LSE Market News

AIM-quoted clean fuel technology manufacturer ITM Power (LSE:ITM) announced it had signed the company’s first supply and distribution agreement, granting exclusive rights to market its products in South East Asia to a Singapore-based company. Horizon Fuel Cell Technologies, an international provider of commercial micro-fuel cell products established in Singapore, was given the exclusive rights...

Hector Sants, chief executive of the Financial Services Authority (FSA), announced today that he will resign from his post in June. This sudden resignation leaves the regulatory body reeling, as several senior employees have also resigned. Sants was expected to oversee the FSA’s transition to the “twin peaks model,” effective April 2nd.  Under this structure, the […]

Tullow Oil (LSE:TLW) released a statement at noon today announcing that it has found water-bearing reservoirs with oil shows at two of its exploratory wells.  Tullow is trying to add reserves after successfully unlocking nearly 4 billion barrels of oil in new provinces in Uganda, Ghana, and French Guiana.  Share prices have been volatile today, rising and falling modestly […]

Scottish & Southern Energy (LSE:SSE), a “big six” energy company, today lost an appeal against charges that the company had engaged in illegal sales techniques. Three judges at the Court of Appeals in London threw out the plea on the grounds that they “were not convinced that the conviction was unsafe.” Last May, the Surrey […]

One week before UK Chancellor George Osborne is scheduled to deliver the new budget, Fitch Ratings has revised its outlook for the UK’s long-term Issuer Default Rating (IDR) downward from stable to negative. The announcement has provoked a quite a number of responses, such as “UK Chancellor George Osborne has been issued a pre-Budget warning” […]

Thor Mining (LSE:THR) was heavily trading today, prompting the dual-listed gold-and-tungsten-focused company to issue a statement they are not aware of any price sensitive information that needs to be disclosed to the public. Over 21 million shares switched owners at 3:30 PM, London time, peaking at 1.77 pence in early trading on the Alternative Investment […]

Despite the Board of Directors positive spin on Sirius Petroleum’s (LSE:SRSP) drilling update this morning, shareholders may not share the company’s enthusiasm as shares dropped more than 6% by midday. The Background Sirius commissioned a Competent Person’s Report (CPR) on the Ororo oil field in January 2012.  The Ororo oil field was originally discovered in […]

International security solutions group G4S (LSE:GFS) profits in 2011 took a hit with the failed bid to merge with the Danish company ISS that cost the British firm about £55 million, as mentioned in the annual report. The group that will provide security services in the upcoming 2012 London Olympics posted financial figures, which can […]

21st Century Technologies (LSE:C21) announced this morning that it has been awarded a contract worth £3.3m over 5 years. The share price on the London Stock Exchange had risen by more than 11% by midday. The Contract The contract, awarded by Arriva in Sweden, requires 21st Century to supply on-board CCTV, passenger counting systems, and […]

Barclays (LSE:BARC) Chief Executive Bob Diamond earned £6.3m in remuneration last year according to its annual report, made available online today. For 2011, Diamond earned £1.35m in base salary, £2.7m in bonuses, and £2.2m in long-term incentives. Though Diamond earned £9m in 2010, £2.7m more than 2011, the announcement comes at a time when banking […]