LSE Market News

BP (LSE:BP) have released financial results for the third quarter of 2013. Underlying replacement cost profit1 for the period was $3.7 billion, compared to $2.7 billion for the previous quarter. Operating cash flow in the quarter was $6.3 billion. Consistent with its commitment to maintaining a progressive and sustainable dividend policy, BP also announced that […]

The share price of African Barrick Gold (LSE:ABG) continued to gain ground on the London Exchange today.  A 9.9% increase over yesterday’s close to 186.70 continues a recovery that began on 13 July, when the share price was at 105.10,  and an unabated upward trend that commenced on 14 October.  ABG shares were valued at […]

New World Oil and Gas (LSE:NEW), an oil and gas exploration and development company focused on Belize and Denmark, has announced that the Government of Belize has approved the application of the third and final renewal period of the Blue Creek Production Sharing Agreement (‘PSA’) in relation to its Blue Creek Project in the Petén […]

Savannah Resources (LSE:SAV), an AIM listed exploration company,has announced that it has commenced an initial drilling programme at the Company’s 80% owned 180 sq km Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: ·Commenced 2,000m, reverse circulation (‘RC’) drilling programme to further define prospectivity of Jangamo...

Ariana Resources (LSE:AAU) have released JORC Resource Estimate for the Kizilcukur and Ivrindi projects which are 100% held by the company outside of the Red Rabbit Joint Venture in Western Turkey. Highlights: -27,600 oz Au equivalent JORC Inferred added to the resource base from two satellite prospects, Kizilcukur and Ivrindi, located in the vicinity of […]

Aimed at “building value for shareholders” Cluff Natural Resources (LSE:CLNR), a company founded by natural resources entrepeneur Algy Cluff, has made two new Board appointments. Graham Swindells has been appointed as the Company’s Finance Director and Christopher Matchette-Downes has been appointed as a Non-Executive Director with immediate effect. Graham Swindells joined the CNR...

West African iron ore focussed Sable Mining (LSE:SBLM), has raised £17.1 million from new and existing shareholders to accelerate development of the Company’s flagship high grade Nimba Iron Ore Project in south-east Guinea – the second largest undeveloped on- or near-rail direct shipping ore project to be held outside the major mining companies in West […]

Lloyds Banking Group (LSE:LLOY) share price is currently trading 78.19 pence, down slightly from the 80 pence mark it had reached at Friday’s close.  The share price has been climbing steadily through this calendar year, in effect, doubling in value from one year ago.  If the share price continues to remain above 73.6 pence for […]

The storms may be raging this morning, but Aggreko (LSE:AGK) is powering up the FTSE 100 with a 5.3% increase in its share price, a growth of 83.00 pence per share to 1,600.00. Normally, this is where I would say, as others already have, that the increase comes following Aggreko’s release of its interim results […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This week saw the UK’s FTSE100 Index add a further 100 points (1.5%) to revisit 6,700 as risk appetite remained supported by the US fiscal resolution (albeit short term, be prepared for a re-run), a welcome rebound in China […]