LSE Market News

Europa Oil & Gas (LSE:EOG) announced today that it has had a “significant increase” in first half production and revenues compare to the same period last year. Results are for the period ending December 31, 2012. The Report First half revenues increased 61% to £2.4 million on the combination of increased output and the rise […]

Diamond mining and development company Firestone Diamonds (LSE:FDI) recovered three 100-carat diamonds from its’ 75% owned Liqhobong Mine in Lesotho. The three large 100-carat diamonds indicated an increase in higher clarity diamonds being recovered in the mine which has recently been producing than the budgeted grades of 38-carat per hundred tonnes and 115% mine call […]

Solo Oil Plc (LSE:SOLO) released an updated drilling report this morning for its Ntorya-1 exploration well.  The Ntorya-1 well is in the Ruvuma Basin in Tanzania. The company announced that the well has been drilled to a depth of 2,500 metres, but without reaching sandstone reservoirs as expected.  A prior drilling report released less than […]

Glencore International and Xstrata announced  a “merger of equals” to create a major natural resources group to form a combined market equity of market value of US$90 billion. The merger, according to Ivan Glastenberg, Chief Executive Officer of Glencore (LSE:GLEN) and a Non-Executive Director of Xstrata, will create a “new powerhouse in the global commodities […]

Ferrex Plc (LSE:FRX) published a Resource Drilling update on its operations in Africa prompting a share price increase of 18.07% on volume of 4,005,513 by late-morning trading. Update on Operations Dave Reeves, Ferrex Managing Director, summarised the positive report saying that two projects in particular, the Nayega Manganese Project in Togo and the Malenane Iron […]

Iron ore producer London Mining (LSE:LOND) sends off its’ first ship loaded with 49,656 wet metric tonnes (“wmt”) of iron ore from their Marampa Mine in Sierra Leone, which is bound for Europe. This is the first of the three shipments scheduled to deliver London Mining’s produce, with the second ship bound for China and the third to be provided to Glencore, […]

CareCapital Group (LSE:CARE) shares rose a stellar 145% today following the release of their annual trading update for presentation at the company’s Annual General Meeting today. Operations Update Although previously approved by the shareholders, the commentary in the Trading Update regarding the November 2011 sales of their entire German operations portfolio laid a solid foundation...

Shares of Carpetright took an 8% dip today upon publication of the company’s Interim Management Statement for the 3rd Quarter, which ended on January 21, 2012. Report Details The folowing information is taken directly from the Interim Management Statement Group sales were down 3.8% for the Quarter. UK sales were down 4.8% for the Quarter. […]

Matra Petroleum (LSE:MTA) announced today that drilling plans for some of its operations will be delayed for 4-6 weeks due to circumstances beyond its own control. Update on Operations The company cited weather conditions, specifically, snow accumulation and spring melting in the area of the Sokolovskoe mining field for potential delays in commissioning and startup […]

Royal Bank of Scotland Group (LSE:RBS) Chief Executive Officer Stephen Hester will no longer receive his £970,000 worth of RBS shares bonus. The decision came after the Labour Party leader Ed Miliband declared they will rouse the House of Commons to a vote over the controversial remuneration package. The news first broke out on Thursday, […]