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LSE Market News

Japan Gets Attention - JP Morgan Gets Fined

23 May 2013 @ 15:52
While the investment world focuses on Japan today, the news at JP Morgan has failed to make the make the headlines it would have on any almost other day.  The Financial Conduct Authority (FCA) has levied a fine of £3,076,200 “for systems and control failings related to its provision of retail investment advice and portfolio investment services” […]
 

FTSE and Dow: Silver Lining or Eye of the Storm?

21 May 2013 @ 13:38
Do you remember what you were doing 13 years ago?  Probably still breathing a sigh of relief that the Y2K computer software issue didn’t really exist.  And, hey, things were looking good.  The key stock indicators looked great.  It was the start of a whole new millennium.  What could possibly go wrong? Well, a lot […]
 

Mobile Streams Proves appitalism® Works

14 May 2013 @ 14:04
Mobile content provider Mobile Streams (LSE:MOS) continues to turn in stellar performance as demand for its apps, games, music, videos and eBooks increases around the globe.  The company that operates through the cleverly named storefront appitalism® has watched it share price rise from the 4.0 range, where it hovered for several years until September 2010, […]
 

Lonmin Update - "This Too Shall Change"

14 May 2013 @ 12:52
Just one day after announcing a 300% increase in pre-tax profits and optimism that 2013 will be a better year operationally, Lonmin’s share price (LSE:LMI) took a hit when the company announced yet another labor-related problem at its Marikana mine.  Employees showed up for work, but refused to enter the shafts. Marikana had to suspend […]
 

BG Group To Lure Investors Back

14 May 2013 @ 11:03
BG Group intends to go back to its roots as a gas explorer and producer in the next five to 10 years in the hope to regain investor confidence in the independent gas firm. Chris Finlayson, the group’s Chief Executive, is to formally unveil the firm’s long-term strategies to a group of investors and analysts […]
 

Post Office announce bank account details

13 May 2013 @ 19:45
Current Accounts to be backed by the exchange listed Bank of Ireland The Post Office has launched three new current accounts it argues offers “customers choice, good value, fair and transparent products with no hidden charges and access to the largest branch network in the UK”. The introduction of the Post Office current account, in […]
 

UK gas usage up 18%, say Centrica

13 May 2013 @ 19:03
British Gas owners cite “result of the unusual period of extended cold weather” Centrica have argued that “as a result of the unusual period of extended cold weather, average residential gas consumption was 18% higher in the first four months of 2013 than in the same period in 2012”. Announced in the company’s Interim Management […]
 

Lonmin Pre-Tax Profit Triples in First Half

13 May 2013 @ 14:50
The world’s third-largest platinum miner, Lonmin (LSE:LMI), announced its six-month results this morning.  The news was a far cry from the year-end results they published on 09 November 2012.  The thing that stood out the most last November was Chairman Roger Phillimore’s statement that “The publication of today’s results closes a painful chapter in Lonmin’s […]
 

BT announce £2.5bn profit

10 May 2013 @ 10:21
Profit up 2% on previous year BT have announced an annual profit of £2.5bn for the year up until 31 March, but said that revenue had fallen by 5% to £18bn. Commenting on the results Ian Livingstone, BT’s Chief Exectuive, argued that the results showed that the company had “a lot more to do but […]
 

Slovenia Reveals Measures to Avert Meltdown

09 May 2013 @ 19:01
The story has been brewing for a time now and the latest development reveals Slovenia, feared to be the next and sixth country to be bailed out by EU, is doing what it can to avert a financial meltdown that has caused quite a pandemonium in the five countries that secured the same since the […]
 
 
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