LSE Market News

Shares of iron ore producer, African Minerals Limited (LSE:AMI), closed an eighth lower than their value on the London Stock Exchange today, after the mining firm admitted its current financial capacity is limited even as it released over half a billion dollars of fund and is in discussions with lenders to extend credit. African Minerals, […]

AIM-listed, Latin America-focussed gold miner Minera IRL (LSE:MIRL) has today announced a resource update for its Don Nicolas project in the mining-friendly Santa Cruz province of Argentina. These are shares I previously recommended on t1ps.com ( the site I founded in 2000 and edited until September this year before leaving to establish the new Nifty […]

After nine months of intense negotiations and 11th hour calls, shareholders of Anglo-Swiss commodities and mining giants, Glencore plc (LSE:GLEN) and Xstrata plc (LSE:XTA), have finally approved the “merger of equals” to create a global natural resources powerhouse. However, Xstrata shareholders rejected the £88 million Revised Management Incentive Arrangements, which would have provided...

Barely two hours ago, the UK courts found a former UBS (UBSN:VX) trader guilty of a second count of fraud.  It’s about time that some of the low-lifes who are living the high-life at British taxpayer expense start living the secluded life.   It’s about time that these pocks on the face of dignity get dragged […]

Hallelujah!!  At last!! What more is there to say??? The courts have done the right thing.  They are starting to cut out the cancer in the UK financial sector. We applaud the conviction of fraud. Full story to follow soon.

Africa- and South America-focussed oil and gas exploration firm, Clontarf Energy plc (LSE:CLON), led the gainers by percentage on the London Stock Exchange earlier today following advance discussions of possible partnership to develop its two wholly-owned acreages in Peru. The AIM-listed Clontarf gained as much as 40% by midday to 5.25 pence after saying that […]

Shareholders of leading platinum producer, Lonmin plc (LSE:LMI) approved the proposed rights issue to raise funds needed to rehabilitate the company’s balance sheet following the multi million pound losses incurred during the tragic events at its South African mines. In a statement early afternoon today, world’s number three platinum miner said about 91.1% of the […]

I published an update on AIM-listed electronic displays designer and developer Densitron Technologies (LSE:DSN) last week – concluding that a low earnings multiple and its balance sheet backing were sufficient to make me believe the shares were worth sticking with.  Since my original tip on t1ps.com, the site I founded and edited for 12 years […]

Jack up rig builder Lamprell plc (LSE:LAM) still enjoys the confidence of its creditors, the company hinted today, even as it revealed there will be a “much greater loss” than previously projected when the current financial year ends following delays in delivery of major projects supposedly scheduled to be completed this year. In a statement, […]

Man Group (LSE:EMG) announced this morning that it has completed negotiations with Hutchinson Investors Ltd  and has started the mechanism for selling its remaining exposure to Lehman claims that it acquired in July of 2011. At a sales price of $456 million, Man Group is selling the claims at a 32% premium to their value […]