LSE Market News

The Financial Industry Regulatory Authority (FINRA) just put a wet blanket on the Barclays Capital (LSE:BARC) Yule Log.  At about noon EST, FINRA levied a $3.75 million fine on the financial firm for its failure to properly maintain “electronic records, emails and instant messages.” Barclays is alleged to have violated SEC laws as well as […]

The London Exchange has already closed and the traders are making their way over the river and through the streets to Grandmother’s House.  (Grandmother’s House is a small pub near Piccadilly Circus.)  Soon they will be on their way home to ensure that the stockings are hung by the chimney because it’s already obvious that […]

Sable Mining Africa (LSE:SBLM), the AIM listed exploration company, had announced its results for the six month period ended 30 September 2013. OVERVIEW: – Focussed on the rapid development of the high grade, high margin, low capital expenditure 123.5km2 Nimba Iron Ore Project in Guinea – Nimba already the second largest undeveloped on- or near-rail […]

African Potash (LSE:AFPO), the AIM listed company focussed on sub-Saharan potash assets, has announced its final results for the year ended 30 June 2013. Highlights: · Acquisition of an indirect 70% interest in the Lake Dinga Potash Project in the Republic of Congo – located in a widely recognised potash bearing region and surrounded by […]

African Consolidated Resources (LSE:AFCR), an AIM listed resource and development company focused in Zimbabwe, has released results for the six months to 30 September 2013. Operational Highlights: Reporting Period: · Completion of Definitive Feasibility Study on Pickstone Peerless oxide cap · Confirmation of 3.2Moz JORC Resource estimate at Pickstone Peerless by SRK Consulting (South Africa...

Armadale (LSE:ACP),an AIM quoted investment company focused on natural resource projects in Africa, have issued updated JORC Code Compliant Resource estimate at the Mpokoto Gold Project in the Katanga Province in the south of the Democratic Republic of Congo . Highlights: · 35% increase in total Mineral Resource to 510,000oz gold (‘Au’) from 11.2 million […]

Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has signed a binding Term Sheet with Anglo American plc and Kumba Iron Ore (Pty) Ltd , a leading supplier of iron ore and member of the Anglo American group, to advance its Mebaga DSO Iron Ore Project in Gabon, West […]

The share price of department store giant, Debenhams (LSE:DEB) was already falling, closing down more than 4.0% yesterday, when it wrecked the halls and the boughs of holly for its suppliers with a Christmas gift that it gave to itself at its suppliers’ expense. Debenhams share price has dropped another 2.2% today to 80.20 after […]

Europa Oil & Gas (LSE:EOG) have announced a detailed placing and open offer to raise approximately £4 million. The funds will be used to drill an additional well onshore UK in 2014; to advance the Company’s Irish Atlantic Margin licences where it partners with Kosmos Energy; and to participate in the next Irish Licensing Round. […]

Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has commenced work on the Moursand A-2 well, in the Little Drum Unit in Osage County, Oklahoma in which Northcote has an 51.75% working interest and 75.1% net revenue interest. This project will complete the targeted four well fracture stimulation programme planned for […]