In Brief: KGHM, TPSA shares; LNM plans for PHS; Mail Boxes ETC

A decline in share prices of copper miner KGHM and TPSA have caused a drop in indexes during yesterday's session on the Warsaw Stock Exchange (WSE). Brokers claim that the negative sentiment will continue over today's and tomorrow's session since the market is still uncertain about TPSA's share prices. (www.onet.pl) ... LNM has voiced doubts about its investment plans for Polish Steel mills (PHS). According to PHS unionists, the concern is not certain whether it will go ahead with the modernization of the sheet steel mill. Today the investor is meeting PHS unionists and Austrian Voest Alpine responsible for the modernization, to discuss the issue. (Puls Biznesu, p. 6) ... Yesterday US-network Mail Boxes ETC (MBE) launched its first branch in Poland, in Katowice. MBE annual revenues amount to $1.5 billion. (Rzeczpospolita, p. B5) A.Z.