 4.78% to 277.10p at 10:23 on Monday, pulling back after having surged by over a quarter on Friday.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
More than 200,000 landlords and sole traders ‘face up to 10%’ cost hike as Making Tax Digital loomsAround 212,500 UK businesses face potentially ‘tens of millions’ in extra accountancy costs under the government’s incoming Making Tax Digital initiative, experts have warned
-
Inheritance tax investigations chase 14,000 bereaved families for underpaymentHMRC investigated a third more families over inheritance tax bills in the three years to April 2025 following a government crackdown on underpayments.
