LSE Market News

EServGlobal brings mobile money to Somalia

01 Mar 2012 @ 13:29
Mobile money solutions maker EServGlobal (LSE:ESG) makes its’ entry into Somalia as the company provides their PayMobile platform to Dubai-based GSM and 3G mobile operator, ASGSM.MOBI Limited. In a statement released Thursday, 1st March, eServGlobal will provide end-to-end solutions to include mobile wallet, mobile money, and mobile commerce services, such as cash-in/cash-out at...

IAG Posts €555 Million Profits as British Airways covers losses for Iberia

29 Feb 2012 @ 14:25
International Airlines Group (LSE:IAG), the company formed from the merger of British Airways and the Iberia Group in January 2011, posted after tax profits of €555 million, or a 455% take-off from the €100 million posted in 2010 (the figure is based from the books of British Airways as the buyer of Iberia Group). But […]

Standard Chartered Posts Profits for 9th Consecutive Year

29 Feb 2012 @ 13:36
For the ninth consecutive year, Standard Chartered (LSE:STAN) posted income and profit growth, beating the economic woes that have swept the banking industry in 2011. With an income growth of 10% from a year ago, the international banking group earned $17.6 billion and made a profit of $6.7 billion out it, representing an 11% increase […]

Craneware Shares Rises on Company News

28 Feb 2012 @ 16:20
Craneware (LSE:CRW) was one of the top gainers on the London Stock Exchange this morning on active trading of nearly 1.2 million shares, with the share price up nearly 20% at 364.00p as of 12:45 GMT. This comes of the release of two announcements by the company. Two Corporate Announcements The announcement of a 13.2% […]

Barclays Bank named Culprit in £500M Tax Avoidance Schemes

28 Feb 2012 @ 15:11
Barclays (LSE:BARC) confirmed they are the bank involved in the crackdown of HM Revenue & Customs for tax avoidance schemes, which was announced the day before. Exchequer Secretary David Gauke, announced on Monday, 27th February they had stopped two schemes of an unnamed bank, which could have generated £500 million in taxes, in a rare act of “retrospective […]

Lansdowne Shares Up 20% on Drilling Success

27 Feb 2012 @ 14:44
The share price of Lansdowne Oil & Gas (LSE:LOGP) jumped over 20% today, trading at 7.12p, following their announcement this morning regarding the success of their joint-venture Barryroe appraisal well project in the North Celtic Sea, off the shore of Ireland. About the Well Lansdowne owns a minority interest (20%) in the Barryroe well under […]

Xchanging inks new contract with BAE Systems

26 Feb 2012 @ 14:55
Back-office solutions provider Xchanging plc (LSE:XCH) signed a new contract with BAE Systems to provide procurement services for another three years, superseding the current contract which is soon to expire at the end of 2012 The newly signed deal will have a lower margin than the previous contract, but nonetheless highlights the ambition in its thrust […]

Lloyds Banking Group Suffers £3.5 billion losses in 2011

24 Feb 2012 @ 16:24
Lloyds Banking Group (LSE:LLOY) reported an annual loss of £3.542 billion in 2011, a very steep downfall from the £281 million profit it made in 2010, citing the £3.2 billion Payment Protection Insurance (PPI) provision as the single biggest factor behind the loss. Still, Chief Executive António Horta-Osório said the Group delivered “a resilient performance […]

Berendsen Posts Positive Year End Results

24 Feb 2012 @ 15:39
Berendsen (LSE:BRSN) share prices were climbing today on the heels of this morning’s publication of their year-end results. Share prices were up over 9% by 42.00pence to 504.00p as of 12:56 pm GMT. Year End Results In announcing the results for the year ending 31 December 2011, the board attributed its excellent performance, at least in […]

Tower Resources: No Oil in Uganda

23 Feb 2012 @ 14:56
AIM-listed Tower Resources (LSE:TRP) saw its shares tumbled down 24.5% from its previous value at 2:00 PM, London Time, after a report that no oil was found in its Ugandan asset. Why has this occurred? The Mvule-1 well, the last of the three wells under the company’s 100% interest in the EA5 licence was drilled […]
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