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LSE Market News

Alecto Minerals unveil Q1-2 results

29 Sep 2014 @ 21:10
Interim Results for the six months ended 30 June 2014 Alecto Minerals plc (LSE:ALO), the AIM quoted mineral exploration company focused on West and East Africa, has announced its unaudited interim results for the six months ended 30 June 2014. Highlights: · Delivered on key objectives to build value across the Company’s African gold and base metal portfolio · 131% increase in independent...

Balfour Beatty Drops 15% - Chairman Resigns

29 Sep 2014 @ 19:41
The share price of Balfour Beatty plc (LSE:BBY) has lost 34.40 pence today, a decline of 15.3% from 224.90 to 190.50 following the third trading update this year and the fifth in the last two years that contained profit warnings. To be more precise, the report said that, “Internal reviews conducted in recent days have forecast a further profit shortfall due to additional losses and...

Virgin Money IPO Set to Go?

28 Sep 2014 @ 23:55
The chatter has come to a fever pitch as it appears that Sir Richard Branson will be taking Virgin Money public on the London Stock Exchange in the very near future. An official announcement is expected this week. Don’t expect this IPO to be as anywhere near the size of the recent Alibaba (NYSE:BABA) offering. On the other hand, it will be an interesting proposition to watch what...

Africa Oilfield to acquire Ardan Logistics Kenya?

26 Sep 2014 @ 21:12
Posting of Admission Document and board changes Africa Oilfield Logistics (LSE:AOL), the AIM listed African focussed support services and logistics company, has announced that the Board has decided to exercise the call option granted to it pursuant to the framework and option agreement announced on 28 March 2014, to acquire the entire issued share capital of Ardan Logistics Kenya Limited...

FinnAust talk polymetallic discovery at Hammaslahti project

26 Sep 2014 @ 21:08
Polymetallic Discovery at Hammaslahti Project continues to grow – mineralisation now intercepted over 500m along north to south strike and all holes in first cross-section hit mineralisation FinnAust Mining has announced the discovery of additional high grade copper, zinc, lead, silver and gold mineralisation, which has extended the previously identified high grade polymetallic...

BP and Azerbaijan - time to reflect on 20 years of the Southern Gas Corridor?

25 Sep 2014 @ 00:40
Time to look back. The Azerbaijan International Operating Company (AIOC) operated by BP, has celebrated the 20th anniversary of the Azeri-Chirag-Gunashli (ACG) production sharing agreement, signed on 20 September 1994 between Azerbaijan and eleven international companies – but, on reflection, how does it add up? From the start, activity level on ACG has remained high. The Early Oil...

Mytrah Energy issue interim results

25 Sep 2014 @ 00:35
Interim results for the six months ended 30 June 2014 Financial Highlights for the period include: · Revenue of USD 29.4 million, an increase of 7.4% over the comparative period (1H 2013: USD 27.4 million) · Earnings before interest, taxes, depreciation and amortisation for the period amounted to USD 28.01 million, an increase of 11.6% over the comparative period (1H 2013: USD 25.12 million) ·...

MX Oil incorporates JV company

25 Sep 2014 @ 00:29
Incorporation of JV Company and Award of Permit to Participate in Upcoming Mexican Licensing Rounds MX Oil, the AIM quoted oil and gas investment Company focused on the re-opening Mexican energy sector, has announced the incorporation of its Mexican joint venture company with established local oil services provider, Geo Estratos. This update is in line with the Company’s strategy to...

U.S. Judge Rules Against BP - Again

24 Sep 2014 @ 20:30
It has been wisely said that, “Just because you are paranoid, it does not mean that people aren’t out to get you.” BP’s share price (LSE:BP.) (NYSE:BP) is being battered once again by the never-ending repercussions of the Deepwater Horizon tragedy in the Gulf of Mexico. The oil giant is beginning to look like the 97-lb. weakling who gets sand kicked in his face by thugs...

Panmure Gordon Shares Up 17.44%

23 Sep 2014 @ 16:47
Shareholders responded enthusiastically to Panmure Gordon’s (LSE:PMR) first half year report, boosting its share price by 17.44% to 165.00 from yesterday’s close of 140.50. The last time PMR shares were above 160.00 was 04 April this year. It’s an impressive gain based on an impressive report, but the share price still has a ways to go to get back to its 52-week high of...
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