LSE Market News

Okay.  I admit it.  We’ve been hard on HSBC (LSE:HSBA) this past 12 months.  In fact, I gave them a pretty strong poke in the eye just two weeks ago today on 23 April, when I berated them for their treatment of the “little people.”  And I was a wee bit sarcastic about them about […]

Today is 02 May 2013.  What a day it is for the mining industry in general and for Glencore (LSE:GLEN) and Xstrata (LSE:XTA). As we reported on 16 April, the lengthy process of the merger of Glencore International and Xstrata has been consummated as anticipated.  Finally. The new company, Glencore Xstrata plc, with an estimated […]

Royal Dutch Shell (LSE:RDSA) investors were pleasantly surprised today when the company filed its First Quarter results.  Analysts had anticipated adjusted earnings to come in at, or near, the $6.5 billion mark, which would have been $800 million less than the first quarter of 2012.  Instead, Shell reported an increase year-on-year of 3% from $7.3 […]

Deal will supply gas throughout the UAE Shell has been chosen by the Abu Dhabi National Oil Company (ADNOC) to participate in a 30-year joint venture (JV) to develop the major Bab sour gas reservoirs in the Emirate of Abu Dhabi. Shell will hold a 40% equity stake in the JV, with ADNOC holding 60%. […]

I’m usually pretty hard on Lloyds (LSE:LLOY), I believe, rightfully so, in light of how the bank has conducted itself over the last decade.  On the other hand, there is no sport in kicking a man who is trying to get back up. When Lloyds released its First Quarter results this morning, its share price […]

Announcing their Q1 results BP have argued that “Underlying replacement cost profit for the quarter was $4.2 billion, compared to $3.9 billion in the fourth quarter and $4.7 billion in the first quarter of 2012”. Operating cash flow in the quarter was $4.0 billion, compared with $3.4 billion in the first quarter of 2012. BP […]

The bank will receive shares equivalent to approximately 1.8 per cent of the total issued share capital as part of the deal. Lloyds Banking Group have announced that it will sell its Spanish retail banking operations, including Lloyds Bank International S.A.U and Lloyds Investment España SGIIC S.A.U, to Banco Sabadell, S.A (Banco Sabadell). The sale […]

Shaft Sinkers (LSE:SHFT) is a support services supplier to the mining industry.  It is not currently highly capitalized at a mere £18.76 million, with its stock trading in the 40.0 pence range since October 2012.  Its share price on 27 April 2012 was 101.0 whilst on 27 April 2011 it had been at its high of […]

Christopher Booker founded Private Eye, was campaigning journalist of the year several times in the 1970s and as a columnist on the Sunday Telegraph and ( sometimes) on the Daily Mail he is a scourge of global warming nutters, the EU and all things that right thinking folks despise. He is also my uncle and […]

Want to see Evil Knievil, Zak Mir, John Piper and ADVFN CEO Clem Chambers in action? There is no need to move an inch – the full video of their blockbusting talk at the UKInvestor Show – with ideas, trading theories and their latest share tips is now live here on ADVFN You can watch […]