LSE Market News

Optare Shares Down Despite Equity Investment & New Contract

20 Dec 2011 @ 13:49
Optare Plc (LSE:OPE) issued press releases today announcing the increased equity investment in the company by Ashok Leyland as well as the winning of a major contract for 190 of its midi-buses. Whilst this should be received well for stockholders, shares dropped 56.36% on a volume of 10,336,595 shares. The Announcements New Contract The new […]

Petroceltic Secure US$103 million Contract

19 Dec 2011 @ 16:47
Algeria’s Council of Ministers has approved the sale of an 18.375% interest in the Isarene PSC to Enel Trade SpA (Enel). The deal is set to mean a US$103million contract for oil and gas exploration and production company Petroceltic International (LSE:PCI). Deal Details • Agreed to pay up to US$ 36.75 million to Petroceltic, which […]

Jacques Vert Shares Spiked 66% over Offer to Sell

19 Dec 2011 @ 16:15
Shares of Jacques Vert PLC (LSE:JQV) rose 66% to 20.75 pence at the close of trading following the announcement released earlier today of an agreement to sell 2,383,465 or 1.2% of Jacques Vert’s ordinary share capital to Minerva Bidco at 21 pence a share, a 68% premium based on the closing price of 12.5 pence […]

Monitise Shares Up Following Two Announcements

16 Dec 2011 @ 11:59
Monitise Plc (LSE:MONI) shares were up today 3.75p and 12.82% on trading of of over 9 million shares following two important announcements. Montise and FIS Agree To A 5-year Stategic Partnership The company announced today that it has entered into a 5-year strategic partnership with FIS (NYSE:FIS). With over 300 banking solutions placed in over 100 […]

Conroy Gold Shoots Up 20% in Early Trading

16 Dec 2011 @ 10:36
Conroy Gold and Natural Resources Plc (LSE:CGNR) announced on Friday that it has received an updated resource and evaluation report indicating a significant increase in resources. The news prompted a rise in shares of around 20% in early trading, with the share price at 3.125 p at 10:45 GMT. Resource Evaluation Details The updated resource […]

Pursuit Dynamics – Preliminary Results and CEO Resignation

15 Dec 2011 @ 14:38
Pursuit Dynamics Plc (LSE:PDX) announced on Thursday their preliminary results for the 2010-2011 fiscal year and the resignation of their CEO,Roel Pieper. The news prompted a drop in share price of 54% to 93.5 p just before 10:00 GMT. Contents The company announced on Thursday morning their preliminary results for the fiscal year ending 30 […]

Central Rand Gold Shares Bounces Back

15 Dec 2011 @ 12:15
Shares of Central Rand Gold (LSE:CRND) bounced back since the opening of trading this week, following the consent order issued on Monday, December 12th, by the High Court in South Africa, setting aside the decision to cancel the mining rights of Central Rand Gold’s wholly-owned subsidiary, Ferreira Estate and Investment Company (FEIC). CRND shares closed […]

Oxford Biomedica Stocks Drop Following Test Results For New Drug

15 Dec 2011 @ 10:31
Oxford BioMedica (LSE:OXB) shares dropped 30.53% today to 3.30 per share, a 52 week low, on a volume of 15,141,626 shares following publishing of test results for its new drug ProSavin. Test Results While previous clinical trials of ProSavin, the company’s anti-Parkinsons treatment, had indicated the potential for significant improvement in patients receiving higher doses […]

Monitise Announces Dramatic Increase in Revenues

14 Dec 2011 @ 16:23
Monitise Plc (LSE:MONI) announced on Wednesday that their revenue for the six months ending 31 December is expected to be £15 million, nearly three times higher than the £5.3 million generated during the same period last year.  The news drove shares up over 10% in early morning trading, putting the share price at 29.25 p […]

Lloyds' Banking Group CEO Planning to Return

12 Dec 2011 @ 14:22
According to Stocks & Shares TV, the board of Lloyds Banking Group will be making a decision soon as to approving the return of CEO; António Horta-Osório, who has been on medical leave since November, due to extreme fatigue.  UK Financial Investments has already indicated it is in favor of Horta-Osório’s return. UK Financial Investments […]
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