LSE Market News

Monitise Has Double-Digit Growth for Third Consecutive Year ~ Shares Up 5%

17 Jul 2012 @ 12:55
The share price of Monetise (LSE:MONI) jumped more than 5% in early trading on the London Stock Exchange to 30.50 pence after the world’s leading m-commerce provider announced another projected record performance for their 2012 fiscal year ending 30 June.  Full results are to be published on 4 September 2012. Third Consecutive Double Digit Revenue […]

Lamprell Bags 120 Million US Dollar Contract

17 Jul 2012 @ 09:18
Oil and gas engineering firm Lamprell plc (LSE:LAM) was awarded the contract worth US$120.9 million to build a modified jackup for Seajacks to be constructed at the company’s facility in UAE. Lamprell’s fourth rig to be built for Seajacks, Seajacks Hydra will have a payload capacity of 1400 tonnes, accommodate 100 personnel, and will be […]

CSR Group Shares Jump 37%

17 Jul 2012 @ 08:57
Multi-function semiconductors provider CSR Group plc (LSE:CSR) announced today it has entered into a conditional binding agreement to transfer its handset connectivity and location development operations and technology to Samsung Electronics Co. Ltd. for a cash consideration of US$310 million. Samsung will also invest $34.4 million in CSR in exchange for 4.9% of the issued […]

Shell Backs Out of the Race to Acquire Cove Energy

16 Jul 2012 @ 21:45
In a move totally unexpected by investors today, Royal Dutch Shell (LSE:RDSA) (LSE:RDSB) backed out of a bidding war against its rival, Thailand’s PTT Exploration & Production (PTTEP), to take over Cove Energy (LSE:COV). In a statement released an hour before London closed trading, Shell said “it will not take part in the Auction Procedure for […]

G4S Shares Drop in Anticipated £50 M Loss in Olympics’ Security Shortfall

16 Jul 2012 @ 13:42
International private security group Group 4 Securicor (G4S) (LSE:GFS) said it will not be able to deliver the agreed number of guards for the 2012 London Olympic and Paralympic Games and anticipates a loss “in the range of £35 – £50 million” for the current fiscal year. The news was released late Friday, a day […]

Borders & Southern Shares Plummet over 70%

16 Jul 2012 @ 12:37
Borders & Southern (LSE:BOR) share price took a dive of Olympic proportions this morning, falling over 70% on “disappointing” news from the Falklands. The share price had fallen from 62.25p to 17.20p at 8:38am, recovering slightly to 18.50p by 11:20am. Problems at Stebbing Well Borders & Southern is exploring for gas and oil in the […]

Bayfield Shares Take Giant Leap After Good News From Trinidad

13 Jul 2012 @ 15:55
Shares in the small-cap oil and gas exploration company, Bayfield Energy Holdings plc (LSE:BEH), surged 38.5% today, the largest percentage gain on the London Stock Exchange today by more than 6%.  The share price has risen 5.00 pence to 18.00, recovering in a single day of trading what it had lost in the previous month. […]

Aegis Group Agrees to 3.16 Billion Pounds Takeover

12 Jul 2012 @ 15:58
Independent media communications firm Aegis Group plc (LSE:AGS) agreed to a takeover bid by Dentsu Inc., Japan’s top advertising company, in a deal that will “create a new global communications network for the digital age”, the London-listed FTSE 250 member said today. The British firm disclosed it received an offer of 240 pence a share, […]

G4S Shares Stumble Two Weeks Before the Finish Line

12 Jul 2012 @ 15:11
Like a runner tripping near the finish line, G4S (LSE:GFS) share price stumbled today on the news that it would not be able to meet its contractual commitment to supply 13,700 security guards for the London Olympic Games.  The share price had dropped 7.30 pence to 283.10 by early afternoon as G4S made the headlines […]

Polymetal International Ordered to Pay 27 Million Dollars in Additional Tax

11 Jul 2012 @ 17:54
Gold and precious metals producer Polymetal International plc (LSE:POLY) lost a tax dispute case and was ordered by the Russian Supreme Arbitration Court to pay 883 million rouble or US$27 million in additional tax, including fines and accrued interest, the Jersey-incorporated company said today. The case, decided on 10th July 2012, was in relation to […]
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