LSE Market News

A couple of weeks ago I wrote one of my typically brilliant stories, only to see that my colleague, Tom Frew, wrote about the same story the very next day.  I cautioned him that his “oversight” might be returned in kind someday.  I mean, you never know about these things.  Today, I return from a […]

Telecommunications giant Vodafone (LSE:VOD) has responded to media speculation that it was set to announce a £84bn sale of its stake in Verizon Wireless. In a statement the company said it was in “advanced discussions with Verizon Communications Inc. regarding the disposal of Vodafone’s US group whose principal asset is its 45% interest in Verizon […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; A big week for the markets with participants finally permitted to look away from the prospect of Fed tapering, if only briefly and for disturbing geopolitical and potentially military headlines regarding Syria, only to have to look back again […]

John Menzies (LSE:MNZS) has announced that its turnover has risen marginally to £997.9m (H1 2012: £988.4m) due to increased turnover at Menzies Aviation, offsetting the expected decline at Menzies Distribution. The increase in turnover has led to an increase in the company’s dividend from 7.35p to 7.7p Iain Napier, John Menzies Chairman said that “Despite […]

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, 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 […]

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 […]

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 (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, […]

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. […]