LSE Market News

Independent oil and gas producer Faroe Petroleum plc (LSE:FPM) is giving up one acreage north of the UK in the West of Shetlands citing the licence no longer fits the company’s criteria of providing an attractive return for its shareholders. In a statement today, Faroe said it is to cease operations on a block 31 […]

As with the two other biggest banks in the UK, The Royal Bank of Scotland (LSE:RBS) has also set aside an enormous amount of money to cover for the infamous mis-sold payment protection insurance that has weighed heavy on the banks bottom lines since it was uncovered. RBS said today it has added some £400 […]

War criminal, intern exploiter and former Prime Minister Tony Blair used to take great delight in announcing the same event a number of times in order to “work the spin cycle.” AIM listed penny share dreadful oil explorer Sefton Resources (LSE:SER) is playing the same game with an RNS today designed to show momentum but […]

 The month of October ended with AIM listed business technology company 1Spatial (LSE:SPA) releasing its numbers for the six months to 31st July which – as has become the norm here – are mangled by all sorts of one offs. Having urged people to buy the shares at 2p on September 12th, am I still […]

Both SOCO International (LSE:SIA) and Royal Dutch Shell (LSE:RDSA) a David and a Goliath in the Oil & Gas sector released interesting reports this morning which, when given a cursory comparison, indicated the unique situations that companies of vastly different sizes, but engaged in the same business, have to address. A Little Bit About David […]

What good will it do when you have so much resource but unable to extract them? That must be one of the questions in minds of investors on the London Stock Exchange today as holders of Avocet Mining plc (LSE:AVM) shares dumped their stakes upon knowing that the company’s sole gold mine in West Africa […]

Lloyds Banking Group’s (LSE:LLOY) Chief Executive Officer, Antonio Horta – Osorio must have been inspired by the Halloween when he made his review for the bank’s July to September financial health and the nine months since January when he, unfortunately, disclosed “legacy issues” continue to affect the bank’s profit-making business. A further one billion pounds […]

Shares in fully listed gold miner Centamin (LSE:CEY) have resumed trading this morning and are currently 74p. One can make a legitimate case saying that its assets are worth 150p per share. But then there is the reason they were suspended on Tuesday and that is why I would sell as I explain briefly below. […]

And so it came to pass on the third day that Centamin (LSE:CEY) issued another RNS insisting that the new Islamofascist regime in Egypt had not after all stolen its Sukhari gold mine. The shares remain suspended because the truth is that no-one has the foggiest idea what is going on. Not even Centamin by […]

I originally recommended shares in UK-focused business information, events and marketing services group, Centaur Media (LSE:CAU) in October 2009 at 44p on t1ps.com – the website I founded in my bedroom and edited until September 2012 ( delivering an average gain per tip of 42.7%). But Centaur has been a rocky road – with the […]