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LSE Market News

REM become top earner in early morning LSE trading

29 Aug 2013 @ 09:25
Rare Earth Minerals (LSE:REM) became the top earner on the London Stock Exchange during this morning’s early trading following a sudden rise from 1.23p to 2.38p. The stock, which started the month at 0.06p, has seen over 524m million shares traded so far today. The company’s 93.5% rise in value was spurred by the announcement […]
 

Afren announce half-year results

28 Aug 2013 @ 12:32
Afren, an independent exploration and production company listed on the London Stock Exchange (LSE:AFR), has announced its Half-yearly Results for the six months ended 30 June 2013 and an update on its operations year-to-date 2013. In a stament the company said that the “first half of 2013 has been a period of notable success for […]
 

BP announces deepwater gas discovery

27 Aug 2013 @ 20:24
Reliance Industries Limited (RIL) and BP have announced a new gas condensate discovery off the east coast of India in the Cauvery basin. The discovery, in the deepwater block CY-DWN-2001/2 (CYD5), is situated 62 kilometres from the coast in the Cauvery Basin and is the second gas discovery in the block. RIL is the operator […]
 

Let's Have a Good News Friday

23 Aug 2013 @ 13:51
I can still remember when “Casual Friday” became all the rage.  (You youngsters thought there was always a “Casual Friday,” didn’t you?)  I know of one company where the “Casual Friday” expanded to five working days, so they instituted a “Tie Tuesday.”  I got to thinking this morning that today might be an ideal day […]
 

Glencore Xstrata Posts $8.9 Billion Loss

20 Aug 2013 @ 14:03
Glencore Xstrata (LSE:GLEN) share price tumbled this morning after the mining behemoth reported a first half loss of $8.9 billion.  The share price had dropped 1.49% and 4.20 pence by 1:00 pm, falling from 301.95 to 297.45.  This is a far cry from last year when pre-Xstrata-acquisition Glencore reported a $2.3 billion profit.  In fact, […]
 

RBS May Not Meet Sell-Off Deadline

19 Aug 2013 @ 13:53
The share price of the Royal Bank of Scotland (LSE:RBS) had dropped from 343.6 to 339.3 as of 13:20 today.  The consensus on the street is that the decline has come as the result of an statement by W&G Investments (LSE:WGI). The statement was in reference to the government-mandated divestiture of 315 under-performing RBS branches. […]
 

Bovis Homes record 50% increase in housing profit

19 Aug 2013 @ 13:27
During the first half of 2013, Bovis Homes made “significant progress in the ongoing delivery of its strategy to improve shareholder returns” with a strong improvement in housing profit, an increase in the number of active sales outlets, a material improvement in the rate of sale per site and “the successful continuation of investment in […]
 

Clarkson announces interim results

19 Aug 2013 @ 12:17
Clarkson PLC, one of the world’s leading shipping services group, has announced unaudited results for the six months ended 30 June. In a statement the firm, has offices in 16 countries on five continents, said that they had delivered a “Robust performance delivered in challenging markets” and archived revenue of £89.1m, an increase of £1.1m […]
 

GKP Takeover Rumors Are Just That

16 Aug 2013 @ 15:23
Some rumors just won’t die.  Or as a former CEO friend of mine used to say, “The best way to handle rumors is to ignore them.”  But ignoring them in the financial news reporting business is probably an exception to the rule.  In the stock market it’s the rumors and speculation that make things exciting. […]
 

Similarities, Gold, Risk & Reward - Accendo Markets Weekly Roundup - 16 Aug 2013

16 Aug 2013 @ 15:11
Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; Another FTSE 100 correction week, this time taking us lower than the last to retest summer lows, but also much quicker than last time. Was that it, and is the only way is back up towards summer highs? Or […]
 
 
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