LSE Market News

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 […]

BP plc (LSE:BP.) makes history again after agreeing to pay the largest criminal fine in the United States jurisprudence to date, in relation with the Deepwater Horizon explosion in 2010 that claimed 11 lives and caused the costliest oil spill in history. Eight hours after the London-based oil giant announced it is in “advanced discussions” […]

Reach4Entertainment (LSE:R4E) was a disastrous tip by me during my 12 years at t1ps.com – I first recommended it at 81p. Back on September 21st those now running t1ps advised their readers to sell at 3.5p, not having bothered to speak to the company first. I did and called it as a recovery buy. I hope […]

Poised to end the year with a much lower production than what had previously been reduced, Talvivaara’s Board of Directors revamped its composition resulting in a change of leadership as its Chief Executive Officer was replaced, a day after the Finland-focussed nickel and zinc producer announced the metals recovery plant is still shut following a […]

Conflict resolution is probably what the UK oil giant, BP plc (LSE:BP.), has been studying for quite some time now as within a week, the London-based firm was able to come up with amicable ways to settle cases and disputes with authorities and partners. In a statement today, the integrated energy company said it is […]

Paul Scott is a smart investor and a good battler against boards which take the piss. Looming in his sights now is AIM listed property developer Inland (LSE:INL). The issue is boardroom pay versus shareholder return. And Scott is not wrong here. Inland is a good company but its directors Stephen Wicks and Nish Malde […]

Shares of nickel and zinc producer, Talvivaara Mining Company plc (LSE:TALV), recovered a few pence earlier today after the firm said the leakage in its Sotkamo mine in Finland has stopped but were still down by more than a fourth of their value before the leakage happened 10 days ago. At 11:45 AM GMT, Talvivaara’s […]

Shares of nickel and zinc producer, Talvivaara Mining Company plc (LSE:TALV), recovered a few pence earlier today after the firm said the leakage in its Sotkamo mine in Finland has stopped but were still down by more than a fourth of their value before the leakage happened 10 days ago. At 11:45 AM GMT, Talvivaara’s share […]

The world’s largest mining group, BHP Billiton plc (LSE:BLT) is breaking its engagement with its diamond business after deciding to sell Canada’s first diamond mine to jewellery designer Harry Winston for US$500 million, in line with the miner’s move to transform itself into a “simpler business”. In a statement, BHP Billiton said it has signed […]