LSE Market News

Oil and gas explorer Sound Oil plc (LSE:SOU) is getting out of an exploration contract in Indonesia after drilled exploration wells proved disappointing, much to the delight of the investors of the AIM-listed firm, but will still be receiving royalties should future exploration results in discovery of hydrocarbon. In a statement, Sound Oil said it […]

There may be more to worry about than the nagging problems in Europe, especially for investors in the UK’s biggest supermarket chain, Tesco (LSE: TSCO). Tesco recently recorded its fall drop in profits since 1994. The pre-tax profit of the supermarket chain came falling by a whopping 11.6% which stood at £1.7billion for the last […]

And so the screwing of Private Investors in AIM listed gold miner Shanta Gold (LSE:SHG) is completed. The company has today announced that it has raised $35 million (£21.8 million) in its bookbuild placing announced yesterday at 17p. The new investors will own 38% of the equity. We plebs have been rogered, we feel sore […]

I timed my original (June 2007) recommendation of shares in international recruitment group Empresaria (LSE:EMR) badly. This tip, at 169p has been an unmitigated failure and for that I apologise. The macro economic backdrop has not helped but there have also been clear company specific issues. The shares have recovered somewhat from late 2011 lows […]

UK’s public money-backed Royal Bank of Scotland (LSE:RBS) is to exit the British Government’s version of an insurance program specifically for financial institutions, three years after the bank agreed to be protected against future credit losses during the wake of the financial crisis. RBS, the only British bank that sought this protection after Lloyds Banking […]

In addition to being one of the most advanced financial markets in the world, the London Stock Exchange sports a variety of blue chip stocks on its vast trading floors. This is partly what makes the London Stock Exchange so favorable for international trade. Blue chip stocks are stocks that are widely believed to be […]

A lot of disappointments hurled at Shanta Gold Limited (LSE:SHG) today as the company revealed it is nearly out of cash to keep itself afloat after a loan provider deferred commitment to provide funding, following the gold explorer’s poor production performance brought about by operational issues at its Luika mine in Tanzania. Shanta is now […]

Shares of Firestone Diamonds plc (LSE:FDI), listed on the Alternative Investment Market in London, were heavily traded today as the diamond exploration and development company said rare diamonds were found from its flagship mine in Lesotho, Africa, promising the company of a potentially diverse diamond assortment of high quality and size. Over 69 million shares […]

I first recommended door to door and auto credit provider S&U (LSE:SUS) at 582.5p. Following half year results announced on 26th September, the shares now trade at 910p but along the way the company has also paid out dividends of 207p making a total return to date of 92%: those who follow me have almost […]

It now appears that Bumi (LSE:BUMI) is going to be a headliner in London and there is no telling how long the play will go on.  Last evening Nat Rothschild, the conceiver and creator of the world of Bumi tendered his resignation to board chairman, Samin Tan. Having, quite obviously, hoped to pronounce his 2011 […]