LSE Market News

The usual, quiet, long Easter weekend has passed and the markets have opened to a roar from the pharmaceutical sector that one would expect to accompany the announcement of a new drug that both cures cancer and encourages erections that last more than four hours. Let’s identify the companies first, then try to sort it all out. In no particular order, the market is in a buzz because of...

(AIM:DKL) DekelOil Public Limited, operator and 51% owner of an established, vertically integrated palm oil project in Côte d’Ivoire, has provided an update on its operations at its recently commissioned 60 t/hr Crude Palm Oil extraction Mill, one of West Africa’s largest. Overview · The Mill became fully operational in March with the following key indicators achieved during the...

(ISDX:CFCP) Capital for Colleagues, the ISDX-quoted investment vehicle focused on opportunities in the Employee Owned Business sector, has announced that is has made its fifth investment through a convertible loan of £100,000 to Midland Construction Supplies Limited, a UK based company with a ten year track record in the supply of accessories for the construction industry. This is Capital for...

LSE:AAZ Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, has provided a production and operations update from its Gedabek gold/copper/silver mine and Gosha gold mining operation in western Azerbaijan for the three months to 31 March 2014. Overview: · Gold production at Gedabek for Q1 2014 totalled 11,312oz (8,597oz from the agitation leaching plant and 2,715oz from heap...

Royal Dutch Shell (LSE:RDSA) (LSE:RDSB) successfully drilled a new gas discovery off the coast of Malaysia, the petroleum giant announced today. In a statement, Shell reported it encountered 450 metres of gas column after drilling Rosmari-1 to a depth of 2,123 metres, 135 kilometres off the coast of Sarawak state, in the island of Borneo. The well is located within Block SK318, which is...

The share price of AIM-listed and Main Market-bound Quindell (LSE:QPP) gained 1.35% to close at 37.62 pence today, regaining some of the ground that it had lost since nearly breaking the 44.00 mark on April 7th for the second time this year. The release of Quindell’s Q1 Trading Statement was an obvious factor on the day. QPP is trading 180% higher than 15 April 2013. More Good News As...

Anglo-Australian oil and mining firm BHP Billiton (LSE:BLT) is raising its outlook for its iron ore and coal outputs for the 2014 fiscal year, BHP Billiton’s Chief Executive, Andrew Mackenzie said, Wednesday. In a statement, Mackenzie, who will be in his first year as CEO of BHP Billiton on May 10th, said the company is raising its expected output following record iron ore and coal production...

Revenue £2.1m (H1 2013: £2.2m) Europa Oil & Gas (Holdings), an AIM listed oil and gas exploration and production company with a combination of producing, appraisal and exploration assets in Europe, announces its interim results for the six month period ended 31 January 2014. Highlights: * Béarn des Gaves permit onshore France renewed * Acquired 3-D seismic offshore Ireland * Produced 170...

“By mid-2015″ BP has announced that it intends to halt refining operations at its 102,000 barrels per day (bpd) Bulwer Island refinery in Brisbane, Queensland by mid-2015. Andy Holmes, President of BP Australasia, said that the growth of very large refineries in the Asia-Pacific region was driving structural change within the fuels supply chain in Australia and putting huge...

Global mining giant Rio Tinto (LSE:RIO) revealed Tuesday morning its iron ore production fell on account of “seasonal weather patterns” affecting its Australian mines. In its first quarter report for 2014, the London-listed firm produced 66.4 million tonnes (Mt) of iron ore, six per cent lower than its output in the last quarter of 2013. Production was affected by Category 3 tropical cyclone...